Aug

7

Retire at 55 – Tip #4 – Investing Instead of Spending

By Mikael

In today’s post I will give you the fourth tip to help you retire at 55 or younger and this tip will not only be able to help you with your retirement but can also make you wealthy if you use it right. But before we dive into the post I would like to remind you to read or re-read the three previous posts: Tip #1 – Start Now Tip #2 – Make More Money Tip #3 – Drop Excessive Spending If you didn’t already know then let me quote Tony Robbins: “Repetition is the mother of skill” I don’t know if he is the original source of that quote but it’s still good advice The Difference Between Investing and Spending You can probably find a lot of different takes on this difference but here is mine: “Spending Has The Intention... Read more

Aug

5

Retire at 55 – Tip #3 – Drop Excessive Spending

By Mikael

So here we are at the third tip in the series of how you can be able to retire at the age of 55 or sooner. In the previous two tips we talked about the importance of starting NOW and why it is important to start making more money. Today I want to talk to you about why you should look at where your money is being spent and why you should cut back on the places that are not really necessary. Now this is not another “frugality post” just like every other floating around the online world. I am not a fan of frugality because I think that teaching people to live below their means is not only stupid but also cruel. Why anyone would encourage people to be any less than they can be is beyond me! However I do believe that there is a big differen... Read more

Aug

1

Retire at 55 – Tip #2 – Make More Money

By Mikael

This is the second post in the series of tips that can help you retire early or at least at age 55 (which is the age that most people are trying to retire at). If you missed the first post you can find it here: Retire at 55 – Tip #1 – Start NOW. Now that you know that you need to start doing something I would like to give you an obvious but rarely used idea. Here it is: Start making more money! I know this sounds simple and that it makes total sense that you will be able to retire earlier if you make more money because if you make more money you are able to save more for retirement. But despite the fact that this is both simple and obvious most people don’t do it. The reasons for this are many but bottom line is that they are all exc... Read more