Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

5 Expenses To Cut to Reach Financial Independence (and 3 NOT to)

Jun 2, 2025

Discover how to achieve early retirement without sacrificing the joys of life. The conversation highlights essential trade-offs, revealing which expenses to cut for financial freedom and which ones to keep for personal satisfaction. Learn about balancing luxury travel with budgeting, and the importance of investing in quality of life through thoughtful purchases like high-speed Wi-Fi and family experiences. Enhance your well-being while navigating your financial journey, all while aligning spending with your core values.

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ADVICE

Cut Food Costs by Cooking

Cooking at home can cut food costs by 50% to 75%.
Be aware if dining out is for convenience or experience and adjust accordingly.

ADVICE

Monitor Subscription Services

Check all subscription services regularly to avoid paying multiple or unused accounts.
Use budgeting apps like Mint or Rocket Money to track subscriptions easily.

ADVICE

Balance Car Costs and Safety

Avoid over-optimizing car expenses at the cost of safety—pay for maintenance or upgrade if necessary.
Buying cars in cash simplifies finances despite not always being optimal financially.

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Retiring early doesn’t mean cutting out everything you love, it means being intentional about what truly adds value to your life. In this episode of Root Talks, we take a closer look at the spending choices that can either delay or accelerate your path to early retirement.

We explore which tradeoffs are worth making, where small changes can have a big impact on your timeline, and why some expenses are still worth every penny. This isn’t just about saving money—it’s about aligning your spending with your values, your future goals, and the life you actually want to live.

Advisory services are offered through Root Financial Partners, LLC, an SEC registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. We do not provide tax preparation or legal services. Always consult with your CPA or attorney regarding your specific situation.

Viewing this video does not create an advisory relationship with Root Financial. We only provide advisory services to clients under a written agreement. Investment strategies discussed may not be suitable for everyone. All investments involve risk, and past performance is not indicative of future results. Any opinions expressed are as of the date of recording and are subject to change.

Comments left on this video reflect the views and opinions of the individual commenters and do not necessarily represent the views of Root Financial Partners, LLC. Comments should not be considered a testimonial or endorsement of our services and have not been solicited or compensated. Root does not verify the accuracy of comments and is not responsible for their content.

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Ari Taublieb, CFP ®, MBA is the Chief Growth Officer of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.