More and more young professionals are envisioning an early retirement as their main financial goal. Most have turned to the “FIRE” movement, which stands for “Financial Independence, Retire Early,” for information. This movement promotes frugality, and sometimes extreme frugality, to reach financial goals.
In the video below, I explore a hypothetical example to illustrate how much earlier one would be able to retire if they spent ten years living an extremely frugal lifestyle. Enjoy!