Frugal Early Retirement

Being frugal should always be top on your list in order to be retire early.

Steps for early retirement

Be very Frugal. Live below your means and don’t pay for anything that you don’t have to.
- Use coupons for everything.
- Ride a bike to your destination or car pool.
- Send your child/children to public school instead of private school. Major money saver here.
- Use credit cards with cash back rewards like Citibank, Chase and CapitalOne.
Save at least 20% of every paycheck. After five paychecks you already have saved a whole paycheck without thinking about it. If 20% sounds like too much, then by all means start by 10% or even 5%.
Learn how to get multiple streams of income. Get another job, start blogging, fix computers or cars in your spare time. Start somewhere and then that whole paycheck can become 100% saved.
Invest for the long term in the stock market and always buy low. Try hassle free methods like investing in Mutual Funds and Exchange Traded Funds (ETF). These help you because you don’t need to buy individual stocks and they are well diversified.