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URL:  https://boards.fool.com/cut-these-expenses-add-500k-to-retirement-34161193.aspx

Subject:  Cut These Expenses, Add $500K to Retirement Date:  3/19/2019  5:20 PM
Author:  intercst Number:  92491 of 96356

I know this will upset Hawkwin, but it's very relevant to Retirement.

A big reason I was able to retire before age 40, was that I had a high wage job as an engineer in the oil & gas industry, but lived in a city (Houston, TX) where you could rent a comfortable garden apartment with a pool and a tennis court for $500 or $600/month. Treating real estate as an expense to be minimized rather than as an investment, allowed me to plow a much larger percentage of my gross salary into the stock market where I received much higher investment returns.


The Top 3 expenses for most people are Housing, Food, and Transportation. There's often a lot of low-hanging fruit to cut.


Cutting these expenses can add $500K to retirement savings, study finds
https://finance.yahoo.com/news/cutting-expenses-add-500k-ret...

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intercst
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