My current salary is $47,500 annual. Is there anyway or anything that can help me retire early ?

My current salary is $47,500 annual. Is there anyway or anything that can help me retire early ? Should I enroll in my company's 401K Plan?

Public Comments

1. Win the lotto.
2. Not sure how old you are..but you should definitely enroll...the younger you are the better as you will accumulate more money.
3. Enroll in 401k. If you don't you are never going to retire comfortably. Plus, without fail, every year buy $5000 worth of good quality stocks. In 30yrs you should have close to 1 million, both plans combined.
4. Yes...Any company that offers 401K plan for their workers should be taken advantaged of as soon as possible. Believe me be, it'll pay off BIG-TIME later.
5. Well, if you can spend less than your salary, then you can use the extra money to put a down payment on a rental property. You would own the house and rent it out to someone, an after you pay the mortgage, taxes, insurance, etc, however much is left over will be your positive cash flow. If you can buy one house a year, and build your monthly positive cash flow, then you will be able retire early. Read "Rich Dad, Poor Dad" for more on that idea. And of course, enroll in your 401k as well.