We don’t all have to live frugally and retire by 40 years old, but we need to be financially disciplined so we can retire meaningfully. Synopsis: Every first and third Monday of the month, get a headstart in your personal finance and career with The Straits Times. FIRE in this context, stands for financial independence, retire early - a movement that points to the desire to retire earlier than the usual age range of 65 to 70, through a regime of aggressive investing, saving and frugality during one’s working years.  In this episode, ST business correspondent Sue-Ann Tan investigates if Fire is for everyone, and if there are other ways to sustainably achieve financial freedom and retire at leisure.  Her guests are Mr He Ruiming, 35, who as co-founder of the Woke Salaryman, talks about how he initially wanted to retire at the age of 32, and DBS financial literacy expert Lorna Tan, who feels that retiring meaningfully is more important to her.  Highlights (click/tap above): 1:42 What are the different types of Fire? 3:14 Ruiming’s journey to achieve Fire by the age of 32 9:40 If I’m 25 now, what should I do to retire at 40?  12:56 What Ruiming wished he knew when he was younger 16:45 Lorna’s alternative to Fire, which is 'Firm' - financial independence, retiring meaningfully  21:46 Trends like loud budgeting which support more financial discipline  27:29 Using excel spreadsheets to track finances and goals  Read Sue-Ann Tan's articles: https://str.sg/mvSa Follow Sue-Ann Tan on LinkedIn: https://str.sg/A86X Host: Sue-Ann Tan ([email protected]) Produced & edited by: Amirul Karim Executive producers: Ernest Luis, Lynda Hong & Joanna Seow Follow Headstart On Record Podcast channel here: Channel: https://str.sg/wB2m Apple Podcasts: https://str.sg/wuN3 Spotify: https://str.sg/wBr9 Feedback to: [email protected] Get business/career tips in ST's Headstart newsletter: https://str.sg/headstart-nl --- Follow more podcast channels: All-in-one ST Podcasts channel: https://str.sg/wvz7 ST Podcast website: http://str.sg/stpodcasts ST Podcasts YouTube: https://str.sg/4Vwsa --- Get The Straits Times' app, which has a dedicated podcast player section: The App Store: https://str.sg/icyB Google Play: https://str.sg/icyX #headstart See omnystudio.com/listener for privacy information.