From Casual Money Talk …
Today I want to talk about something that I have never written about but has been on my mind a lot lately: FIRE, which stands for “financial independent, retire early”.
In layman’s terms, you achieve FIRE when your investable assets could generate enough income to cover your expenses. At that stage, early retirement becomes entirely possible, albeit optional.
With that in mind, I thought it would be interesting to find out what would happen if my husband and I decide to “become” financially independent and retire today.