Paying off debts, start savings, reducing expenses, getting on a budget, live on half of your income... and the list goes on and on.
What better way to do that then to reach out to actual experts that have devoted their lives to educating and helping people on finance.
We’ve reached out to 100+ personal finance bloggers and ended up with a final list of 42 answers to the question.
What’s your favorite tip (strategy) to recommend to someone who wants to retire early?
They took time out of their busy days and schedules to share their early retirement tip with us, and now we are sharing them with all of you!
Let the scrolling begin!
Yoni Dayan // moneyunder30.com
~Money Under 30 has everything you need to know about money, written by real people who’ve been there. This site was founded in 2006 by David Weliver, who dug himself out of more than $80,000 in debt in just three years.
Start Saving Early.
If you want to retire early, start saving early. I know it sounds obvious, but people often find it all too easy to rationalize overspending. “What’s $150 per month going to get me?” they might say to themselves. “Might as well wait until I can save larger amounts…”
But the truth is that even small savings early on, earning a decent return, can lead to huge savings down the line.
So save early. Even if you think the amount is insignificant – I promise, you won’t regret it when you’re ready to retire.
Nick Maggiulli // ofdollarsanddata.com
~Nick Maggiulli (pronounced Ma-Julie) uses storytelling and data analysis to provide valuable financial insights. Nick currently live in NYC where I am an Analytics Manager for Ritholtz Wealth Management
Make sure you know what you want to do AFTER you retire.
Make sure you know what you want to do AFTER you retire. You may think you want to sit on a beach all day, but you will likely get bored. Having purpose and passion in life is important always, so make sure to consider WHY you want to retire early before doing so. You may just run into an existential crisis. Check out the book "How to Retire Happy, Wild, and Free" if you want to think more about the non-monetary side of retirement.
Kelan & Brittany Kline // thesavvycouple.com
~Kelan & Brittany Kline are entrepreneur & teacher super team extremely passionate about personal finance and living a life of freedom! They do this by providing unique content that will help you take control of your finances, improve your lifestyle, and most importantly find your happiness in life.
Cut expenses drastically
If you are wanting to retire early you need cut expenses drastically, live well below your means, and increase your income as much as possible. The bigger gap you can make between living expenses and income the faster you can invest and save enough for early retirement.
Rachel Ritlop // theconfusedmillennial.com
~Rachel is the founder of #TCMillennial. She's a multi-passionate millennial who loves helping others embrace who they truly are while figuring out this whole "adult" thing. On her blog, you'll find all things #adulting like: real talk, tips for professional development, and so much more!
Live below your means and pay yourself first
My favorite tip to someone who wants to retire early is live below your means and pay yourself first. The thing is, retailers aren't going to help you retire. Get in the habit of paying yourself first by moving money towards your financial goals before you start shelling out for other expenses. This gives you an opportunity too to see if you really "need" all the things you may be rationalizing as needs or if there's space to cut those costs down too. Doing it this way also ensures you're capping your flexible spending (dinners out, entertainment, shopping). Most people do the opposite - they spend how they want to and then whatever is left over they put towards savings. This way you prioritize your goals and then whatever is left over you put towards your lifestyle. If you do that and avoid lifestyle inflation as your income grows you'll be setting yourself up to retire sooner rather than later.
Tanja // ournextlife.com
~Our Next Life is a chronicle of their journey to early retirement and beyond. Our Next Life hope you’ll join their community of planners and dreamers, all of us working to save up for early retirement, get out of debt or just forge a path in life that’s different from the norm.
Don’t just think about the numbers and spreadsheets.
My best advice is: Don’t just think about the numbers and spreadsheets. Think about your actual life. How will you derive meaning and satisfaction? What will make you look back and feel proud of the life you lived? How will you stay healthy? What will fill your time? If you can answer those questions AND you hit your number, then you’re good to go. 😉
J. Money // budgetsaresexy.com
~Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz.
