You’d think that after the Fyre Festival documentaries that millennials would steer clear of any financial investment with Fire in the name -but nope. A growing number of people under 30 are joining an extreme-savings trend know has the F.I.R.E. Movement with the hopes of a super early retirement.
F.I.R.E. stands for "Financial Independence Retire Early” and it’s followers try to invest as much as 75-percent of their annual income while drastically cutting down on day-to-day expenses.That means saying goodbye to your avocado toast.
Obviously, not working sounds like fun, but it could also be bad for your health long term. As Capitalist Pigfounder Johnathan Hoenig puts it: “You're 90 percent more likely to die early to retire at 55 as against retiring at 65.”
So then the question is: Would you rather live longer working at a job you hate, or have a shorter life as a retiree at the ripe old age of 30? Decisions.
Source:Fox Business