To start off today’s article, I would like to present the following two characters for your consideration.

Character M

A software engineer by profession, M has built up a sizable egg nest. He did so by being extemely brutal with his spendings. At the age of 30, he choose to turn his back in corporate life and opted for early retirement.

M is a master saver. He buys his groceries in bulk, hates cars and gets around on his bicycle. Last year, within his household of himself, his wife (who also retired early) and his homeschooled nine year old, they spent a grand total of 25k (on the back of a $400k passive income).

If I had to use three words to describe him, the words would be frugal, frugal and frugal. He is frugal not because he has to, he is frugal because he chooses to. With his family, ...