GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
But if youre going to spend, it should be strategic.
I retired at age 42 after selling my real estate investment company.
Despite his sizable portfolio, Cabrera and his wife still strived to keep costs low.
They lived in a modest home, drove used cars and avoided certain unnecessary expenses like luxury vacations.
We invested in index funds and real estate.
It will likely require sacrifices, but you’ve got the option to achieve it.
Save as much as possible, look for ways to increase income and invest for solid returns.
Build Passive Income
This isnt shocking advice, but its still sound.
All of these, he chose to reinvest to continuebuilding wealth.
you could do the same, but the main goal is to get that passive income going.
It took constant discipline, but retiring inmy early 40swas well worth the effort.
Maybe you want to be more active in your investments.
Or perhaps youd prefer something more passive.
Whatever the case may be, take some time to choose your preferred ones and go from there.
Thats what Brenda Christensen, CEO ofStellar Public Relations, Inc., did.
I abide by Warren Buffets template of being frugal.
Im a big proponent of continuing to work for your mental and physical health, said Christensen.
Whether it be your passion business project or charity, keep active and engaged.
More From GOBankingRates
Share This Article:
