Early Retirement 101 — How Long To Financial Independence?
Richard Reis
1K18

The key to acheiving FI is just living below your means. When I was a 9–5'er, I would spend $10 on coffee and $20 on lunch and $30 on dinner. I was miserable. Living on the cheap now has made me much happier and has given me more time to do what I love (surf, in my case). Everyone has a choice and if you choose to live below your means and save you will save. That’s a fact!

Most will say they can’t live below their means because ..(insert some excuse here). How many of these people that simply CAN’T save anything have iPhones, tattoos, brand new cars, Netflix and HBOgo, eat fastfood all the time, etc.

Of course they look at me like I’m crazy when I suggest they cut a $100+ a month cable bill. Or switch to a cheap cell phone provider like metropcs. Or drive a car that is 3 years old. Or only fill up their tank from the cheapest place according to GasBuddy. Or get $25/month budget car insurance from Insurance Panda. Or cook their own food instead of spending a hundred a week on restaurant food (or far more if they like the bar).