I was recently asked by my friends over at Daily Trade Alert to put together a series of articles on how exactly I live so frugally. See, the secret behind my ability to be in a position to retire in my early 30s has been living well below my means. Can’t invest what you don’t have. And you can’t keep what you’re spending. The more you can save, the more you can invest. And the less you spend, the less passive income you need to cover your lifestyle.
This is the first article in the five-part series. The series focuses on real, actionable ideas to save money. And we’re going way beyond just cutting down on the daily latte here. I hope you enjoy!
I’ve lived extremely frugally for years now.
A thoughtful approach to spending has been a key component to the overall lifestyle that has allowed me to retire decades before most people.
If you’re not familiar with my story, I retired in six years on a $50k salary – going from below broke at 27 years old to retired at 33.
But nothing I did is off limits to you or anyone else.
Everything I did (and still do) to save money can be replicated by anyone.
To prove that point, I’m going to discuss five real-life changes I’ve made over the years to my own spending.
Image courtesy of: Sira Anamwong at FreeDigitalPhotos.net.