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How to retire early so you can work, travel, and relax on your own schedule


Added 11-13-19 05:14:02pm EST - “Curious about how to retire early? Focus on earning, saving, and investing as much as you possibly can. But don't forget to make a backup plan.” - Businessinsider.com

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Posted By TheNewsCommenter: From Businessinsider.com: “How to retire early so you can work, travel, and relax on your own schedule”. Below is an excerpt from the article.

The road to retiring early isn't easy. It takes time and incredible discipline to earn, save, and invest as much as you possibly can.

That said, early retirement comes in various shapes and sizes and what it looks like to you will determine exactly what you need to do to get there. In general, here are the steps you can take:

Retiring early doesn't have to mean never earning a paycheck again — unless you want it to. Many early retirees define it as not having to work to live — i.e. financial independence — but maybe you want to leave your corporate job for something more creative where you can make your own hours. Or perhaps you'd like to focus only on non-income producing hobbies, or work in spurts and travel in between.

The first step on the path to early retirement is figuring out exactly what that phrase means to you. Establishing your ideal day-to-day will make it easier to plan for — but just so you know, it will probably evolve over time.

Leif Dahleen, the blogger behind the Physician on FIRE, retired from anesthesiology at age 43. He says the first step for any aspiring early retiree is to take inventory of their finances. 

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