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here are some steps you can take for financial independence early retirement ( FIRE )
cut down your expenses down the bare minimum .. cut tv / cable , switch to cheaper subscription services like netflix , amazon , hulu
switch from a post paid subscription plan to a pre-paid cell phone plan
do you really need two cars and that big house – it takes up money you know – think about where you can cut down – this will free you
do you really need fancy meals at a restaurant every week ?
can you cut down on your daily expensive latte ? you can always add it later if you can’t do without it
take money and pay down your credit card bills
build an emergency savings fund – this should be at least six months of your fixed expenses -ideal would be three years
keep saving and investing that money in a stock market index fund
once you are upto a good amount , you can see the amount go up very fast ..
put your savings and investments on automatic mode – as soon as your pay arrives , redirect a portion of it to savings and investments
if you can save 50 % or more of your income every month , you will be well on your way
try to get a salary hike , get a side gig to earn more money and invest this money
stay off social media – all they are doing is taking your information and selling you things you don’t need, making you unhappy by saying that you don’t have enough , you need more to feel happy and satisfied – whereas the opposite is true – almost all good things are free – the wind , water , nature , sunlight