The meaning of FIRE
The FIRE movement focuses on reaching financial independence by building enough invested wealth to cover living expenses.
Instead of relying entirely on employment income, FIRE followers aim to create long-term financial flexibility.
Core principles
FIRE strategies usually involve high savings rates, disciplined investing and reducing unnecessary spending.
Long-term investing and compound growth play an important role in many FIRE plans.
The 4% rule
Many FIRE discussions use the 4% rule as a guideline for estimating how much invested capital may be needed for sustainable withdrawals.
While not guaranteed, it is commonly used to estimate a financial independence target.
Use the FIRE calculator
Explore your estimated FIRE number using the Noru FIRE Calculator.
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