23-07-2024, 10:09 AM
Yating Yang
in Beijing
Published: 6:00pm, 22 Jul 2024
A Japanese man who lived an extremely frugal life for 21 years because he wanted to save 100 million yen (US$640,000) to retire early
......
In an effort to live the FIRE (financial independence, retire early) lifestyle, the man, who earned an annual salary of about five million yen (US$32,000), devised a meticulous plan to save 100 million yen as early as possible.
......
For more than two decades, he lived in a company dormitory, paying 30,000 yen (US$190) a month for rent and scavenging for all his appliances and furniture.
His meals were extremely frugal, a typical dinner might comprise a sour plum, some salted vegetables and a bowl of rice.
Sometimes the dinner was just an energy drink, which he acquired using free points from convenience stores.
He would also have cola and biscuits as his evening meal
......
His efforts paid off early this year when he announced on social media that he had finally saved 135 million yen (US$860,000) after 20 years and 10 months of working
......
However, his joy was short-lived, as he recently disclosed that his savings had shrunk dramatically due to the yen’s depreciation since the beginning of this year.
“If the yen keeps depreciating, I’ll never achieve financial freedom. What have I been working for these 21 years? It’s all meaningless, so tragic,” he said.
https://www.scmp.com/news/people-culture...retirement
in Beijing
Published: 6:00pm, 22 Jul 2024
A Japanese man who lived an extremely frugal life for 21 years because he wanted to save 100 million yen (US$640,000) to retire early
......
In an effort to live the FIRE (financial independence, retire early) lifestyle, the man, who earned an annual salary of about five million yen (US$32,000), devised a meticulous plan to save 100 million yen as early as possible.
......
For more than two decades, he lived in a company dormitory, paying 30,000 yen (US$190) a month for rent and scavenging for all his appliances and furniture.
His meals were extremely frugal, a typical dinner might comprise a sour plum, some salted vegetables and a bowl of rice.
Sometimes the dinner was just an energy drink, which he acquired using free points from convenience stores.
He would also have cola and biscuits as his evening meal
......
His efforts paid off early this year when he announced on social media that he had finally saved 135 million yen (US$860,000) after 20 years and 10 months of working
......
However, his joy was short-lived, as he recently disclosed that his savings had shrunk dramatically due to the yen’s depreciation since the beginning of this year.
“If the yen keeps depreciating, I’ll never achieve financial freedom. What have I been working for these 21 years? It’s all meaningless, so tragic,” he said.
https://www.scmp.com/news/people-culture...retirement