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By Jonathan Chevreau
MoneySense.ca today is running my column on Extreme Early Retirement from the November issue. It looks at the phenomenon championed by super-frugal savers like Mr. Money Moustache and Jacob Lund Fisker of so-called Extreme Early Retirement.
The idea is to be self-sufficient, do without, live in a small home, eliminate frivolous purchases like cars or furniture and save like crazy for five or ten years: and we’re not talking the typical savings rates of 10 or 15% of a paycheque: more like 50% or more.
Frugality to a Fault?
