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Top 5 ways to retire early
INFORMATIVE
Tags: How to retire early
Retiring Early is a elusive goal. See how to make it happen
| 1. | Start saving early - use the power of compound interest by saving as early as you can for your retirement. |
| 2. | Think about taxes - Decide based on your current income if it is more beneficial to save in a pre-tax or post-tax retirement account. |
| 3. | Create a Passive Income - create income that involves little or none of your time to maintain and collect for your future (rental income, advertising income, vending). |
| 4. | Max it out - Put as much as you can afford into your retirement. You may suffer now, but when your friends are working 10 year more than you, you'll be glad you did it. |
| 5. | Make it Automatic - Automate your savings so you won't have the option to spend it. If you are like most people, this is the most important step you can take. |
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