24th Sep 2013, 07:20
I would find this hard to do with a family with 2 children. Forgo day care and find free ways to watch my children etc.
Being extremely frugal loses quality of life, just to retire a few years earlier. Drive and enjoy something nice and keep your health up. And work a few years, vs stagnate and scrimping with little monthly income after the early retirement My uncle worked full time with 2 part time jobs always on the go. Did everything cheap and still dropped dead at 56. I balance my time to do some of everything and have fun.
21st Sep 2013, 10:57
You can do the same with real estate and flipping cars. My parents had an auto repair business. Started buying cars for under 500, and flipped them up and up and up. They were for sale from the moment I turned the key. Kept a townhouse, rented it and started from there. After capital gains, the profits bought some nice cars. Doing this since 30 has never deprived the household. Just was wondering how a Prius purchase would have made a huge difference in what I missed at retiring at 40. Some risk is involved on our direction, but the rewards were great. You have to live somewhere and drive something. Make that work for you and buy some new ones being reviewed on Car Survey. It's a nice resource as well, and I use it.