Save more, Spend less, invest the difference

Updated: Oct 24, 2019




Just these three things will get you on the path to FI and onto FIRE!


Yes, it's that simple. Save more, spend less, and invest the difference. This seems almost too simple and yet it is the basis upon which we will build our wealth. It's funny that for most of my life this eluded me up until a few years ago. I was always spending more than I made and just kept digging myself deeper into debt. Then I reached a point, much like yourself here searching, a better way to move forward with my life saying," there has to be something better than this". Luckily, for us, there is a better way, It's called FIRE!


"Have an open mind - allow different ideas into your way of thinking." -Peter Diamandis

The Idea of working until I was 65 or more then retiring never appealed to me. I don't like to work, I'm not lazy, just that the things I worked with didn't seem important to me and therefore I was unmotivated. We might be kindred spirits in this sense. Along the same path, searching for these same things, we are members of a different tribe that wants to do and be more in life. We aren't apathetic and lethargic, but want to spend our precious time, energy, and resources the way we want to, and impact the world on a larger scale. It is this very notion that makes us activated and energetic, because, we both know that it is not an easy road to FIRE. Infact, it's more difficult and requires harder work and higher thinking.


The First Steps


You're hungry to get started, you're motivated to do what it takes. I know I was and still am. There are a million places to start and a million things to do. We should start where it will make the most difference. It's time to take a look in the mirror and see for yourself where you are at on your financial journey.


1. Calculate your spending

2. Create a budget

3. Build a timeline for when you want to hit FI (financial independence)


By calculating your spending, you'll know where you are at and how good or bad the situation is, it should be an eye opener. With creating the budget, you'll find out how much you can spend in order to be able to save extra money to invest. If there is no extra money, it's time to figure out ways to create more of it. The timeline will teach you just what it will take in order to reach your goal at the specified time. This one is what we call reverse engineering and could potentially be the most shocking step you've taken so far. By doing these three simple steps, you'll have done more than 99% of the people out there. You're already doing better than them! To bring this all back around: Save more, Spend less, Invest the difference.


Good job for getting this far and good luck!

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