“Compound interest is the eighth wonder of the world. He who understands it earns it ... he who doesn't ... pays it.” ― Albert Einstein Note: I am still learning about the various concepts of FIRE, (financial freedom) itself, this is only a move to share with my peer members. There will be a lot of articles that can provide in-depth details about the same. Now let us start with the term acronym i.e FIRE itself, this is the most famous principle known to the people who are related to the field of financial planning . F: Financial I: Independence R: Retire E: Early So FIRE is just a concept that helps to understand the needs during the early stages of your life, and then do organized planning ( i.e goal-based, etc.), to achieve the things in near future, and then fulfills your goals according to the requirement, also gives you the flexibility to be involved in any sort of interests may be ( social cau...