Early Retirement - Are you ready for it?

Malaysia
March 10, 2007 10:18am CST
I am planning for my early retirement. Not that I am financially free but rather I want to be the boss of my own time, effort and finance. Most of the time, when we are in full time employment, we do not have such liberty. Starting the 3rd Age era (retirement) early doesn't mean doing nothing. Instead I see it as a springboard to launch to greater things. What are your views about early retirement? Do you desire to be in it? How is your preparation for it.
1 person likes this
2 responses
@angel_690 (209)
• United States
11 Mar 07
I would love to retire early but at this point I may feel ready mentally but have a long ways to go financially. My husband and I have started a 401k but he is in his late 40's and I am in my late 30's. I don't really think we will have alot of money put away to retire early on. I guess it is back to the old grindstone for about 40 more years.
1 person likes this
• Malaysia
11 Mar 07
I am going to believe God that both of you will make it without having to go a long age trip. My wife and me too felt this way before but now we are seeing it becoming a reality through monthly passive income. She takes care of one of our great online business that generates good monthly passive income. I on the other hand will be looking for more venues to generate other passive income. MONTHLY PASSIVE INCOME or residual income is the key to early retirement. Start building on it now. For example, mylot.com makes me about USD20 per month now. It will be more in the months to come. I have a goal for it to hit USD250 monthly. Then I have another site that is now becoming more popular. It's beginning to show better and higher earnings monthly. It is about writing articles : http://www.helium.com/user/show/35468 These are just two sites but think of the potential of income you can build up through the internet. Remember this : STRATEGY + SYSTEM = SUCCESS.
@byfaithonly (10716)
• United States
11 Mar 07
Physically I am ready for retirement but have years to go and to be honest will most likely be doing the same thing I'm doing right now. I love my work and hope to continue doing it until my last breath. Most people who retire to "do nothing" actually end up dieing earlier than they would have had they continued working from what I understand.
1 person likes this