Retiring in your 30s
December 27, 2006
I found this interesting article on how one could possible retire in your 30s via. Even just the thought of being able to retire in your 30s would have been unheard of until recently. For people who plan their finances and have some success with them, it is entirely possible.
I don’t think anyone who has the financial ability to retire in their thirties would just quit their work entirely and take up lawn bowls, but it does give people who have the financial means to quit their corporate jobs and pursue their own dreams and aspirations.
Not having a regualar income means you need to rely on money to come from a business or investments. This does take some time to manage, but hardly the time and stress it takes to fulfill the requirements of a regular job. The other advantage is that if you structure things correctly, you can live in almost any location, preferably with a lower cost of living.
My requirements for a suitable location would include:
- good food
- close to the beach
- low cost of living
- good internet connection
- friendly locals
- relatively safe
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3 Responses to “Retiring in your 30s”
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I love this post…. all except the lower cost of living…. I would rather “retire” with a higher cost of living…. heck. If you can pull it off in your 30’s you have a whole lifetime of freedom…. why not travel, spend time in service, and pamper yourself and your family a little!!
You are right though - it never really is “retirement” Life outside of the “protection” of w-2 income always takes a little participation. But, the participation is so much more fun!
Around The World - 31 and living off Business and Investment Income
Good point. At least for now, I will need to live somewhere with a comparatively low cost of living. My goals and plans are to increase my income gradually so I can live somewhere like Monaco if I want to.
I have some different opinion with “retiring in your 30s” . For me, I think 30 is the best moment of working life. It’s the age we have found our true selves. At 30 I was full of energy and at that time I produced too many creative but possible projects for the company i worked for with no pressure. But i agree that we could do our best in investment or saving plan when we was young. Since after 35 we will start to ask oueselves “what next?” and at that time our saving will be a good start to plan our way out of rat race. Anyway I congratulate to anyone who can have a financial freedom in any of age.
In my 40s .I still have energy left for writting many books with topic I interest in. while having more time for travelling as well. I plan to do my work until 52-55 .I think at that age, i still have more than 20 years to relax.