Retire by 45… With $1.5 Million in the Bank

JESSICA MILITARE

EMMA PATTEE, 28, QUIT her marketing job two years ago and plans to never work a corporate gig again. Kiersten Saunders, 34, and husband Julien, 38, were once $200,000 in debt but are on track to retire with a net worth of roughly $1.5 million before they turn 45. A lucky break? Nope. They are part of an exploding community of people who are hacking their finances through frugal living, saving, and investing to retire decades earlier than the U.S. average age of 61. It’s called FIRE, which stands for “financial independence, retire early.” While the “retire” part is a loose term—many people still have side gigs—the idea is that FIRE gives you the financial freedom to pursue passion projects and kick the traditional 9-to-5 to the curb. “Previous generations…

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Glamour (Digital) - 1 Issue, January 2019

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