What would you give up to be rich?

Would you live in a tiny shoebox apartment for 10 years, if it meant you would never have to work again afterwards?

What about transport – would you give up your car, and instead travel by bus or bike for a decade, in an effort to save every penny and build your wealth?

That’s what couple Jeremy and Winnie did.


They spent 10 years living frugally and now, aged in their 30s, they’re effectively retired and living off their investment income.

They say they lived in a small apartment in an old building, sold their car, rarely ate out and minimised spending wherever possible, which allowed them to “save a large percentage of our income”.

They were earning a respectable US$135k between them (around AU$185,000 at the current exchange rate), so they were able to invest a decent six-figure sum into the stock market.

Repeat that process every year for 10 years, and that’s well over a million bucks they invested into their early retirement.

“Instead of buying things and services, we learned new skills that reduced our expenses even further. By learning to invest, we turned those savings into a respectable income stream. Now still in our 30’s, instead of 2 weeks of vacation a year, we have 52,” they share.

Now, they spend their days travelling the world with their baby son, living on dividends of AU$5,500 ($US4000) a month.

It sounds great and all, and it probably beats working in an office job you detest.

But I have to say, their journey is not for me.

I mean, seriously: who wants to live off two-minute noodles and catch the bus to work, while darning their own socks and declining after-work drinks to save pennies for a decade?

And all so they could live off a fairly ordinary income stream of $5k per month in ‘retirement’?

That ain’t retiring rich; that’s retiring ordinary.

Plus, it’s got to be said: any retirement strategy that involves travelling on the regular with an infant is flawed. Travelling first class with a nanny and staying in five-star hotels? Well, now you’ve got my attention…

The Meddler

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