Retire Young, Rich and Happy

By: Ryan

Wouldn't it be great to retire young? You would still have the energy and ability to travel the world and lay on Caribbean beaches without a worry in the world. Sounds nice, doesn't it?

The truth of the matter is that this is obtainable, and you don't have to hit the lottery or sign up for some get rich quick scheme in order to achieve your financial goals. That's no way to plan to retire young, rich and happy. The "secret" to making your dreams come true is actually not a secret at all. It's just a matter of knowing how to become a millionaire, developing a millionaire mindset and putting what you know into action.

Chances are you already know what it takes to become a millionaire, so that's out of the way. The only thing restricting you then is taking action. So what is it you need to do and how do you take action?

The first step is to develop a saving attitude. By regularly and automatically saving a part of your income, you can invest that money so it gets working hard for you and creating more money. When you develop the habit of saving money and then regularly investing it, the power of compound interest allows you to double your money in about 7 years, and then double it again in 7 more years. This is assuming just average investment returns from a plain old stock market index fund, not from high-risk investments that are sure to lose you money.

So start with developing a saving attitude and becoming a long term investors that regularly invests in a plain old diversified mutual fund, and your financial dreams will come true.

Retirement
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Retirement