Every week, someone tells me they want to retire by 40.

My first question is always the same: why?

The FIRE movement promises freedom decades earlier than traditional retirement.

Online, it's often presented as a fairly simple formula: save aggressively, invest consistently, and escape the workforce early.

But in Canada today, is FIRE actually realistic — or has it quietly become a strategy mostly for high earners, extreme savers, and people willing to take bigger risks than they admit?

I recently sat down with Canadian Press reporter Kumutha Ramanathan to discuss what I've seen from real clients pursuing financial independence and early retirement.

No hype. No fantasy projections. Just the math, the psychology, and the tradeoffs people rarely talk about honestly.

Here's what we covered:

• The income level where traditional FIRE actually starts becoming mathematically possible in Toronto

• Why one popular version of FIRE may actually be harder than the original approach

• The Canadian realities most FIRE discussions barely mention

• What early retirees often discover emotionally after leaving work decades early

• The five biggest mistakes FIRE communities consistently make

• Why disciplined savers can still end up with portfolios that are too small

• The difference between needing income and needing cash flow

• The first thing I ask anyone who says they want to retire at 40

In my latest podcast episode you'll learn my full answers from the interview, including the parts most FIRE discussions tend to leave out.