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Hannah McQueen: How to retire in your 30s

Author
Newstalk ZB,
Publish Date
Sat, 7 Sep 2019, 12:24PM
(Photo / 123RF)

Hannah McQueen: How to retire in your 30s

Author
Newstalk ZB,
Publish Date
Sat, 7 Sep 2019, 12:24PM

Have you heard of the F.I.R.E movement? It stands for Financial Independence, Retire Early, it’s been a big thing on the web for a while and its biggest advocates live really frugal lives and essentially retire early - like 30s and 40s early. They boast of having lives of freedom, choices, travel etc that most of us 9-5ers can only dream of.

In reality, they don’t just lie around on beaches, but take up freelance work, or pick and choose what they do rather than being on the hamster wheel. So it sounds quite appealing. But is it realistic? What would be involved and how much would you actually need to be able to retire that early?

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