This quote flips the traditional retirement question (At what age should I retire?) on its head. Instead of that, we should ask, ‘At what income can I retire?’.
If someone has a frugal lifestyle, then it means their expenses are less. The smaller their expenses, the less money they will need to retire. Hence they can get to retirement earlier.
This is why I think Saving is the most underrated yet the most important way to get to Financial Independence. Although Earning more or Investing wisely is also essential, Saving is by far the most impactful of the three areas.
The question isn’t at what age I want to retire; it’s at what income.
George Foreman
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