Is it still possible to retire early?

[Gaza13]

Of course, it is possible to retire early if you have made the proper preparation. However, people think retiring means they won't be doing anything at all. Yes, you won't be working but you can manage your business and investment. Or you choose to sit and employ someone to do that while you authorize the person from the comfort of your home. Things are made digital now, you can be watching your business grow and investment or company from the comfort of your home.

Agree with what you said above, without thorough preparation of course early retirement will not be well coordinated. Managing a business is the same as working on how to think about what goals we want to achieve. Do you give or allow freedom and comfort to the foreigners you recruit in your business? In my opinion, this is a fatal mistake, it would be better if you didn't just sit or watch your business, but you should be at least a little or a lot involved there.

[stomachgrowls]

-Alternative sources of income:

You would really be needing this thing if you would really be trying out to have that retirement on early years rather than on waiting on a specific years of service before you cant be able to do so or simply
just cant be able to quit up because you arent that prepared financially because you are heavily relying with your salary and didnt able to get or make some other source of income.
If you are really that have plans on retiring early then it would really be just that right that you should really be that having that initiative on trying to get another side income.
Or making out some investment on which you could be able to earn aside from your dayjob paycheck.

Things would really be that according into the decisions that you are making on which if you are bound to make it happen then you would be needing to work hard more and making
up some risky decisions on whic you know that it could really be beneficial or something that could really help you on long term. It would really be just that situational because
not all would really be ending up on the same positive results but doesnt mean that you wont be trying it out.

[Dewi Aries]

Most people take decades to reach that readiness, most of them retire when they are relatively old, it's not a tradition, but there are so many things they have to do or must first prepare to create everything to sustain their lives that it takes a long time to prepare, or that means the decision to retire will only make sense if you already have many ways to survive, most people spend half of their lives preparing for this and even though they have struggled quite hard, most of them can only complete these preparations when they are old, like 50 years or more. And if you intend to retire early it means you have to work harder than the average person, when people spend 8 hours a day working it means you have to spend 16 hours or more working a day. It's a choice, if you want to and feel capable then no one will stop you.

[rachael9385]

This is an interesting question. However it's not good to retire so early more especially when you don't have another source of income when you retire from this link, you can see that this he's a Nigerian football player and he retired at early age, and now he's on the stree doing nothing. I just use that as an example to tell us that it's not wise for one to retire early from their job.

[Distinctin]

Of course, it is possible to retire early if you have made the proper preparation. However, people think retiring means they won't be doing anything at all. Yes, you won't be working but you can manage your business and investment. Or you choose to sit and employ someone to do that while you authorize the person from the comfort of your home. Things are made digital now, you can be watching your business grow and investment or company from the comfort of your home.

Agree with what you said above, without thorough preparation of course early retirement will not be well coordinated. Managing a business is the same as working on how to think about what goals we want to achieve. Do you give or allow freedom and comfort to the foreigners you recruit in your business? In my opinion, this is a fatal mistake, it would be better if you didn't just sit or watch your business, but you should be at least a little or a lot involved there.

Yes, retirement should have a must preparation, otherwise you will never retire comfortably and even peacefully. And by saving and investing while you are still working, then you are now ready to harvest the fruits of your labor at your retirement. That’s the essence why indeed preparation should start early as much as possible so that when you get old, you don’t have to worry anymore with your investments as they are already in prosper and productive.

[Winterfrost]

This is an interesting question. However it's not good to retire so early more especially when you don't have another source of income when you retire from this link, you can see that this he's a Nigerian football player and he retired at early age, and now he's on the stree doing nothing. I just use that as an example to tell us that it's not wise for one to retire early from their job.

It depends on why the person has to retire, certain factors may determine, either health factors or a few other cases but still on a general terms it is not the right option to do too early. Secondly, retirement is a good thing as long a person has laid a good financial system that will fit in all his further expenses then it is no problem. The best retirement would be to retire from jobs and get into private business instead of staying idle and spending all saved funds.

