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Individuals living frugally for early retirement
Alan and Katie Donegan achieved early retirement at ages 40 and 35 by practicing extreme frugality and saving aggressively over ten years. Their disciplined habits, such as cooking packed lunches and avoiding unnecessary expenses, allowed them to build savings of £1 million before retiring. They are part of the "Financially Independent, Retire Early" (FIRE) movement, which encourages sustained frugal living to enable early retirement, despite rising average retirement ages globally.
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