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A 29-year-old who’s on track to retire by 35 with $1.5 million saved says 5 strategies are helping her reach the finish line
Catie T., AKA Millennial Money Honey, started her FIRE journey by figuring out how much she needed to save then worked backwards from there.
Catie T., who goes by the name Millenial Money Honey across her various social media platforms, plans to retire when she’s 35. At 29, she’s only six years away from her goal, according to documents viewed by Insider. And about 30 years ahead of most other people her age.
Catie is part of the FIRE (financial independence/retire early) community; it’s a movement that stems from a 1992 book called “Your Money, Your Life,” by Vicki Robin and Joe Dominguez.
According to Investopedia, millennials — who were only just children around the time of the book’s publication — are increasingly the generation embracing FIRE. It’s characterized by aggressive saving and investment practices that allow participants to be work-optional earlier than the traditional age 65.
“I was just living your average LA millennial life, hanging out with my friends, getting my hair done, trying to keep up with all the latest fashion trends,” Catie says of her lifestyle before embarking on her FIRE journey.
