i’m 28 and i want to retire by 50. what are some of the best tips/advice/suggestions you have received in order to make this happen? the goal is to retire in san diego or italy 😊

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Save like $10M over the next 22 years.

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Buy proactive health insurance to cover the 15 year gap

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Avoid spending anything of your money and have no fun. And pray to God that you don't die earlier so everything was for nothing

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Save and max out 401k, IRA/Roth, and choose a low tax and low cost of living home.

Buy a house you can comfortably afford and look for passive income streams like rental real estate.

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Fire bowl

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Just save $10K a month. By 50 you'll have $6M-$7M. That will let you spend ~$250K/yr in perpetuity which is middle class in san diego

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I’m 40 and on track to do this a year or two later, though in Florida.
My wife and I save a ton, both had full rides to school so no student loans, and we stopped at two kids. We don’t spend much on luxury items, we both drive Honda’s, but we do take some big vacations and figure out how to do it cheapishly. By this I mean we pay attention to cheap flight prices and just go ahead and book. We did a two week road trip through Australia for less than what a week long cruise would have cost because we saw cheap flights and just booked it. Then we use points wisely or apartment rentals instead of staying in the Ritz or something like that.
We had some bad setbacks, eg we both bought houses before we met in ‘05 and ‘07 that we took losses on. But we got back on the path and had some good luck with buying our current house in ‘14 and refinancing to a crazy cheap 15 year mortgage.

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Marry a rich Italian or American.

The biggest challenge is to live significantly below your means to enable you to save a significant portion of your income. I think that would be really challenging. I say that as someone who was always a saver, but I’ve also upgraded my lifestyle as I’be made more money over the years. It’s hard not too!

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