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Early retirees tend to have a similar set of habits.
- Retiring early as a self-made millionaire isn't easy.
- Business Insider has spoken to many people who retired early over the years with net worths ranging from $1 million to over $3 million.
- Early retirees all tend to share the same money, lifestyle, and mindset habits.
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It takes a lot of diligence and dedication to retire early as a self-made millionaire.
Some have done it as young as 28, while others achieve financial independence in their 50s. Either way, early retirement isn't a feat everyone can manage.
As the FIRE (Financial Independence/Retire Early) movement has grown, Business Insider has spoken to many early retirees over the years. They all tend to share some common habits that helped them get to where they are today and maintain their financial independence.
Early retirees typically begin on the same path: Assessing their financial state, cutting back on expenses, and diligently tracking their progress and spending habits. Once retired, they tend to spend even less and often move to lower cost of living areas, focusing on experiences and living a life they love filled with things like hobbies and travel.
Here, 17 habits among self-made millionaires who retired early.