Figure out how to be happy with less
Figure out how to be happy with less! There's so much we consume on a daily basis purely out of habit than anything else, so if you can get used to being more *mindful* with everything you do/spend you'll be primed and ready to go when it's FIRE time... The less you need to live off of, the less you need for retirement!
Jeff Proctor // DollarSprout.com
~DollarSprout.com is a personal finance blog sharing ways to earn extra money, make smart financial choices, and of course, teach you the best saving hacks around.
Find a way to vastly accelerate your earnings
My favorite tip for people looking to retire early is to find a way to vastly accelerate your earnings. Simply saving 20+% of you normal salary is likely not enough. You need to find a way to multiply your money outside of a normal job.
For many people, that means investing regularly and building up a solid portfolio. My preference, however, is to start a business. The ROI there -- if you are successful -- is so much higher than most investments you can make in the stock market.
Brian Meiggs // mymillennialguide.com
~My Millennial Guide is a personal finance site dedicated to providing high-value, money-saving tips and advice to help pay bills, grow wealth, and achieve goals.
Read Rich Dad, Poor Dad
I would recommend reading Rich Dad, Poor Dad by Robert Kiyosaki. This is a must read if you are looking to get into wise investments and retiring early. This book explains the mentality of the poor and middle class, who work for money and sacrifice their time, to the wealthy class, that work hard to learn new things and gain time in the process. This book stresses the need for financial independence, which needs to be achieved fast, in order to avoid the rat race of corporate life. Read it here.
Kevin // financialpanther.com
~Kevin is an attorney, sharing economy expert, and the blogger behind Financial Panther. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer. He started this blog to share all he knows about personal finance, travel hacking, and making more money by side hustling.
Avoid lifestyle inflation
My favorite tip, by far, is to avoid lifestyle inflation. Live like a student for as long as you can, because once you start upgrading your life, it gets much, much harder to go back to living on less. The less you need to be happy, the less money you need to live, and the earlier you'll be able to retire and do what you want to do.
Rob Erich // aricheryou.com
~A Richer You’s goal is to share everything you need to know about money, simplified. They are developing a resource that you can visit and find the answers to any of your financial questions. They are also advocate for a Universal Basic Income (UBI) to eliminate poverty in America — and they are giving away 25% of what they make to their readers!
Save 50% of your income
Do whatever you need to do to save 50% of your income. Pick up an extra job, live with family or friends, lower your standard of living. If you can save 50% of your income for 20 years, you'll be ready for a comfortable retirement.
Katie Welsh // chainofwealth.com
~Chain of Wealth was created from what started as a simple conversation between Katie and Denis about finances. “We created Chain of Wealth to document Katie’s Debt Payoff Story and as a way to inspire others to do the same.” Katie has a phenomenal debt story (which you can read here). Katie blogs about her progress and interviews people who have an inspiring story to tell.
Pay off all debt as soon as you can
If I were to give any advice about retiring early, I would say to pay off all debt as soon as you can. Then put those payments to saving and investments and watch the wonders of compounding take effect!
Jim Dahle // whitecoatinvestor.com
~Jim Dahle is a practicing board-certified emergency physician 12 years out of residency. Although he's always been interested in personal finance and investing, he really started diving into the field mid-way through residency. You can read the “origin story” for this blog if you want the gory details.
Save a lot of money.
Save a lot of money. The earlier you want to retire, the less of your nest egg that will come from compound interest and the more of it that will need to come from brute force saving.
Alexis Schroeder // fitnancials.com
~On FITnancials, you’re going to learn how to become the best you. Whether you’re working on building your income, paying off debt, or living healthier, you’re in the right place.
Learn about retirement planning and start saving for retirement immediately.
Learn about retirement planning and start saving for retirement immediately. Many people procrastinate educating themselves because retirement planning can seem so overwhelming and intimidating. I recommend learning about retirement and investing from YouTube videos, articles, and books for easy learning.
