Gen Z plans to retire by 40 using the FIRE movement—inside the trend sweeping an entire generation
Instead of working their way up the corporate ladder or banking on a pension that may never materialize, many are turning to a radical new goal: reti…
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UK Influencer's FIRE Movement Strategy Sparks Debate on Financial Independence and Youth
A young woman from the UK, Mia McGrath, has taken the internet by storm with her TikTok videos on achieving financial independence through the FIRE movement. Her approach, which involves saving a significant portion of her income, has resonated with many, garnering thousands of views and comments. "I just don't want to be forced to do it," McGrath explains in her video, highlighting her desire for work flexibility, not necessarily retirement. However, her strategy isn't without its critics. Some question whether prioritizing early financial independence sacrifices the enjoyment of one's youth. McGrath acknowledges this, stating, "Your life isn't guaranteed," but emphasizes the importance of long-term planning. Her videos offer a unique perspective on financial planning for young adults, demonstrating the power of consistent savings and goal-oriented investing, even with modest monthly contributions.
24-year-old eats a 65-cent breakfast every day, skips salon visits and has saved $90K—she's part of Gen Z's FIRE movement and plans to retire by 40
A growing number of young people are saving aggressively to retire by 40 under the FIRE movement.
