Want to Retire Early? Do These Things in Your 20s and 30s
A lot of people dream of retiring early, whether it's so that they can travel, pursue hobbies, or simply live life on their own terms. If your goal is to retire early, it'll take a commitment from a young age. And if you make these moves during your 20s and 30s, you'll put yourself in a stronger position to manage a workforce exit on your preferred timeline.
It's easy to go overboard on spending when you first start working and begin enjoying the benefits of a steady paycheck. But if you want to retire early, you'll really need to get into the habit of living below your means and not spending down your entire paycheck month after month.
In fact, a good bet is to keep your largest monthly expenses, like housing and transportation, as affordable as possible. That means buying a smaller home even if you can swing the mortgage a larger one might require, and driving a basic car instead of a higher-end model. The less you spend on living costs, the more money you'll be able to allocate toward your long-term goals.
Source Fool.com
