This is a terrific post. And though not many people can be expected to save 40-50% of their income but a frugal spending strategy combined with a solid financial plan will help you reach whatever your goals may be.
The journey to financial independence can be a long one. Even if you save 50% of your income (pre-tax), it can take 15 to 20 years to finally achieve financial independence. This is a very long time to live frugally. And let’s face it; saving 50% of your income is living very frugally.
Read More Here: How to Stay the Course to Financial Independence