Follow these 5 steps to early retirement

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.

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

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

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

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

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/