“Retired in 2013 at age 33. Life is Good”
Would you like to or would have liked to retire at 33?
Of course, the folks who claim to have saved tons of money in a few years, retire young and then live off their investments are mostly as phony as a $3 bill.
Many times they don’t have children and have a lifestyle that most people would not accept, but hey, that’s a choice.
Collectively they are known as the FIRE movement (Financially Independent Retire Early) The thing is many, if not most, have another source of income. They promote themselves, write blogs (that actually make money unlike the one you are reading), write books, consult or have part-times jobs or a spouse does.
Here is a quote from the Root of Good blog. I guess life is good when you can get others to pay your bills. Remember this family has $2,600,000 in the bank and brag how they pay very low or no income taxes.
Healthcare/Medical/Dental – $135:
Our 2021 healthcare premiums are $135 per month [a family of five] thanks to very generous Affordable Care Act subsidies that we receive due to our low $45,000 per year Adjusted Gross Income. The benefit of being “poor” on our tax return.
We decided not to renew our dental insurance for 2021, so there are no recurring monthly dental insurance payments. Instead, we’ll just pay cash for our routine cleanings and exams throughout the year.
February was a good month for our finances. Our net worth went up $36,000 to end the month at $2,580,000. Income of $6,967 significantly exceeded our spending of $951 for the entire month of February.https://rootofgood.com/february-2021-early-retirement-update/
If you want to know how they did what they did (or claim to as I’m skeptical) check them out here.