Extraordinary savings ie a 40%-60% savings rate is what you should strive for. By saving at such a high rate, FI/RE proponents aim to retire early and live off small withdrawals from accumulated funds.
Newbies can start saving at 20% or a more rate comfortable. But, there must be progression. Even a 1% increment is good. Simple living involves various voluntary measures to simplify your way of life. For instance, decreasing your belongings or improving self-sufficiency. Being happy with what you already have, and buying only what you need and not want is a form of minimalism.6. Seek opportunities to increase your income
honestly it's a bunch of bull crap
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