Mika
VIP Contributor
If you do not want to work until you reach 60-65 years of age and if you want to retire early, you have three options:
Option 1
Get a good-paying job, save your money, and live frugally. Invest your savings in security bonds, treasury bills, or any other government bonds, or deposit in fixed deposit bank accounts (the most secured form of investment). And in the meantime continue to work on the same job for 10-15 years and then retire early, hopefully before you are 65.
Option 2
Get a good-paying job, save your money, and live frugally. Invest in risky markets like crypto, stock market, etc. If it works out for you, you might be able to retire before you reach 60.
Option 3
Burrow money to buy real estate property or leverage debt to buy cash-producing assets. The value of these assets will continue to rise and in the meantime, you also collect cash flow. This option will help you retire 5 years from now.
Option 1
Get a good-paying job, save your money, and live frugally. Invest your savings in security bonds, treasury bills, or any other government bonds, or deposit in fixed deposit bank accounts (the most secured form of investment). And in the meantime continue to work on the same job for 10-15 years and then retire early, hopefully before you are 65.
Option 2
Get a good-paying job, save your money, and live frugally. Invest in risky markets like crypto, stock market, etc. If it works out for you, you might be able to retire before you reach 60.
Option 3
Burrow money to buy real estate property or leverage debt to buy cash-producing assets. The value of these assets will continue to rise and in the meantime, you also collect cash flow. This option will help you retire 5 years from now.
