The couple retired in 30 years and now travels the US on their trailer - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

The couple retired in 30 years and now travels the USA on their trailer

The couple was able to postpone retirement in 30 years and now travels all their time.

Steve Adcock wasn't always frugal. “In my 20s and 30s, I was one of those people who needed nice cars, big houses and expensive things,” he writes on his blog ThinkSaveRetire.

He earned good money, but he still put off a little for retirement. In 2014, Steve and his wife, Courtney, decided to double their retirement savings to retire early.

They began working to set aside a maximum, rather than spending the bulk of their money on maintaining their lifestyle.

In December 2016, Steve left his IT career at the age of 35 years and retired. Courtney was able to retire early in April 2017 of the year.

Soon after, the couple left Tucson, Arizona, to travel the country in a 9-foot Airstream van. Their lifestyle is “no longer dependent on any source of income,” Steve writes.

How could a couple retire early

  1. They found out how much money they need to live in retirement.

This is a common first step among early retirees, who not only think about what their future lifestyle will look like, but also calculated how their expenses will change.

Then Steve and Courtney used the “4% rule”. The rule states that in most cases you can safely withdraw 4% per year from your savings account. For security purposes, Adkoki plans to spend about 3% of their savings annually.

  1. They tracked their expenses and then reduced them.

As soon as the couple had an idea to retire earlier, they seriously began to reduce their expenses. For this, we started tracking all purchases in a spreadsheet. Excel.

“We know exactly what we spend... and on what,” Steve writes. “Knowing where our money is going is critical to maximizing our savings and identifying where we could possibly cut costs.”

For example, Steve loved to eat in a restaurant at work. Having decided to reduce costs, he refused to lunch at a restaurant, which allowed them to save enough money.

 

  1. They sold out the property

The couple sold most of their property, including a house with an area of ​​148 square meters with a swimming pool. Instead, they bought a trailer Airstreamwhere they live since April 2016.

Savings were significant. Steve bought a trailer for cash, so they do not suffer from mortgage payments. In addition, "there is no property tax." The couple also sold their cars. Corvette convertible 1999 years and Honda Ridgeline.

They now spend about $30 a year. Their biggest monthly expenses are fuel and medical care, which costs $000 per person per month.

  1. They saved up 70% of their income.

By reducing daily expenses, the couple was able to defer to 70% of their income, which ranged from $ 200 000 to $ 230 000 per year.

While these two have earned enough money, the rule of their success comes down to learning how to spend less, and not trying to earn more.

  1. They made their money work

The couple didn't just save a ton of money, they made it work. “Simply saving won't make you richer,” says Steve. “It’s certainly a good start, but it needs to be invested to become rich.”

Read also on ForumDaily:

How immigrant pensioners live in New York

What kind of pension will I receive in America

What benefits can you expect in the US

What you need to know about retirement in the US

How to retire in 35 years

Miscellanea In the U.S. pension
Subscribe to ForumDaily on Google News

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis. 



 
1086 requests in 1,297 seconds.