Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Japan Man Had Rice, Energy Drink As Dinner For 21 Years To Save For Retirement
    Investments

    Japan Man Had Rice, Energy Drink As Dinner For 21 Years To Save For Retirement

    July 23, 20242 Mins Read


    A Japanese man lived an extremely frugal life for over two decades to save money for retirement. He wanted to save 100 million yen (US$640,000) to retire early. After landing a steady but demanding job in the early 2000s, the 45-year-old man who wishes to remain anonymous started his savings strategy, as per a report in South China Morning Post.

    The business where he worked encouraged people to work overtime, often past midnight, and continually taught that “only by working hard and doing overtime can you achieve future happiness.”

    The man, whose yearly salary was approximately five million yen (US$32,000), made a careful strategy to save 100 million yen as soon as feasible in an attempt to live financial independence and retire early lifestyle.

    He paid 30,000 yen (US$190) a month in rent and used furnishings and appliances for more than 20 years while residing in a company dormitory. He ate very little and his usual dinner would be a bowl of rice, some salted veggies, and a sour plum. There were times when dinner was nothing more than an energy drink that he got with free points from convenience stores.

    After his microwave broke, he started eating sweet potatoes all year round, cooking them on his colleague’s car’s windscreen in the summer heat. He also never used a heater or air conditioning, preferring to warm up in the winter by doing squats and cool down in the summer with a damp T-shirt.

    After working for the company for 20 years and 10 months, he eventually declared on social media that he had saved 135 million yen (US$860,00). His way of living also served as an inspiration for writing a book on money-saving advice, which brought in extra income, as per the outlet.

    He got a microwave so he could eat hot meals, and he now serves himself four boiled eggs every breakfast. His happiness was short-lived, though, as he recently revealed that the fall of the yen since the start of this year had caused a significant reduction in his savings. “If the yen keeps depreciating, I’ll never achieve financial freedom. What have I been working for these 21 years? It’s all meaningless, so tragic,” he said.

    Featured Video Of The Day

    Top Experts Break Down Union Budget 2024 With NDTV



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Long-dated euro zone bonds sell off; Trump slaps on tariffs

    Investments

    CPP Investments to provide $225 million in funding for Ontario data center

    Investments

    Apple plans to ‘significantly’ grow AI investments, Cook says

    Investments

    Act fast, avoid pitfalls: Winning property tactics

    Investments

    Clark posts over P1B in investments from Jan-July

    Investments

    What’s best for your retirement planning?

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Property

    Dunn vs. Bailey in 2024 election

    Cryptocurrency

    7 Benefits of Liquidity Providers in Digital Currency Markets

    Precious Metal

    Ghana Fights Gold Smuggling, President Mahama Launches Task Force | Firstpost Africa

    Editors Picks

    Silver Bullet Mines en hausse de 8% grâce à la mise à jour de la mine Super Champ en Arizona -Le 07 mars 2025 à 17:22

    March 7, 2025

    BMO Capital Markets conclut un accord avec la SEC concernant son bureau d’obligations d’agence, un fonds de 40 millions de dollars établi

    January 13, 2025

    Cross-border digital currency platform may debut soon

    May 8, 2025

    OVO Energy announces ‘critical’ update that will benefit millions of UK customers

    July 29, 2025
    What's Hot

    CEI Africa mobilise jusqu’à 8,6 millions $ pour étendre un mini-réseau solaire au Kenya

    March 22, 2025

    DIRECT. Amstel Gold Race : Tadej Pogacar part en solitaire, Remco Evenepoel lancé à sa poursuite

    April 20, 2025

    Windtree Announces Plan For Cryptocurrency Treasury Policy

    June 3, 2025
    Our Picks

    La municipalité de la région de l’Est met fin aux contrats de stationnement conclus avec Batic Investments and Logistics Unit -Le 06 mars 2025 à 16:47

    March 6, 2025

    Do You Know Which Alternative Investments Are Beating the Market?

    January 21, 2025

    MPs’ property portfolios: Christopher Luxon sells investment houses, politicians with overseas interests

    May 18, 2025
    Weekly Top

    Metros where you can get a home well below asking price across the US

    July 31, 2025

    Top five fintech deals in Africa in H1

    July 31, 2025

    New Cryptocurrency Releases, Listings, & Presales Today – GAIA, RHEA Finance, Snorter

    July 31, 2025
    Editor's Pick

    New FAO project to boost agriculture trade between Zimbabwe and Mozambique

    April 21, 2025

    INTERVIEW: Hungarian refiner MOL eyes non-Russian crude contingencies

    October 11, 2024

    Why I Keep Buying More Shares of This Amazing 5%-Yielding Dividend Stock

    October 20, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.