Retiring early is a dream most of us have had at least once: maybe during the Monday morning commute to work or at yet another boring meeting. With some careful planning, retiring young is not just a pipe dream. However, before you decide to give up your job, you need to be sure that early retirement is right for you. Here are 20 tidbits of advice from people who retired young to help you decide.
You can use early retirement to start a...
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It will take some time to slow down
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Early retirement is an evolution
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Retirement isn’t the goal
Make your money work for you
Your goals will change
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Pay off your debts
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Downsize your home
Get a side hustle
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Move to somewhere cheaper
Choose the right partner
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Get tax advice
You can retire before you think you’re ready
Resist the herd mentality
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Learn to be happy with less
Take advantage of the library
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You will face criticism
The hardest part is leaving work
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Resist “lifestyle creep”
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