News Home » Finance » How one millennial managed to save almost $1 million in 10 year

How one millennial managed to save almost $1 million in 10 year

UniqueThis 27 Oct 5

This millennial claims he was FIRE before FIRE became popular.

FIRE refers to the “financial independence, retire early” movement bubbling up in the younger generation these days as a pathway out of the grind — slash expenses, save a bundle and enjoy the freedom that approach ultimately allows.

 

Using the name FluffayPenguin, one anonymous thirty something took to Reddit to illustrate his FIRE blueprint, which allowed him to graduate college in 2008 and build a small chunk of change all the way up to $930,000 in savings.

“My salary ($55K-$75K) has never been particularly high, so FIRE was always an attractive long-term solution for me,” he wrote. “Considering that I’ve only made roughly $450K post-tax from work over the past 10 years, I’m pretty happy with how much I’ve saved up. I don’t have any side jobs or blogs for supplemental income, so everything’s coming from my work and investments.”


Tags : Millennial  millionaire