This guy retired at 31 by living off $7000 a year. His "typical" meal is described here:
http://earlyretirementextreme.com/how-i-live-on-7000-per-year.html
Id rather enjoy my life and food and retire later on. He must have been a misery
This guy retired at 31 by living off $7000 a year. His "typical" meal is described here:
http://earlyretirementextreme.com/how-i-live-on-7000-per-year.html
Id rather enjoy my life and food and retire later on. He must have been a misery
Id rather enjoy my life and food and retire later on.
Sainsburys had a good scheme of their own before they ditched it in favour of the generic Nectar. It was called Reward (yes, I know the name's been used more than once) and it worked like this - go round the store and in each aisle typically 2 to 4 items would bear a notice stating that, if you bought it using your Reward card, you'd get 50,100,200 or whatever extra points. If you bought judiciously you might find you'd got £8 or £9 worth of points on a £50 shop, which could be converted into £2.50 vouchers - suffice to say I spent a lot more in Sainsburys twenty years ago than I do now.
What about those "offers" from electrical retailers that give you some of your money back. For example, buying a £799 laptop and then getting £100 back. Is this a great deal? This is not really any different to Clubcard or Nectar. You pay a higher price to start with to enable them to give you some of your money back later.
I saw one of those wonderful offers recently in the awful PC World and then, while looking around John Lewis in Exeter, found the exact same laptop cheaper than the 'discounted' price PC World were offering
Then, John Lewis is 'never knowingly undersold' so if the PC World was in the Exeter area they'd have to match the price. By the way, Exeter being 100 miles away for me but the John Lewis there being my nearest, how comprehensive a department store is it? I might just pay a visit one Sunday, combining with a couple more things en route, if it's a proper one. I only ask because I believe it's on the site of the former Debenham's, and that was by far the worst Debs I've ever been in.
What about those "offers" from electrical retailers that give you some of your money back. For example, buying a £799 laptop and then getting £100 back. Is this a great deal? This is not really any different to Clubcard or Nectar. You pay a higher price to start with to enable them to give you some of your money back later.
Beware that some of those deals do not offer you "cash" back. The discount would be in the form of a prepaid Mastercard, for example, or other such cash equivalent.
Sainsburys had a good scheme of their own before they ditched it in favour of the generic Nectar. It was called Reward (yes, I know the name's been used more than once) and it worked like this - go round the store and in each aisle typically 2 to 4 items would bear a notice stating that, if you bought it using your Reward card, you'd get 50,100,200 or whatever extra points. If you bought judiciously you might find you'd got £8 or £9 worth of points on a £50 shop, which could be converted into £2.50 vouchers - suffice to say I spent a lot more in Sainsburys twenty years ago than I do now.
3) We use our own carrier bags - 1 point per bag used - which can boost the point numbers especially with cheap but bulky items.
We always convert the points used into vouchers for partner deals rather than use them in the supermarket - they can be worth up to four times face value and we've ordered days out, jewellery, meals tokens, National Trust membership and hotel weekends for free. I'm going to renew my Senior Railcard this way too - this is real money saved.
Hope this is helpful.
But how much later on? If you retire at 31, you have several decades where you can do whatever you want while you are still young. Stating the obvious, retiring later means working longer, and a lot of people would rather work as little as possible. The question everyone should ask themselves is, "Would I do this job if I didn't need the money and I wasn't getting paid?"
Most people toil until retirement age because they don't know how to manage money and they have been indoctrinated that happiness comes from the acquisition of material possessions such as houses and cars and by living a consumer lifestyle. The author of that blog was like a normal western consumer until his mid-20s, but after he did the sums he realised that if you avoid falling into the consumer trap and spend your money far more efficiently, you can retire in a few years.
I still do whatever I want so I don't see your point - we have holidays around the world and the UK, we eat well , we go out, see friends and do every thing that we want to do as well as holding down a job.
I actually enjoy my job funnily enough and it pays me to do all the above and more. Being frugal and living on 9p tins of beans sounds bloody depressing just so you can spend 30 years doing nowt but watching the telly.
I only shop at Harrods
Nectar was born out of Sainsbury's Rewards, and indeed is implemented using Sainsbury's IT systems.
Just noticed 500 Nectar points can be exchanged for £5 off a trip on the Orient Express with a maximum redemption of 10,000 points per booking :roll:
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The founder of Air Miles purchased the reward schemes for Sainsburys, BP* and Barclaycard and merged them in to one generic scheme branded Nectar. Debenhams also joined the scheme initially but hadn't previously had their own scheme. It was purchased by Groupe Aeroplan (now Aimia) in 2009.
Having worked on projects for Nectar in the past I know that Nectar hold all the personal information you provide when you register a Nectar card. Sainsburys are unable to update that information and unless you opt in to receive offers from Nectar partners Sainsburys won't even have access to your email address or postal address as a result of you having a Nectar card. If you do opt in to receive offers from Nectar partners then you could be contacted by a range of companies not just Sainsburys.
* I think BP had an unusual scheme whereby you collected points at BP but redeemed them at Argos but you couldn't collect points at Argos or redeem them at BP.
I used to get mailshots from them with coupons which were often useful: with Nectar I get nothing other than a quarterly statement
You have to register on https://mycoupons.sainsburys.co.uk/ for those kind of offers at Sainsburys now but they aren't personalised on your spending habits like the ones Tesco quite often send out to Clubcard holders are.
People who retire early do so because they want to do other things with their short time alive than go to work. If you read the guy's blog, he has done a lot of different things. There's a lot you can do that doesn't require spending lots of money. If I recall, I don't think he even has a TV.
People in developed countries have been conditioned from an early age that they need to earn a middle-class wage and spend it all sustaining a middle-class lifestyle. They are "consumers". They don't know why they do it, they just do it without thinking. It doesn't even lead to improved happiness, so what's the point? The blog teaches that if you spend your money more efficiently than the average western consumer, and learn how to do simple tasks without needing to pay other people to do them, than you can live a comfortable, happy life without needing lots of money. People who feel that they need to earn lots of money experience worry about the possibility of losing their job. Even if you are working, being financially independent is a great feeling, because you know that it doesn't really matter if you lose your job as you don't need the money.
Again, would you continue to do your job if it was unpaid and you didn't need the money? If working is "your thing", then if you don't need the money you have a lot more jobs available to you if you don't need to be paid for it. For example, you could campaign full-time for something you care deeply about.
I've not noticed anything on there that's better than double for a while.... Is there anything current?