There seem to be a growing number of personal finance blogs touting super early retirement (ie after around 10 years of working). These guys are “living the dream” after “jumping off the debt-powered treadmill” and they’re preaching that you too, you fool/drone/sucker*, can wake up like Neo in the Matrix and realize what a sham this whole consumerist world is.
So what how does this work? It’s so simple I can sum it up in one sentence: You need to be cheap as fuck.
I don’t mean “no more lattes at Starbucks cheap”. To work for 10 years and retire, you need to be “I rotate my bike tires so they last longer” cheap. You need to be “I buy a year’s supply of rolled oats when they go on sale” cheap. That’s basically what every one of these blogs boils down to.
If that sounds appealing to you, go for it. As these guys are demonstrating, it definitely can work. If material possessions don’t really matter to you, if you don’t want to do anything that requires a fair amount of money, or if you’d simply rather focus on something other than the “rat-race” (though don’t forget that being this frugal takes a lot of effort), this seems like a great way to go.
If, like me, you’d rather have your hand slammed in a car door, I just saved you a few hours of blog reading.
*Note that if you are using debt to fuel your $400 a week shoe/gadget/whatever habit, you are a fool.