Woman, 24, Aims to Retire Before Turning 40

Strict savings rules helped her amass almost £100,000.

At just 24 years old, Mia McGrath is diligently saving with the goal of retiring before she turns 40. The Londoner has already accumulated almost £100,000 through disciplined financial habits and investments.

Tough Love Financial Advice

**McGrath** shares her sometimes harsh, but honest financial advice on social media, hoping to guide other young adults toward better saving habits. While admitting that her generation might not always appreciate her methods, she frames her advice as the big sister advice that you need to hear.

Ditch the Aesthetic

**McGrath** believes that chasing trends and social media aesthetics can be a major drain on finances. “Trying to take aesthetically pleasing pictures for Instagram – buying a whole new outfit for that or buying the Rhode phone case, all of these things just to appear like you’re aesthetically pleasing is what’s keeping you broke,” she stated.

She cautions against buying the latest trending item simply because it’s popular, emphasizing that such purchases are often not essential. Consider delaying a purchase, she advises: “If you really like something, save up for it,” adding, “I guarantee if you waited 30 days to buy it, you wouldn’t want it anymore.”

Small Savings Add Up

According to **McGrath**, saving even a small amount regularly can make a big difference. While working with her student loan, she started saving small amounts and now has almost £100,000 in savings and investments, proving that consistent saving is crucial to financial success.

The FDIC reports that about 46% of Americans have less than $1,000 in savings (FDIC).

Time is Money

**McGrath** advises against using time as an excuse for not managing finances. She stresses that achieving financial goals requires discipline and effort. She balances a full-time job with content creation to increase her income.

Build Your Own Future

**McGrath** encourages individuals to take control of their financial futures rather than relying on others. “If you want a soft life, you have to build it for yourself,” she stated, adding, “No man is going to sweep in and do it for you…Even if they are, where does that leave you? What achievements do you have on your own?”

While finding a partner who earns more can be a bonus, she advises ensuring your own finances are in order first.