Jamie Griffin // mrjamiegriffin.com
~Jamie is committed to helping your family get out of debt and start living your debt free life. Come join the hustlers who are in the trenches, doing whatever it takes to be debt free. You’re not the only one. Let’s get it done together.
Get on a consistent budget.
If you're trying to retire early, you need to get on a consistent budget. When you know how much your income and expenses are, you get a better picture of how much money you'll need to cover expenses in early retirement. A budget is a great tool to get you on track, prioritize your financial priorities, and keep you moving toward your goals. Getting on a budget is one of the first steps of early retirement.
Lisa // madmoneymonster.com
~Lisa and her husband started Mad Money Monster to help other people just like them. Up until a few years ago, they weren't making their finances a priority and needed a reboot. After that, their wealth started to skyrocket. So if you're looking for inspirational stories and advice to live your best life, check out Mad Money Monster!
Accounting for all the uncertainties in life before pulling the plug
My #1 tip for someone who wants to retire early is to make sure they're accounting for all the uncertainties in life before pulling the plug. Taking an extra 6 months or even a couple of years to get to early retirement could make a world of difference in their bottom line and peace of mind.
Jaymee Sison // smartwomanblog.com
~Jaymee is a Registered Nurse by day and a personal finance blogger by night (well, so to speak!). Contrary to popular belief, Jaymee believes that you can be financially responsible and create your dream life today.
Know what your number needs to be
If you want to retire early, know what your number needs to be. How much income do you need to bring in every month, or year, you need to live on. Once you have this number, it’s easier to figure out what you need to do next to get there.
It’s also beneficial if you got rid of consumer and student loan debt before thinking about retirement. The only exception I’d say would be mortgages on rental properties as probably the only acceptable debt.
David Merkel // alephblog.com
~David Merkel is an investment professional, and like every investment professional, he makes mistakes. David encourages you to do your own independent "due diligence" on any idea that he talks about, because he could be wrong.
Don’t retire early.
The simple advice is: don’t. Don’t retire early.
The complex advice is: Have a plan for alternative fun work you want to do that is flexible, maybe paid, maybe volunteer. Be aware: long retirements can be boring. We were never designed to rest for 30 years, and many economic calamities may befall the best-laid plans of a long retirement. Be sure you have things to do that keep you mentally sharp, and capable of bringing in some cash if needed.
Also, remember that with the high amounts of debt in the culture, it is possible that some politician may come along to wipe out the debts through inflation or default (call it a year of jubilee). Realize that some of your assets must survive those threats… which is difficult to do, so again, maybe don’t retire early.
ERE Jacob //earlyretirementextreme.com
~ERE is a set of principles that are based on a systems theoretic approach to “lifestyle design” allowing each individual to create their own robust strategy to a flexible lifestyle that is resilient to economic shows and which meets all needs and reasonable wants while minimizing ongoing costs and effort.
Live On Half Of Your Income
From the time you made your first dollar, get used to living on half your income and save the rest.
Jason Fieber // mrfreeat33.com
~Jason Fieber became financially free at 33 years old by working really hard, living well below my means, engaging in strategic entrepreneurship, intelligently investing, and using geographic arbitrage to my advantage. Jason currently lives in Thailand, where I'm making my early retirement dreams come true. Jason writes and coaches so that he can help others make their early retirement dreams come true.
Make sure you really want it.
Make sure you really want it. Because it's difficult. If it were easy, everyone would be doing it. But if you're willing to do what it takes and put in 100%, amazing benefits await you on the other side of FIRE.
Richard W J Brown // thepropertyvoice.net
~The Property Voice was started & developed by its founder, Richard W J Brown, as a curated, property news feed service and now extends to insightful knowledge sharing and insights via a blog, podcast, magazine articles and books. Richard is also a full-time property investor, developer and consultant, who has more recently diversified his investment interests into other asset classes.
