Envision this: no deadlines, no rush hour traffic, no annoying & demanding bosses, and best part of all no early morning alarm clock! Wow, that would be an amazing feeling wouldn't it? The freedom of life to do whatever you want whenever you want, retire early and enjoy life with these simple suggestions.
No matter how long you have been working, in the back of your mind is “when can I retire?” Everyone's goal in college is to obtain a degree to be employed and work your tail off until it is time to hang it up. But do you really have to work until you have enough money saved up? Why not retire early and enjoy life, you don't have to wait until you are of “age” to retire, 20's & 30's is the new age!
If your goal is to retire in your 20's and 30's then you need to get to work and earn some astounding cash. If you are in your 40's or older then you probably have some money saved up but you will still need to consider bringing in money especially if you want to retire early and enjoy life. Either way is completely doable you just have to set your short term and long term goals and stick to them.
The very first thing that you should consider is: how much money is your so called awesome retirement plan or 401K really making you? If it is not making you 20 – 49% return on investment then throw away your dreams of early retirement; you might as well plan on working until you are in your 70s or 80s. You need to have a “retirement” plan that is working for you not the other way around.
You should evaluate how you are going to earn enough money to provide for your retirement lifestyle. You will have to have monthly income to be able to sustain just the basics in life like water, food, & shelter. The million dollar question is HOW. It is possible and I have watched numerous people in their 20s and 30s who have chosen to be retired and are living the life of luxury.
The secret that they have established to retire early and enjoy life is they have invested into a business that has provided them with residual income. These people have realized that they need monthly income and the only way to sustain this without a job is to increase their residual income. Because this is a monthly paycheck, once you have all of your bills paid off then that money can then be re-invested or better yet allow you to retire and live your dream life.
Retirees will tell you that life is great, when they have money! Without money you will never be able to retire early and enjoy life. So, start now and find your investment that will provide you with the life of your dreams. You are never too early to retire and you are never too young to learn how invest and start to investing. Invest in your future; let you money work for you not you work for your money.