This blog is not an “extreme early retirement blog” or a “live extremely frugally to the point of uncleanliness blog”, nor is it a “get rich quick blog”.
My wife and I save between 50-60% of our income, which by many frugal standards is "weak", but I am here to tell you that you can have a comfortable life, living in a big city and still achieve your financial goals. Everyone’s situation is different; your starting point today is not going to be the same as anyone elses. It is up to you to adapt my fundamental strategies and instinctive money management tricks to help you shovel piles of cash into your money room.
I am Jony the creator of Save Money Retire Early. I have spent my life up to now instinctively saving as a means to a greater happiness. I was raised in Vancouver, Canada, where I went to school, got my first job, and met my wife. For the last 4 years, I have lived and worked in Toronto, Canada in the finance industry. After studying economics and finance, practicing my skills in the workforce and adapting to living as an adult outside my parents home, I've learned a thing or two about saving money.
I have vivid memories of saving as a kid, opening my first bank account at the Royal Bank of Canada (Leo account!), updating my bank book for pennies of interest. Buying Canada Savings Bonds with my much older cousin as she cashed out her 20-year bond for what seemed like a massive gain. And eventually growing up working my first full-time job at an insurance company. I remember my coworkers were always impressed with my spending and saving habits, telling me to teach their adult kids how to save. At the time I never really thought twice about it. I thought everyone saved like me, though after a few years out in the work force I saw I was different.
At the time I never really thought twice about it. I thought everyone saved like me, though after a few years out in the workforce I saw I was different.
Why do I save?
I save because I believe there is something of great value in having a big pile of cash sitting in my hypothetical money room. That something is freedom of choice. The choice to retire, travel, buy nice things most people only dream of, or work on interesting projects or hobbies. What you choose to do with your savings is your choice.
Why have I started this blog?
There is a huge inequality of service in the financial services industry. People with money get all the attention when it is the people with little money or no money that truly need the help.
The majority of the population gets stuck in the middle class or lower, working an average job until they are 65 years old and taking their pension from a company or government or both at the end.
This is not what we do here at Save Money: Retire Early, I promise you in 10 years you will not be where you are today financially. You may not be retired in 10 years, but you will be well on your way and will no doubt see a huge impact of your hard work and conviction!
Most people will not have the conviction or determination to stay the course, but if you can promise me you will look for ways to save every day with every decision, no matter how big or small you will definitely see your money room fill up. I would rather spend the next 10-20 years filling my money room than work paycheque to paycheque for the next 40 years wouldn’t you?
I would rather spend the next 10-20 years filling my money room, than work paycheque to paycheque for the next 40 years, wouldn’t you?
When you understand how to really use money, life becomes a whole lot easier.
Instead of money in, money out, we need to add a step in between called Save & Invest. While most have heard of investment, I fear most people don’t truly understand how investment works and as a result are more likely to have a bad experience with it. Money in, Save & Invest, money out is a simple process adjustment that truly change how you see the game being played.