...he can retire early. Awesome choice, wish I could do the same.
A Manhattan corporate lawyer earning $270,000 a year told Suzy Weiss of the New York Post that he lives on rice and beans so he can retire early.
He's one of an increasing number of millennials trying to join the so-called FIRE community, Weiss wrote.
Successful early retirees have told Business Insider they stayed on track for financial independence by living on less.
Frugality is the key to building wealth.
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Some people will do anything to escape the rat race.
Just ask Daniel, 36, a Manhattan corporate lawyer earning $270,000 a year, who told Suzy Weiss of the New York Post that he lives in New Jersey to avoid city taxes, lives on rice and beans, owns one patched-together suit per weekday for work, and layers up during the winter instead of turning the heat on — all so he can save 70% of his salary and retire early.
It's working: He's saved more than $400,000 and is set to retire in three years, Weiss wrote.