Somewhere between Daniel Suelo (he's starting a moneyless tribe in Montana) and Donald Trump (he's trying to convince us that his penis is bigger than his plane) lives the rest of us. If you're not interested in being homeless, but also not showing your net worth as an individual through your possessions, then you according to some claims can retire young. In some cases very young!
There's a growing movement in this country of people who are shunning material possessions, but not necessarily money. They see money not as something to hoard, but rather as a means of freedom. It is a tool for living your life on your terms and not your boss's or society's.
This tool affords you the time and freedom to do what you want, when you want. With that said, this tool is made up of two parts, like the 2 blades of a scissor. On one side, you have assets and the other, you have income, both impact the other. Assets derive income and expenses determine the amount of income needed. The fewer expenses needed the less income that needs to be derived, thus the less assets you'll need.
Look at this way, if you are able to cut $100 a month out of your budget, then at a 4% withdrawal rate, you will need $30,000 less in assets to maintain your lifestyle (1200/.04).
Awesome right?! So how do I get there? Here are a number of websites and books to get you started. According to these money messiahs, depending upon your financial standing, you should be able to retire in 5-10 years.
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