5 Money Habits of People Who Retire Early

The traditional retirement plan usually goes something like this: graduate, get a job, climb the ladder, collect a few raises, buy a house, fill it with furniture, gadgets, and throw pillows… then spend the next 40 years paying for it all.

Eventually you retire and finally have time to do the things you’ve been dreaming about. Assuming your knees, back, and retirement account are all still cooperating.

But more people are starting to question that plan. Instead of grinding it out for four decades, they’re making different money moves now so they can retire a lot earlier.

If the idea of working until you’re 67 doesn’t exactly spark joy, here are the money habits people who retire early tend to have in common.

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1. Start Investing with Just $5

You don’t have to be rich or even pay attention to the stock market to invest. SoFi Active Invest lets you get started with as little as $5, no account minimums and no confusing hoops to jump through.

SoFi® lets you invest through a simple app that helps you buy and trade pieces of your favorite companies whenever you want. You can make the trades yourself or let SoFi's robo advisor handle it for you. Either way, you’ll pay no commissions, so more of your money stays in your account to build your savings over time.

Plus, SoFi will give you up to $1,000 in bonus stock when you fund a new account with at least $50.

Put your money to work with SoFi Active Invest today.

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2. Save $1,100 on Car Insurance

You might not even realize it, but your car insurance company is probably overcharging you. In fact, it’s kind of counting on you not noticing. Luckily, this problem is easy to fix.

Don’t waste your time browsing insurance sites for a better deal. A company called Insurify shows you all your options at once — people who do this save up to $1,100 per year.

When you tell Insurify a bit about yourself and your vehicle, it’ll send you personalized quotes so you can compare them and find the best one for you. No phone calls. No spam. Just happy customers (4.7 rating on Trustpilot).Tired of overpaying for car insurance?

It takes just five minutes to compare your options with Insurify and see how much you could save on car insurance.

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3. Get Paid $225/Month While Watching Movie Previews

If we told you that you could get paid while watching videos on your computer, you’d probably laugh.

It’s too good to be true, right?

But we’re serious. By signing up for a free account with InboxDollars, you could add up to $225 a month to your pocket. They’ll send you short surveys every day, which you can fill out while you watch someone bake brownies or catch up on the latest Kardashian drama.

No, InboxDollars won’t replace your full-time job, but it’s something easy you can do while you’re already on the couch tonight, wasting time on your phone.

Unlike other sites, InboxDollars pays you in cash — no points or gift cards. It’s already paid its users more than $56 million.

Signing up takes about one minute, and you’ll immediately receive a $5 bonus to get you started.

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4. Stop Paying Your Credit Card Company

If you have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape… but a website called AmONE wants to help.

If you owe your credit card companies $100,000 or less, AmONE will match you with a low-interest loan you can use to pay off every single one of your balances.

The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmONE rates start at 6.49% APR), you’ll get out of debt that much faster.

It takes less than a minute and just 10 questions to see what loans you qualify for.

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5. Earn as Much as $1K/Month Doing Simple Online Tasks

Is there such a thing as easy money? If you know your way around the web, there certainly is.

That’s because data is currency these days, and many companies are willing to pay cash for it — up to $1,000 per month.

Finding these companies can be time-consuming on your own. But a company called Freecash has compiled all sorts of quick cash tasks from about a dozen advertisers and market research companies thirsty for data. Freecash has paid out more than $13 million to users since 2019.

Pick and choose tasks and complete them at your convenience. Convert the coins you earn into things like Visa gift cards, Amazon gift cards, cryptocurrency or cold-hard PayPal cash.

Signing up for a Freecash account is easy, and there’s no minimum amount to cash out. And if you’ve got enough free time on your hands, you can join the ranks of Freecash users making upwards of $1,000 a month in extra cash.

Sign up here to see how much you could earn.