We're in our 30s with a $2.6 million net worth and want to retire now but we want to get a beach house first - are we making a mistake?

The article emphasizes the risks of tying up money in real estate for those aiming for early retirement. While real estate can offer passive income, it's vital to diversify investments and prioritize income-generating assets. A couple in their 30s, with a substantial net worth, contemplates purchasing a beach house. Initially seen as a potential risk, their plan to partially rent the property alleviates concerns as it could generate income, demonstrating the significance of strategic investment decisions for early retirement viability.

Retiring early always carries risk - namely, that you'll run out of savings and end up having to eventually return to work.

To retire very early with only a few million dollars, you need to make sure your portfolio is filled with income-producing assets.

Read at 24/7 Wall St.