The fundamentals of personal finance are pretty simple: spend less than you earn, save the rest, invest in low-cost index funds, and always consider the costs vs. benefits of your actions. A while back, Jacob at Early Retirement Extreme put a fresh spin on the consequences of “spend less than you earn and save the rest” that I found irresistibly compelling.
If you live off of X% of your take-home pay while saving the rest, you can take (100-X)/X years off of work. Ignore the algebra for now and take a look at some examples below.
There are no posts. Why not be the first to have your say?
We are a young, married couple at the beginning of a unique and exciting journey in lifestyle design. At only 24 years old, a r…
Our resort borders the small town of Abreu. West of Abreu is Rio San Juan, the fishing village which we wrote about previously, and east of Abreu is Cabrera.
Three days on Isla del Sol, in Lake Titicaca; natural beauty and Inca legends
Differences in daily life between Canada and Peru
Iquitos: the largest and most popular jungle destination in Peru
Madrid's Festival of San Isidro has morphed from a religious procession to a full scale arts festival