In Celebration of Financial Independence
Echoing the sentiments of two Morningstar colleagues.
I knew the FIRE Movement before there was a FIRE Movement.
For those unfamiliar with the acronym, the initials stand for “Financial Independence, Retire Early”--a goal typically achieved by combining a relatively high income with low spending. The concept was initially advanced in 1992’s “Your Money or Your Life,” by Vicki Robin and Joe Dominguez. The idea has gained popularity over time, thanks to its following among younger investors.