New Delhi, Aug. 8 -- Over the last few years, the Financial Independence, Retire Early (FIRE ) movement has gained momentum in India and many other parts of the world. Some FIRE aspirants prefer to retire and live on passive income. On the other hand, some people focus on the financial independence aspect of FIRE and not the retire-early part. Financial independence gives them the freedom to work on their passion on their own terms. The FIRE concept originated in the US and works on a set of assumptions that are more suited to US markets. In this article, we will discuss why the original FIRE model may be unsuitable for Indian market conditions and how you can customise it to suit your needs.

The FIRE concept involves accumulating a corp...