Almost everyone thinks about early retirement at some point in their career. The thought of being free from the corporate grind and spending more time with family and friends is not just for daydreamers.
Retiring early can be a reality, as long as you have a plan in place when it comes time to leave your old job. Here are three essential steps to follow if you want to leave the workplace behind for good:
Step 1: Reduce Your Expenses
When most people start thinking about their retirement plan, they begin by assessing their savings. However, it often makes more sense to measure your financial future in terms of your costs. It is much easier to cut down on monetary obligations as opposed to creating new income streams. [Read more…]