Quote from: wxa7115 on June 10, 2024, 06:08:49 AM

Quote from: mirakal on June 09, 2024, 09:42:12 PM

Early retirement is certainly a choice but it’s an inevitable thing, that’s why we have to prepare for it whether we like it or not, in order to retire peacefully and financially secured. Although not all retirees have the capability to retire stress free from financial struggles, that’s why we are a given a lot of time to prepare for it, and by not missing opportunities to work for an income and investment for passive income as well, we can actually reach the retirement period without so much thinking if we can still survive this retirement age or we end up struggling again with money and finances.

Retiring much earlier than what the law may state on you country is possible, but it requires meticulous planning as this will not simply happen on its own, even if you were to earn a lot of money for a long time.

In my opinion the most important step is to become an investor as soon as possible, since the longer you can remain invested in an asset, the more profits you can get simply by holding it long term, so someone that invested all the money they could since their early twenties, will achieve great results by their early forties, results which could be good enough to allow them such an early retirement.

Yes, having other sources of income to back up is way better rather than relying solely on the money we get from retiring. It is about preparing for the future and while we still have enough energy and sustainable monthly income, investing should have to consider the most than just saving. And I see this as not a common view and plan of many people who retire as they just take action which is absolutely a big mistake.

As we are experiencing high inflation rates, the more we create plans that can help us sustain and survive. Taking a step toward an earning opportunity should not be ignored instead, must do it as early as possible.