Use matched company pension contributions
The sage advice is to put away as much as you can, for as long as you can, starting from as young as you can…and that’s the simplest plan. However, many of us didn’t listen to that advice and so we did not do that did we? So, to play catch up (i.e. starting later or with less), we then need value-adding and leveraging strategies in order to boost our pension pot. In this case I suggest using matched company pension contributions to maximise leverage from both the company and the tax man within a traditional pension. A company pension with employer contributions and tax credits is still a very compelling way to make your money work hard for you. However, in my favourite space, which is property, an alternative is to ‘force the appreciation’ by adding value to a property, recycling the resulting equity gain through refinancing (leverage), then rinse and repeat to increase the compound effect of doing so. If you are really smart…you will do both!
Moneychimp // moneychimp.com
~Moneychimp seeks to be the most coherent, logical, useful and accessible financial education resource on the face of the earth.
Establish alternative source of income
It's good to establish an alternative source of income - selling a product online, or making monetized YouTube videos, for example. That way, the transition to retirement won't be so abrupt. Retirement can be an evolution, rather than the end, of the productive part of your life.
Luxe // theluxestrategist.com
~Luxe's goal is to share with you her personal finance journey in hopes of inspiring you to own your money, instead of letting it own you, regardless of income. She'll detail exactly how she manages her money, how much she spends on luxury items, and most importantly, how she can save money AND have nice things in a place like New York City, which seems uniquely designed to make you fail hard at personal finance.
Hold off on lifestyle creep for as long as possible
Your ability to retire early depends on your expenses, so hold off on lifestyle creep for as long as possible. Once you've had a taste of luxury, it's really hard to downgrade. You have plenty of time to live alone, or buy a new car, or splurge on fancy things.
Robert // howwetrade.com
~HowWeTrade has a professional trading group. HowWeTrade teaches you strategies that we use everyday in our trading to profit consistently. HowWeTrade have an experienced group of traders providing decades of experience in stock market trading.
Generate passive income sources
Do you want to retire early? Make sure you have a plan first. Even if you have 1 million dollars in your bank account, that doesn't mean it's going to last forever. The best thing you can do is to find ways that generate passive income. This type of investment can generate income for years, without you doing anything (or almost anything).
Buying stocks, mutual funds and index funds are the best way here. If you have absolutely no idea about these, then you can simply go with an S&P500 index fund.
You should never have more than $100.000 in your bank account, because the interest rate is almost 0.
Binary Options Australia // binaryoptionsaustralia.com
~The #1 Binary Options Trading Guide for Australian investors. On this website you will find tips, strategies, and the best Australian Binary Options broker reviews.
Track your expenses
If you are not a multi-millionaire but you still want to retire early, I have a good tip for you.
First you should scale down your expenses. Make a list with everything you spend money on. If you have that list in front of you, you will see that there are many things that you don't actually need. Find a few things that you can live without. Second, find things that are unimportant to you and focus more on things that are important. Track your expenses as much as you can.
Every penny saved, will bring you close to your big goal: early retirement.
Len Penzo // lenpenzo.com
~Len is an electrical engineer who is currently employed in the aerospace industry. Len started his blog in December 2008. Len always had a strong disdain for debt, which is why he has been practicing sound personal finance management since he graduated from high school many years ago. Using money I saved working as a teenager and throughout college, he was able to fully pay for his own education, room, and board, without the benefit of any loans.
Gain the skills to get a well-paying job
Gain the skills to get a well-paying job; after all, it’s harder for fry cooks to quickly build a retirement nest egg than doctors, dentists, lawyers, accountants, engineers and investment bankers.
Harry Sit // thefinancebuff.com
~ Harry Sit and his wife are both immigrants and came to the US in their 20’s with only a few hundred dollars in their pockets and no other family members in the country. Today, they are on track to be able to retire in their 40’s. Neither of them is a doctor, a lawyer, an investment banker or a corporate executive. They never had any rental property or inheritance. They are just doing it the hard and boring way: earning a salary, saving, and investing.
