Another thought. Think of the big picture goals OP.
Aim for 25X in your early 40s (only works if you have high income and relatively low fixed costs). Once you reach this milestone, you can continue working and spend more too, knowing you have been a smart saver and spender.
I never tracked my spending or savings closely. I think if I did that and actually understood what multiple of expenses I had saved, it may have motivated me to do a ‘bit’ more. It’s worked out ok for me, but measuring more diligently may have been even better. Enjoy the ride! (that’s the most important thing)
Aim for 25X in your early 40s (only works if you have high income and relatively low fixed costs). Once you reach this milestone, you can continue working and spend more too, knowing you have been a smart saver and spender.
I never tracked my spending or savings closely. I think if I did that and actually understood what multiple of expenses I had saved, it may have motivated me to do a ‘bit’ more. It’s worked out ok for me, but measuring more diligently may have been even better. Enjoy the ride! (that’s the most important thing)
Statistics: Posted by Wannaretireearly — Wed Feb 12, 2025 11:20 pm — Replies 30 — Views 2192