There are a number of reasons a family may need to or want to live off of one income. If you’re in this situation and you’re looking for ways to save more and still be able to invest for retirement, I give you 6 tips in this video that will help you realize this savings goal.

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  1. Budgeting changed my life! This is all amazing advice. Don’t get sucked into the lifestyle inflation of a raise or friends/family that spend a lot. Bill Gates and Warren Buffett are billionaires and they dress super casual and unbranded clothes. They didn’t get rich by being dumb ???

  2. We live off of 50% of 1 income. Only one of us works outside the home and we invest 50% (in pre-tax or Roth accounts) every month. It's easier than you'd think. Our one income is decent, our pre-tax/Roth options are plenty, and we don't really want for much. Simple, minimalist living.

  3. I used to make the mistake of saving 'whatever was left'. Now my employer automatically invests 10% of my income in the company at 15% discount. In top of that, I automatically transfer 200 dollars to my broker to invest together with the dividends from my already owned stocks. I then live on what is left.

  4. Thanks, making a budget is key, as is not trying to keep up with the Joneses.. .And then when you consistently invest in quality companies over the long term, then you can probably eventually rely on your investment income to live off of 🙂 I ❤ investing in companies with quality dividends 🙂


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