Independence is the ability to own your time; it is personal autonomy and control over one's life. True independence goes beyond political or legal rights; it includes the ability to decide how one spends time and makes choices without external constraints or pressures. Being able to allocate your time according to your own preferences and priorities is financial independence. This can encompass various aspects of life, such as choosing how to work, engaging in hobbies, spending time with loved ones, pursuing personal goals, and more. In the West, this idea has crystallised into F.I.R.E., or Financial Independence Retire Early. It's a movement and lifestyle approach aimed at achieving financial independence and the ability to retire from traditional employment at an early age. The main idea behind F.I.R.E. is to save and invest aggressively during the early years of one's career with the goal of accumulating enough wealth to sustain one's desired lifestyle without relying on a traditional 10-to-6 job. The F.I.R.E. movement emphasises five key principles: High Savings Rate: Saving a significant portion of one's income, often 50% or more, is a cornerstone of the F.I.R.E. approach.
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SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.
View Details»Aggressive Investing: Investing in assets like stocks, bonds, real estate, crypto, and other income-generating investments is crucial to growing one's wealth over time. Frugality: Minimising expenses and focusing on needs rather
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