I was recently on the Q&A site Quora and someone asked "What should I learn in my 20s that will help me to financially retire at 35 and travel the world for the rest of my life?"
I started my answer "I retired at 43, but if I knew in my 20s what I know now, then I could’ve retired at 35. Here are the 6 steps I’ve developed to help young people set themselves up for a successful early retirement:"
I went on to describe these 6 steps:
- Know Your Numbers
- Figure Out Your Target Retirement Goals
- Pay Down Debt
- Maximize Your Income NOW
- Learn How To Invest
- Slash Your Expenses
To my surprise, in the first 3 weeks my answer had 742k views, 2.88k upvotes, and 935 shares.
Why? Two reasons:
1) Young people are starving for good information about personal finance. They simply don't teach you this stuff in school. And,
2) The 6 steps are very simple. It's not rocket science and is very doable.
If you're still in your 20s, you have the most powerful asset available: TIME. Please enjoy this FREE mini-course illustrating what you should do now so you can be retired by your 40s!
Dylin and his wife, Allison, were able to retire in their early 40s. After both getting laid off, they did the math and decided they didn't have to work for anyone anymore (woo hoo!!).
It took them about 15 years to retire. They didn't inherit any money, have trust funds, or hit it big with a tech IPO. They just followed sound financial techniques - the same ones they teach in this course.
Prior to retiring, they worked in the tech industry in the San Francisco Bay Area. Dylin was Director of Marketing (Tickle, Lumosity, and Basis) and Allison was an IT Project Manager (Accenture, eBay, and Stubhub).
Their website RetireBy45 provides inspiration, tips & resources for retiring early and becoming financially independent.
Dylin is a regular contributor on Quora (Most viewed writer in Retirement Planning) and WalletHub, and has written articles for Business Insider, Elephant Journal, and Lifehack.