“FIRE” is the nickname for the “Financial Independence, Retire Early” approach to personal finance. In practice, FIRE is a combination of financial planning strategies and lifestyle decisions that (hopefully) lead to financial independence years before reaching conventional retirement age.

The robo-advisor revolution is having a massive effect on how people handle their money – especially for Millennials and “the digital native” generation who grew up with smartphones in their hands. Artificial intelligence and robo-advisor technology have helped democratize investment advice and management.