This 35-year-old retiree shares 5 of the simplest and most effective habits that will help you retire early. via CNBCMakeIt
The habits of early retirees tend to be profoundly powerful, yet strangely simple. The large majority of early retirees saved a bunch of money, that probably goes without saying. How many of their lifestyle techniques could be picked up and mastered by almost anyone? Probably more of them than you think.
Not only does this habit help acquire the wealth needed to see early retirees through their much longer retirement horizons, it also helps to establish healthy lifestyle decisions, like living sensibly, understanding"enough" and recognizing what truly makes us happy in life. Start by going through your bank and credit card statements. Take the first 20 expenses and consciously try to remember those purchases. What did you buy? And are you still deriving the same value from that purchase today? You might say"Yes" to many of those buys, but I found myself regretting more and more of my purchases as I got more comfortable with this habit.
Becoming more comfortable in uncomfortable situations helps to ease the mental component of quitting work early in life.Naturally, if you're calling it quits in your 50s, 40s or even your 30s, you are probably pretty darn optimistic about your future! The thought that your stash will last you decades or more without having to work means you're generally positive about your future and believe that things will work out.
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