If you want to know how to do it, just follow these steps. Afterwards, there will be an ice-cold G&T and a lazy afternoon of reading.The show’s financial experts estimate that you need a nest egg equivalent to 25 times your annual salary to retire in your 40s.Jason and Julie’s goal was always to set themselves up with the all-important ‘residual income’ — one which continues to come in ‘even if you are on a beach in Goa’. Their East Midlands property is still rented out, netting them a healthy yearly yield.
The gym memberships that were never used were cancelled. Pretty much overnight they became high earners living a frugal lifestyle.
‘And our outgoings, even while on the road all the time, are now £15,000 a year, so we are still managing to put some money away,’ says Jason.
‘I know it wouldn’t be the lifestyle for everyone, but for us it is the dream.’Interestingly, it’s not just high earners for whom early retirement is possible. Yet for several years they have been managing to save £14,000 a year. By becoming what the programme calls ‘super-savers’.
It was all working towards one goal — getting our living costs down as low as they would go.’This is, the programme insists, the Holy Grail for anyone who wants to retire early.
If you want a scatter-cash lifestyle then you will pay for it — in years at work.