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How to Be Ready to Retire in 20 Years or Less
posted by: Jones on: 21.08.08 (view in blog)
Jones
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Im not going to try and give you some magic formula to retiring early. Im going to tell you a clear cut, guranteed way to retire early, comfortably. If your looking for some simple solution then don't even continue reading. This is going to take hard work, dedication, and learning not to live beyond your means.

Step one, get a degree. Humans are made for work. Would you rather watch TV idly or do what their doing on TV? You'd probably rather be out there, doing what their doing, working on winning the Olympics, working on the high seas on a fishing boat, or maybe even working making videos like survivorman. The point is don't be afraid of a little hard work get your butt in school and get a degree.

Once you have a degree and your making good money then you need to learn how to save that extra income. Don't all of a sudden think you can afford anything and get yourself in debt, and If you already did then consult a recommended Debt relief agency to get yourself out of debt as quickly as possible. In fact take the quiz at bills.com/iq/ to assess just how financially healthy you are. That test single handly is responsible for my recent concern with retirement. It really revealed a bit about myself too that I didn't realize I was doing wrong but I have to admit my score was almost perfect. Cool 

If your making sixty grand a year then try your best to save thirty grand of that for twenty year. Most people live on thirty grand a year or less and just think in twenty years you'll have six-hundred-thousand dollars, enough to retire. Put that in a FDIC insured money market fund, which you can get a 4% annual percentage return on through nearly any bank, and that's twenty-four thousand a year in free money accrued from interest on the money you've saved. Make your money work for you, show it whose boss, retire early. Money mouth

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