3) Invest in Real Estate
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. 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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