After completing college, everyone wants a good job in which they can earn a lot of money and get their life set. But this is not easy in today’s times. Some people get packages worth lakhs of rupees, but due to inflation and expenses, they are unable to save. Software engineer Tanner Farl is an example for such people. At the age of just 29, Tanner Farl is earning a salary of $135,000 i.e. about Rs 1.25 crore every year. At this young age, he has earned so much that he has planned to retire at the age of 35. Despite earning so much money, Tanner Farl is very miserly in spending. After knowing his expenses, you will also learn to save.
Tanner Farl, a resident of America, and his wife Isabel have saved $380,000 i.e. more than Rs 3 crore at such a young age. They intend to save $625,000 i.e. about Rs 5.23 crore in the next 6 years. After this, both of them will retire. They will not work. Both of them have adopted strange methods of saving at such a young age. Tanner Farl said, I really do not like to buy anything. Whenever I have to buy something, I get worried. When people have money, they have problems in spending it. But it is the opposite with me. I do not like to spend at all.
buy second hand sneakers
You will be surprised to know that despite earning so much money, Tanner Farrel got the sofa and patio furniture for his house for free from a website called Craigslist. He buys second-hand sneakers for himself every year. He has invested half of his salary in the stock market. He has kept only $26,000 in a health savings account so that he can use it whenever needed. By keeping money in these accounts, he has saved more than $75,000 so far.
Told how to save money
According to the Daily Mail report, when he was asked how he saves so much, Tanner Farrell said that he has been like this since childhood. For him everything seems like a gift. That’s why he never runs after a big gift. He said, whenever we wanted something, we had to spend our own money to buy it or wait till our birthday or Christmas. In 2017, both of them bought their first house. But when the money fell short, they rented out the ground floor. Next year, they bought another house. They rented it out as well. Tanner Farrell said, people think that they never have enough money, but it is not so. This thinking is the cause of destruction. You have money all the time. Even if it is less.
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FIRST PUBLISHED : July 21, 2024, 21:53 IST
