Planning for Financial Independence Retire Early (FIRE)? Dont forget to consider this important factor before doing so! - What is FIRE, or Financial Independence, Retire Early?

Financial Independence, Retire Early (FIRE) involves aggressively saving significant portions of your income while you are young and earning, so that you are financially in a position to retire much before the usual retirement age. In essence, you are building up a sufficient pool of assets and passive income streams so that your living expenses and other expenditures are covered once you step away from your active job, and thus, have no regular income stream. What is FIRE, or Financial Independence, Retire Early?