'I'm still in my 20s but plan to retire in my 30s - this is how I'll do it'

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A savvy woman has revealed her strategy to hang up her work boots in her 30s, aiming for financial independence. Kennie Bukky, who dishes out career and money tips online, has shared the blueprint she's following to bow out of the rat race early.

On her TikTok account @Kenniebukky, she uploaded a video titled: "My early retirement plan. Copy my 9-5 early retirement plan - not official financial advice, just my personal game plan for early retirement."

The clip has gone viral with over 36,000 views, nearly 2,000 thumbs-ups, and a flurry of comments from intrigued followers. In the footage, Kennie details why she's not keen on sticking to a traditional 9-5 grind until what's considered 'retirement age' - usually the late 60s.

In one slide, Kennie penned: "Most people don't know that you can choose when you retire. Most people in the UK wait till over 65 years to retire. Since you can decide what age you want to retire, I've decided that I don't want to work a 9-5 until I'm 65, so here is my game plan for achieving financial independence and retiring early."

Laying out her step-by-step approach, she explained: "The game plan is called F.I.R.E. This stands for: Financial Independence, Retire Early. Financial independence is the goal here (financial freedom is the level after this). When financial independence is achieved, you don't have to work to cover your living costs so technically you can retire."

In another slide, she elaborated: " How do I plan to achieve financial independence? Financial independence is when things you own (assets) pay for your living expenses, like bills, food, etc. Examples of assets are property, stock and shares, a business etc, high income skills and side hustles. You can only gain assets by investing in them. The right assets will later pay for your lifestyle when you retire."

Kennie then shared her strategy for acquiring assets, which requires disposable income. Here's how she ensures she has some disposable (spare) income:

  • Acquiring a high income skill and becoming a contractor. Being a contractor (rather than a permanent employee in my 9-5 career) enabled me to start earning a six-figure salary in my 20s.

  • Creating multiple streams of income through my side hustle and business.

  • Living below my means by keeping my bills and expenses low to save most of my income.

Kennie added: "I save and invest most of my income."

Here are the areas she invests in:

  • Courses and books to enhance and develop my income generating skills to maximise my income.

  • I invest in assets that yield dividends like property and stocks and shares.

  • I invest my time and money into a business that generates additional income.

Kennie finally stated: "Once the passive income from these are able to cover all living expenses and bills - the financial independence has been achieved and I can technically retire because you won't HAVE to work, but I can choose to do so by choice!

However, it's worth noting that this plan might not be suitable for everyone. Kennie clearly states that this is not official financial advice but simply her "personal game plan."