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9 Steps Every 32-Year-Old Should Make If They Want To Retire Early

If you want to retire before 66 but your income doesn’t allow you to invest thousands of dollars a month, we’ve got nine simple steps 32-year-olds can use as a starting point to set your retirement planning up for greater success and earlier achievement.

1. QUIT YOUR 9-5 JOB

Have you always dreamed of starting your own business? One where you could work from home and set your own flexible hours? This could be your perfect opportunity.

Not sure where to start? Look into bookkeeping. It’s the No. 1 most profitable business, according to an article in Inc. And you can earn up to $64 an hour.

You don’t have to be an accountant or good at calculus to be successful at bookkeeping, either. As long as you’re motivated, a company called Bookkeeper Launch will teach you everything you need to know. It’s one of the leading training courses in the field, and it’ll even give you the first three classes for free.

If you’re just a little curious, you just have to submit your email address here to take the first free classes.

2. DON’T SKIP OUT ON FREE MONEY

Here’s the deal: If you’re not using Aspiration’s debit card, you’re missing out on extra cash. And who doesn’t want extra cash?

Yep. A debit card called Aspiration gives you up to a 5% back every time you swipe.

Need to buy groceries? Extra cash.

Need to fill up the tank? Bam. Even more extra cash.

You were going to buy these things anyway — why not get this extra money in the process?

Enter your email address here and link your bank account to see how much extra cash you can get with a free Aspiration account. Don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s just nerd talk for “this is totally safe.”

3. STOP WASTING $825 ON CAR INSURANCE 

How often are you even using your car right now? Regardless, there’s one thing we’re nearly certain of — you’re overpaying on car insurance.

That being said, shopping for car insurance is a pain which is why we like using a free service like Gabi. In just a few minutes you can see if any other companies are offering a cheaper rate with the same coverage and deductibles you already have. 

You don’t have to fill out any forms. Just link your existing insurance account and enter your driver’s license, and it will start looking for cheaper coverage.

They save customers an average of $825 a year. Plus, after you sign up, Gabi will keep looking for savings and alert you if there’s ever a way to reduce that monthly bill even further.

4. GIVE YOUR FAMILY $1M IN LIFE INSURANCE 

Have you thought about how your family would manage without your income after you’re gone? How will they pay the bills? Send the kids through school?

Now’s a good time to start planning for the future by looking into a term life insurance policy. 

You’re probably thinking: I can’t afford $1M in life insurance. But rates start at just $8 a month at Bestow

The application takes just minutes, but the peace of mind of knowing your family is taken care of is priceless. 

If you’re under the age of 54 and want to get a fast life insurance quote without a medical exam or even getting up from the couch, get a free quote from Bestow

5. OWN A PIECE OF GOOGLE OR AMAZON FOR $1

Take a look at the Forbes Richest People list, and you’ll notice almost all the billionaires have one thing in common — they own another company. 

But if you work for a living and don’t happen to have millions of dollars lying around, that can sound totally out of reach.

That’s why a lot of people use the app Stash. It lets you be a part of something that’s normally exclusive to the richest of the rich — buying pieces of other companies for as little as $1.

That’s right — you can invest in pieces of well-known companies, such as Amazon, Google or Apple, for as little as $1.

The best part? When these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends. 

It takes two minutes to sign up, plus Stash will give you a $5 sign-up bonus once you deposit $5 into your investment account.

6. CANCEL YOUR HOMEOWNER’S INSURANCE

You’re probably wasting money right now. And it’s probably on something you’d never expect — your homeowners insurance policy.

This isn’t something you actively think about — you just know you’re required to have it. 

The problem is, you’re paying too much. Luckily, an insurance company called Policygenius makes it easy to find out how much you’re overpaying. It finds you cheaper policies and special discounts in minutes. 

In fact, it saves users an average of $690 a year — or $57.50 a month. It’ll even help you break up with your old insurance company. (You’re allowed to cancel your policy at any time, and your company should issue you a refund.)

And just because you’re saving money doesn’t mean you’re skimping on coverage. Policygenius will make sure you have what you need. Just answer a few questions about your home to get started.

7. STOP MAKING THE CREDIT CARD COMPANIES RICH

If you have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape… 

Your credit card is getting rich by ripping you off with insane rates, but a website called Fiona could help you pay them off tomorrow.

Here’s how it works: Fiona will match you with a low-interest loan you can use to pay off every credit card balance you have. The benefit? You’re left with just one bill to pay every month, and because the interest rate is so much lower, you can get out of debt so much faster. Plus, no credit card payment this month.

Fiona won’t make you stand in line or call a bank. And if you’re worried you won’t qualify, it’s free to check online.

It takes just two minutes, and it could save you thousands of dollars. Totally worth it.

8. GET PAID $225/MONTH TO WATCH THE NEWS

It’s been a historic year in news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves an expert in respiratory illness or a political mastermind.

And research companies want to pay you to keep watching.You could add up to $225 a month to your pocket by signing up for a free account with InboxDollars. They’ll present you with short news clips to choose from every day, then ask you a few questions about them.

You just have to answer honestly, and InboxDollars will continue to pay you every month. This might sound too good to be true, but it’s already paid its users more than $59 million. We talked to one user in Pennsylvania, 52-year-old Carolinda Hendrickson, who earned $1,200 in a year.

It takes about one minute to sign up, and start getting paid to watch the news.

9. GET A FREE 401(K) CHECK UP

More than ever, people are feeling the need to be prepared. If you have a 401(k), you’re already on the right track to secure your future. But it’s equally important to make sure it’s braced for anything — and now is the perfect time to make sure your 401(k) is properly balanced. 

Luckily, an SEC-registered advisory firm called Blooom will give you a free analysis. Are you taking on too much risk in the current market? Too little? Are you actually on track to retire?

It just takes a few minutes to find out. Plus, Blooom will show you if you’re paying hidden investment fees and even show you just how much more money your account could earn by the time you want to retire.