Topic: Is it still possible to retire early? - page 2. (Read 1703 times)

Well, let’s not make it complicated, if some people chose to retire early, of course they can, but they cannot expect that their lives won’t be financially struggling if they don’t prepare much for it. That’s the reason why until now, even if majority of the workers want to retire early, but thinking about what could be their life after, that stops them from early retirement.

No wonder that others end up working until they die, not because they’re greedy with money, but they just want to secure their retirement and work as much as they can as long as they’re still capable and productive.

And how you are going to make it happen. Not everyone who dreams for something big are able to achieve it.
Many are just stopping and forgetting it when they can't get through the process because it's quite hard for them.
The possibility is there, many are still hoping for that one big home run in terms of investing in the market and when they do, they'd surely plan to retire.

I think this is the kind of mentality and ideological beliefs that are infested in the minds of most civil servants although I can tell you that it is not all of them that have this same mentality, anyways. But the whole idea about salary payments and wages always brings about this overreliance on the monthly payments that comes and since it's something that you always expect at the end of every month, you have this kind of relaxation that sets into your brain whenever you receive it thereby unable to think about what happens in the near future or unexpected events that will likely turn up. Because of this, many of these civil servants have form the habit of taking loans to be repaid with their monthly salaries.

While this salary thing may seem to be a good idea since there's high level of certainty in it, that might not be the best way for workers who battle with meagre resources as their salaries. So whenever they thing, they have this insecurity over losing their jobs and going into the business world where things work based on efforts and strategies and good luck.

This is why I think many people like that won't be able to retire early and go into the crypto world because they're basically scared and have the capacity to take only small risks as far as their financial lives are considered.

I do agree that trying to retire earlier than 60 years old makes sense, I am planning on retiring at my 40's for example, that doesn't mean I plan on retiring at 40 exactly, it could be very well 49, that's fine too, just not 50 years old.

Because I spent about 20 years of my life as a kid, and then spend a 30 year period working and basically using my entire life to just be able to afford living, and I just want the last 20 or so years to retiring and resting, but we do not know how long we will live. May I have some health issues tomorrow? Sure, which is why I want to work only until 50, since that means I may live for another day after that, or may live another 30, I rather retire early just in case and make sure I live a decent life after that a bit more.

Most people are afraid to retire early because they think about the future.They are worried about their future.Because without enough savings, early retirement can be life-threatening.

the only thing that I have to say or contribute towards in this comment is that you have to learn or make a proper research before going into investment those people who feel that they can make everything possible when you come in terms investment arrangements the people that loss, secondly its obvious that a retired person is the one that have the opportunity to go into investment, so therefore you have strategies well, the only we need to know or understand about investment is to understand the preamble of it first, so therefore we have to understand such.

Early retirement is possible, if we do have more income than the average person there, talking about investing in stocks or bonds and depending on the interest rate is also not a good thing because it sometimes changes, and stocks rise only based on M2 money supply, unless it is in blue chip stocks that have a better future and have never been disrupted by any economic issues, but enough I am very jaran, and also look at the amount of money we use as a means of seeing the benefits that might be obtained, it's not funny if 8% of $500.

I think the average person who can retire early is those who are good at trading, however, the science used in the trading world such as technical analysis and mental mastery is always the same from time to time, and the most important thing in this case is that we can continue to adapt to the times, so it is possible that we can make more money than any industry.

We could really be having our own choice when it comes on retiring from our own because if we do see that we are really that someone whose really that having that kind of sustainance on the moment that we do quit up our job or simply could be able to survive on the moment that you would really be retiring early then it would really be your choice and it would be understandable that you would really be retiring for good and would really be focusing into the current thing that you've been dealing. You wont really be needing to have a boss and woke up early and would be going into some traffic on daily routine or something like this.
How its good to have this kind of life on the moment that you would really be able to retire without having any financial problems or being that worried on this manner because you do know that you have at least assured yourself into this one.

On the moment that you would be able to see that you could be able to survive without needing your day job then its a good sign that you could quit or retire anytime but sadly only a few
would really be able to reach out such state or condition on where you would be able to sustain this one. So it would really be just that situation on your condition.

Still possible and it will provide benefits to those who are not afraid of taking the risk, we don't know what future may bring as there's no one who can accurately conclude what will be the fate of the project or investment that you'll going to take, it's a matter of determination and trust and who knows it will provide decent amount of money that will allow you to retires your early age.

Things can be done for those who have that desire and works with their passions, more on how you dream and aim for your great success.

Yes, having other sources of income to back up is way better rather than relying solely on the money we get from retiring. It is about preparing for the future and while we still have enough energy and sustainable monthly income, investing should have to consider the most than just saving. And I see this as not a common view and plan of many people who retire as they just take action which is absolutely a big mistake.

As we are experiencing high inflation rates, the more we create plans that can help us sustain and survive. Taking a step toward an earning opportunity should not be ignored instead, must do it as early as possible.

