1. Track every expense.
2. Save 20 to 50% of your income.
3. Buy the smallest house you can tolerate.
4. Buy only used Honda cars -- or none at all.
5. Dedicate yourself to smart investing.
For some people, adhering to 2 and 3 simultaneously may result in this
I see the living room on the left, bedroom on the right. The realtor referred to it as "green" housing.
I love that on the bedroom roof it says "you are here.com"
Note the large garage door right behind the house. He must have some great cars.
I realize your photo is tongue in cheek, but it's not that far from the truth. Go look up the small house movement, where people live in tiny homes as small as 200 square feet. They are truly independent.
Practicing Frugality so as to maximize savings is key.
They saved money can then be used for investment.
Saving money and keeping it from getting 'unnecessarily spent' is essential.
Generally we give too much emphasis on return on investment.
But saving money and keeping it locked is more important.
If locked money can multiply faster, its an added advantage.
My 2 personal favorites are (1) dividend yielding mutual funds or REIT (2) real estate. These investments ensures both long term capital appreciation and short term income.
I think you're on to something there, promisem. Although I think 20% is way too low for that goal.
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