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Retirement
What are the Things You Can Do to Retire Early?
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[QUOTE="Holicent, post: 239624, member: 76163"] The best you can do include: 1. Start investing early -Basically, the earlier you start investing, the more time your money will have to grow. -There are people who retire early because they invested most of their money on a business that happens to be very successful in the long run. -Some people also invest on stocks, which can be risky but also can yield more returns than putting your money in a savings account. -You can also invest on mutual funds, which are less risky than stocks. These are funds created by companies or groups and they invest on different assets like bonds and stocks. 2. Invest more money than you need -It is not enough to just save your income; you should also try to invest more than what you have saved. You will never really know how much you need until it’s too late. -Try to invest at least 20% of your income somewhere. There are different investment options available so choose wisely and get advice from experts where possible. 3. Practice frugality. If you follow these things well you will surely get your wish of retiring early, except your company or something else is holding you down, but it's curly not financial reason. [/QUOTE]
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What are the Things You Can Do to Retire Early?
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