A human being passes through different stages between birth and death. It is said in the village that children and old people are equal. One should not pay too much attention to their mistakes. A support is needed to take care of them. Today times are changing. People live out their childhood with the help of others, but plan for old age in their youth. So that when he retires, he does not become a burden on his children.
What is the meaning of fire?
All this happens by following FIRE and Coast FIRE rules. FIRE means Financial Independence and Retire Early. Those who wish to take early retirement at the age of 30 or 40. It is important for them to be financially independent in order to retire early and hence the trend of FIRE has increased.
rich people adopt method
To put it in simple language, FIRE includes those people who save in advance for retirement at the age of 40, and live their retirement life in a luxurious manner. On the other hand, those people come under Coast Fire, who take retirement at the age of 40 and earn a little money for their living. Earning money is no longer their aim. They just want a peaceful life. Elderly people who want to retire at the age of 60 and live a luxury life. They know about FIRE, and for this they start investing along with starting a job. If you also want to do something like this in life, then you should think about investing.
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Rakesh Jhunjhunwala, known as Warren Buffett of India, used to say that unless the youth of the country focus on investing, they cannot become rich. Because investing gives a purpose to their life. So start investing.
Source: www.tv9hindi.com
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