The Shockingly Simple Math Behind Early Retirement

"The most important thing to note is that cutting your spending rate is much more powerful than increasing your income. The reason is that every permanent drop in your spending has a double effect: It increases the amount of money you have left over to save each month. And it permanently decreases the amount you’ll need every month for the rest of your life. So your lifetime passive income goes up due to having a larger investment nest egg, and it more easily meets your needs, because you’ve developed more skill at living efficiently and thus you need less."

Check out this entire (kick-ass) article here: MrMoneyMustache.com

------- [Hat tip to MilesDividendMD who recently stated this article single-handedly changed his life. I can see why - it's pretty good!]