I’m a Self-Made Millionaire: 5 Ways I’m Planning My Retirement — Without a 401(k)

Core Insights - A growing number of self-made millionaires are successfully building wealth for retirement without relying on traditional 401(k) plans, showcasing alternative strategies for financial security in later years [1][2]. Real Estate Investments - Real estate is identified as a central component of early retirement planning, with rental properties providing regular cash flow and property appreciation. The strategy involves purchasing undervalued properties, renovating them, and renting them out, which also serves as a hedge against inflation [4]. Investing in Precious Metals - Precious metals like gold and silver are viewed as protective assets against economic instability. While they do not generate income, they serve as a store of value and contribute to portfolio diversification [5]. Investing in Farmland - Farmland is recognized as a unique and stable investment class, offering passive income through lease agreements with farmers or profit shares from crop sales. This investment is also considered a hedge against inflation and supports long-term wealth building due to the increasing demand for agricultural products [6]. Investing in Small Businesses - Investment in small businesses, either as a silent investor or through equity crowdfunding platforms, allows for profit participation while minimizing involvement in daily operations. This approach supports emerging entrepreneurs [7]. Investing in Index Funds and ETFs - Index funds and ETFs are highlighted as cost-effective investment options that provide exposure to a diverse range of stocks. They are considered a hands-off method for wealth accumulation, generating passive income through dividends and capital appreciation [8].