Additionally, I have a more aggressive goal to have the opportunity to retire much sooner than the average retirement age. Hopefully, this post encourages and inspires you to take control just like I did. Anyone can start achieving the levels of financial freedom and the below are 8 steps will help you get there, even if you are starting out with little to no financial knowledge.
In 2010, 24-year old Grant Sabatier woke up to find he had $2.26 in his bank account. Five years later, he had a net worth of over $1.25 million, and CNBC began calling him "the Millennial Millionaire." By age 30, he had reached financial independence. Along the way he uncovered that most of the accepted wisdom about money, work, and retirement is either incorrect, incomplete, or so old-school it's obsolete.
Do you know anyone who hates their job? I mean really hates it. I have met a few over the years as a financial planner. Those individuals were willing to do almost anything to retire as soon as possible. Some considered things like moving to a foreign country with a low cost of living, selling their home or getting roommates. I should point out that those people were closer to full retirement age.
Working part time after FI is a great way to supplement your FI savings and is something I’m considering as well (see semiretirement). There are many fun jobs I can think of that I would enjoy doing part time so I may pick up some part-time work after leaving my full-time job this year. We’ll see though…it’s possible I’ll enjoy being jobless even more than I expect I will :)
I’m a South African College Lecturer and I intend on leaving my job to find a career online as I realise that I can’t continue earning an income the same way my grandmother did. So I’m on the hunt for online income generating opportunities. This article has been helpful and I have booked marked it. I have started my journey with buying bitcoins, joining a social financial community: MMM, and now am looking to add to my list Blogging, Youtubing, Creating an App/s, creating an online course, creating online guides. Your article has proven very helpful and excellent in many regards….I will use it as a reference guide. Thanks a lot.
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