<p>Alan shared an hour of his time to explain how he was able to retire at 35 and lays out the principles by which he lived.</p>
<p>Alan’s three core principles</p>
<ol>
<li>Keep your spending in check so you save a lot - preferably by automating your savings</li>
<li>Seek out ways to increase your income through education, hard work, and challenging careers</li>
<li>Implement a sound investment strategy that keeps fees low and generates high rates of return early on</li>
</ol>
<p> </p>
<p>Alan discusses the merits of going back to school to get a graduate degree. He also explains why living in a low-cost city like Pittsburgh was a boon and how he lost more than 100 lbs after he retired.</p>
<p> </p>
<p><em>THIS EPISODE WAS RECORDED ON SEPTEMBER 30TH, INTERNATIONAL PODCASTING DAY, at the EPICAST NETWORK STUDIOS.</em></p>
<p> </p>
<p><strong>Alan’s Challenge;</strong> Keep a journal of all your expenses for one week and reflect on necessary vs. discretionary purchases. By investing savings in securities generating an average of 10%/year (i.e. total stock market funds), in 20 years, each dollar saved could turn into $7. If you’d rather have the $7, automate your savings.</p>
<p> </p>
<p><strong>Reading Suggestion;</strong> <a href="https://www.bogleheads.org/">BogleHeads</a></p>
<p> </p>
<p><strong>Connect with Alan</strong></p>
<p><a href="https://www.linkedin.com/people/invite?from=profile&key=1407730&firstName=Alan&lastName=Charness&authToken=gqLV&authType=NAME_SEARCH&connectionParam=member_desktop_profile_top-card-primary&csrfToken=ajax%3A6797609833920212544&goback=%2Enpv_AAkAAAAVevIBzbP9X4iSZN6KjailCo*5Fnyb4UKE_*1_*1_NAME*4SEARCH_gqLV_*1_en*4US_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_*1_tyah_*1_*1&trk=prof-0-sb-connect-button"> LinkedIn</a></p>
