But seriously... I want to retire at 45. Any $$$ saving tips? Please and thank you.

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Reddit/Financial Independence & Mr. Money Mustache. I prefer the former, but good knowledge from both. check out the Reddit page, trust me.

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Don't live in NYC, SF, or another big city. You can do this consultant thing from any mid sized city and save bank on rent and Mortgage

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24k in total expenses per year??? I pay 50k for childcare alone.

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Live near Detroit, my mortgage is 385 for a 15-yr fixed. I rent out one of the bedrooms for 450 and we split utilities 🙌🏻

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My SO and I are both planning on walking away from work the day I turn 45 (if not sooner). I'm focused on building savings and investing in index funds and he reinvests all of his $ in rental properties. We're already bringing in almost $9k in rent/month with about 400k in the bank/market (although majority is in retirement accounts) and we still have 14 years til I'm 45.

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I echo pwc 1. Eye opening info on reddit

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Live in midsize city, save aggressively. Move overseas to low cost area on retirement (Chile!)

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Should be very doable. I save about 65% of my income, and with just 3% salary increases, 3% inflation and 5% investment growth, I'm projecting a 41-42 financial independence date. If you're frugal enough (roughly $24k in annual expenses a year), it's absolutely doable.

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I take a vacation every 6 months (on average), largely funded by points and churning. It's a major east coast city. I pay $1200 rent. I try to stay in cheap airbnbs. I generally save per diem specifically for this purpose.

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^ill admit I don't have kids, which definitely helps and which my model doesn't account for (I'm a bit under 30). But in any case, the point is that financial independence before 50 is very doable on our salaries.

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Live in Cleveland. My rent is $500 a month.

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OP how old are you now?

.

28

Save. A lot. Start at 22. Invest well. Start a company of your own. Sell it. Get a little lucky.

Otherwise, plan for 52 or so.

What city Accn? And how often do you travel the world in personal time/dime with those low expenses?

Good deal, D5

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