FAT FIRE vs. Coast FIRE vs. Barista FIRE: What These Early Retirement Movements Mean, and Which Might Be Best for You

The Financial Independence, Retire Early (FIRE) movement has skyrocketed in popularity over the last few decades. The basic idea is to save aggressively while you're young -- usually 50% or more of your annual income -- so that you can retire far earlier than normal. Many retire in their 50s, though some retire in their 40s or even sooner.The core of FIRE remains the same across all branches of the movement, but there are now several subtypes, each with its own objectives. We'll look at three of the most popular -- FAT FIRE, Coast FIRE, and Barista FIRE -- to help you figure out which one is right for you.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool