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Geneva FIRE Group (Financial Independence, Retire
 
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Founded: December 18, 2019
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Members: 7
 
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Geneva Groups > Other > finance, independence, retirement
The FIRE (Financial Independence, Retire Early) movement is a lifestyle movement whose goal is financial independence and retiring early. The model has its roots in the US and most of the material surrounding it is centere...   + More
The FIRE (Financial Independence, Retire Early) movement is a lifestyle movement whose goal is financial independence and retiring early. The model has its roots in the US and most of the material surrounding it is centered on the States. This Geneva group is a gathering of friendly like-minded people who want to explore how a FIRE lifestyle can be lived in the region.

For those less familiar with the idea, those seeking to attain FIRE intentionally maximize their savings rate by finding ways to increase income or decrease expenses. The objective is to accumulate assets until the resulting passive income provides enough money for living expenses in perpetuity. Many proponents of the FIRE movement suggest the 4% rule as a guide, thus setting a goal of at least 25 times estimated annual living expenses. Upon reaching financial independence, paid work becomes optional, allowing for retirement from traditional work decades earlier than the standard retirement age.   - Less
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