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Really Early Retirement

Can you afford an Early Retirement like these young retirees on Yahoo Finance? Maybe you don’ think you can. But more and more young people are finding ways to retire, not early in their 50’s, but even in their 30’s! At first I could not believe it, but after I looked at the article I began to get a sense of how they do it.

Retiring Early Does Not Mean Retiring Extravagently



While they were working, despite large incomes, they chose to live very modestly. In other words, even though some of them may have brought down six figures, they spent money like they earned in the low 5 figures. That does take some discipline. While they were working, they learned how to invest for maximum returns and security, and perhaps they set about purchasing a place to live when they retired. 

The main extravagence the people wanted was freedom to travel and pursue hobbies, but otherwise they were willing to live simply.  Here are some basic tips:

  • Set spending and investment priorities now for the future
    • Stay 100 percent out of debt, except for a mortgage
    • Invest in stocks through index and mutual funds
    • Use the compounding effect of time by investing early
    • Seek a partner with the same financial values

retire early, early retirement, savings, investment

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