6 Things You Can Do to Improve Your Financial Picture

Mr. Enchumbao

I work for a large investment management company helping people save for traditional retirement. During my spare time, I help others save for financial independence and early retirement by writing for Enchumbao. My journey to FI began in 2012. I was in a lot of debt back then, but I turned things around and became debt free a few years later. My wife and I reached financial independence in 2017 and are preparing to retire by 2020.

You may also like...

2 Responses

  1. Wellroundedinvestor says:

    several thousands of savings per year will definitely put you ahead.

    I cut my phone bill, I never spend money on trash bag (use strictly grocery store trash bag), share cable, netflix, never pay for brand new card, and share housing were some of my tricks for savings. My co-worker asked me how I can save $100K a few years ago, I said, add if I can save $10K/yr more than him, then in 10 years I get $100K. We’d make the same amount of money, who ever can manage their personal finance the best would be in better financial situation. That’s that!

    • Great tips! We also use the shopping bags as trash bags. Just like the saying goes: It’s not how much you make, it’s how much you can keep. You’re showing them that by cutting on costs you’re keeping more in your pocket and the best part is that you could invest it and get over $38,000 extra at a 7% return. Thanks for stopping by!

Let's get the discussion going! Leave your comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.