<< A PRICELESS RETIREMENT http://money.aol.com/fool/investing/canvas3?id=20051130130609990001 By Billy and Akaisha Kaderli Some say it's impossible. Others simply dismiss the notion outright even if they are curious. How do we live on $24,000 per year while traveling through New Zealand, The West Indies, Laos, and other exotic locations? We don't give up luxury, nor do we deprive ourselves. So what is our secret? Our approach is very simple: We have chosen not to dedicate our time and money to support a complicated infrastructure. Over the past 12 months, we have lived in Ecuador, the U.S., and Thailand and also bought a new computer and a digital camera. On approximately $24,000. We have spent considerably more in some years than in others. However, on average, over the past 15 years of our early retirement, our figures have fallen in this range. How is it possible? From the graph below, you will see a listing of categories in which we track our spending, with the percentages based on our actual spending from Nov. 1, 2004, to Oct. 31, 2005. We want to clarify that we do not budget but rather operate from the position that we are not conspicuous consumers. (Keep in mind that the $24,000 is net per year, not gross. This amount reflects our actual spending, not a paycheck amount from which taxes and savings must be drawn.) >> This is an interesting article I came across on AOL. I apologize ahead of time because the couple is not black, but the topics focused on in this article are too important to ignore. The one thing that it should've added though is the importance of PAYING OFF CREDIT CARD DEBT. Even if you're a millionaire, if your amount of debt supercedes your income then you'll never be able to maintain financial freedom. The article also doesn't talk about how important it is to try to pay off your house as soon as you can. So if you have extra money, try putting it towards the principle. Even if it's $100 here, $100 there... it adds up over time. But besides that, I think it brings up some good points on learning how to live well on a small amount of money.