Reported 2 days ago
A viral TikTok video by Freddie Smith suggests that teens can retire with $4 to $5 million by following a five-year savings plan that emphasizes early investment and compound interest. The strategy involves working part-time in high school and full-time afterward while living rent-free at home. While the math appears favorable on the surface, challenges such as job availability, expenses, and varying family support raise questions about the feasibility of this approach for many teens.
Source: YAHOO