Can you really retire early? Saving a ton of money now and/or building a business could make retiring early a reality!
Jason Fieber from DividendMantra.com and Kraig Mathias from CreateMyIndependence.com share their stories of saving tons of money so they can retire early, really early!
Saving for retirement in non-retirement options
Jason and Kraig are debt free and have a lot of money in savings. If they were to follow Dave Ramsey’s Baby Steps they would be in Baby Step 4, Investing 15% for retirement.
However, they are saving money in non-retirement accounts so that they can stop working sooner. In our interview they share stories about being in debt and making the choice to completely revolutionize their future.
Jason Fieber from DividendMantra.com
Jason was featured on the Today Show (watch the 8 minute video here). His goal is to work hard, invest most of his income, and build a portfolio that will provide him with an income stream that will support him when he is 40. He hopes to stop working in order to travel and be a philanthropist while his stocks pay him dividends as income. You can find out more about him at http://DividendMantra.com (Click here for the article mentioned in this episode)
Kraig Mathias from CreateMyIndependence.com
Kraig Mathias worked for 6 years to save up 5 years worth of living expenses. He recently quit his job and is pursuing some small business ideas. A couple years ago he started blogging at http://YoungCheapLiving.com, has since transitioned to http://www.createmyindependence.com and is now creating http://HowToUseMint.com.
The Chasing Financial Freedom podcast
Kraig and Jason have started a podcast: The Chasing Financial Freedom podcast is about escaping the rat race to spend time where it really matters. They share their passion to the microphone through discussions about why financial freedom is worth sacrificing for and the challenges that accompany living below your means.
UPDATE: The podcast has since been retired. Kraig has started a solo podcast called the Create My Independence podcast. Jason has been a guest on two shows already.
Can You Retire Early?
Whether you decide to build a portfolio of dividend-producing stocks or quit your job to start a small business, the first step Jason and Kraig took was to live on less than they makes. They eliminated their debt and started to learn more about saving and investing wisely.
Learn how to get out of debt and make wise investing decisions. Let me know if I can help you learn more about how money really works and how to pay attention, not interest.