30 Money Ideas That Are Vital For Early Retirement

18. Create Passive Income For Early Retirement

In addition to your regular full-time income from your job, creating streams of passive income will help jump-start your retirement planning (via New Retirement). Furthermore, it could also carry you through difficult periods of retirement. Some people rent out spare rooms through Air BNB to earn extra income. Other ways to earn passive income include establishing a website or blog that generates money through advertisements or affiliate marketing. Setting that passive income into a retirement fund that generates interest or using it to pay off debts can make a huge difference in your retirement planning (via New Retirement).