Fin24 user Robert shares the secret of how he managed to retire at 52, by using the same method.
I am 68, and retired at 52.
I started to work at 14 in Belgium. My grandmother taught me about the envelope (method to save): you take your salary and divide by it by four; then you take your expenses and divide them by four.
You take four envelopes and mark each envelope with a quarter's expense.
If there are five weeks, you take an extra envelope to save overtime as well.
I became the director of a company and until my retirement, I insisted on being paid weekly and in cash.
I am well off today and never had a debt or account in my life except my house, which I paid off over 10 years THANKS TO THE ENVELOPE.
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