Only retired at 67 - a horror for many.
If you want to get out of the working world earlier, you should internalize the following four rules.
Retire earlier *?
Many people wish that.
But how do you do that?
These early retirees made it.
Retire earlier - just a dream for many Germans?
Who doesn't play them through in their minds every now and then: the many things you want to do when you retire.
Finally time for a dog, more time for your favorite hobby and long journeys, provided your health plays along.
But the years that still have to be worked off lie like a big mountain before these dreams.
If you are thinking of retiring earlier, you should read the following tips from successful early retirees.
You can also read:
Higher pensions have been decided: This is how much money there will be from summer 2020
Retire rich and early: These early retirees made it
1.
Concentrate on expenses, not income
: That is the motto of self-made millionaire Chris Reining, who retired at 37.
The news portal Business Insider quoted Reining: "Getting rich and staying rich is largely a game where you live
below your financial means
. If you can do that, you will enjoy the freedom that the people who just get rich live, never will experience ".
According to Reining, those who live rich spend everything they earn - and don't save anything.
Also interesting
:
Self-made millionaire unpacks - this is how you get rich in just ten minutes
.
2.
Money creates money
: JP Livingston, an American, retired at 28 - with a fortune of two million US dollars.
Her tip:
Build up a financial buffer as soon as possible and let it work for you
: "Do everything in your power to collect the first 10,000, 20,000 or 100,000 euros", "That will create a kind of snowball that will help you leads to wealth much faster than you can imagine. "
Livingston used her saved fortune to get a discount on the mortgage interest as a private customer of the big banks.
To do this, she had to buy buy-and-hold stocks, which earned her a discount of $ 300,000 over the life of the loan.
Also read
:
A third of Germans have no savings - only Romanians are worse off
.
3.
The classic way -
earn a lot, save a lot, invest well
: At the age of 52, John (who refuses to give his full name) retired with assets of three million US dollars.
According to the Business Insider portal, he said, "
Getting rich
is easy -
save more than you spend for several years
".
The good news: "A great legacy or hot stock tips are not necessary".
4.
Keeping a firm eye
on
wealth goals
: "Everyone should have a sensible wealth goal based on their age, professional experience and income," wrote early retiree Sam Dogen on his blog "Financial Samurai".
Goals would help you stick to your budget and motivate you to do more when you're behind.
According to Dogen, a
guide to wealth
creation is essential
.
You can also attach it to the refrigerator to keep yourself on course.
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: Man cracks million jackpot - although he made this mistake.
Read more
: Study reveals - "Retirement at 63" can end in financial disaster for all of us.
Employers' associations are now calling for the retirement age to be adjusted to the increasing life expectancy.
jg
These self-made billionaires were once poor - you will be amazed by their stories
These self-made billionaires were once poor - you will be amazed by their stories
You might also be interested in:
Private provision: is
the pension enough?
Many are unsure about this.
Private provision must pay off.
The FR column "Gastwirtschaft".
List of rubric lists: © picture alliance / dpa / Jens Kalaene