Lean FIRE

Lean FIRE (Financial Independence, Retire Early) is a strategy where individuals aim to achieve financial independence by significantly reducing their living expenses, allowing them to retire much earlier than traditional retirement ages. By adopting a frugal lifestyle and minimizing costs, they build enough savings and investments to cover their basic needs without relying on regular employment. Once their savings can generate sufficient income through investments, they can stop working and enjoy a simplified, debt-free life focused on what truly matters to them. It’s a disciplined approach emphasizing efficient spending to gain early financial freedom.