Read this with interest

Retiring at 40 is not a pipe dream. Begin early, maximise your privilege, save from the start and track how your money grows. Your golden yacht awaits

- Arshia Dhar

 

To retire at 40, you can't start at 39. Get a smart financial advisor in your 20s, start saving, especially in an economy as volatile as the one at present. IMAGES: ADOBE STOCK

To retire early, every advisor will recommend that you start early, save and invest smartly, so the builtup wealth makes money on itself. But no two people have the same financial journeys or define financial stability in the same way. Begin with what you've inherited: The little nest egg your folks cobbled together, an insurance policy set up when you were born, a Gringotts vault full of galleons, or simply a debt-free adulthood. Here's how to make the best of the hand you're dealt.

Today's spends eat into tomorrow's dividends. So, order Starbucks, by all means, but rethink the must-have designer bag, the glam rental, the five-digit night-out bill and the VIP concert tickets.