What Is The FIRE Movement (Financial Independence, Retire Early)?

This guide explores the FIRE movement framework adapted for the Nigerian context, addressing challenges like high inflation, currency devaluation, and extended family financial obligations. It introduces a “Naija FIRE plan” using a 2.5% withdrawal rate instead of the standard 4% rule, accounting for high-inflation economies. The post provides practical steps toward financial independence through disciplined savings, investment in naira and dollar assets, and building passive income streams.