"To most people, "retiring early," means 55. But to Jason Fieber, that's too long to wait.
Everything Fieber does is with one goal: Retiring well before he hits the big 4-0. Fieber, a 30-year-old service adviser at a car dealership in Sarasota, Fla., even moved to the Sunshine State from his Michigan home, in large part to live in a state without income tax. The sunnier climate has a side benefit, too, in that it allows him to more comfortably use the bus to get everywhere without a car. By keeping costs down, Fieber, who earns $50,000 a year, is saving 60% of his net income each year and has saved more than $100,000 in three years. He figures he can bank more than $400,000 by the time he's 35. That's plenty for him to retire on, he figures, since he only spends $15,000 a year."
Source : https://www.usatoday.com/story/money/personalfinance/2013/03/26/extreme-early-retirement-30s/1997363/
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You can’t go from broke to rich in a single step. There’s no magic fairy who will suddenly transform your financial life for you. You have to do it yourself.
Stage 0: Financial Dependence
Stage 1: Financial Solvency
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