If life were Grand Theft Auto, all you’d need to do is enter a code on your controller to pad your bank accounts. But real life is not Grand Theft Auto, unfortunately (or thankfully, perhaps). And as such, there are no cheat codes that are going to send you into retirement at an early age. That doesn’t mean you can’t create your own cheats and shortcuts. Though there’s no such thing as a free lunch, there are methods and strategies you can employ to save more, spend less, and reach retirement at a much earlier age than your peers.
Even if some of them may be obvious, some of the following methods and strategies are underutilized or downright ignored by millions of people. But putting them to work can help you retire early — very early — with a combination of discipline and luck.
Let’s take a quick look at 15 cheats that can set you on the path to early retirement and financial independence.
1. Start with your significant other
- Retirement killer: The average divorce costs more than $15,000.
Love arrives when it’s least expected, for many. But if you’re taking a more strategic route, you may want to go old school — by marrying rich. Obviously, this is a little scuzzy, if not downright difficult. So, perhaps just look for a partner who is organized financially and won’t break the bank by spending money on status symbols. Again, you fall in love with who you fall in love with. But if you’re on the hunt? Find someone with similar values and goals. Plus, a divorce can be financially devastating.
First comes love, then comes marriage, then comes…