Many people today are wondering if they will ever be able to retire. Being able to retire is all about saving money. There are a lot of ways to save extra money each month, and some are more painful than others. For example, you could stop eating (which I don’t recommend), or just stop eating out (this could also be very painful for some), or you could disconnect the cable TV (possibly life changing). Well I’ve figured out an expense cutter that is real slick (wink, wink). All you need to do (in addition to your other savings strategies) is simply shave your head! That’s right! I’m not just trying to promote my own shaved head lifestyle, I’m talking about real extra money in your retirement savings account.
If you shave your own hair at home vs. going to the hair salon/barber each month, you’ll save at least $15 (assuming your a man). Add to that the cost of shampoo, gel, hair spray, mouse, hair dye or whatever other hair products you use, that’s another $5. So if you save an extra $20 per month for 20 years, and it grows at 7% per year, that adds up to $10, 418. That’s nothing to laugh at, even if you do have a funny shaped noggin.
So maybe the shaved head is not for you (although your wife might like it). But there are tons of little ways we can all save extra each month. And little bits of savings add up to big numbers over time. Here’s a chart showing what you could accumulate if you save these amounts, and grow them at 7% per year:
| Saved Per Month | 20 Years | 30 Years |
| $20 | $10,418 | $24,399 |
| $30 | $15,627 | $36,599 |
| $50 | $26,046 | $60,988 |
| $100 | $52,092 | $121,997 |
OK, so I don’t REALLY think that everyone should shave their heads. I just wanted to get your attention. What I do think is that everyone can find one or two ways to save a little extra money each month. And whether you put it towards retirement, or college, or that ski condo you’ve always wanted, you’ll be glad you made the sacrifice in the end. It’s never too late to start saving!
But in case you are interested in joining the hair-free ranks, there are some cool specialty razors out there like the HeadBlade from www.headblade.com
If you have a money saving tip that others might enjoy, please submit it below in the Reply section.
Have a great day!
0 thoughts on “Shave Your Head & Retire Early!”
I’m Laura Ashley’s husband. Your article’s timing couldn’t be better…..Laura shaved my on labor day. Now when people ask me why I did it, I can say it’s part of my retirement plan…A reason I hadn’t even considered.
Thanks
Daren Ashley
Daren, you are obviously a money savvy person! Welcome to the shaved head club, it’s great isn’t it? Thanks for your comment.
I haven’t paid for a haircut since 1974, but I’m not going to shave my head, just have my wife or one of my girls cut it. If they goof up, it will grow back. We have basic cable….@ $14.00/mo, I haven’t watched TV since 1998 except when I’m stuck in a hotel room or someone comes to watch a ball game. This also frees up time to accomplish good things. That still doesn’t put the money in the bank. You have to save or invest wisely.
That’s right Keith. If you don’t put the money away some place where you can’t easily get to it, it will disappear into thin (h)air! Thanks for the advice.
mark, this will ensure I DON’T RETIRE!
do you have stock in http://www.headblade.com ?
Bill, you might be surprised how great a shaved head really is! And no, I do not own HeadBlade stock, nor do I buy their razors…too expensive 🙂
Sure, you save $10,418 although you spent $15K on those expensive razors!! 🙂
That’s right, don’t spend the saved money on something else or it won’t work. I guess I should not have promoted those HeadBlades 🙂 I really don’t use them…but I’m sure they work fine.