I was recently sent this article on Forbes.com that I read in a feverish frenzy. Retiring young seems completely unattainable for my generation. For recent grads - those nearing 30, the idea of retiring someday is itself a miracle that only a few of us will achieve. And that has a lot to do with our spend-happy culture and our need for everyday luxuries. The real brain-blaster in all this is the fact that not only is this spending NOT making us happy, but it is probably contributing to being less happy in the future.
The figures brought to attention in this article may make your jaw hit the floor. Do you realize that seemingly small weekly Starbucks expenditure contributes to tens of thousands of dollars/decade?! This eye-opening interview gives us a starkly realistic view on holding debt and spending needlessly. And what we're missing out on. What a lot of this early retirement stuff boils down to is your grandmother's banal advice "a penny saved is a penny earned"
Yep, you better read this!
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