FIRE 101: The Core Rules of Financial Independence Retire Early

No matter how you found your way to The Motley Fool, the odds are high that if you’re reading our articles, listening to our podcasts, or checking out some investment options, you’re at least somewhat thinking about your plan for a comfortable retirement. After all, our mission statement until recently was “Helping the World Invest -- Better," and one of the biggest things anyone invests for is their old age. But what if you don’t want to wait until you hit your 60s or 70s to fully enjoy the fruits of your labors? If that describes you, you’re not alone: A small but growing community of people in this country are coalescing under the acronym FIRE, which stands for Financial Independence/Retire Early. They’re living on less, saving much more, and preparing for -- if not full retirement -- a point where they have sufficient resources to feel fully in control of their lives.

In this episode of the Motley Fool Answers podcast, hosts Alison Southwick and Robert Brokamp have invited Jonathan Mendonsa and Brad Barrett, creators of the ChooseFI website and podcast. In this segment, they get down to business, and cover the basics of how they modified their lifestyles and spending to position themselves for financial independence decades ahead of the traditional timeline -- and how you can too.
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