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Over the course of my career, I've realized that saving for early retirement just makes sense: you don't want to have to work until you die, compound interest is on your side, and it's always good to have options.Over the last decade of self-employment, I have worked many 50+ hour weeks, as well as in planes, trains, and even gas station parking lots.
And of course we want to have plenty of money so we can have breathing room and never, ever have to worry about money again — even if we don't work for another 40+ years. If I want to go out to dinner or buy a new kitchen gadget or donate to a cause I care about, I want to be able to do it without hesitation.
I also want to have time to volunteer, and to pour myself into projects I care about without having to be paid for my time and efforts.3 reasons to pursue early retirement No matter who you ask, it's safe to say all of these numbers come up short. If you're curious why I feel the way I do about early retirement and wondering if you should get on board, here are a few concepts that helped to change my perspective over time. According to recent data, the average retirement age is around 64, although individuals in some states retire later than that.
All you have to do is invest some money on a regular basis and give it the room to grow. From there, compound interest will do the rest.
I’m going to ‘retire’ in a few years and I’m moving into a darn cave and tell the world to go to darn hell! I’m done!🙄
Same, but my husband keeps moving the goalposts. His FIRE number is now $3M, which we might hit in our 60's.
I’m going to ‘retire’ in a few years and I’m moving into a darn cave and tell the word to go to darn hell! I’m done!
Lady, be waiting for you at my private island in the sunny Caribbean 😎
I could retire now but I enjoy my work
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