Comments on: How to Retire Early and Rich by Making a Commitment

By: Sire

Sire — Sat, 16 May 2009 01:46:39 +0000

That is a good goal in life that you have set Mikael as not many freely give of what they have learned as there is usually a catch. I look on with interest and no matter how old you are there is always something new to be learned,

By: Mikael

Mikael — Sat, 16 May 2009 01:31:56 +0000

I’m sure I would but I am also surprised for every single one I meet so

All I am hoping is that I can teach just a few how to start making MORE money instead of trying to just use less (which for some of them would also be a good thing). For everyone I can help I’ll feel grateful.

By: Sire

Sire — Sat, 16 May 2009 01:23:41 +0000

Actually you would be surprised how many people live in such a fashion, especially the young of today who have no concept of what is waiting for them if they don’t do something about their future now.

By: Mikael

Mikael — Sat, 16 May 2009 01:18:21 +0000

Hi Sire. I’m glad that you agree and I’m sure you’re right about some people spending all that they have (and then some) because they don’t know if there will be a tomorrow. However I am pretty sure that it doesn’t apply to everyone.

Because personally I believe that a big part of it is also not knowing how to manage their financial situation. I see so many people trying to SAVE their way out of their current situation but only very few actually trying to do the opposite which is trying to make more money.

I hurts me to see people WILLINGLY forcing themselves to live below their means instead of just making more money. It really isn’t that hard and it will provide a lot more benefits in both the short and the long term.

By: Sire

Sire — Fri, 15 May 2009 23:36:15 +0000

Commitment is certainly important, as is sacrifice. Many will never retire early as they will always spend as much as they earn. Why? Because they want to enjoy the here and now because you never know if there will be a tomorrow. Unfortunately for many tomorrow arrived and they were caught unprepared.

Sacrifice amongst other things means not going out as often as you would like, Not spending more than you earn and not buying stuff you do not need. I know of people who went into business and were doing really well but spent all that they earned and when things went wrong had nothing put away to bail themselves out and lost everything.