Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

Thinking of Retiring Early? These Real-Life Tips Can Help You Do Just That

November 23, 2020 · Retirement Life

Downsize

According to Jeremy Jacobson and Winnie Tseng, the writers behind the personal finance blog Gocurrycracker.com., were in their 30s when they decided to play with FIRE (Financial Independence, Retire Early). The couple sold their house and car, moved to a small apartment and started paying more attention to their finances. This move allowed them to save 70 percent of their income or more for ten years and say goodbye to their 9 to 5 jobs while still in their 30s.

Downsizing does have its benefits but also its traps. On that note, check out Downsizing Your Home? Stay Away From These 8 Crucial Mistakes.

A couple reviewing investment portfolios on a laptop while sitting outdoors.
A happy couple reviews a rising growth portfolio on their laptop while sitting on a wooden deck.

Learn to appreciate a frugal lifestyle

Frugality is definitely underrated when it comes to how much it can contribute to your happiness. Many people believe being frugal is the same as being a cheapskate, but the two cannot be more different. Just because you chose to pay attention to your finances and stick to a budget doesn’t mean you’re a cheapskate. It just means you’re more resourceful with your money and learn to approach your finances in a smarter way and become more concerned with value rather than price.

Joe and Ali Olson, who worked as public-school teachers, decided to quit their jobs at 29 and enjoy life more. They are now in their 30s, traveling all over the world, to countries like Spain, Turkey and beyond, living on their savings and profits from their real estate investments and teaching their daughter to be happy with a frugal lifestyle.

Consider becoming a homeowner

Joe and Ali Olson managed to live on about $20,000 a year, invest in real estate and save the rest to turn their dream into reality. Just like in Mr. Money Mustache’s case, the Olsons’ strategy to invest in rental properties paid off and allowed them to become financially independent.

If you’re thinking of taking the same path, consider the one percent rule, a frequent benchmark for real estate investors. The rule says that the monthly rent should be more or equal to one percent of the final price of an investment property.

Make sure you also check out 24 Cities Where Your Social Security Can Pay the Rent.

Pages: 1 2 3 4 5 6

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A warm mid-century gouache illustration of an older couple happily planning a trip to Europe with a colorful map on their kitchen table. The Cheapest Months to Fly to the Most Popular European Destinations
  • An older woman smiling and laughing while talking on her phone at a sunlit kitchen table with a mug of tea. Telephone Reassurance Programs: Getting Paid to Chat With Seniors
  • An older woman at her sunlit dining table organizing paperwork and folders. Supplemental Security Income: Do You Qualify for Extra Help?
  • An older man happily restoring a wooden chair in his sunlit home workshop, symbolizing flexible and rewarding part-time work. 8 Flexible Part-Time Work That Won't Affect Your SS Benefits
  • A retired woman sits thoughtfully at her sunlit kitchen table, reviewing papers and bills with a warm mug of tea nearby. 16 Things Retirees Often Overpay For Without Realizing
  • An older couple stands on their porch during sunset, looking at a moving truck parked in their driveway. Retirees Regret Choosing These 5 States (Based on Cost and Lifestyle)
  • An older couple sitting at a wooden kitchen table reviewing organized tax documents in warm morning light, representing tax planning. 5 Tax Breaks You Can Claim Without Itemizing in 2026
  • An editorial illustration of a retired couple rolling back a rug to reveal hidden wealth and resources beneath their floorboards. The Retirement Benefits Beyond Traditional Checks - Find Them Here!
  • An editorial gouache illustration showing a stylized Social Security card sliced at the top, revealing gold coins inside. Could Social Security Taxes Change Again?
  • An editorial gouache illustration showing stylized hands adjusting a large monthly benefit check with a ruler and compass. The Benefit Rule That Could Affect Your Monthly Check

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

A watercolor illustration of a garden path with signs for retirement ages 62, 67, and 70 under a bright, sunny sky.

6 Easy Steps to Estimate Your Social Security Benefits

Learn how to accurately estimate your Social Security benefits in six simple steps to secure…

Read More →
An active senior couple stands on a wooden terrace overlooking a community vineyard and a modern academic library during golden hour.

8 Retirement Communities With Unexpected Perks

Discover eight innovative retirement communities offering unexpected amenities like university classes, organic farms, equestrian centers,…

Read More →

11 Reasons Why Working Past Retirement Might Be To Your Advantage

You might fall into the trap of believing that retirees are way happier after they…

Read More →
A senior couple reviews financial plans on a tablet in a bright, modern kitchen.

11 Social Security Mistakes That Could Ruin Your Retirement

Discover the most critical Social Security claiming mistakes, from triggering the earnings penalty to miscalculating…

Read More →

9 People Who Fulfilled Their Lifetime Dreams During Retirement

A Belgian man made his dream car out of wood – Momir Bojic’s dream car was…

Read More →

22 Part-Time Jobs If You’re Retired But Full of Life

Move Manager  There’s a job called Senior Move Manager out there, where someone basically helps…

Read More →

Here’s the No. 1 Reason Seniors Work Well into Retirement

A recent poll has looked at the retirement situation in America, bringing to light some…

Read More →

Retiring Soon? Here’s How To Find the Perfect Home in Retirement

Vibrant coastal homes and scenic walking paths overlooking the ocean provide a picturesque setting for…

Read More →

30 Things That You Really Don’t Need as a Retiree

YOUR DEBT The average credit card debt in the United States is around $5,700 but…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.