If you want to retire early, the most important advice you need to hear is to begin planning today. And by reading this article, you’re taking an important first step toward turning off your 6 am weekday morning alarm forever.
First, you need to define what “early” is for you. Is it age 55 or 65? Then you need to consider what retirement will cost for you.
These are important questions, and they’re best answered with a holistic retirement and financial plan. It will help determine where you are today and illuminate a path to early retirement and beyond.
Traditionally retirement has been defined as retiring from a regular job, to do something else. A lot of people retire from a job because they don’t like it.
Redefine your idea of retirement, and get clear on what you are retiring to, not what you are retiring from.
Many people have side hustles to help them make extra money. You could use the side hustle money for several things, including allowing you to retire early. The extra money earned can help you increase your savings goals.
If you want to retire early or retire at all, the best tip I can give is to make sure you’re investing your money. Many people think investing is for rich people making a lot of money. But really, investing is for everyone, no matter how much you earn.