By Calynn M. Lawrence

Many people think of the idea of retirement as something that you do in old age. Yet, it is something that can be done if you take the correct steps in your youth by the age of 35! This article is going to tell you how.

Start Young

The earlier you begin working, the better. This is because you will learn responsibility, discipline and the value of a dollar early on and you can avoid hard lessons in life down the road. Preferably, whatever field you plan on venturing into as an adult, has opportunities for you to make money and gain experience as a kid. There are many different avenues such as volunteer work, internships, apprenticeships, summer programs and more!

You Can Not Do It Working For Someone Else

Unfortunately, this is not a feat that one can accomplish working for someone else. You have to have the guts and the drive to be your own man and start your own. Being an entrepreneur, you can set your own salary, vacation, work schedule and retirement. This is not something that you can do as an employee. If you are someone who plans on working for someone else until retirement, then it looks like you’ll be an employee until your elder years.

Live With Less

It is not necessary to be a minimalist, although that helps, but living below your means is the key. Some may not understand what that means. For example, say you pull in 100 thousand dollars annual salary, and your spending is at 95 thousand annually. This is not considered really living below your means. However, at that salary, 75 thousand dollars annual spending would be considered living below your means. To truly qualify for the term, you should be spending no more than three fourths of your annual income.

Invest Your Money

Do not just let your money sit in a bank and collect minute interest over the course of your career. Investments are the quickest way to grow your money with a good return. But, it is not something that you want to do on a whim. Taking up the help of someone experienced in the field will be of great use to you. Making wise investments and withdrawing them at the proper time can exponentially grow your bank account. But do not ever invest all of your savings at once, ever! Do not invest more than half of your savings so that if something falls through, because there is risk, you will have a cushion to fall back on.

Have Multiple Savings Accounts

You should have at least two savings accounts if you plan on retiring early. This is simply so that if someone happens to hack you or steal your identity that they will not rob you blind. Always have a back up account so that if something happens, you have a cushion to fall back on.

These are simply a few tips so that you can retire early, if not at 35, at an earlier age than you would have if you did not!

Cindy Relaxing Retired