Even with the nature of our society, retiring early is possible and achievable (especially if this has always been your lifelong goal), you only need to be willing to make some sacrifices. Jumia Travel, the leading online travel agency, shares 4 things to do if you want early retirement.

Avoid Spending Mindlessly

The most important step in controlling your finances enough to make early retirement possible, is to track your spending. You have to know what you’re spending on and if it’s necessary for you to spend that much on it, or even spend on it at all. Know how you spend, determine necessary expenses and focus your efforts on reducing or eliminating negligible or unnecessary expenses.

Stop Lifestyle Inflation

Try to avoid living at the maximum standard your income allows. Find a middle point and contently build your life around that, while you save and wisely invest the rest to further increase your earnings. If your income increases, try not to over boost your spending and put a reasonable portion of the extra money into savings. You can also apply this strategy to other surplus money like bonuses, and other small windfalls. This will benefit you far more than buying the latest gadgets and travelling to the most exotic locations all the time.


Go Home-Made

Opt for home-made food, as opposed to eating out all the time. If you’re skeptical about just how financially beneficial this strategy is, give it a shot for a month and see the results. You can even save some more money if you know how to negotiate well for groceries and food stuffs at the market. In addition to the financial benefits of going home-made, there’s also the health benefit of eating fresher and healthier meals.

Stop Trying to Please or One-Up Your Friends

This is one of the biggest money wasters and the greatest enemy to early financial independence. Keeping up with the Joneses and trying to live up to your friend’s standard can end up not only robbing you of a chance at early financial independence, but it can also mess you up financially. Avoid going out all the time, spending in places you never intended to spend in, and spending lavishly on things that you could care less about because of so-called friends. Stick with friends with the same financial mindset as yours, who will contribute positively to your goal of achieving early financial freedom. You’ll be better off for it.


source: http://www.jarushub.com/4-important-things-to-do-if-you-want-to-retire-early/

cc: lalasticlala mynd44

Great Piece..

Ok. Work really hard while you are young.

why na i thought i will make FTC

Best steps to retiring early: Give birth early(As soon as u can afford to adequately provide for them)
Give ur kids the best available education and train them to be responsible.
Marry a wife not a slay queen
Invest in real estate instead of cars and other liabilities.
Invest in individuals(Human capital)

Quite insightful

speezyWears:
Avoid Oloshos and Slay Mamas,

Dont take uber of 1500 when Danfo covering the same distance will take 150Naira

Stop outsourcing your office shirts to dry cleaners..try washing and starching it yourself if you are an upcoming employee,

Stop subscribing for dstv when you only have the weekends to watch it.. do Gotv( if u are upcoming with no kids)

Stop investing in expensive phones...Snapchat or IG dont recognize that crap..what's worse..u"ll be chasing a slay momma whose pictures were updated from a Gionee or Tecno phone... Get sense.

#word

Set up your own foreign number(USA, MEXICO AND CANADA) for 4500 to call and text anybody internationally freely without any monthly maintenance fee check signature

invest your time and money.

Noted.

Invest and watch it grow. Simple

mtcheww i already know this.

Look out for avenues to invest and keep investing....

In summary.........."never live champagne life on beer income"
#lobatan

OP stop deceiving people.

Who retires in Nigeria?
Has Buhari retired?
Has E Clarke retired?
Has Tony Anenih retired?
Has Igbinedion retired?

Then one mumu will retire at 50.

investment is the real deal





but how can we invest Wen we don't even have work?

nobody is willing to give you loan


#fucktheworld

Ok

in this kind country where everything is expensive, how do you manage with 50k salary? abi you should live in a slum and eat 010 daily, and trek to work, so you can retire early, that's if you don't get hit by a vehicle while trekking or badoo mines your skull.....

These are definitely not the most important things to do to retire early.

To retire early

Invest now.
grow your brand/self so you can increase your earnings.
make achievable plans for the retirement.

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visit www.jarushub.com

Avoid Oloshos and Slay Mamas,

Dont take uber of 1500 when Danfo covering the same distance will take 150Naira

Stop outsourcing your office shirts to dry cleaners..try washing and starching it yourself if you are an upcoming employee,

Stop subscribing for dstv when you only have the weekends to watch it.. do Gotv( if u are upcoming with no kids)

Stop investing in expensive phones...Snapchat or IG dont recognize that crap..what's worse..u"ll be chasing a slay momma whose pictures were updated from a Gionee or Tecno phone... Get sense.

Cool
Well done JarusHub.

You will also need a long healthy life to enjoy it.

It will make you to be stingy

Emereolevanwill:
mtcheww i already know this.

How come you are still broke then?

.marry on time

Give birth to your children on time

Bcus it is not easy training your children in school as a pensioner

Paying school fee with pension money

Hmmmmmmm

My greatest means of spending is friends and family, I find it almost impossible to turn down request, the request keeps coming in month after month.

Do a long term target savings in an insurance company.


Thanks me later

Thanks for sharing

speezyWears:


How come you are still broke then?

some question dont need attention. you just have to ignore the dude bro.
@ op your head they there jor

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