How Can You Retire Earlier on Same Salary?

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1) Take right investment risks

Invest in a variety of retirement accounts. Stocks and real estate carry a degree of risk, but they outperform savings accounts over long periods of time.

2) Create Emergency Fund

You should have a savings account in case of an emergency. Period. You can use the money to fix your car, buy a new appliance, or pay for your pet's medical bills.

3) Live in affordable area

Investigate options for reducing the cost of a home. Take in a couple of roommates if you can. To save money on their mortgage, even married couples rent out a spare room.

4) Don't rush for marriage

 Keep an open mind when it comes to finding a partner who is both financially and personally compatible.

5) Marry the right person

If the person you're in love with is evasive when it comes to future plans or reckless with their spending, you may want to rethink your intentions if this is the case.

6) Try to Stay in Marriage

Relationships aren't without their bumps in the road. Be ready to deal with them. Divorce is a costly and traumatic experience, to say the least. 

7) Don't have kids early

Unplanned pregnancies can be financially and emotionally draining. Especially if Mr. or Ms. Right turns out to be wrong.

8) Consider smaller family

Before getting married, discuss how many kids you want. Due to hefty costs, some choose for one or two children.

9) Think about at-home parenthood

Some people want one parent to stay home for years. Stay-at-home parents may have problems finding jobs if they stay out too long.

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