London influencer spends £13 daily to retire by 40

Mia McGrath, a 24-year-old from London, is determined to retire by the age of 40. She shares her budgeting tips on TikTok, where she has gained over 103,000 followers. Mia follows the F.I.R.E. movement, which stands for "financially independent, retire early." In a recent video, Mia revealed that she spends only around £13 a day to reach her retirement goal. She avoids buying expensive coffees and packs her own meals instead. Many Londoners often spend £10 for lunch, but Mia makes her breakfast and lunch from leftovers, costing her much less. Mia's daily expenses include a commute that costs £3.40 each way, 50p for her breakfast of eggs and pancakes, and 80p for lunch leftovers. Her dinners are also cheap, with spaghetti bolognese at £1 per serving and brownies at 40p each. Overall, her daily spending totals £13.34. Many people reacted to her frugal lifestyle, with some feeling inspired, while others felt she was missing out on her youth. Mia plans to have around £1.25 million saved by her 40th birthday. Currently, she saves £1,500 a month but wants to increase this amount by raising her income through side hustles. Mia also stresses the importance of investing, holding £58,000 in stocks, mainly in the S&P 500, which typically returns around 8% yearly. While she aims to retire "softly," still working on her own terms, she recognizes the challenges it brings. Support for her lifestyle varies, with some praising her fiscal discipline and others encouraging a more carefree approach to youth.