Financial Independence Retire Early -- or FIRE -- is a method of living below your means to obtain financial independence and security as early as possible. Reaching the magic numberMany people think they don't earn enough to be able to retire early. When making the decision to retire early, you should expect to make some significant lifestyle changes. "Those looking to retire early need to widen the gap between what they earn and what they spend," said Harrison. This is even more important for those looking to retire early," said Harrison.

Source: CNN August 09, 2021 15:00 UTC