Focus more energy on increasing your income
Focus more energy on increasing your income than nickeling and diming on your expenses. Frugality on every little thing day in and day out is counter-productive.
Millionaire Mob // millionairemob.com
~Millionaire Mob is a former investment banker that hung up his suit and 'deal sleds' to focus on ways to travel the world, build great relationships and learn. He is looking to help others learn passive income techniques, invest in dividend growth stocks, earn travel rewards and achieve financial freedom. He increased his net worth from -$60,000 (yes, negative) to over $500,00 in 5 years.
Build a number of income streams
My favorite tip for someone who wants to retire early is that they need to focus on reducing expenses and building a moat of income around them beyond their current day job income. If you can build a number of income streams that can run on their own that will replace your current day job income, you can retire immediately.
Kimberly Blanton // squaredawayblog.bc.edu
~Squared Away: Financial Behavior: Work, Save, Retire is not a personal finance blog – there are dozens of those. This blog covers anything having to do with financial behavior, psychology and our U.S. money culture. Squared Away want to provide any information that might help Americans of all ages better understand their behavior so that they can act in their own best interest – and get their all-important financial matters “squared away.” Sponsored by the Center for Retirement Research at Boston College, this blog is for individuals, as well as practitioners in the field of financial literacy, including financial advisers, educators, employers, government and foundation officials, and researchers.
Don’t retire early.
My advice is don’t retire early. Half of U.S. workers risk not having enough money to continue their standard of living when they retire. The most effective thing they can do to correct that is to keep working and delay the date the sign up for their Social Security benefits. Every year a retiree delays will add more than 7 percent to their monthly Social Security check, which is a better return than investors are guaranteed to earn year after year.
Lazy Man and Money // lazymanandmoney.com
~Lazy Man and Money is a personal journal where he explores how he can save money and make more money. At least that was his goal when he got started in 2006.
Save money and invest it
Save money and invest it.
Stealthy Wealth // stealthywealth.co.za
~Stealthy Wealth is planning to stop work and “retire” in 2030 at age 45. On this blog you will find all the detail on getting there - including the plan to make it happen, the decisions along the way, investments he is making, the cost cutting ideas he is implementing, and any other randomness.
Spend less than you earn
I would say my top tip is to spend less than you earn. If you can do this the rest will take care of itself as you become curious what to do with the extra cash every month.
Amanda Stewart // savingadvice.com
~SavingAdvice.com is a personal finance website that attempts to inspire and teach different ways of saving money. SavingAdvice.com offers a little bit of everything from financial articles, discussion forums, blogs (you can even create your own), newsletters, calculators and various other financial related tools. You may have seen them in the Washington Post, Budget Living Magazine, The Street, Reddit or even listened to them on the Radio.
Max out your Roth IRA and pay off all of your debt
One of the things we pride ourselves on here on Saving Advice is the ability to save and wisely invest money to make it to retirement and, yes, even retire early. If you truly want to retire early, we recommend maxing out your Roth IRA and pay off all of your debt as soon as possible. This will make for a comfortable retirement!
If you'd like to add our forums to your article as a resource, many of our forum members have retired early and are also able to provide great insight here as well. You can see one of the many conversations here.
Joshua Sheats // radicalpersonalfinance.com
~Radical Personal Finance is dedicated to giving you both the information and the actionable inspiration you need to significantly improve your life and lifestyle. Radical Personal Finance provides the tools you need to bridge the gap between your vision of your ideal lifestyle and the practical reality of where you stand today. Having a vision is great. But having the practical steps and tools to transform the vision into reality is even better.
Start instead by building a job/career you wouldn't actually want to retire from
It's far cheaper and easier to find a job/career you love than it is to save enough money to retire early. So don't start by working on your retirement plan...start instead by building a job/career you wouldn't actually want to retire from. Ask yourself this question: "What would I do if I knew I could never retire?" Then, go build that job and that life.
