One of the best ways to increase your savings rate is to control what you can control – your spending. Here are a few basic pillars of the FIRE movement. Let’s see if you’re up for these:
- Low-Cost Housing
- Buy Used Cars
- Minimize Eating Out
- Use Travel Rewards
- Tax Optimize
- Add Income with a Side Hustle
- Low-Cost Index Fund Investing
Watch the full episode, FIRE: Financial Independence or Fad?