The Secret To Early Retirement

Sometimes I feel like a genius.  Sometimes I feel like a financial dumb ass.  Today is not one of those days of stupidity.  It hit me during bath time the other evening that the secret to early retirement isn’t spending less than you earn, saving at least 30%+ of your after tax income, buying only what you need and living a frugal lifestyle.  Nope.  That’s just status quo where one should be living that lifestyle anyway.

What I discovered is so much deeper, and so much more powerful than anything ANY of us personal finance “gurus” have discussed.  The secret to early retirement and leisurely living is so amazing that I don’t know if I should even share with you guys since I could probably write a book, do a video, and make tons of money in the process.

Alas, I’m a nice guy, and am down with helping my fellow brothers and sisters get ahead so I’ll share with you the secret.  There aren’t any gimmicks, just the straight up truth.  Before you click the “read more” button, see if you can guess what exactly it is I’m talking about.  Think long and hard.  Now that you have, know that you could have just clicked “read more” anyway because you’ll never figure it out!

THE SECRET TO GREAT RICHES AND KICKING BACK

How To Get Girls If You Live At Home With Mom & Dad

Living At Home With The ParentsIt’s apparently very common to live at home with mom and dad after college. Some statistics have the figure at 80% of newly grads move back home. Is it really that common? Have I lost touch with reality, yet again? After four years of college, where there are just ridiculous amounts of parties and unspoken amounts of fun, who on earth goes home and lives back with mom and dad?

Even if I was unemployed, I’d pay several hundred bucks and rent the sofa in my buddy’s living room or something. Is there no feeling of guilt living at home with parents as a grown adult?  Perhaps not. Right on my street, live three 26-27 year old young bucks with grandma. Come on, how can these guys live with themselves living with grandma? So I got to thinking, perhaps it is feasible to live at home with mom and dad, or grandma and still get girls!

STRATEGIES FOR GETTING GIRLS WHILE LIVING WITH MOM & DAD

Only The Poor or Super Rich Say “Money Can’t Buy Happiness”

Achieve Big GoalsWhoever said, “money can’t buy happiness” is either poor or wealthy beyond their wildest dreams. The incessant amount of studies by researchers trying to prove money can’t buy happiness is simply a result of the researcher’s own poverty or unhappiness. Because they are financially mediocre, researchers are trying to console themselves that it’s OK not being wealthy.

Generally, researchers have a higher sense of self because they have more educational training. Hence, it tears them up when they see other “lesser beings” make more than them. Meanwhile, those who continue to highlight research stating that money can’t buy happiness are trying to justify their own financially unspectacular selves as well!

You see, the financially mediocre are all in cahoots with each other. They’ve banded together to proclaim that being middle class regular people is good enough. It probably is good enough for most people, but not for these unsatisfied folks who think they are smarter and better than everyone else!  If being middle class or poor was good enough, then they’d leave well enough alone and be happy with their financial mediocrity.  It’s a hard pill to swallow, but swallow they must.  Not everybody can make multiple six figures, live in million dollar houses, and pay cash for luxury automobiles. That’s just life and they are trying to bring you down.  Don’t let them!

THE TRICKY RICH

The Dark Side Of Early Retirement

Darth Vader MaskIf you look carefully around the web, you’ll read scores of articles about the desire to retire early. Yours truly wishes to finish up no later than 45, as I believe working for 20 or so years is a long enough time.I’ve done the math with various living and return scenarios and it can be done. But the question is whether it’s a good idea? Perhaps not.

Now that the economy is in recovery mode, it’ll be interesting to see how attitudes change towards early retirement. Will those who’ve short circuited their careers feel the pull to return to full time work and maximize their earnings potential again? I believe so. What about all our “lifestyle design” and “digital nomad” friends who had a rough time landing something stable they truly love? Possibly they’ll come back too.

Those who are able to retire early are often cherished. I certainly admire those who are able to cut down their desires to the bare bones and live a very frugal lifestyle. I also admire those who’ve been able to strike it rich very early! That said, perhaps early retirement isn’t a good idea for the large majority of people. Let’s explore several reasons why people want to retire early, why they exist, as well as understand why we should all think twice about pulling the rip chord too early. Someone has to argue the other side, so it might as well be me.

WHY PEOPLE WANT TO RETIRE EARLY (IT ISN’T THAT OBVIOUS!)

Don’t Have Children If You Can’t Take Care Of Yourself

In “How To Dramatically Increase Your Job Security For Life“, the article suggests managers are more inclined to fire those workers who have nobody to support but themselves.  As a result, one should strategically at least hint at the intention of starting a family to protect oneself from unemploymentville.  Clearly I’m being somewhat flippant.  My goal is to make people realize that relationships and emotion play enormous roles in shaping work success.

Whether you work for a small family business or a large corporation, hiring and firing is a very personal decision that comes down to one or only a handful of decision makers.  By tugging at their souls, and increasing their guilt factor, you’re well on your way to dramatically higher job security for life.

Let’s say you’re not particularly wealthy, nor make a particularly impressive amount of money.  You still have loads of student loans and consumer debt to pay off.  In essence, you’re the typical American!  Shouldn’t you be putting on your air mask before helping others?

Child raising is estimated to cost anywhere between $250,000 to $1 million from birth to after college.  If a family can’t even have the discipline to save 20% of their paycheck after contributing to their 401K and IRA, how can one consciously start a family?

$250,000 ISN’T A LOT, YET HOW MANY CAN SAVE THAT MUCH?