Spend whatever money you need to spend to get into that job/career and make whatever life changes you need to make in order to build the life you wouldn't want to retire from.
Only then should you start saving money and working on a plan for early retirement.
Dawn // thebudgetbabe.com
~The Budget Babe is a blog for hotties on a budget, featuring the latest cheap-chic fashion news, designer and celebrity looks-for-less, and honest reports on the places we all love to shop.
Invest to make your money make even more money.
Reduce expenses, build and grow your savings, and invest to make your money make even more money for you.
Tina Roth // profinanceblog.com
~Tina have been anxious all through the financial difficulties, and she sees that same anxiety in the eyes of people. It makes her compassionate. Out of this compassion and goodwill, she started this blog to help all those, who are facing financial distress. In this blog, Tina hopes to be as direct as she could, and share with readers the real world techniques and strategies that work.
Have contingency plan to reduce the expenditures
We may have a different financial circumstance, but we all need money to stay secure. Especially when a person retiring early. So all we need a contingency plan to reduce the expenditures. Active investing and extreme frugality is what one can follow before the early retirement ruining the financial stability.
Brendan Dale // takechargeofyourmoney.blog
~Brendan is a software developer working a regular 9 – 5 job. Brendan is working towards a goal of financial freedom and the idea for his blog is to create a collection of thoughts, ideas, tools, useful videos etc that are helpful to him, and hopefully to you too!
Generate additional income streams
To me the focus for people who want to retire early would be to generate additional income streams to support their life whilst they no longer earning a traditional salary. This strategy is obviously bounced around the internet with many "get rick quick" schemes and so many people making it sound easy. It's unfortunately not quick nor easy to build up a sustainable income stream, but it certainly is possible and it can change your life forever! I like to try little experiments which cost me little or no money, but which can prove to me that a concept or idea will work. It's a slow process but definitely worth the reward.
Alexis S // thekrazycouponlady.com
~KCL teaches you how to collect and redeem coupons to save BIG. KCLs are young, savvy moms on a mission to slash their grocery bills by 50-90%!
Here is an article that we posted that you might find helpful.
Clem Chambers, CEO of ADVFN // advfn.com
~ADVFN provides online data and services to private investors such as stock quotes, charts, news, FOREX, Futures & Options and stock screeners. The site currently covers in excess of 70 stock exchanges from across the globe. It is known for its active bulletin boards.
Gradually build up a solid portfolio of 30 plus stocks
Hone your value investing skills so that you can gradually build up a solid portfolio of 30 plus stocks. The earlier you start the better. Forget about get rich quick schemes; slow and steady wins the investing race.
Don’t forget to put as much as possible into a share ISA. If you view stock market investing as a part time job you're on the right track to being able to retire early. My book 101 Ways to Pick Stock Market Winners highlights what characterizes a potential successful stock and is a good starting point for tips on building that 'retire early' portfolio.
Max // ehelpify.com
~Max is the founder of eHelpify, a site designed to help others in trading, investing, and peak performance . Ehelpify teaches actionable strategies for beginners to learn, steps for getting started in trading & investing, information from experts in their fields, steps to becoming an online entrepreneur, and much more. Max is living currently in Ireland and plan on traveling in 2019.
If it works for Warren Buffet, it can most definitely work for the rest of us
It doesn't matter if you are 16 or 30, start saving a portion of your income now. Don't put that money into a savings account earning little to no interest. Instead find a better place to invest your savings and compound that money over time. If it works for Warren Buffet, it can most definitely work for the rest of us. And it will surprise you how fast it can add up over time. It doesn't even need to be the stock market, there are lots of places to earn better interest rates than a savings account.
Bill K // forexpeacearmy.com
~In 2016 alone over 250,000 traders read over 18,500 forex broker reviews from Forexpeacearmy's database and added almost 2,500 new ones. Combined with their investigations, traders court activity, and early scam alert warnings they are aware of many forex brokers that are likely to be stealing traders money right now.
