After growing poverty in Chinese rural areas, where her family lived at least $ 0.44 a day, Christie Sheen learned to take decisions based on practicality rather than feelings at an early age.
After his family moved to Canada, on the first visit to the eight-year-old toy store, refused to offer a bear for a cheap child and asked his father to send the remaining money to his family in China.
When she was a teenager, she chose to become a computer engineer, ignoring her dream of being a writer, on the basis of a source, she used to classify the best university courses on the basis of tuition fees for future salaries.
Had prepared for it. As an adult, any domestic dispute with her husband, Brice Leung, is usually won or lost on the basis of the best game case.
But when Leung told her in 2012 that her savings could be up to one million Canadian dollars ($ 760,000) in three years and she could retire in her early thirties, she was convinced that the facts were wrong.
Finally, the most logical argument won. Three years later, Shane, 31, and Leon, 32, retired.
They are part of the growing fire movement (financial independence fast retired), which encourage workers to make huge savings to enable them to stop working for money before normal.
Today, at the age of 36 and 37, respectively, Chen and Leung take “retire” (to use the word on two people, hence pulse with youth seems misleading).
They started abandoning their old jobs – worked as computer engineers – almost permanently traveled around the world – spending time in countries like Japan, United Kingdom, Portugal and Thailand – started creating a successful blog, Millennial Revolution Doing, teaching others how to retire quickly. . The first was a children’s book, Little Miss Eiffel.
Second edition, “Take a Millionaire Like It” has been issued a guidebook on the memo this month and presents financial independence as a pleasure and refuses home ownership as an investment.
First of all, his friends and family were skeptical, so that he was expected to be bankrupt after one year.
But the visit has given them less than a year at home in Toronto, and their portfolio has increased because they have left their old life, so now they have more money than they have started.
Some people see what they are doing as “neglect” because it defines the status quo. “It really makes people doubt their life and do not like it because it’s scary.”
Their journey in the fire started quite a lot in the fire – they were saving the deposit to buy a house.
But as much as their savings, high house prices, and less confidence to get the real estate ladder By 2012, after seven years of savings, they had $ 500,000 CAD, but Leung started looking for other solutions.
After facing the first bloggers like Fire Mustache, they say: “I realized what they were doing, and where we can be debtor for 25 years or retire in about three years.”
Using the revised version of “4% rule” – an inaccurate doctrine from the world of traditional retirement – he calculated his basic living expenditure, C $ 40,000, and defeated him with 25 million Canadian dollars, the amount that he had to retire would be required.
In total nine years, they managed to collect four-fifths of that savings, while another CAD 200,000 through less risk investment.
But their saved lifestyle was not completely economical. They used to spend money on holidays and they were allowed to be treated. The deduction focuses on three main areas: transportation, housing and food.
They used to avoid eating out, used only public transport and car sharing services and used to stay away from the city center to save rent. Monitoring their expenditure has helped identify areas that they can reduce – including drinking habits.
Shane laughed, “At some point in the beginning, he was only spending $ 400 on beer.” “I like it,” do you know that this is the amount we used to rent in a month? ”
Now that he has retired, he believes that his savings, invested in low-cost index funds (ETFs), will keep him in future. In the event of a disaster, including 1929 accident, they have three backup plans.
“Probably, we are some of the most pessimistic people I’ve met,” Long says through clarification. “We are just doing this because we have created all these security nets that will follow us.”
During his childhood in Taiping, a village in Sichuan province, he says that he quickly learned the mentality of scarcity.