Retirement no longer equates with being old as many of the world’s younger generations expect to spend a prolonged period in that phase of their lives. What they aim to pursue is a more avant-garde lifestyle—“FIRE:” Financial Independence, Retire Early.
This movement popped up in China in the last decade and, admittedly, accumulating enough money at a fairly young age to see you through the next few decades and living on a passive income courtesy of a rational wealth management plan does sound enviable. Some of those whose current paychecks won’t stretch far enough are even resorting to minimalist lifestyles to ensure their FIRE dreams can come true.
