The idea of having enough by your 30s to stop working and pursue your interests can seem like a distant, and unrealistic, dream. It is actually possible to retire that early and there are plenty of reasons to work toward that goal.
It could help improve the relationship in your life. Working hard from 9 to 5 every day keeps you extremely busy. And for some, the hours are even longer. Also, because working from home is super convenient, we hardly know when to stop. For this early retiree, retiring early was a great opportunity to improve relationship with parents, spouse or your children.
Early retirement might help you become more self-sufficient. Now that you have more time on your hands, you can get more done yourself rather than being forced to outsource it. You might even find a new hobby in the process.
You might stumble on newer, better ways to increase your income streams. The fact that you no longer work a full time job doesn’t mean that you can’t pursue other activities either for pleasure or money.
You might even spend less. Since you now have more time on your hands, you can actually check out more deals and find more ways to save money on your purchases. Plus, many tourist sites and vacation resorts are much less expensive during non-peak periods, which are now open to you since you no longer work.
However, to live a happy retirement life and savor the simple things in life, one must make financial preparations.
Early retirement is an option for people who have developed multiple income streams. For example, you work full time, but pursues website development, freelance writing, or photography as a second income, may develop the part-time business into a full-time career, or elect to continue to work part-time in early retirement.
In additional cases when people choose early retirement, he/she makes the choice and knows that they must continue to work. Often, they are burned out in their current field and their saved resources allow them the option of working part-time or with a more flexible schedule.
As a highly experienced and successful financial services executive with solid track record in the international financial services industry, Mr. Rani Jarkas, together with his team, offers international clients with best-in-class full suite of financial services to help them meet their personalized investment goals.