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Boat Diving Boards and Early Retirement

For many Americans, early retirement is a dream they have had since they entered the workforce all those years ago. About half of all Americans wind up retiring early, between the ages of 61 and 65. And a whopping 20% of American workers retire before they reach the age of 60.

Why do so many Americans desire to retire early? That is a silly question. They want to retire early so they can spend more time doing the things they love, like taking trips on their boat.

So, what can you do to make your dream of an early retirement a reality? There are several things you can do to ensure a successful early retirement. Lillipad Marine, your source for boat diving boards, offers tips that will help you reach your goal of retiring early.

Go Small

You enjoy your big house, but your big house is also a big expense. We aren’t just talking about the price you paid for it. That big house costs you a lot of money in energy bills, upkeep and maintenance. You have to stop and ask yourself if it is worth the express and headaches.

The big house served its purpose when you were raising your kids, but now the kids have grown and flown the coop and you don’t really need all of that space. You would be better off downsizing and saving money. At the very least, a smaller house means fewer rooms to vacuum.

Find a Job

Many retirees aren’t against working, they are just tired of the 40-plus hour work week. They have had it with the 9 to 5 grind. There is the perfect retirement job out there for you if you look hard enough for it. The right retirement gig can provide a nice stream of money with the added benefit of leaving you enough free time to enjoy boating, golf and boating.

Why yes, we did mention boating twice.

Cook Dinner

While it is nice to go out for dinner at your favorite eateries, it is also a big expense. You will save a lot of money and probably eat better staying at home and cooking your own meals. You should also be pacing your lunch for work instead of hitting Chipotle. The money you save can go towards your early retirement.

Never Spend Found Money

Just because you got a big bonus or a really nice raise, it does not mean you have to rush out and spend more money. Just pretend like nothing happened and put that found money in a savings account or invest it in your retirement fund.

Saving found money never puts you in a financial bind because it does not change your monthly budget.

Save Your Change

People who are planning on retiring early should have several cans in their homes to collect loose change. It might sound silly to collect loose change, but it really does add up over the years. At the end of the day, drop whatever change you have in one of the jars and watch as it fills up.

Care For Your Car

If you have a car, make sure you take good care of it and it will save you thousands of dollars over the years.

Cars are expensive to buy and they are also expensive to maintain. However, it is a whole lot less expensive to have your oil changed at regular intervals and have it inspected and maintained than it is having to fork out big bucks for repairs.

And the longer you can keep your car in good working order, the longer you can wait to buy another car. Over time, this will add up to literally thousands of dollars. Even if your car is paid off, continue taking it to your mechanic on a regular basis.

Save Money When the Kids Leave

If you have kids, then you know just how much money it costs raising them. You might be sad when the kids move out, but at least you will have more money to show for it. The money you save when your kids move out should be used to pad your retirement fund.

And don’t forget to save enough money for a diving board from Lillipad Marine.