[frnandoh]

I'm 40, I think it is not too early for retirement, but if I could, at least, retire someday in my life I would already be satisfied. I really need a good plan for retire. My country offers some plans to retire, but the time goes by and polititians demonstrate not to be interested in keep paying retirements. They took our money and now they dont want to pay us.

[Ben Barubal]

     All these things you said are good, and right. I know some people who, before they retired from their jobs, were able to somehow find their microbusinesses, and in addition to this, they were also able to find lots in real estate and also get housing loans.

     This is in addition to the savings that they accumulated when they were still employed, which can really be said if their thoughts are very mature and they are really looking more at the future, because that is why they think not forever they are strong and at least when the time comes when they are old they have a source of income that does not need to use physical strength 100%.

[slapper]

-Alternative sources of income:

You would really be needing this thing if you would really be trying out to have that retirement on early years rather than on waiting on a specific years of service before you cant be able to do so or simply
just cant be able to quit up because you arent that prepared financially because you are heavily relying with your salary and didnt able to get or make some other source of income.
If you are really that have plans on retiring early then it would really be just that right that you should really be that having that initiative on trying to get another side income.
Or making out some investment on which you could be able to earn aside from your dayjob paycheck.

Things would really be that according into the decisions that you are making on which if you are bound to make it happen then you would be needing to work hard more and making
up some risky decisions on whic you know that it could really be beneficial or something that could really help you on long term. It would really be just that situational because
not all would really be ending up on the same positive results but doesnt mean that you wont be trying it out.

Forget about the boring 9-to-5 labour and the whole "work till you're 65" nonsense. Should you choose to retire early, you will have to be creative. The game is several money sources, my friends. Your job is like a single leg of a stool. Though unstable, it's holding you up. One mistake and you're on your ass. But give that stool some more legs (investments, side projects, rental properties, etc) and you'll be suddenly quite strong

Breaking from the corporate matrix takes guts. You gotta be willing to try new things, maybe even fail a few times. But you learn and develop this way. Only you stand between your early retirement ambitions. Get out there, hustle hard, and create that damned stool

[CageMabok]

I'm 40, I think it is not too early for retirement, but if I could, at least, retire someday in my life I would already be satisfied. I really need a good plan for retire. My country offers some plans to retire, but the time goes by and polititians demonstrate not to be interested in keep paying retirements. They took our money and now they dont want to pay us.

In terms of age, you still have plenty of time to continue working and being creative as you wish because in my country that age is still considered an active worker who has not yet reached the time to retire. This means that you still have enough time to make your retirement more beautiful by planning it now, both through active income and also passive income that will never end at any age. So don't ever complain about things that are happening even though they might not be good enough for you, because as long as you can still fight to make your retirement better, that's what you have to continue to do from now on.

[Smack That Ace]

This is an interesting question. However it's not good to retire so early more especially when you don't have another source of income when you retire from this link, you can see that this he's a Nigerian football player and he retired at early age, and now he's on the stree doing nothing. I just use that as an example to tell us that it's not wise for one to retire early from their job.

If you have no source of income and have not fully prepared your retirement plan, deciding to retire early is like ruining the rest of your life, and that is not called retirement.

Additionally, retirement doesn't mean you'll just spend your time having fun and doing nothing. You also need to work like Stablexcoin mentioned above, you can manage your business remotely, manage your investments so you can ensure that your retirement plan stays on track.

Retirement means we will spend less time and exposure to work, have more time for ourselves, family, friends and ultimately enjoy life. Retiring early or late depends on each person's economy and plans, but I doubt we can retire early with the current increasingly harsh economic situation. It's much easier said than done.

[Viscore]

Most people take decades to reach that readiness, most of them retire when they are relatively old, it's not a tradition, but there are so many things they have to do or must first prepare to create everything to sustain their lives that it takes a long time to prepare, or that means the decision to retire will only make sense if you already have many ways to survive, most people spend half of their lives preparing for this and even though they have struggled quite hard, most of them can only complete these preparations when they are old, like 50 years or more. And if you intend to retire early it means you have to work harder than the average person, when people spend 8 hours a day working it means you have to spend 16 hours or more working a day. It's a choice, if you want to and feel capable then no one will stop you.

