15 Lessons From Regular People Who Achieved Financial Independence

1. Spend less on highest-cost items

Woman using a smartphone in her car
RossHelen / Shutterstock.com

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:

  • Home
  • Car
  • Food

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.

Need more inspiration? Here are eight ways to save BIG. Or, listen to this podcast interview with J.D. Roth.

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