What is the FIRE strategy? We explain…
- Fat FIRE: Aimed at those seeking continued standard of living after retirement, this calls for saving up to 70% of income and investing aggressively to gain high returns. Further, it also calls for annual pay increase to draw a high salary.
- Lean FIRE: Aimed at the minimalist, this looks at the minimum required to life a modest and restricted lifestyle.
- Barista FIRE: Aimed at those wanting to quit their 9-to-5 jobs, it encourages a combination of part-time work and early retirement to ensure better than minimalist lifestyle, but continued income for medical and other emergencies.
- Coast FIRE: This calls for saving aggressively early and then letting your investments grow while reducing future savings to maintain lifestyle.
Financial strategy: Mix, match, personalise to accelerate path
Achieving FIRE: What are the challenges?
I asked ChatGPT how achievable FIRE is in 2026, it said…
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