"The Fastest Way to Retire Early: Spend Less Than Everyone Else." - Here's How

"To that end, it's smart to set up automatic savings so you're paying yourself first every month. Start with an emergency fund, which you may need to cover unplanned bills in the near term and avoid debt. Once you have about three to six months of living expenses in a savings account for emergencies, move on to retirement savings. Figure out if you'll be using an IRA, 401(k), taxable brokerage account, or combination."

"There are benefits to being able to retire ahead of your peers. Retiring early could mean getting to enjoy hobbies and travel while your health is still strong. It could also mean maintaining better mental and physical health by eliminating the strain of a daily job. If your goal is to retire early, you need to start saving and investing at a young age. And to do that, you have to make sure to keep your spending in check."

Retiring early allows enjoying hobbies and travel while health remains strong and can improve mental and physical wellbeing by removing daily job strain. Achieving early retirement requires saving and investing from a young age and controlling spending. Prioritizing savings means paying yourself first through automatic transfers to emergency and retirement accounts. Build an emergency fund of three to six months' living expenses to avoid debt, then increase retirement contributions via IRA, 401(k), or taxable brokerage accounts. Setting specific monthly automatic contributions prevents spending that money and can accumulate substantial retirement assets over time.

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