MyMoney Online, Personal Finance with Warren Ingram, The Money Show with Bruce Whitfield

How to retire (or stop working for money) by the age of 40

Every year since 2013 Bruce Whitfield dazzles listeners with an interview of “supersaver Julia” and her personal financial advisor Warren Ingram, a regular on The Money Show.

(Read: Supersaver Julia is back! Is her - already substantial - nest egg still growing?)

Ingram gave a recap of the nine principles Julia has followed since 2007, and that has her a few short years away from never having to work for money again:

  • Have a clear goal.

  • Aim for a balance between the things you want and the things you need.

  • Focus on the long term.

  • Keep your investments simple.

  • Ignore market cycles, except to buy more when markets are falling.

  • Diversify your investments.

  • Start as early as possible.

  • Don’t give yourself excuses.

  • Stick to your savings goal – hers was 33%, but others could aim for 15%.

For more detail; listen to the interview in the audio below (and/or read “Supersaver Julia is back! Is her - already substantial - nest egg still growing?”).

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This article first appeared on 702 : How to retire (or stop working for money) by the age of 40


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