076 How to Retire by 33 - Anita Dhake, Early Retiree & Blogger at The Power of Thrift

Think you've gotta be rich to retire early? Then you haven't heard Anita Dhake's story about how she was able to retire at 33. Long description: Just to warn you, this podcast interview with Anita Dhake may make you want to hoard all of your money and live as frugally as possible so you can retire early too. From the sounds of it, early retirement does not disappoint. Who wouldn't want to live the life they want right now, instead of waiting until 65 or later? As I mentioned in this episode, I stumbled upon Anita and her amazing story by just doing some research online. And I'm so glad I did find her! Not only is her story super inspiring, how she explains it, it's not that far-fetched. Yes, it helped that she worked as a lawyer and thus made a good salary. But still, early retirement isn't just something rich people can afford to do. If you take some of her bits of advice, maybe check out the book she's read twice, and just have a plan and take action, you might be able to retire way earlier than you thought. 4% Rule Explained According to Investopedia: The four percent rule is a rule of thumb used to determine the amount of funds to withdraw from a retirement account each year. This rule seeks to provide a steady stream of funds to the retiree, while also keeping an account balance that allows funds to be withdrawn for a number of years. The 4% rate is considered a "safe" rate, with the withdrawals consisting primarily of interest and dividends. Anita's Book & Blog Recommendations Your Money or Your Life by Vicki Robin Mr. Money Mustache Get Rick Slowly Anita's Tips to Retire Early Realize what you want with your life. The life you want will determine the amount of money you need to retire early. The less money you need, the sooner you can do it. The sooner you feel rich, the sooner you can live the life you want to live. Limit your vices, and pick and choose to spend money on things that give you joy. Follow Anita on Social Check out her blog The Power of Thrift Like Anita on Facebook Follow Anita on Twitter Connect with Anita on Instagram For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/76