13 Lifestyle Changes for Early Retirement Success

Krystal Smith

Retiring early may seem like a dream, but it’s possible to achieve if you put in the effort. A big help in making that dream come true is avoiding any habits or expenses that keep you from being financially independent and retiring early. Here are 18 things you should eliminate if retiring early is your goal.

Excessive Debt

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Focus first on paying down high-interest debt, such as credit card balances and payday loans. Paying these off before investing is a surefire way to put more money in your pocket because the interest charged on these loans can be eye-popping. Make sure to pay at least the minimum on your low-interest debt (e.g., student loan debt, mortgage), and consider creating a plan to pay those balances off before increasing your investment. 

Impulse Spending

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Create a budget that works toward your financial goals, and know the difference between what you need and want. Knowing this will result in being more mindful of purchasing things because it is a good deal. 


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If you never use them, cancel them! You can use one and save even more money if you have more than one. Can’t cancel? Look and see if there is a similar service without any fees. 

Unnecessary Expenses

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Take a hard look at your monthly spending to determine where to cut back. Decreasing discretionary spending on non-essential items will significantly increase your ability to save. 

Limit Your Credit

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Just because the cash is there doesn’t mean it will last forever. Who wants to pay off a t-shirt with interest two years from now? Plus, the less you use credit, the more money you will have. 

Unplanned Housing Outgoings

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Assess your housing outgoings. After that, evaluate the measures you can take to reduce costs. Some of the elements you may consider include downsizing the home you live in, refinancing the mortgage you currently are in as well, and relocating to a different part of town. 

Sell Your Unused Possessions

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Another benefit of decluttering is the opportunity to sell unused items. The earnings from selling your possessions can be put into your savings account. 

Reevaluate Your Brand Loyalty

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Generic or store-brand products provide the same quality without the extra price. Typically, brand loyalty schemes offer you products at a lower cost.

Avoid Unnecessary Technology 

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Upgrades determine whether or not a technology upgrade is necessary. Spend your money on functionality rather than fancy trends. Only purchase new technology when the old technology can no longer meet your needs. 

Reduce Your Meals Out

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Cutting back on excessive dining out in favor of home-cooked meals will save money and also help you make healthier choices about what you are eating. 

Reevaluate Whether You Need Your Gym Membership

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Are you using your gym membership? Could you be getting the benefits of a gym membership without the high cost? Organizations or clubs: Do you belong to a club or organization whose membership you could cancel? Are you using all of the benefits it offers? 

Unplanned Healthcare Costs

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Preventing incidental healthcare expenses is one way to avoid taxes and unplanned medical costs. You can prioritize getting yearly checkups for your health and well-being. You can ease the pain of taxes and unexpected costs by maintaining a healthy lifestyle, being active, and finding cost-effective healthcare solutions. 

Unsustainable Lifestyle Inflation

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Don’t fall victim to lifestyle inflation if and when your income goes up. Lifestyle inflation is the act of increasing your spending as your income goes up. There’s a saying that states, “The more you make, the more you spend.” Plenty of high-income earners are always in debt because they just spend their money every time they make it instead of saving it or investing it.

Effortless Ways to Earn Money While You Sleep

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If you are looking to boost your bank balance, take a look at these 16 easy ways to make money while you sleep.

High-Potential Careers Where Experience is Not Needed

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If you have little experience in working different jobs but you are looking for a well-paid career, take a look at these low-skill, high-paid jobs.

Legit Ways to Make $200 in One Day

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Are you in need of some extra cash and want to make $200 a day quickly? Whether you have an unexpected expense, want to supplement your income, or just want to work from home, there are numerous legitimate ways to achieve this goal.

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