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Most of us, if not all, want to retire comfortably. It is the dream. To work hard now then retire early with all our hard-earned cash in some beach sipping pina colada as you lay in the sun or pursuing your real passion of writing or painting or making music or settling down and just doing whatever you want like traveling the world or volunteering or being a stay-at-home parent, that is the dream. And most of us, if not all, see that dream with ourselves financially comfortable because no one wants to work for the rest of their lives living from paycheck to paycheck. But how does one achieve that dream? How can you be a millionaire by the time you retire? Here are some tips to follow if you want to retire a millionaire.

Set Goals
As early as now, whether you’re a fresh graduate, a yuppie, or a veteran, set your goals now. What do you want to achieve? Where do you want to settle? How do you plan on getting there? All of these are essential so that you can see your progress and you’re clear as to what you want in life. Goals serve as a reminder and an inspiration to keep going.

Save Up
Obviously, if you want to be able to spend in your later years, you have to save up now. Set aside money for your retirement plans. Here are some tips you can use to save up effectively:

1. Set up separate account for your savings and auto-transfer a portion of your earnings to it. Pay yourself first before anything else.

2. Keep the change. A little change goes a long way. Keep a piggy bank or a jar where you can put your change and once its full, deposit it. You’ll be surprised at how quickly changes accumulate if you save up daily.

3. If you get a raise or promotion, if you can, allot that extra cash to savings as well. Your lifestyle won’t change so it means your expenses will stay the same. The extra cash is big help to fatten up that account.


Earn More
There are many ways to earn more. You can work two jobs or run a sideline business while on your 9-5 desk job or do freelance. However, one of the most effective ways of earning more without having to compromise your time that you could allot to spending time with friends and family and living a private life is to make your money work for you. You have the option to invest. With the right research and analysis you could take advantage of the financial markets.

Be Ready
Be prepared for drawbacks. Not all ventures you have will succeed. There will be days that you’ll need money for emergencies, times when you will lose money. That’s why you have to be ready. Know what you can do to minimize the damage to your saving in these times.

Be Aware
One of the most important thing to remember if you want to be financially comfortable is to watch your spending. Loans, get-rich-quick schemes and credit cards are some of the things to look out for. Impulse buying, vacations, gifts, and personal effects are things that are inevitable that’s why you should try to be practical. As much as possible, budget your money and cut down on lavish spendings. If you want to be financially stable for the rest of your life, learn to live according to your financial capabilities.

Maximize Opportunities
Be on the look-out for cash opportunities such as minimized tax by keeping receipts, discounts on things that you really need, and being practical in using your resources. Be frugal.

Be Patient
Achieving a goal as big as getting a million requires patience. There is no easy way to success. You have to persevere and keep your goal in mind at all times. Because once you get there, to your beach, or your passion, or your couch without the worries of work looming, it will all be worth it.

Conclusion
While these steps are not a guarantee of achieving your goals of becoming a millionaire retiree, they are generally effective. And with some luck and perseverance, you could be retiring with no worries for your finance.