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The speaker grew up in a frugal household, learning the value of money early on. They struggled with saving as a kid but changed their habits when they started working full-time at 24. They stopped spending on unnecessary items, saved diligently, and made sacrifices like eating cheap meals and avoiding social outings. Eventually, they discovered the FIRE movement, which advocates for early retirement through saving and investing. This revelation led to a shift in their financial goals and habits.