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Showing posts with the label #financialindependence

Building wealth to ignite “FIRE”

“Greed is good” said Gordon Gekko in Hollywood movie “Wall Street”. Wealth and accumulating it is considered as an occupation of capitalists and is often seen in a negative connotation. I have heard stories of how parents forbid their grown-up kids from investing in the stock market, equating it with a den of speculation. Is the pursuit of wealth an endeavor, which is smeared with greed and negative karma. My profession includes investing in the stock markets - the temple of capitalism - gives me an opportunity to interact with different people, who are rationally expected to always keep maximizing their wealth. Everyone wants to get a slice of the wealth creation with greed and fear being an integral part of the ecosystem. So what is wealth building and how is it related to Financial Independence. What is this new cult “FIRE” (an acronym for Financial Independence Retire Early) all about? FINANCIAL INDEPENDENCE Wikipedia defines Financial independence (FI) as the status of hav...