How To Retire Ten Years Ahead of Schedule

vietnam-beach-sunsetThere are two common ways to retire a full decade before Mr. and Mrs. Jones. 

The first isn’t rocket science. Avoid consumer debt and invest early.  If you invested $375 per month from age 20 to 55, you would have more than a million dollars if you averaged 9 percent.

But few have the foresight (or the resources) to invest from such a young age. Most people start later.  Life can also jam a pump in their spokes.  A job loss, divorce, or higher than expected educational costs can send them to the pavement. 

It is possible, however, to retire with a lot less than you might think.

Image courtesy of Pixabay

Read the rest of the article at AssetBuilder.com

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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1 Response

  1. Daniel Tynan says:

    I like these articles about cheap places to retire early to. Of course I have to take it with a grain of salt because I’m only 35. By the time I retire all these places will have changed completely and their cost of living changed depending on world economics.

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