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Your guide to retiring young: Save early, keep at it, get set, GO!

Jan 26, 2024 03:48 PM IST

Retiring at 40 is not a pipe dream. Begin early, maximise your privilege, save from the start and track how your money grows. Your golden yacht awaits

Fire doesn’t just mean the hot stuff now. For millennials and older Gen Zs who are fed up of clocking in to earn peanuts, it stands for Financial Independence, Retire Early. The term dates back to the 1992 book. Your Money or Your Life by Joseph R Dominguez and Vicki Robin. Today, it’s the war-cry for the burnt out, the exhausted, and the ones who are honestly, just not feeling it anymore.

To retire at 40, you can’t start at 39. Get a smart financial advisor in your 20s and track your investments. (Adobe Stock)
To retire at 40, you can’t start at 39. Get a smart financial advisor in your 20s and track your investments. (Adobe Stock)
Today’s spends eat into tomorrow’s dividends. Rethink the five-digit night-out bill and the VIP concert tickets. (Adobe Stock)
Today’s spends eat into tomorrow’s dividends. Rethink the five-digit night-out bill and the VIP concert tickets. (Adobe Stock)
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