Early retirement preparation is never that hard if you also work and save your funds early, and invest and profit early as well. But we all know it’s seldom to see these kind of people, as mostly those who retire are those who are not capable to work anymore because of their old age.

Even in my country, a lot of retirees find it hard to finally retire and leave their jobs, because there won’t be fixed income anymore unlike when they still have their own jobs. Most especially for those who are not into investing, I know retiring early will never be in their bucket list.

[Agbamoni]

This is an interesting question. However it's not good to retire so early more especially when you don't have another source of income when you retire from this link, you can see that this he's a Nigerian football player and he retired at early age, and now he's on the street doing nothing. I just use that as an example to tell us that it's not wise for one to retire early from their job.

No one would retire with just one source of income. It is unwise, in fact if anyone is to retire then he/she must have had a good business that is busy bringing out good amount of money and running smoothly on its own without the push from them. Three things i think one should have achieved before thinking about retirement should be, an asset whether landed properties, stock exchange or cryptocurrency. Secondly, they should have businesses at least minimum of 2 business. And lasty must have kept a retirement savings account for a minimum of 7 years.

[Dewi Aries]

Most people take decades to reach that readiness, most of them retire when they are relatively old, it's not a tradition, but there are so many things they have to do or must first prepare to create everything to sustain their lives that it takes a long time to prepare, or that means the decision to retire will only make sense if you already have many ways to survive, most people spend half of their lives preparing for this and even though they have struggled quite hard, most of them can only complete these preparations when they are old, like 50 years or more. And if you intend to retire early it means you have to work harder than the average person, when people spend 8 hours a day working it means you have to spend 16 hours or more working a day. It's a choice, if you want to and feel capable then no one will stop you.

Early retirement preparation is never that hard if you also work and save your funds early, and invest and profit early as well. But we all know it’s seldom to see these kind of people, as mostly those who retire are those who are not capable to work anymore because of their old age.

Even in my country, a lot of retirees find it hard to finally retire and leave their jobs, because there won’t be fixed income anymore unlike when they still have their own jobs. Most especially for those who are not into investing, I know retiring early will never be in their bucket list.

One of the reasons why I said something above that seemed very difficult to achieve was because I did not bring in or involve investment elements that could accelerate the development of profits, the reason is because in my opinion, even though the times are now modern, only a minority of people know and understand about how to profit from investment. This means that it is not impossible for someone to reach retirement early, but indirectly the majority of people maintain a point of view that seems to have become a tradition where retirement is a situation that people will do when they reach old age, which is where that is the age for someone who is no longer very likely to work. The other thing that you say is quite in line with the facts that are often experienced by people, not only in your country but maybe also in several other countries, including in my country, but regardless of whatever that is, I am quite sure that investment is an alternative that has great potential to be used as an answer and choice.

[dezoel]

The aim to retire early and possibly doing this with crypto investments is something everyone dreams of, I am sure that everyone here dreamed of it at least once. However, nobody really dreams what to do when they are retired, that's rarer. I am not saying zero people do that, but quite low amount of people actually do that, most people just wants to get there first, after they get there they could think about what they could do, but they do not think about what to do later.

I can tell you that as someone who had enough money to retire in my account once, things are not that easy. One bad sickness, and I mean literally fatal, and then suddenly you are out of your depth and you have to go back to working again, which would suck if you retired early for a while.

Only those who have full pockets and banks can dream of early retirement. I think life is a continuous job. Retirement is also not available and people without food and work go into mental and financial stress which is a bad situation. People who work and take responsibility understand this very well and they never retire.

You are saying that people don't think about what they will do when they retire from the job. I think it is not like that. I think everyone is just wondering what if I think it is wise to do future planning ahead of time and every wise person does future planning and saves something for their old age or when they don't have a job or when he retires, how can he spend his good time and get a good income, every person is thinking of some way or the other.

[Hamphser]

-Alternative sources of income:

You would really be needing this thing if you would really be trying out to have that retirement on early years rather than on waiting on a specific years of service before you cant be able to do so or simply
just cant be able to quit up because you arent that prepared financially because you are heavily relying with your salary and didnt able to get or make some other source of income.
If you are really that have plans on retiring early then it would really be just that right that you should really be that having that initiative on trying to get another side income.
Or making out some investment on which you could be able to earn aside from your dayjob paycheck.

