EARLY RETIREMENT

I think that retirement is a critical stage that you need to work your way through. I agree that financial security is the best way to prepare for your retirement. There can be issues such as delayed pensions or social security, and with enough savings, you can be able to cater for bills and daily expenses. I believe that saving is the best way to prepare for early retirement.  Saving is a virtue that requires self-discipline by avoiding behaviors such as extravagant spending. Most people are poor because they spend more and spend less. All you need to do to instill in yourself the self-discipline of saving and switch your mindset to a rich one. Another tip that could make you financially independent and prepare yourself for early retirement is to let your money work for you through early investments. The investment returns could be rewarding and thereby ensuring your financial security. The other issue I would do to plan for my early retirement is to stop living life to impress or compete with others. I believe staying in the lanes I can afford. Though retiring at 40 sounds like a good idea especially in a case where I want to spend more time with my family, I don’t see it working for me. I prefer going on working and saving enough mainly because of the rising inflation rates in this complex economy we have today.

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