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FIRE: the elusive financial dream for many Indians
Mint Chennai
|September 30, 2025
I ve exhausted my savings in funding my daughter's MBBS education. Her post-graduation is still left. At the age of 55, I will start saving for retirement from scratch. I will retire with no corpus, or perhaps never retire,” said an attendee at Mint Money Festival. His story, shared during a session on FIRE, or Financial Independence Retire Early, underscored how unrealistic it may feel, weighed down by family obligations and education costs in India.
FIRE isa global movement that has drawn young professionals with its bold promise: work and save aggressively in your 20s and 30s so that by your 40s or 50s, you no longer need to earn a living. Popularized in the US by bloggers like Mr. Money Mustache, the concept rests on three pillars—frugality, high savings, and early investing.
This story is from the September 30, 2025 edition of Mint Chennai.
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