More and more courses and platforms appear that intend to teach how to become a millionaire and retire early, the famous “rich at 30”. However, many of them can be risky, as they recommend some habits or financial contributions that are completely unrealistic for many realities. Because of this, see below some safe tips for you to retire early.
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In order to retire early, you will inevitably need to accumulate money, which will later be used in investments. Therefore, debts can greatly disturb this process, making it difficult to become a millionaire. Because of this, experts claim that it is necessary to pay all debts, even the house, to retire more easily. That way, it's much simpler to apply more of your income to other sources.
This is a tip that will always accompany anyone looking to become a millionaire in a safe way. By diversifying your portfolio and investing in index funds, individual stocks and even cryptocurrencies, you significantly lower the risk of losing all your savings. Thus, although concentrating resources is essential to boost wealth, it is precisely diversification that will keep it safe.
To that end, financial planners recommend investing in many stocks around the world, avoiding a small number of companies. In addition, their mix is also very important, using real estate, bonds, cash and other assets to reach your retirement.
As some people approach their long-awaited retirement, it may seem more tempting to upgrade their lifestyle. However, experts claim that these actions can greatly unbalance our plans, making it difficult to accumulate money. After all, the more we work, the more tempting it is to increase the cost of living with things that provide us with more comfort.
However, instead, think about how to direct part of that salary to some economic fund or pay off some debt.