Do You Want To Retire Early?

So you want to retire early? Hell yeah, you do! Imagine stepping away from the daily grind, flipping the corporate world the ultimate bird, and spending your days doing exactly what you want. Early retirement doesn’t have to be just a dream! C’mon, Man, it can be a badass reality if you’re ready to commit. Let’s crank up the volume on what it takes. LFG! 

Define Your Rockstar Retirement

The very first thing you need to do is think of your “Why” I get asked so many times about tips or advice on becoming financially independent, or retiring early. The first thing I mention to them is that before they can even think about waving goodbye to the paycheck, they’ve got to envision what their ideal retirement will look like. Do they want to travel the globe, start a passion project, start a band, write music, or maybe even open that dive bar you’ve been dreaming of? This is important. Knowing what you want is key because it shapes your entire financial strategy. Big dreams mean bigger budgets, so get clear and specific right from the start. Like this dude named Harry Fosdick said, “Don’t simply retire from something; have something to retire to.”

Build Your Rehearsal Retirement Budget

Create a rehearsal retirement budget, and keep it brutally realistic. I did this! Click the link below to see how I categorized my budget. Picture retiring today—what would your monthly expenses look like? Consider housing, food, travel, insurance, and entertainment.(Again, see illustration)  And let’s keep it real: I don’t think personal debt belongs in retirement. I highly suggest crushing that mortgage and killing your credit cards. This will set yourself up to rock without those financial burdens. 

Assess Your Current Financial Status

This is kinda like tuning your guitar before hitting the stage. Haha. You’ve gotta know where you stand right now. What’s your current debt level? Your savings? Your Investment situation? How much do you earn? The clearer you see your present financial situation, the better you’ll be able to prepare your path to early retirement. It’s a long tour, haha, know your starting point!

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