Top 10 Ways to Retire Earlier Than Friends on the Same Salary

If you hope to retire early, the decisions you make are as important as the money you earn. Here are some tips for getting out of the rat race.

The notion of early retirement is all the rage, with books and blogs devoted to the idea of quitting work while you are still young enough to enjoy life.

If you are not lucky enough to work for a company that provides a pension, self-funding an early retirement might seem daunting — but it can be done.

The key is to understand that the decisions you make are at least as important as the amount of money you earn. If you want to retire early — or at all — keep the following suggestions in mind.

1. Marry or partner with the right person

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A significant other can give you such a thrill, but love won’t pay the bills. Although it’s not unheard of for people to ask about credit scores on the first date, you probably shouldn’t push it quite that hard.

However, talking about other goals and money management habits can be fine fodder for those getting-to-know-you chats.

As the relationship heats up, you need to talk frankly about finances. If the object of your affections is vague about future plans or careless about spending, ask yourself whether you want to do all the heavy lifting when it comes to cash.

2. Don’t be in a rush to pair up

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So what if all your friends from high school or college are getting engaged? That is no reason to rush into matrimony. Keep your eyes wide open with regard to financial and personal compatibility.

You want to pair with someone with whom you can share goals and who is willing to do what it takes to achieve them.

Love makes it easy to overlook red flags such as careless spending patterns, high debt load and an inability to plan for the future. The old saying “Marry in haste, repent at leisure” has a lot of truth to it.

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