
Figure out your retirement goal using the 4 percent rule and the rule of 25 to estimate a nest egg of 25–30 times yearly expenses, with withdrawals at 4 percent.
Learn how to invest by applying compound interest, dollar cost averaging, automation, and diversification to grow wealth. Automate your investments to avoid market timing.
Discover practical strategies to cut everyday expenses by buying used items and doing it yourself. Leverage bulk buying, freebies, coupon codes, and cheaper home costs like cable and climate control.
I was recently on the Q&A site Quora and someone asked "What should I learn in my 20s that will help me to financially retire at 35 and travel the world for the rest of my life?"
I started my answer "I retired at 43, but if I knew in my 20s what I know now, then I could’ve retired at 35. Here are the 6 steps I’ve developed to help young people set themselves up for a successful early retirement:"
I went on to describe these 6 steps:
To my surprise, in the first 3 weeks my answer had 742k views, 2.88k upvotes, and 935 shares.
Why? Two reasons:
1) Young people are starving for good information about personal finance. They simply don't teach you this stuff in school. And,
2) The 6 steps are very simple. It's not rocket science and is very doable.
If you're still in your 20s, you have the most powerful asset available: TIME. Please enjoy this FREE mini-course illustrating what you should do now so you can be retired by your 40s!