Woman, 27, Who Has Already Earned Enough To Retire Shares Three Golden Rules

A 27-year-old who has already made enough cash to retire has shared her three golden personal finance rules - and you’ll be pleased to know that none of them are ‘have rich parents’. You can see her tips here:

Tori Dunlap (@herfirst100k on TikTok) runs personal finance website Her First $100k, and shared a video last year revealing she's already saved enough cash to pack up work, but added she has no plans on retiring any time soon. 

Dunlap, now 27, explained: "I'm financially independent, which means I never have to work a day in my life if I don't want to.

"Here are the three ways that I made that happen and how you can do it too: I started investing as soon as I could. I opened up a Roth IRA and I maxed it out every single year. 

“Now, in my work as a money expert, I always tell people the best day to invest is today, because you didn’t wait to start until tomorrow - you have time on your side. So get started investing if you haven’t or increase your contributions if you’ve already started.”

TikTok/@herfirst100k

Dunlap then shared her second top tip, revealing that when she worked a 9-5 job she made sure to negotiate her salary or ‘job hopped’ if her wages stayed at the same level for too long. 

Third, she recommended setting up a ‘side-hustle’ and then investing the profits.

She said: “This lovely, now global seven-figure business that I own, used to be a side-hustle. I side-hustled in addition to my nine-to-five, which meant that I was able to put away all of the extra earnings that I made.”

Dunlap’s tips were praised by her followers with one person replying: “Goals. One day I’ll be there but thanks for the info to help me cross the finish line.”

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Another commented: “You should lead a masterclass.”

A third wrote: “I’ve subscribed to your podcast and am currently saving to open an IRA. I really admire your confidence. Thanks for dropping these golden nuggets.” 

However, not everyone was on-board with some questioning where the money to invest came from the first place.

One person asked: “How do I invest with no money?”

Another person replied: “How can one invest if one is in thousands of dollars of debt?”

While a third joked: “Cries in low teacher salary.”

Topics: TikTok, Money

Claire Reid

Claire is a journalist at LADbible who, after dossing around for a few years, went to Liverpool John Moores University. She graduated with a degree in Journalism and a whole load of debt. When not writing words in exchange for money she is usually at home watching serial killer documentaries surrounded by cats. You can contact Claire at [email protected]