In this episode of Fantastic Females, my co-host Rupali and I, Kalyani, discuss the concept of retiring early, also known as FIRE (Financially Independent Retire Early). We share our thoughts on retirement and question the societal construct of retirement itself. We believe that if you enjoy what you do, there may not be a need to retire at a specific age. The idea of retirement originated after the World Wars when people sought security, but it may not be as relevant today. We talk about the FIRE movement, which emphasizes saving 50-75% of your income to retire early. However, we find that this approach can be stressful and may prevent us from enjoying life in the present. We discuss the practical aspect of retirement planning, such as calculating your annual expenses and multiplying it by 25 to determine the amount needed for retirement. We also acknowledge that everyone’s financial situation and goals are unique. What works for one person may not work for another. It’s crucial to assess your own priorities and values when it comes to retirement planning. Some individuals may prioritize early retirement and are willing to make sacrifices in the present to achieve that goal. Others may find fulfillment in their work and prefer a balanced approach that allows them to enjoy life along the way. Additionally, we discuss the impact of inflation on retirement savings and the need to consider investments that can keep pace with inflation. We highlight the importance of ongoing education and upskilling in the financial investment world to make informed decisions about passive income streams and investments that can provide long-term financial security. Ultimately, our aim is to encourage our listeners to take control of their financial well-being and find a path that aligns with their individual aspirations. Retirement is a personal journey, and it’s essential to make choices that bring both financial stability and joy in life. Remember, the key is to strike a balance that allows you to live a fulfilling life today while also planning for the future. We encourage listeners to become aware of their financial situation and consider alternative options for income generation, such as passive income and investments. We conclude by reminding listeners that the information provided is educational and not financial advice.