“Somewhere around 2011 I had my world rocked by reading Early Retirement Extreme by Jacob Lund Fisker. The most useful concept I took from that book was the huge connection between savings rates and years to financial independence.
A year or so later the popular finance blogger Mr. Money Mustache published a post called “The Shockingly Simple Math Behind Early Retirement” in which he laid out in chart form the connection between the percentage of income saved and the years to work until retirement. That chart is powerful.
Since reading that chart I have shared it with dozens of people to empasize the value of controling the major thing they can control, which is their level of expenses. In today’s show I share with you the details of this approach.”