Why is it that whenever I talk to anyone about retiring early, they look at me a little cross eyed and either shrug it off by not really responding because they don’t believe it can be done, or they ask me, “Wouldn’t you get bored? What would you do if you retire?”
I can understand when people look at me like I’m crazy for thinking I can shorten my working years down to 15 years. It’s extremely difficult to pull off and it’s hard enough to even get people to behave with their money, budget, and stay out of debt, let alone start an early retirement movement. But I don’t understand why people would ask, “wouldn’t you get bored?” Would you really stay in the rat race because “you might get bored?” Do you know how bored I am working in the same office everyday? I also have the same commute, same desk, and same type of work…EVERYDAY!!! Early retirement seems like heaven when you look at it this way. I don’t know about you, but I have a lot of things I want to accomplish in this life, and I feel like work just get’s in the way of that. Sit down and think about what you would do if you didn’t have to work for money. Dreaming is the first step in making it a reality!
The general perception of a normal retirement is that you’re now 65 or older and you’re just trying to organize the remaining years of your life so that you can be comfortable and have a little fun with the time you have left on earth (harsh but true). But what if you could “retire” in your 30’s, 40’s or 50’s? You could potentially have 50, 60, or maybe even 70 years to live life however you want!
As you can see, early retirement means that you have enough money to choose how you want to live your life and spend your days! If you just wanted to be lazy, sleep in and sit on the couch all day? I guess you could do that, but I don’t recommend it. If you wanted to pursue your passions and do something that is productive but excites you? Do it, you have that freedom.
My hope is that I can reach millions of people and make them understand that early retirement isn’t impossible and that it isn’t about living a boring life. Early retirement sets you free from being chained to your job! Early retirement IS financial freedom. I really can’t imagine a better scenario for anyone than being able to choose how they want to live their lives!
If you’re now like me, and convinced that the 65 and older “retirement” sucks, you have to TAKE ACTION NOW! You have to pay off your debt, save money, invest, and not spend every cent of your working wages that you bring home. The less you spend and the more you save/invest, the earlier you will be able to retire.
No one says that you need to listen to all of the conventional retirement advice and wait another 20, 30, 40 years until you retire. Nerdwallet.com says that the average savings rate for families in America is just under 5%. At 5%, you probably won’t even be able to retire at 65! And, for the younger generations (millennials), what if you don’t even get social security? You’ll be working until it’s not physically possible anymore.
If you’re ok with that type of life, I understand. It’s easy and doesn’t require any kind of thoughtful planning or sacrifice. But I can’t live that way. I have a hard enough time going to work every morning and I can’t imagine doing it for more than a few years. I’d rather save the most money I can and live the rest of my life writing a blog, trying to become a professional golfer, hunting, or working a job that I’m passionate about even if it doesn’t pay a lot of money. I just want to be in charge of my future!
And that’s simply what I want you to takeaway from this post. You can take control of your life! Take control RIGHT NOW and don’t let anyone get in your way!
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