1. Spend less on highest-cost items
If you save 50% on an item, that sounds pretty impressive. But if that item was a bottle of $1 shampoo, you really only kept 50 cents in your pocket.
J.D. Roth from Get Rich Slowly explains that if you want to retire early, you’ve got to focus on your high-cost items. Namely, your:
The average person will spend over $2,000 a month on these categories alone. If you want to retire or retire early, the solution is simple: Spend less. And, you can do it easily by focusing all of your efforts on reducing the big dogs: home, car and food expenses.