Want to retire at 50? Here’s how to make it happen

The next slides outlined a 3-step path towards achieving financial freedom, or independence. I use the terms interchangeably.

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Cut The Costs

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Increase Income

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Invest Your Monthly Surplus

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Final Thoughts

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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Want to retire at 50? Here’s how to make it happen

The next slides outlined a 3-step path towards achieving financial freedom, or independence. I use the terms interchangeably.

Cut The Costs

Let me tell you a SECRET. There’s a few ways for achieving financial independence. But, it’s not about earning more money. It’s about spending less.

Increase Income

As you are reducing debt payments, the next step is to increase income to generate a monthly surplus.

Invest Your Monthly Surplus

Make it a habit to invest your monthly surplus money regardless of the current market conditions. Buy stocks, or save the down payment on a rental property, etc.

Final Thoughts

The path to financial independence is usually a slow and boring process. Getting rich quick is not the norm.

SWIPE UP NOW TO READ MORE!

Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

READ MORE