Look for expenses that you don’t really use that add up to a lot over the course of a year. Then cancel them and put that money towards your retirement savings. Think: streaming services and subscription boxes. Also, comparison shop to find the best prices on recurring expenses such as car insurance, which most people overpay for. Michelle recently saved her mom more than $1,600 a year on car insurance by switching plans—and without losing any benefits.You can only cut your budget by so much.
From power grid outages in Texas to once-in-a-century pandemics, it’s never been more important to have an emergency fund so that a medical misfortune or natural disaster doesn’t destroy your finances. Having this money set aside can help you reach early retirement because you won't be forced to resort to taking on high interest rate debt to get by. I recommend having at least 3-6 months of expenses saved in an emergency fund.
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Source: Forbes - 🏆 394. / 53 Read more »
6 Secrets For Getting Rich Enough To Retire EarlyAs part of her blog, Making Sense of Cents, which gets more than 300,000 views per year, Schroeder-Gardner reveals the tips that she and her husband used to pay off $38,000 in student loans in just seven months, maximize their income and, of course, quit the workforce. my secret BitcoinZ HODL chuuut.... Pay yourself 1st is the best advice i can give... Step 1: Have rich parents Step 2: Breed and Repeat
Source: Forbes - 🏆 394. / 53 Read more »
6 Secrets For Getting Rich Enough To Retire EarlyAs part of her blog, Making Sense of Cents, which gets more than 300,000 views per year, Schroeder-Gardner reveals the tips that she and her husband used to pay off $38,000 in student loans in just seven months, maximize their income and, of course, quit the workforce. 1. Be born as a White person? 😏
Source: Forbes - 🏆 394. / 53 Read more »