I've saved £100k at 24 & will retire at 40 – here's the 5 bad habits that are keeping you broke you need to quit TODAY

The Irish Sun

6 days ago

WITH the costs skyrocketing, millions of cash-strapped Brits are struggling to put money into their savings - especially the younger generation.
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Mia Rose McGrath has ''almost £100,000 in savings and investments''
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The savvy saver follows a thrifty lifestyle so she can ''soft retire'' a whopping 26 years before her peers
Credit: TIKTOK/@miarosemcgrath
But one woman, who's just 24, has already managed to
Mia Rose McGrath has ''almost £100,000 in savings and investments'' and follows
With more than 143,000 followers on
''Trying to be cool or aesthetic is making you broke,'' Mia shared the brutal truth in
read more on money
In her eyes, forking out for a brand new outfit or spending £38 on the trendy
Reflecting on her own experience, the thrifty fashionista admitted that she used to chuck away cash on this behaviour before she made a key change.
She said: ''I realised I was doing it for other people, not for myself.''
The second mistake that people make, according to money-smart 24-year-old, is allowing themselves to be swept up in trends and fads that turn out to be more expensive than they can afford.
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The saver warned: ''You don't need the latest trending item - a
While she approved of saving up for something ''you really like'', Mia encouraged her followers to be really honest with themselves before making a significant purchase.
I earn cash by selling 'actual rubbish' on eBay - I flogged a freebie I found on the floor by a bin for £10, it's crazy
She added: ''I guarantee if you waited 30 days to buy it, you wouldn't want it anymore.''
The third financial mistake Mia identified in the informative clip ''not saving because you think it's pointless''.
Urging those who are saving none of their income to ''please change that'', Mia argued that ''no matter how small it is'', it's still worth doing.
''I guarantee, if it's £10, £50, no matter how small it is, you're probably not doing it because of that reason,'' she reminded viewers.
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Mia, who has accumulated ''almost £100,000 in savings and investments'' in recent years, claimed that she also started small, even putting money aside when she was relying on a student maintenance grant at university.
She continued: ''I wouldn't have been able to do that if I had that mindset that saving £50 is pointless.''
Fourthly, Mia advised to start a side hustle, telling fellow TikTokers that they're ''not too busy''.
She said: ''Stop using the excuse that you don't have enough time, you just don't want to enough.''
She insisted: ''Whatever it is, creating content, creating a personal brand, making extra money - I've done all those things while at a
Lastly, the savvy saver warned that it's irresponsible to think a ''man is going to sweep in'' and facilitate the ''soft life'' that some people crave so badly.
''Soft life'' is shorthand for a life lived on a person's own terms, usually free from the constraints of a fulltime job.
She added: ''There is so much bad advice on TikTok saying you need to appear in your "soft feminine energy" and go sit at a bar where a rich man will find you...''
Mia said: ''You have to work hard and have your own money.
''Sure, if you meet someone who earns more than you, that's a bonus. Make sure you have your own finances sorted first.''