Saving for retirement is expensive really expensive. At some point I’ll put up some of my better FI hacks. Shows the shockingly simple math behind how to make early retirement a reality quicker. I’m nowhere near FI at the moment, but I will be ) - oh, and I don’t consider any of my tools to be frivoulous, its all about priorities. I definitely could have been a less conspicuous consumer and shaved many, MANY years off my retirement goal, but I think we all find our place in FI when we’re ready… and I wasn’t really ready until I discovered the Choose FI podcast - and Episode 38 in particular: 038 | The Why of FI Once out of the house and employed I made my fair share of frivolous purchases, in part possibly as rebellion against the stingy Dad (?), but I was still also saving money, prioritizing debt repayment, keeping credit cards clear and house hacking before I knew what house hacking was. My parents now have the most enviable, relaxed and rewarding retirement I could ever hope to replicate and I’ve become very grateful for those early lessons now that I’m mature enough to appreciate them. My father was notoriously cheap growing up, which in my younger years meant some embarassing moments when waitstaff were left tip-less on the rare restaurant outing, family cars were at least 15 years old (and reupholstered with fabric held on with binder clips) and all repairs were accomplished in-house with string, glue and hoarded scraps of everything (which coincidentally spurred my love of making). I was working in the financial industry as an equity analyst at the time, and while I hadn’t specifically been living/or adhering to all of the FI principles, I wasn’t that far off. So, assuming an average savings rate of roughly 10 per year, you can expect a working career of around 51 years. Money Mustache’s Blog when this seminal post was published in 2012 “The Shockingly Simple Math Behind Early Retirement”. Using MMM’s shockingly simple math behind early retirement, savers can begin to understand the relationship between their savings rate and the length of their working careers. I had been aware of the Financial Independence/Retire Early - or FIRE - community for years, specifically reading Mr.
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