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How to Invest and Make Money for Your Early Retirement in 3 Ways

How to Invest and Make Money for Your Early Retirement in 3 Ways

Have you ever imagined of retiring early? It’s one of the BIG questions that some young adults ask themselves. In this content, we’ll talk about how proper investments can make solid money that will help you retire early and secure your financial life.

Why Invest? There are many factors that drives an individual to invest whether short term or long-term, but the major reason that I believe influences our desire to invest is our income and our future family.

When I was 18 years of age I started to follow the traits of my father who was local cheese bar tender. He used to take me to investment clubs where he was a member and it really build my confidence of having a stable investment. By the age of 23, I had already acquired a lot of skills on investment which led me to join relevant investment clubs.

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If you would like to make money and retire rich without any debts, then I’d encourage you follow these tips.

1. Invest in Real Estate

Real estate is one of the lucrative investment platforms that can make you or destroy you. If done correctly you can start to the benefits immediately but that will depend with your initial capital.How do you make money from real estate?

From my own personal view, I’d suggest that you build an apartment that has 10 units and of each 10 units I’d suggest that you charge $1000 each unit.  When you do your calculation, you will see that you will make $1000 x 10units = $10000. From my own perspective, $10000 good money to make on a monthly basis.

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2. Investing in IRA (Individual Retirement Account)

Another area of investing that I’d recommend is the IRA. At this point I’d advice that you invest at least $5000 in IRA under Drip Account. Drip Account is a popular and safe investment portfolio under IRA that that provides high value of money with less commission. If you contact any professional investor, they will propose that you invest in IRA.

3. Invest in the Stock Market

This could be touch and go so studying up on the stock market is highly recommended.  It can be a very profitable market but very risky portfolio, if done badly; you’ll end up losing all your investment. If done well, early retirement will be your reward.

My advice and approach

When I was doing my project in stock market, I realized that the best way to make money and hold your investment tightly, it would be by investing in penny stock. You can make some nice earnings by holding 1 – 2 stocks and the results would be awesome. But you really need to be careful with the market conditions based on demand and supply.

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For you to succeed in this industry, I would suggest that you get a certified professional investor who will take through from the start till the end. Most professional investors who are skilled in trading stock are very hard to hire because their return on investment is high.

When you follow the above 3 tips on investing and making money, I can really assure you that when you retire, you’ll have a secure life in terms of wealth.

Now it’s your turn

We hope that these few helpful tips can help you get started on the path to early retirement. Implementing the strategies, and the provided information will help you in building your wealth both for yourself and your family.

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If you want to build a proper investment portfolio, then I’d vouch for the 3 tips. If you have any suggestions or investment tips to add to this, leave your comments below!

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Last Updated on January 21, 2020

How to Develop a Millionaire Mindset in 6 Simple Steps

How to Develop a Millionaire Mindset in 6 Simple Steps

We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

Millionaires play to win, not to avoid defeat.

This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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If you are to become a millionaire, you need to start accumulating money.

Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

Stop working for your money and make your money work for you.

Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

There’s not just the stock market — there’s also property, and your own education.

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4. Never Stop Learning

The best thing you can invest in is yourself.

Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

Learn everything you can about how economics works, how the stocks markets work, how they trend.

Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy the Attention

To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

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Featured photo credit: Austin Distel via unsplash.com

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