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It’s the dream, isn’t it — not just retiring at a great age, but retiring early? It would be nice to have time ahead of you while being financially supported enough to enjoy each and every year!
There are certainly ways to achieve financial independence and retire early. So, let’s look at exactly how to do that and two Canadian stocks that could get you there.
FIRE stocks
First, what exactly are FIRE stocks? The acronym stands for Financial Independence, Retire Early. When it comes to stocks, these are companies favoured by investors pursuing early retirement. To do so, you’ll need to build significant savings and passive-income streams.
The concept then revolves around saving and investing aggressively, often with the goal of accumulating a nest egg to sustain one’s lifestyle throughout a person’s life rather than depending on employment income. FIRE then typically aims to accumulate assets…
