By taking the time to read this article proves that you are serious about retiring on your own terms. It also proves that you are eager to formulate a plan to retire wealthy and comfortable. Do you want to retire early possibly and live the life you have always dreamed of? Its possible but its going to take hard work, dedication, and changing your financial mindset today! Read on to learn how to retire to the life you've always dreamed of.

Step 1: Its important to cut back on spending in the earlier years of your life if you want to retire to the good life. I am not saying to live off of crackers and to live in a cardboard box with a million in the bank. I am saying to budget your money carefully and go without some things you don't really need. Do you need that coffee everyday from Star Bucks? Maybe you could make your own coffee. Or you can try cooking more meals at home instead of dining out all the time or just dine out on the weekends for example. If you can cut back on spending and spend less than you make, then you will be well on your way to being able to retire when you want and being financially secure. This also means you will have more money to devote to more important things like paying off debt or saving for retirement.

Step 2: Open up a Roth IRA and/or contribute to your 401K at your job. Try to put as much money into these accounts as possible. Ideally, you want to max out your contributions to these accounts but not all of your money. If you want to have the best shots of retiring comfortably, then you are going to need to use most of your money to invest in other investments that will bring you more return on your money.

Step 3: Consider investing in real estate. This is one of the fastest ways to get on the fast track to retiring when you want. Real estate is one of the top investment vehicles the rich use to make even more millions and increase their net worth. Read as many books as you can on investing in real estate, attend seminars, talk to agents or people you know who are in real estate, and just have the courage to take that plunge into real estate. It is the best way to retire early and become wealthy.

Step 4: Start planning your exit from your job now!!! You need to decide how much you will need in retirement and set out to start preparing for retirement and funding it. Make sure you are putting away enough money to ensure you have a comfortable retirement and don't run out of money. There is nothing worst than running out of money in retirement. Most financial advisors believe people need around 80% of their final salary to retire comfortable. It may be more or less depending on your situation and how financially smart you are.

Step 5: Think of ways to create as many streams of passive income as possible. Passive income is the least taxed by the government, and you don't have to work as hard for it. Consider investing in stocks that pay good dividends, or inventing or creating something, or even starting your own business. All of the above are examples of income that is passive and can bring you fortunes without you having to lift a finger. The hard part is building up these streams of income.

In conclusion, never stop learning. You have to be willing to be disciplined and smart with your money in order to retire when you want to. To get rich, all you have to do is know the difference between an asset and a liability and buy assets that put money in your pockets. Thats it! Work hard and Good luck!