retire by 40

Most people dream about retiring because it is the time when they can do whatever it is they dream of. However, many think they can retire by the time they are 60. Only a few, determined ones can say they are ready to retire by 40. 

Many of the individuals of today complain that basic needs such as education, housing, and transportation have become inaccessible due to their high prices. They think that they have to work doubly hard and still won’t have enough money to live comfortably. As a result, it was difficult for them to enjoy a secure lifestyle that most individuals before can enjoy as soon as they reached adulthood. 

However, some individuals were able to prove that it is possible. They can retire by 40 and enjoy the fruits of their labour and still have enough money to last their lifetime. It all boils down to following simple rules in life. Here are some of them:

Drink coffee at home. What most working individuals do today is grab a coffee from establishments where its price is almost triple of what they would spend if they have coffee at home. Little savings such as these can do a lot for your bank account.

Go on cheap holidays. Going on a holiday is understandable. In fact, it is highly recommended to keep your sanity. However, you have to set a budget. You don’t have to spend much to have a fulfilling holiday. Your budget shouldn’t be more than what you can earn monthly. If you must, explore your local community if you need time off. 

Pack your lunch. You’d be amazed at how much you’re going to save if you pack your lunch to work. It’d be healthier for you as well. 

Ride public transport. Have you noticed how gas prices have skyrocketed in the past months? If you love taking Uber, save it for special occasions only. If you really want to save money, take public transport. 

Have a passive income flow. Invest your money in indexes with low fees. Take a cue from Warren Buffet and learn more about compound interest. 

Bro down. Find a productive shared office space economy, build it without thinking about economics, work on getting an unbelievable valuation from a dupable capitalist, run it like crazy, and walk away with more than $1 billion in stock sales and $185 million consultation contract. 

Following these rules is easy. It doesn’t take a rocket scientist to do it. Even you can achieve it. 

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