Thoughts of Extreme Savers

Last update on: Mar 14 2020

Forbes.com has a new e-book in which it interviewed extreme savers to learn their secrets and methods. This article summarizes some of the key points of the book. It’s interesting, even if you don’t want to go as far as these people do, many of whom are retired or plan to retire before 40.

“Saying ‘I want to save 20%’ doesn’t mean anything. Why do you want to save money?” Cait Flanders, 30, learned the importance of having goals when she went through a major decluttering and put herself on a one-year shopping ban. For instance, it’s harder to skip your morning coffee just for the sake of having $500 more in the bank every year. Rather, think about that $500 as a short-term sacrifice in the name of a long-term goal.

bob-carlson-signature

Retirement-Watch-Sitewide-Promo
November 2020:

Congress Comes for your Retirement Money

A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.
X
pixel

Log In

Forgot Password

Search