Live frugally
If you plan to retire rich it is essential to adopt a frugal and modest lifestyle during your most productive years. Using coupons while shopping, install a programmable thermostat, cook your own meals, avoid impulse purchases and buy used items — there are a thousand ways in which you can save money in your day-to-day life.
Every dollar you save and invest during your most productive years will pay dividends during your post-retirement years. So, avoid unnecessary spending and instead invest a substantial amount of your monthly income so that you can build a retirement that will last you a lifetime.