The best advice I have on this is to invest carefully.
The best advice I have on this is to invest carefully. Most scam victims let the possibility of large profits blind them not only to the risk of large losses, but also to the possibility that they would never see any of the money again. Thanks to many different scams promising easy money, a lot of people who hoped to retire early will never be able to retire.
Some of these scams are nearly undetectable to a new investor, but are obvious to those with experience. At the Forex Peace Army, Pharaoh has written a number of articles to teach people how to avoid investment scams. including a great one on how to see the warning signs of a Ponzi scheme or HYIP. You can read most of his articles here...
https://www.forexpeacearmy.com/r/author/8/pharaoh-trading-blog
If you can avoid scams, and if you can avoid taking excessive risks, the other key to having enough money to retire is to consistently save money. If you spend more than you make, your investments won't be able to keep up. If you can put aside enough of your annual income and invest it to safely make even a little above inflation, then you'll be able to estimate how long until you can afford to retire. The earlier you start, the earlier you'll be able to reach your goal.
Esther Mukoro // moneynuggets.co.uk
~Esther Mukoro is the founder of MoneyNuggets. Her background is in research and project management, but her passion is in empowering women through financial literacy. Esther enjoys travelling, cooking and seeking new adventures in her spare time. Read about her money story here.
Clear all outstanding debts
My favourite tip to early retirement is clear all outstanding debts because debt can hinder your financial progress and your goal of achieving financial freedom.
Secondly, is to have a plan in place. Everyone wants to retire early but not everyone is willing to do what it take to do so. If you are serious about retiring early you need to have a plan because a goal without a plan is nothing but a wish.
A plan will help you focus on your goal, motivate you to think about the kind of retirement you want (how often will you go on holiday, will you need a big or small house, what kind of investments do you want to make etc) and most importantly take action.
Scott // makingmomentum.net
~Scott is a Canadian millennial on a mission to take control of his money and life. Making Momentum is a personal finance and personal development blog for the everyday person. Scott started this site to connect with like-minded people looking to make more money, save money, travel the world for less and become more productive. The content shared aims to help readers compound wins, both big and small, into the momentum that can shift your life’s trajectory.
Accrue as much knowledge as possible on both the quantifiable and qualitative side.
The biggest piece of advice I can recommend to anyone that wants to retire early is to accrue as much knowledge as possible on both the quantifiable and qualitative side. The route to retire early is a specific journey and you need to understand the most effective route to get there for your specific situation.
Thankfully, there is an amazing community for you to connect with.
Learn from those who are currently experiencing early retirement or pursuing it. From the best personal finance podcasts to the FIRE blogs, message boards and books, the amount of data and first-hand knowledge readily available will provide invaluable information to help you best pursue this goal.
Candice // listenmoneymatters.com
~Listen Money Matters come together to try and create an ultimate personal finance resource so that you don’t need to work hard to keep your cash under control.
Invest early and often.
Invest early and often. The longer you wait to start investing, the more time you're losing and time is the magic ingredient when it comes to growing your wealth. Lost time often can't even be be made up for with additional money. Open a Betterment account and set up an automatic monthly contribution right now, even if it's only $50 a month. Then just sit back and watch your money grow.
Thank you so much to all the experts that contributed to this roundup. We've learned so much from all of your honest comments.
If you feel you've learned at least one valuable tip that is going to help you in your journey, then our time is well spend.
The Savvy Couple
Wow this article came out great! Nice job putting this together.
Thanks for including us =)
malam169
Thank you for your kind words!
Mr. Jamie Griffin
Awesome resource for people looking to retire early. It looks great!
Thanks for including me!
Morshed Alam
Thank you, Jamie. Getting on a consistent budget is essential. The readers will find your advice invaluable!
My Millennial Guide
Excellent resource for those looking to retire early and seeking new financial tips! Thanks for mentioning me!
Scott at Making Momentum
What a collection! Great stuff, thanks for including me.