According to the New York Post, at just 24 years old, Mia McGarth - a girl of Gen Z has planned to save and cut living expenses to retire at the age of 40.
On the TikTok platform, the British fashion saleswoman shared videos with the theme of saving, investing and budgeting, attracting nearly 90,000 followers.
In posted videos, Mia McGarth said: "To balance my budget for retirement at age 40, I often eat breakfast with heated eggs in a microwave, grilled trays and homemade coffee.
I save on renting a house by living with my parents, buying used clothes, and not making nails. In addition, I also create social media content, model to earn extra income in addition to my main job".
Her goal is to save 1.25 million pounds (40 billion VND) to retire. But at present, the salary of 35,000 pounds (VND1.1 billion) is not met. Therefore, Mia McGarth invested in the stock market.
This girl said she had saved 75,000 pounds (VND 2.4 billion). Of which, 58,000 pounds (1 1.8 billion VND) were used to invest in stocks. Mia McGarth calculates that each month, he must invest at least 2,000 pounds (64 million VND) to reach 35,000 pounds per year.
In addition, Mia also tries to increase her main income and find a part-time job.
"My goal is to retire gently at the age of 40, which means I am not bound by administrative work. After my 40s, I have savings and only do jobs that I like or suit my personal needs," Mia McGarth said.
Mia McGarth's story is controversial on social media platforms. Many people praise her for living with clear goals and plans, knowing how to prepare for the future.
However, many people also criticized her rigid lifestyle: "Our future will never be guaranteed. So, enjoy youth because it passes very quickly. You should live for the present".
Not only Mia McGarth, the "Fire" movement (financial independence for early retirement) is becoming a popular trend among young people. In their 20s and 30s, instead of spending time exploring the world and pursuing their passion, many people rush into work and live frugally to prepare for the future.
The "Fire" trend figure revealed that earning money for early retirement cannot be defined as "the lazy Gen Z generation". They believe that people over 40 can be free in terms of time, not dependent on work or anyone.