Things would really be that according into the decisions that you are making on which if you are bound to make it happen then you would be needing to work hard more and making
up some risky decisions on whic you know that it could really be beneficial or something that could really help you on long term. It would really be just that situational because
not all would really be ending up on the same positive results but doesnt mean that you wont be trying it out.

This is what you do target:

1. Having income while you do sleep
2. You could be able to afford or sustain whenever there are emergencies
3. Diversify potential other business venture since having that capital
4. Having that peace of mind when it comes to financial aspect

On the moment that you would really be able to achieve such condition then you would really be that definitely be having that kind of good living
on what everyone is really that hoping for, but attaining or achieving such thing is never been that easy. You would be needing to pass up tons of
challenges and failures before you would be able to reach out such thing but just like been said that it might be hard but its not impossible.

[tsaroz]

Retiring early is getting harder for the young generation. The younger generation earns saves less. Not that they don't want to but everything is too expensive and anything you save becomes worthless in few years due to inflation. The prices of real estate are too high but their future are not secure. Owing a home is considered an important part of starting a family life but owing one would make you pay mortgage for years to come. You can't retire early when you have loans. I've seen people seeking for job even after the retirement age. Retirement as staying idle is not good physically and mentally.

[Vinaa77]

No one would retire with just one source of income. It is unwise, in fact if anyone is to retire then he/she must have had a good business that is busy bringing out good amount of money and running smoothly on its own without the push from them. Three things i think one should have achieved before thinking about retirement should be, an asset whether landed properties, stock exchange or cryptocurrency. Secondly, they should have businesses at least minimum of 2 business. And lasty must have kept a retirement savings account for a minimum of 7 years.

If we only have one source of income, of course it is impossible to retire early, of course we must first have a business that is running well so that we can enjoy retirement without having to think about any problems when we decide to retire early. and we can still get income from the business that we have run well, by being able to have assets like the ones you have mentioned, of course this will be very good in carrying out retirement and of course they will only enjoy the results and will not need to think about their business because he has a trusted person who can take care of him.

[maydna]

Retiring early is getting harder for the young generation. The younger generation earns saves less. Not that they don't want to but everything is too expensive and anything you save becomes worthless in few years due to inflation. The prices of real estate are too high but their future are not secure. Owing a home is considered an important part of starting a family life but owing one would make you pay mortgage for years to come. You can't retire early when you have loans. I've seen people seeking for job even after the retirement age. Retirement as staying idle is not good physically and mentally.

If that young generation can be creative to finds the source of incomes, they will knows how to earn more and more money. They will use many ways to increase their wealth and have many investments that can makes their dream comes true. Passive income is many people dreams so they are still trying to achieve that while they are search for the right ways that can helps them to reach it. They will makes new business that can provide them more incomes so when they grow their business and earn much money, they will be ready to retire early and that will possible for young generation is they serious with their business.

[Die_empty]

Retiring early is getting harder for the young generation. The younger generation earns saves less. Not that they don't want to but everything is too expensive and anything you save becomes worthless in few years due to inflation. The prices of real estate are too high but their future are not secure. Owing a home is considered an important part of starting a family life but owing one would make you pay mortgage for years to come. You can't retire early when you have loans. I've seen people seeking for job even after the retirement age.

Retirement as staying idle is not good physically and mentally.

Retiring early has become very hard because the economy of so many nations is in shambles. My parents used to tell me how civil servants retired early in those days and worked for pleasure and not for survival. Many of them decided to relocate to rural areas where they engaged in subsistence agriculture for leisure. Many of them were able to build houses and their retirement benefits were enough to finance their children's education and upkeep. Achieving early retirement is still possible if one have the opportunity to make extra money through other sources of income, have a good saving culture, and have profitable investments.

Retirement as staying idle is not good physically and mentally.

Retirement doesn't necessarily mean not engaging in any work. It could be the freedom to choose your work, how to do it, and when to do it. It could be when you don't depend on work for survival.