In early retirement, it is also key to choose strategies that will ensure that you do not run out of money. For example, if your strategy is to sell off shares and an economic collapse brings the share prices down, you may end up selling your shares at a loss.
Instead, opt for investment strategies, for example, living off dividends where even in an economic crisis, companies are still likely to pay their shareholders dividends thus you will not run out of money.
Buying real estate as an investment is a great early retirement backup plan. Having real estate as an investment is good for cash flow, building equity, diversity, and security.
Even though the economy can be in bad shape, people always need a place to live. Many would say that the best way to build wealth is through real estate investing.