Early Investing Early Retirement
In today's era the early retirement trend is very popular, every one want to get retire at their 30's & 40's and then they want to enjoy their life by traveling or doing the things they like but the first step to achieve this goal is to start investing early.
when others are spending in the parties & buying unwanted expensive things we should focus on saving & investment so that at age of 40 to 45 when we will achieve our goals of early retirement they have to job & we will become financially independent.
Every one wants to get retire at early age but only small amount of population can archive this goal because to achieve the goals we have to do proper planning & execute that plan.
Develop an habit of spending the salary after saving because your needs will never reduce so you have to do saving first and then spend for your regular needs.
Now we will talk about compounding interest, many of you have heard about earlier that compounding interest is 8th wonder of the world, and yeah that's true your small amount of saving can give you big returns in the future.
But as we talks about the Power of compounding Interest then it is only for the long term investor & not for the short term investor or the traders.if you invest for minimum 15 to 20 years then only you can see the power of the compounding interest.
Steps To achieve the Early Retirement Goals :-
1.) Start Earning :- To do investment you need to earn first so try to earn as earliest as you can son you can start investing early.
2.) Saving :- After you start earning start the saving as you have to start investing so try to minimize your spending and focus on Saving.
3.) Pay Off Debt :- Before investing pay off your all debt so after that you can start your investment without any tension.
4.)Create Emergency Funds :- After clearing your debt start saving for emergency fund for your bad time like if you lose your job then you can survive for some specified time.Minimum you should save that enough money that you can live for 6 months on your emergency fund (Amount of Fund Depends on your monthly expense).
5.) Start Investment :- Today we have many options for investment like real estate, mutual funds, direct equity, government schemes, gold, silver etc.
So you can diversify your investments as per your goals & Risk level but keep in mind that you are doing investments for the long term.
if you don't have enough knowledge about how to invest then you can read articles, post, and the reports on the investment written by the Financial Experts on Google or on Many other websites or else you can hire an certified financial planner so that he can guide you as well as track your portfolio.
6.) Review Portfolio :- Review your portfolio time to time so that you can do changes to your investments if it is required, and get the maximum returns on your hard earned money.
Keep Investing Be Happy :)
when others are spending in the parties & buying unwanted expensive things we should focus on saving & investment so that at age of 40 to 45 when we will achieve our goals of early retirement they have to job & we will become financially independent.
Every one wants to get retire at early age but only small amount of population can archive this goal because to achieve the goals we have to do proper planning & execute that plan.
Develop an habit of spending the salary after saving because your needs will never reduce so you have to do saving first and then spend for your regular needs.
Now we will talk about compounding interest, many of you have heard about earlier that compounding interest is 8th wonder of the world, and yeah that's true your small amount of saving can give you big returns in the future.
But as we talks about the Power of compounding Interest then it is only for the long term investor & not for the short term investor or the traders.if you invest for minimum 15 to 20 years then only you can see the power of the compounding interest.
Steps To achieve the Early Retirement Goals :-
1.) Start Earning :- To do investment you need to earn first so try to earn as earliest as you can son you can start investing early.
2.) Saving :- After you start earning start the saving as you have to start investing so try to minimize your spending and focus on Saving.
3.) Pay Off Debt :- Before investing pay off your all debt so after that you can start your investment without any tension.
4.)Create Emergency Funds :- After clearing your debt start saving for emergency fund for your bad time like if you lose your job then you can survive for some specified time.Minimum you should save that enough money that you can live for 6 months on your emergency fund (Amount of Fund Depends on your monthly expense).
5.) Start Investment :- Today we have many options for investment like real estate, mutual funds, direct equity, government schemes, gold, silver etc.
So you can diversify your investments as per your goals & Risk level but keep in mind that you are doing investments for the long term.
if you don't have enough knowledge about how to invest then you can read articles, post, and the reports on the investment written by the Financial Experts on Google or on Many other websites or else you can hire an certified financial planner so that he can guide you as well as track your portfolio.
6.) Review Portfolio :- Review your portfolio time to time so that you can do changes to your investments if it is required, and get the maximum returns on your hard earned money.
Keep Investing Be Happy :)
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