Lifestyle

A 36-year-old New York lawyer who makes $270,000 says he lives off rice and beans so he can save 70% of his salary. He’s part of a growing movement of pinching pennies to retire early.

A Manhattan corporate lawyer earning $US270,000 a year told Suzy Weiss of the New York Post that he lives on rice and beans so he can retire early. He’s one of an increasing number of millennials trying to join the so-called FIRE community, Weiss wrote. Successful early retirees have told […]
A 36-year-old New York lawyer who makes $270,000 says he lives off rice and beans so he can save 70% of his salary. He’s part of a growing movement of pinching pennies to retire early.
Lifestyle

Two world travellers who retired at 31 as millionaires say there’s a ‘dark side’ to early retirement. Here’s how they tackled the 3 biggest downsides.

There’s a “dark side” to early retirement, according to Kristy Shen and Bryce Leung, authors of “Quit Like a Millionaire.” People typically have three common fears about retiring early, they said: running out of money, loss of community, and loss of identity. By employing specific savings strategies, attending conferences and […]
Two world travellers who retired at 31 as millionaires say there’s a ‘dark side’ to early retirement. Here’s how they tackled the 3 biggest downsides.
Lifestyle

Mini-retirements can help prevent burnout, but returning to the workforce afterward can be tough. Here’s how to pull it off, from 4 people who have actually done it.

Returning to the rat race after a mini-retirement can be intimidating. Before taking a mini-retirement, you should make sure you’re good at your job and talk to your boss about opportunities for returning or working part-time. You should also leverage your contacts during your mini-retirement and consider working for yourself […]
Mini-retirements can help prevent burnout, but returning to the workforce afterward can be tough. Here’s how to pull it off, from 4 people who have actually done it.
Strategy

7 surprising expenses people don’t expect when they retire, according to experts

Retirement is more complicated than many people realise. There are several unexpected expenses people face in retirement that they hadn’t planned on, from surprising healthcare costs to “grey divorce.” Here are seven surprising expenses people don’t always expect when they retire. Visit Business Insider’s homepage for more stories. The basic […]
7 surprising expenses people don’t expect when they retire, according to experts
Markets

7 signs you might not have enough money to retire

Retirement takes a lot of planning. If you’re still paying off debt and putting off saving for retirement until later in life, retiring may be further away than you like. You may also need to delay retirement if you’re putting all your eggs in one basket. Relying on just Social […]
7 signs you might not have enough money to retire
Markets

A best-selling author who popularised the idea of financial independence 20 years ago says the purpose of retiring early is not to focus on yourself

People usually retire early in hopes of living a better life than the one they had while working. However, early retirees shouldn’t be focusing on themselves during early retirement, according to best-selling author Vicki Robin – they should focus on servicing the greater good. Research shows that altruistic behaviour can […]
A best-selling author who popularised the idea of financial independence 20 years ago says the purpose of retiring early is not to focus on yourself
Markets

5 people explain how their life unexpectedly changed after retiring early

The reality of early retirement doesn’t always match up with the perception. While early retirement offers a sense of freedom, there are also some unexpected elements that early retirees need to adjust to. This mostly requires a shift in mindset: Dealing with an identity crisis and new sources of motivation, […]
5 people explain how their life unexpectedly changed after retiring early
Markets

Many people who retire early prefer to spend their money the same way

Many early retirees prefer to spend their money the same way: on experiences. To them, experiences provide more value than things, which take up space and create short-lived excitement. Experiences can take shape in the form of travel, hobbies, caring for family, and passions. In the world of early retirement, […]
Many people who retire early prefer to spend their money the same way