The Kaderlis were 36 years old when they set their savings goal of $500,000. That’s when they began eliminating unnecessary expenses to set aside more money in savings. “We started investing every penny we could,” Billy said.
Akaisha said that it wasn’t that difficult for them to cut their spending because neither one of them was a big consumer. Plus, they had a strong motivation not to spend. “We were being pulled forward by the dream of being able to travel for long periods of time,” she said. “We were thinking, ‘I’d rather be doing that than what I’m doing now.’”
Over two years, they managed to build up $500,000 in savings through investing and the sale of their home and restaurant, and in January 1991, at the age of 38, they quit their jobs.
Making wise financial plans for retirement is essential if you want to enjoy your golden…
Fees can mean big profits for many financial institutions, so it’s no surprise that many…
If you want to guarantee a happy, stable retirement, it’s important to start saving —…
Living in a city can be expensive, with everything from rent to the average grocery…
If you’re wondering, “How much do I need to be rich?” the answer depends on…
Believe it or not, housing is actually becoming more affordable in a variety of…