How Much Do You Need To Retire Early?

How much do you NEED to live your Ideal Life? Well it really does depend! We always start with the question: "What do you want your Ideal Life to look like?"

Once you know what that looks like, you can calculate how much it takes to live that Ideal Life. For example, if you have a fancy house and car, like to travel all around the world, and buy expensive things, your life needs a LOT more money than someone who likes to be at home in a small condo, cooks at home and only travels for a long weekend once in a while. The first family might need a $300,000/yr income and the 2nd family might only need $50,000 per year. It's all up to you and what you want.

You don't need that "six-figure" income if you manage your money well and are clear about how you want to live. Both of us have designed our Ideal Lives around what is important to us. Jason and his wife live an amazing life on less than $60k. Mike and his wife live a fantastic life traveling around the world on a whopping $20k-$40k per year.

What's the secret?

Step 1: Pay Attention and have a clear vision for your life

Step 2: Get organized with your money

Step 3: Get out of and stay out of debt (we have less expenses because we don't have ANY debt)

Step 4: Spend extravagantly on what's important to you and cut deeply on what's not important to you