Post
Topic
Board Economics
Merits 1 from 1 user
Re: Early Retirement [Pros and Cons]
by
Xcode7
on 14/10/2023, 15:09:57 UTC
⭐ Merited by fillippone (1)
In my country people usually work until more than 35 years old so I think this is a waste of time, I have worked more than 5 years since I graduated and hope that in a maximum of 5 years I can retire when I am around 34 years old, I want to do things I like like traveling and now I'm investing in fruit plants and I'm sure in 2 or 3 years the harvest will come true and I can make my dream of retiring soon come true.
The thing is, if you wanna ensure that you can have a good early retirement you'll have to secure a stable financial lifestyle that will last for the rest of your life. If you only focus on the now and a few years ahead chances are you'll be finding yourself back to work in a few years when all your financial savings and investments are all used up. Hence, it is suggested to build or find a source of income that will be constantly providing you with all the financial needs you'll require.
The main problem is finances, everyone definitely wants to retire at a young age and do many things they like without having to have the responsibility of working, but financial constraints force someone to continue working.
In my opinion, there is no problem for people who want to retire early or want to work as long as they can because we don't know what people like and we also don't know the reasons why people work (on average it's because of finances) but there are also people who work because of their hobby. and his desires.

Personally, I have thought about retirement and financial freedom in old age. Even though I have made plans, that doesn't mean it will be easy for me to achieve it, so that's why I continue to work, build assets and other businesses to achieve financial freedom in old age. Later, no matter how old I am, I will achieve this. This is definitely not a matter of age, but of readiness.