Finance Expert Shares Top Tips to Retire at 40—And You Need 'Laser Focus'

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Mikey Taylor told Newsweek that 'traveling, partying or having a nice work/life balance will have to wait until after 40.'

Many Americans might not consider retiring until they're in their sixties. But what if there was a possibility of retiring at 40 instead?Mikey Taylor, president of Commune Capital has recently shared his multi-step process that could allow workers to retire at the age of 40—but only if they're willing to commit wholly to the goal.

'Although you will not be withdrawing from this until you're in your sixties, it can become very sizable and the gains are tax-free. Compound investment loves time, so it's important to start investing young,' he said.While getting onto the property ladder is a huge achievement regardless of age, Taylor recommends 'house hacking before buying.''As a first-time buyer, you can qualify for some cool financing options which require lower down payments,' he said.

 

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