The early-retirement movement is getting popular as more people are exposed to the concept of reaching financial independence as soon as possible. Thomas Smale wrote on Entrepreneur, “those in the early-retirement movement do share one common trait: They typically adopt a contrarian mindset that produces a fascinating lifestyle, spending, and retirement planning insights.” Here are 5 lessons from people who retired at 40:
- They understand the math of financial independence
- They spend less, but are just as happy
- They invest early and over decades, not years
- They avoid high investment fees
- They buy cash-flowing assets