Financial independence is attainable with extreme frugality from "summary" of Early Retirement Extreme by Jacob Lund Fisker
Financial independence can be achieved by embracing extreme frugality. By living below your means and saving a significant portion of your income, you can accumulate wealth and achieve financial independence much earlier than the traditional retirement age. This requires a mindset shift away from consumerism and towards intentional living. Instead of focusing on material possessions and keeping up with the Joneses, you prioritize financial freedom and long-term goals. Extreme frugality involves cutting back on expenses in every area of your life, from housing to transportation to food. By minimizing your spending and making conscious choices about where your money goes, you can increase your savings rate and accelerate your journey towards financial independence. This may involve making sacrifices and foregoing luxuries in the short term, but the long-term benefits are well worth it. One of the key tenets of extreme frugality is simplicity. By simplifying your life and reducing clutter, you can free up mental space and physical resources to focus on what truly matters to you. This may involve decluttering your belongings, streamlining your routines, and eliminating distractions that do not align with you...
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