Early Retirement In 3 Steps
Today many would like to not only retire but retire early as well. This may not require as much of a stretch of the mind as one would think and it is possible to retire much sooner than the age of 65 as most of us were taught in school and from our parents.
Today, in this article were will examine various strategies that you can use to retire early and some are so simple anyone can use them with little or no preparation or lengthy education process.
So, after your are finished with our excursion into the world of extreme retirement you’ll be ready to set up your own retirement plan that gets you more of what you want in less time than you ever thought possible. Finally, you’ll be able to plot out a path for you golden years and have more time to do the things that you’ve wanted to do or have been unable to, due to family or job commitments.
In fact, some have been able to retire after only 5 years from starting their own extreme retirement strategy.
The First Step: Understand the reality of the “Work-A-Day-World”
You need to start looking at life with a different mindset. Most people are focused on four areas of their lives:
Getting a college degree
The costs of becoming specialized
Competition in your chosen job field
Chasing the “American Dream”:
Keeping up Appearances
Price of owning a vehicle
Individual Retirement Accounts
V.U.L.s(Variable Universal Life Insurance)
You can see this is what keeps most of us chained to a dull boring job with little hope of advancement or really enjoying life. We spend all our time trying to fuel one or more of the above and only by keeping an approved job can they be supported.
This enslaves us to our various programs and we become Indentured Serfs toiling away in the hope of a better life when we get old.
You may have noticed that after 2008, most people’s investments disappeared and they have lost 30% or more of their equity in their various investment and retirement vehicles.
This means getting out of the game early is usually not done, which is also why you see so many older people working at Walmart and MacDonalds these days.
This is especially true if you want to cash out in under 5 years or even 3 and start living for yourself. Doing so, instead slaving away to a company or boss that doesn’t appreciate your work and where you are not only not valued but are considered a liability or worse as a expendable asset that can be dispensed with to make a company’s stock go up and an exec you’ve never seen get a bonus for the year.
Today you are categorized and segmented and divided into competing groups that are all fight for their share of the imagined limited resources for wealth that supposedly exist. This myth of scarcity is what holds everyone back when in reality the universe is unlimited and wealth is easily created from almost nothing.
But, you let yourself be pigeonholed into various groups like:
What you need to do is break out of these stereotypes and become a Renaissance Person.
You have to understand the power of your ego and use it to create a new model of life. This opens up new worlds of opportunity for you.
Yes, in just 3 years you could be free of the “Rat Race” and living the life you’ve always wanted to lead. This is a reality that that you can achieve if you just think about life a little differently. Today many are reaching an early retirement age of 50 and in some cases even lower.
Next: Realize the power of a Renaissance lifestyle and how it can affect your life.
The first thing you have to understand about how to retire early and getting your freedom is that you need to switch to an Early Retirement Extreme Mentality is to understand the difference between needs and wants. This is mostly psychological as most of us think we need things when in actuality we don’t.
And this goes for physical items as well as mental/spiritual items and the first thing you have to do is take an inventory of yourself in the following categories:
After taking this inventory, you will see that many of the things that you think you need are in reality values foisted on you by your parents, teachers, or society. For example, Apple and the consumer mentality says you have to buy a new cell phone every time there’s a new one available.
It doesn’t really matter that you’re still not using all of the features and functions of your current model. However, you will buy it just to keep up appearances for friends, colleagues, and even family members who expect you to reflect certain lifestyles.
Once you understand this, you can begin decoupling yourself from many of the things and ideas, which you once thought were cast in stone and start on the road to retiring early.
The next thing you have to consider is becoming more self-sufficient, which requires you to learn a broad base of simple skills that most of us pay other people nowadays to do for us.
From here, you have to select the strategy that simplifies your lifestyle and learn to be creative enough to get things done with what you currently have available right now.
This would include answering some very basic questions, such as:
Do you need an XBox
Is it possible to live life without having a car?
Along with this, you have to develop and follow certain guiding principles where less is better. This is very similar to Noam Chomsky’s definition of minimalism. In your case, however, you’re going to apply it to your lifestyle, instead of how you use language.
By following, some of the examples/exercises that we’ve mentioned today, you will start to realize many of the things that you’ve taken for granted in life are not true and you can achieve an extreme early retirement.
You will also discover that you have more money, which you can put away for savings instead of the paltry 5 to 10% that economics of your current lifestyle limits you to. You’ll find your life becomes virtually worry-free as you strip away the complexity that society has weaved around you and demanded that you become a consuming machine that mindlessly absorbs what the media tells you should buy, eat, wear, and do.
Your stress levels will drop and you’ll have a healthier outlook on life. In fact, there’s a website that follows exactly the principles we’ve outlined for you today by going to a place with an early retirement forum and merely by clicking to http://earlyretirementextreme.com/. You’ll discover what other people are doing that allows them to retire much sooner and lead a happier life than what is currently the norm for our society. So if you’re tired of the “Rat Race” where it seems the rats are winning.
Then perhaps it’s time for you to shift your paradigm and your mindset on what is real and is important in your life.