hey guys!
i've lurked mmm's site for about 6 months now (seriously, it's one of the best things i've ever found on the internet), and i feel like i'm only now beginning to digest the information and philosophies contained therein. in other words, the principles this site is based upon have finally begun to sink in my brain.
these expenses are (monthly totals):
rent: $1,600
food: $800
shopping: $70
utilities: $120
cell: $180
gas: $180
personal care: $100
health/fitness: $70
other: $100
total: $3,220 ($38,640/yr)
i live in hawaii (born & raised). you guys would not believe the rent here. i don't have any debt, but i also do not have any assets. i'm looking at purchasing another rental property or two this year (i already have 2), as well as opening a portfolio with both vanguard and lending tree/prosper (although i have to admit, i'm in a bit of a quandary with regards to figuring out what ratio of my total overall income i should put into each).
i actually think i don't have to change much of my lifestyle in order to 'retire' soon, but does anyone have any tips? i know i spend a lot on food, but i really don't have the time to cook (which should change once i don't have to work anymore...).
sincerely,
m