11 Ways to Save Money So You Can Retire Early
3) Invest in Real Estate
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A good real estate purchase can make retiring early a reality. You don’t have to be rich to buy an investment property. You just need to know when and where to buy.
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There are certain areas and states that offer cheap property with almost-guaranteed high returns (Florida, for example). The main benefit of investing in real estate is generating a passive income. This is money you can depend on without having to really do anything to generate it. If you can rent your property long-term, you’ve got an extra monthly income in addition to your salary. Another way real estate investments work is by ‘flipping’ – buying property and reselling it for a profit. Whatever you choose to do, the key to retiring early is saving this extra money. If you put it away and don’t touch it, you’ll build a nice little nest egg for yourself.
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