Millennial retirees travel the world instead of buying a home

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‘We realized that traveling around the world costs about the same as living in one place in an expensive city like New York’

Kristy Shen and Bryce Leung have been traveling around the world since they retired in 2015.

The millennial couple, from Toronto, initially wanted to take just one year to travel, but it’s been four years and they haven’t stopped yet.

“After a year ended, we realized that traveling around the world costs about the same as living in one place in an expensive city like New York,” Leung told FOX Business.

Shen, 36, and Leung, 37, are followers of the F.I.R.E. Movement, which stands for Financial Independence, Retire Early. Followers of the movement spend years saving and investing their money in order to quit their jobs before a more traditional retirement age.

The couple also runs the blog Millennial Revolution and they recently published a book called “Quit Like a Millionaire.”

Before they started following the F.I.R.E. movement, though, Shen said her goal was to do “the thing that everybody else does” — as in, “buy the house, work until you’re 65, retire with a pension.”

However, houses in Toronto were over $1 million and at the same time, Shen noticed that her job as a computer engineer was getting less stable as positions were being outsourced to places like India.

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