You need capital to start a business. Your fire corpus does not count.
It takes time to master a new habit and it is not a straight journey.
This small habit is harmless, right? But what if this same impulse also makes you spend your money to buy things that you don’t really need or to take debt instead of saving-up to buy things.
Experience is simply the name we give our mistakes.
Some of us dream of traveling the world after retiring early but are apprehensive that just banking on retirement corpus may not be enough when you want to travel the world.
How to handle it!
“This Valentine’s Day I want to touch on a touchy topic with couples: how to convince your significant other to work together as a team towards Early Retirement.”
You don’t want to wait until you have less time & energy left to do the things that matter to you the most.
When you don’t depend on a job to meet your monthly expenses then you are financially independent. This is possible if you invest your savings in assets that generate a passive income equal to your monthly expenses.
It is very comforting to read success stories of people, especially if you have a similar goal as them.
Statements like “save for a rainy day” or “save now for future” were something I was used to only hearing from my grandmother.
Life is about balance and a bit of luxury on budget provides us with the experiences and memories that fuel our consistency towards financial goals.
A positive attitude towards work is important for your happiness in life.
You only miss health when you don’t have it.
It’s headline news about 45-year old mid-level managers getting laid off because their industry considers them obsolete. They probably won’t get another job at the same salary for at least 3-4 years.
Savings = Income – Expenses.