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FIRE stands for “Financially Independent, Retire Early,” and it’s a trend growing in popularity with Gen Zers.
It’s all about being frugal now, so they don’t have to work into their 60s or even 70s. 24-year-old Mia McGrath is part of the FIRE movement. In a TikTok video, Mia shares that she eats a 65-cent breakfast every day, skips salon visits and other nonessentials, and has already saved $90,000. Her goal? To retire by 40.