Who wouldn’t like the option to down tools in their 40s or 50s? Well, there’s a new lifestyle trend called FIRE, and its followers aim to achieve Financial Independence and Retire Early.
The idea originated in the USA and is now catching on here. But if early retirement sounds like a dream, it comes at a cost. FIRE calls for frugal living, investing and extreme saving – you’d need to save 50% of your income and 70% if possible.
Marie Walshe, 47 (right), is attempting to achieve FIRE. She lives in Kent with her husband, Diarmaid, 51. She works as a lecturer and teaches accounting.
‘Growing up on a farm in Ireland, my parents taught me the importance of putting money away and saving for a rainy day. They ran a guest house and rented out the land, which was a great way of earning a passive income.
This story is from the February 04, 2020 edition of WOMAN'S WEEKLY.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 04, 2020 edition of WOMAN'S WEEKLY.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Your wellbeing
LATEST HEALTH SOLUTIONS FOR YOUR MIND AND BODY
Here to help
LET COUNSELLOR KEREN LIGHTEN YOUR LOAD
Clematis FOREVER
These adorable climbers offer months of colour
Quick cushion
Make sewing simple with this speedy appliqué project
Ahidden HEAVEN
Discover a new side to Cornwall on a visit to the quiet south coast peninsula of Roseland
Bright IDEAS
From floor lamps to ceiling pendants, we've found the best solutions to lighten every corner
Heard of EARTH DAY?
We find out how this annual event is trying to help our planet
BETTER SLEEP...in a week!
Waking in the night or trouble nodding off? Here's how to improve your slumber in just seven days
National treasures
The UK is getting a new national park, which will be chosen soon from a number of options. Here are some of the gems we have already
'My dream role would be winning the lottery!'
Actor Larry Lamb on his lucky career, reality show stints and what he does to stay healthy