In my estimation early retirement is a choice if you leave in an economy that is already developed. In an economy where the government actually cares for her citizens and have been able to provide the basic and amenities for them. But if you leave in an economy that is still developing early retirement will only be a wish. Because you can't retire early and have it going good for you. In this type of economy you have to work twice as hard to even erk out a good living for yourself and while you are at it retiring early would be the last thing on your list. That is why you should do work that you love, take time out to relax, eat healthy, invest no matter how little even while you are actively working.
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What you think is correct, but it is not wrong if someone chooses to retire early even in the current economic conditions, through careful planning, choosing the right profession, and wise financial management, early retirement can become a reality even in a different economic situation . As the saying goes, "He who sows with tears, will reap with joy." This proverb can be interpreted as meaning that good effort and planning will produce satisfactory results in the future, including in the context of early retirement.

Is it still possible to retire early? If the question simply like this the answer could be simply as saying YES hahha.

But seriously you can retire early in my opinion and this is my idea, disclaimer on I want retire early but I don't have money at the moment hahahha. So need a ton of money this is real first you can invest into dividend stock and government bonds as long as the APY is above the inflation rate. So if you have inflation rate that sit around 4% a year you can search any stock or bond or other investment that gives you return 8% or above 5%.

and from there it gonna possible to retire early

In the past, there have been the same story and thought that it's not gonna happen but it did.
I think there will be some extraordinary stories as well that the same thing can happen, either with BTC, some meme coins or any alt that will have tremendously gains

Even working, saving and investing still not enough to set for the early retirement, the interest offered nowadays are astonishingly aside from the investment that requires high risk there's nothing really worth investing, crypto is the only since we are only at relatively early phase right now there's still many things that we can invest knowing the space of cryptocurrency keep growing every year. But even then we're also still exposed to the risk.

so far its pretty shitty economic condition that we're in, the only way to get out of this probably just to stake everything that we have into one thing it could be investment or anything, increase that risk by few folds and hope for the best. otherwise we gonna need to pay mortgage for 30 years like anyone else even then such mortgage only affordable by people earning 6 figures.

a man can hope, but personally and realistically speaking $1M gonna be tough for someone that starts out with just few grands at most doing investment in crypto like the average joe.
unless its meme coin but only very few people making it big from meme coin anyway, the truth is, most of crypto already high valued the potential to rise even higher become lower going opposite to the capital growth.

Of course we must always be able to consider our old age in the future and if we can enjoy retirement before the age of 60 it will certainly be better because we have prepared for our old age earlier and if retirement is for a worker in a field that is under contract with a company or certain institutions, then we have to follow the applicable rules, but if we have a business that is running well, of course it will be easier to determine the time to retire and it can even be faster compared to those who work for a company and we will be able to enjoy that retirement period. by relaxing and not thinking about any business.

Very possible.
If my investment in crypto will earn me $1M then I'd be set for that and I'll live within my means and if possible, below my means.
I'd reinvest that into something that I know more or if not, I'd do just the same routine while doing not so heavy with my business.

Its something that you should really be needing up to consider because there would really be no guarantees that you could really be able to retire or finish up it until on the age of 60 on which this is something that will be considered to be the retirement age or much more earlier depending on which country because there are places which does have that less age limit when it comes on getting retired. If you are someone who do last up until the end then its good but factors or risks on being laid of or getting fired would really be still there on which simply means that it will really be just that still depending on how you would really be that handling up yourself on such conditions.

Ready or not some one will retired one day later as his decision or company decision fire them, we must face reality as worker fire or not and prepare our self before bad happening to us have good financial saving or looking for side income help us when fire by our company keep stable with financial condition.
Before retire or fire by company we need have other side job as build up our self business or make investing will help us later with passive financial source income, most of people preparation anything before retire or bad thing happening later by fire on company and build up their business become main passive income.

Its reality of our life, never has existing forever or longer time and we need prepare second plan after fire on our working or retire still has source income without depend on one income only as worker.

Bitcoin could give you that option, depending on how old you are of course. If you are 50 right now, you ain't getting that rich in the next 5 years or something, unless you do something stupid like put your whole savings ever into some shitcoin and get lucky, which some people did but many lost their entire savings.

But if you are like 20 years old right now, and put 10% of your salary into bitcoin every time you get it, and do that for 20 years, I guarantee you that when you are 40, you will have enough money to retire with ease. You could probably buy a couple houses straight up, no mortgage, and you will be able to do whatever you want. That is what I believe, I could be wrong of course but I am trying to hope for the best.

This is the most realistic statement and I like it. If we talk about early retirement then one of the ways that everyone can do this is by investing. You can invest in gold, silver, crypto or property. By owning investments you have the opportunity to retire early. You can't retire early if you only rely on your salary. But the problem is that not everyone has enough salary for them to invest. Especially if you are married and have children.

So in my opinion, if you are not rich and don't have a business, the only way I think is that you have to work harder to have additional income so that your salary can be invested. This is very difficult but not impossible. I think the ideal retirement time for the average person is around 40 or 50 years. I don't know whether that can be called early retirement or not.