Paisa Vaisa with Anupam Gupta Adopting FIRE Model
Dec 11, 2023
Ravi Handa, expert in financial tips and tricks, discusses the adoption of the FIRE model in India and the US, its pros and cons, practical tips for living by it, advice for the new generation, hobbies turned business ventures, and the importance of being skeptical about financial advice.
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FIRE Information Gap
- Most online FIRE information is theoretical, not from lived experiences.
- Indian FIRE is different from the US version, lacking practical examples.
FIRE Concepts
- FIRE has two components: financial independence and early retirement.
- Many achieve financial independence late in life, but FIRE aims to achieve it earlier.
US vs. India FIRE
- FIRE is easier in the US, both financially and socially.
- The US offers better social security and a more trusted market history.