How Soon Would You Like to Retire?
Wouldn’t it be great to say goodbye to the daily grind while you still have your own teeth?
In our early retirement fantasies, we’re traveling the world, healthy and in the prime of our lives, visiting those hard-to-pronounce countries we’ve always talked about and sampling the finest local fare.
Or we’re spending our time the way we want to. Waking up when we’re done sleeping, spending time with our kids or other family members… Learning new things… Starting new hobbies…
But there’s only one problem with this wishful thinking: Retiring early is easy, but making your money last is hard. Click here for a chart to help you figure out how much you need to retire.
But don’t get discouraged. If you’re serious about retiring early and dedicated to making it work, you can make it happen. All it takes is some serious financial planning, a strict budget and some good old-fashioned luck.
Compound interest is a beautiful thing. The best thing you can do right now to ensure an early retirement is to invest as much of your earnings as possible in safe, long-term investments and tax-deferrable retirement savings accounts.
A good place to start is with a tight budget. One of the quickest ways to become rich is to live a frugal lifestyle. Instead of living beyond your means – buying things on credit that you can’t immediately pay back — live below your means. Buy a used car instead of a new one (or better yet, take the bus). Choose the two-bedroom house instead of the five-bedroom one.
Remember, don’t touch the interest on your stock investments. For the magic of compound interest to work, you need to reinvest every penny of interest.
But Wait… That Won’t Work for Me!
OK, I get it… Maybe you’re thinking, “Hmmm, I guess I could start saving for my retirement now, but I am already payments behind on my car, and my VISA is over the limit. I can’t live on what I earn now, so I certainly couldn’t take a cut in pay if I retire.”
So, maybe the better solution, rather than trying to save money… is to focus on creating an extra income source and pay off our bills and our mortgage. Once we are debt free, retirement is so much easier.
Richard and I went this route. We started a home business and worked it alongside our day jobs for about four years. This gave us the freedom to completely pay off all our bills, and build our business to the point where we now have enough income coming in to live the life we want.
Now I work about two hours per day on our business so that it will continue to grow and Richard and I plan our time to work on our dreams the rest of the day.
Since I am an Internet Marketer and all my marketing is done online, If we want to do something that won’t allow me the two hours to work that day or even every day that week, I can do it ahead and schedule it to go out when I’m gone and not even around to work my business. My business is flexible like that. 🙂
It takes time. You have to develop and learn the skills, and it probably won’t happen overnight. In fact, some people with great part-time MLM / network marketing / affiliate marketing incomes never quit their jobs because they love their jobs. They love what they do. The extra money from their part-time income guarantees they will always have choices – their choices.
However, many people jump at the chance to leverage their incomes even higher by making their home business their full-time career. What incomes do these experienced, skilled, full-time professionals make? A lot!
If you pay your dues, you should expect to be rewarded. Many times you’ll hear of certain home business professionals earning unbelievable incomes of six figures a month, although these people are the exception.
The real full-time success stories are those leaders who have time with their families, time for their church, time for their hobbies, and time for whatever they desire because they receive a four- or five-figure monthly home business bonus check and now have the time to enjoy it.
If you’re looking for an internet business that will let you work online from the comfort of your home, have more time with your family, and help you create a plan to retire, watch the video below and see what I recommend.
…fill out the form below, and follow the simple steps. It’s working for me, and thousands of others out there online.
And, if you already have a business you’re happy with, I will still cheer you on!
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Let’s have some conversation!
By Lynn Huber
p.s. Waking up when we’re done sleeping, spending time with our kids or other family members… Learning new things… Starting new hobbies… Why wait until you’re too old to enjoy them?
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