Strategies for Retiring Early

If you’re like most Americans, then you probably dream of retiring early. After all, the thought of quitting your job and spending more time with your friends and family is pretty darn appealing to most people. And, believe it or not, retiring early really is a possibility for average people who have worked for the majority of their lives.That’s not to say that you’ll live a life of luxury in retirement, but most people are capable of retiring early and still living a relatively comfortable life...providing they go about it the right way.

The Massive Investments Method

One way to make retiring early a possibility is through the massive investments method. Through this method, you simply, as the name implies, have a lot of smart investments and then use the money from those investments to get you through retirement.   

If you want to go this route, consider smart investments like stocks and real estate and aim to invest around $2000 or so per month, or more if possible. If you can stick to a pretty rigorous investment schedule, you will find that you can earn quite a bit of money in a short time, money that you can save up and eventually use to retire comfortably while you’re still relatively young.

The Move Away Method

If you’ve saved decently well or your investments have paid off nicely, then you may want to think about retiring elsewhere, like in a different country where your money is going to count for more. Many countries, such as Ecuador and Thailand, are much cheaper to live (and retire!) in than the United States, which means that, by moving, people can often afford to retire much sooner and on much less than they could if they were staying put. What’s even better is that Americans can often find extra ways to make money once they get overseas, such as teaching or translating, which means they can keep on making money during their retirement.

The Constant Cash Flow Method

With the aforementioned, massive investments method, you have to have a lot of investments. With the constant cash flow method, your goal is just to get one good one going- one that is going to keep making you money for many years to come.

This could be something like buying several rental properties and living off the “rent” you make or even writing a song and living off the royalties. If you can just make one smart investment that will continue to pay for a long time, then you should have no problem retiring early.

As you can see, there are ways to retire early, even for the average person. In addition to these methods, if you simply save a lot of money quickly and early, then retiring early can be a possibility for you. There really are all kinds of options, and if you pick one of them and work hard enough, you can retire early and enjoy it immensely.