How do you spend your time? For most of us, this usually involves some combination of sleep, work, sustenance, education, prayer, exercise, and leisure. Balancing all of these activities is one of life’s great struggles.
Work is perhaps the area we have the least control over, as the majority of us need to earn in order to provide. Work also takes a disproportionately large amount of our waking hours. In the West, people typically work 8 hour days. Assuming you sleep for another 8 hours, now that’s 50% of your total waking hours.
This is fine if you enjoy the work you do. However, research tells us this is not the case for the majority. In fact, a Gallup survey in 2019 found that globally only 15% of full-time workers felt engaged at work.
The traditional solutions are to retire once you’ve earned enough money, have someone who can financially support you (e.g., kids/spouses), or become eligible to use your pension. However, for many, this dream is never realized. In fact, in 2021, according to the Natixis Global Retirement Index, 36% of Americans believe that they will never be able to retire. With the current backdrop of rising inflation, it has never been more important for people to take control of their retirement.
Enter the FIRE movement. This movement claims to have found the blueprint to becoming financially independent and retiring early. This article will explain the FIRE movement, why it matters, and how Muslims can implement this philosophy according to their religious values.
In this article, I cover:
- What is the FIRE movement?
- The different types of FIRE strategies
- Why is FIRE important for Muslims?
- How Muslims can implement FIRE
- Step by step guide to practice FIRE
You can read the full article at Zoya here.
Adil Hussain 
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