What is the FIRE movement?

The latest pension reform will not solve the problem of dwindling social security contributions, and many people are turning to private pension plans as an alternative to supplement public pensions. But are there other options? Is it possible to enjoy our retirement before the age of 50? An ideology that promotes aggressive saving and investment says yes. Lara de Castro, HR Business Partner of 11Onze, explains it to us.


The recent pension reform does not solve the basic problem that there are fewer and fewer contributions to Social Security, which does not give much confidence in the ability of public pensions to guarantee welfare in our retirement. The FIRE movement, which stands for Financial Independence, Retire Early, proposes finding ways to increase income and decrease expenses, along with aggressive investments to accumulate wealth quickly.

De Castro explains, “The goal, if you embrace this movement, is to retire before, or around, 40“. But how is this achieved? There is a predetermined roadmap, to achieve this goal, which uses various strategies that hinge on two basic elements: saving and investing,” adds De Castro.

Once financial independence is achieved, paid work would become optional, allowing us to retire well before the official retirement age. If you still have time and want to know more, watch the video below.

11Onze is the fintech community of Catalonia. Open an account by downloading the super app El Canut on Android and Apple and join the revolution!

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Equip Editorial Equip Editorial
  1. Daniela SimónDaniela Simón says:
  2. Joan Santacruz CarlúsJoan Santacruz Carlús says:
  3. Jordi MorenoJordi Moreno says:

    No coneixia el que era el FIRE, moltes gràcies per parlar-ne i pels consells!👌

    • Lara de Castro says:

      Sempre és interessant conèixer noves maneres de fer les coses, oi? Gràcies pel teu comentari, Jordi.

      2 years ago
  4. Manuel Bullich BuenoManuel Bullich Bueno says:

    Molt interessant

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