You can create the early retirement that you've been dreaming of, but only when you have the finances

to show that you will never run out of money and you develop and maintain the right thinking

and mindset when it comes to this. There are many bad habits out there, but there are a few that I

consistently see that prevent people from feeling really comfortable and confident when it comes to an early

retirement. Today, I'm going to talk about what they are and how you can eliminate them.

Once again, for everyone, if you are new to the show, I am Ari Taoblieb. I am the financial

planner at Root Financial Partners and the Vice President, specializing in an early retirement.

So I want to hop right in today. And number one is you're

looking to cut the wrong expenses. Managing your cash flow is how you win in in early retirement.

Meaning if you want to retire well and you want to have confidence and you want to feel you are

doing everything to the best of your ability, you want to make sure that you're being really

smart with cash flow. Now, a better way to explain that is some people think you need a million

dollars to retire or $2 million or $5 or $10 or a pension. You don't need any of those things.

You need to replace your income. So how do we replace our income? Well, we do that by being wise

with our cash flow. So many times, I'm going to guess here,

you have heard a financial expert or guru say something like, you know, to be successful in retirement,

you need to make coffee at home or make sure to never go out to eat. Now, it could be true in the

sense of, yeah, okay, assume you buy a coffee for five bucks, and you could make it at home for 25 cents. So that's for 75 a day and savings. Assume five days per week, you buy coffee, four weeks a month. Okay, maybe there's 95 bucks a month you could have saved. Now, it's something, but what if you really love going out for coffee, and what if that's just something part of your routine? Is that going to make or break your ability to retire early? Probably not. Now, what if your budget for a new home when you

retire early is something like $700,000, but you end up spending $800,000? So you took out an additional

$100,000 for a mortgage. Well, that extra mortgage plus property taxes likely is going to add up

to more than $700 a month, which is $8,500 a year. Call it for 30 years. Let's $255,000. Now, yes, I'm a financial

planner, so that's how my brain views things. But what I don't want you to do is go, okay, let me cut

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