{"id":2218,"date":"2017-03-29T00:15:23","date_gmt":"2017-03-29T08:15:23","guid":{"rendered":"http:\/\/www.cultofmoney.com\/?p=2218"},"modified":"2021-10-24T12:16:07","modified_gmt":"2021-10-24T20:16:07","slug":"retire-youre-years-old","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/retire-youre-years-old\/","title":{"rendered":"How to Retire Before You’re 40 Years Old"},"content":{"rendered":"
Does the thought of working until you\u2019re 65 make you sick? If so, you\u2019re not alone!<\/p>\n
More and more people have been discovering that it\u2019s not only possible to retire early but that it\u2019s what they want to do with their lives. I\u2019ve found myself in that camp as well.<\/p>\n
The people who reach retirement early all have a set of commonalities. One of the big ones is being able to enjoy life and find happiness without<\/em> needing to spend a ton of money.<\/p>\n Want to learn the other set of traits the early retirees seem to have (mostly) in common? Here\u2019s how to retire before you\u2019re forty years old.<\/p>\n When it comes to early retirement debt is a big no-no. Unless your debt is profitable (like a loan on a rental home) or is for a modest mortgage with a low interest rate, you need to get rid of it. This is especially true if you have high interest debt.<\/p>\n The first thing you should eliminate is credit card debt. After that go for any other high interest debts, paying close attention to anything that has 10% APR or above.<\/p>\n Once you get consumer debt paid off you\u2019ll have to decide whether you want to go ahead and accelerate student loan or mortgage pay-offs. (You might be better off investing that extra money instead of using it to pay down this type of debt. At least not right away.)<\/p>\nAvoid\/Pay Down All Consumer Debt<\/h2>\n