2) Sign up for a 401K
This may sound obvious, but you’d be surprised how many people put off signing up for their employer’s 401K plan, especially young millennials. Saving money isn’t something most young people do well, and planning for an early retirement is the last thing on many young professionals’ minds. BUT, if you start saving for retirement as soon as you enter the work force, you may not have to wait until the golden age of 65 to retire. The 401K system is an easy way to save money for early retirement without feeling the hit in your paycheck. The beauty of a 401K is it takes however much money you want from your gross income, not your net. Some employers will even match the amount you decide to part with as well. This adds up quickly, especially if you’re willing to be generous with yourself! Hopefully your employer will follow suit!
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