In an interview on Business Today, Abhinandan Honale, Co-Founder & Head - Wealth Management Samarth Wealth Pvt Ltd, explained that the FIRE (Financial Independence, Retire Early) concept is gaining popularity in India, with many aiming to retire by 45. He noted that due to higher inflation and market volatility, Indians need a larger savings corpus—around 35–40 times annual expenses. He also stressed the importance of balancing disciplined saving with enjoying life (YOLO) and highlighted that having a purpose after retirement is crucial for well-being.