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Follow these 5 steps to early retirement
5 years ago I implemented these steps
It changed my life.
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5 years ago I implemented these steps
It changed my life.
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Step 1
Identify the destination – how much do I need?
Set a target
Use the 4% rule
Know your number
Now you know what you are aiming for.
Identify the destination – how much do I need?
Set a target
Use the 4% rule
Know your number
Now you know what you are aiming for.
Step 2
Plan a route – How can I save so much?
Your retirement number will scare you.
Analyse current situation
How much debt do you have
How much retirement savings do you have
Work out a plan with scenarios to Earn - Save - Invest
Without a plan you won't get there
Plan a route – How can I save so much?
Your retirement number will scare you.
Analyse current situation
How much debt do you have
How much retirement savings do you have
Work out a plan with scenarios to Earn - Save - Invest
Without a plan you won't get there
Step 3
Learn how to drive – Learn and understand investing
It's your life
It's your family
It's your responsibility
Nobody will do this for you except you
Its never too late to start learning
Learn how to drive – Learn and understand investing
It's your life
It's your family
It's your responsibility
Nobody will do this for you except you
Its never too late to start learning
Step 4
Look out for the shortcuts – Save more and earn more
Accelerate your plan
Be Frugal
Increase savings
Start a side hustle
Stop lifestyle creep
Reject consumerism
Boost your earnings
Continually look for ways to strengthen your plan
Look out for the shortcuts – Save more and earn more
Accelerate your plan
Be Frugal
Increase savings
Start a side hustle
Stop lifestyle creep
Reject consumerism
Boost your earnings
Continually look for ways to strengthen your plan
Step 5
Check the dashboard to stay on track
Keep track of your progress regularly
Expenses
Savings rate
Salary growth
Tax free investments
Investment performance
If you want to manage you need to measure
Check the dashboard to stay on track
Keep track of your progress regularly
Expenses
Savings rate
Salary growth
Tax free investments
Investment performance
If you want to manage you need to measure
If you don't know where you are going
How will you get there?
If you haven't started - now is your chance
Find out more
http://www.wealthyhealthylife.co.za/blog/financial-freedom-and-early-retirement-5-step-plan/
How will you get there?
If you haven't started - now is your chance
Find out more
http://www.wealthyhealthylife.co.za/blog/financial-freedom-and-early-retirement-5-step-plan/
