Retire Rich Roadmap » early retirement

When Are People Most Likely To Retire?

Mikael — Wed, 08 Jul 2009 21:22:34 +0000

Since this blog is about wanting to retire early and rich I am naturally doing some market research to find out what is driving people to search for ways or solutions to stop working on their job. Within the last 12 month (if I am not mistaken) Google has grown a lot smarter and are now helping us search based on what other people have searched for. Because of this we can see at what age people want to retire. Not when they are actually going to achieve it but just what they are searching for. So as you can see from this picture people have goals and wishes of wanting to retire with 5 year intervals (except for the magic number of 21 and the normal retiree age of 62 and 65). What this tells us is that many young people are full of hope an... Read more

You Need To Know WHY You Want To Retire Early

Mikael — Thu, 18 Jun 2009 17:52:27 +0000

Some of you are reading the headline and might be saying to yourself that it can’t be that important to know why you want to retire rich and/or early as long as it happens. I have to give you that if it was as easy as it sounds then I wouldn’t want to argue with you. Unfortunately it has been proven time and time again that nothing “just happens” and rarely does anything good come from very little effort. This does however not translate into it being neither hard nor impossible to quit your job and retire in an early age, but if you have no idea why it is that you want that retirement in the first place then odds are that you will not get it. Why the WHY Cannot Be Negative As with most things we want in life, being able to say to y... Read more

How Much Do I Need to Retire at 55?

Mikael — Sun, 17 May 2009 01:29:18 +0000

If you are looking forward to the time where you’re going to retire then you might be one of the many people that have been asking themselves how much money they would need to be able to retire early. I’ve found that a lot of people seem to find the age of 55 years old to be a great age to retire which I can only agree with. The sooner you’re able to retire or become financially free the better if you ask me. But in order to be able to retire at 55 you will need to know if you can afford to retire. You might have your 401k plan in place but for most people that might not be enough to retire on and if that is all you have then things might not be as great as you would want them to be. So how do you find out if you have enough money to... Read more

7 Steps to Achieve Early Retirement Capability

Mikael — Sat, 16 May 2009 02:18:10 +0000

I don’t recall ever meeting someone that had a job and didn’t want to be able to retire early from that job. Even people that actually like what they are doing at their job would want the ability to be able to quit or at least not be dependant of the paycheck each month. So what do I see as the key aspects for an early retirement? 1. Start as soon as possible The best thing to do is start as early as you possibly can. The more time you have to work on it the less effort you will have to put in. Unfortunately too many people are starting out too late and are therefore struggling with making ends meet and often can’t see their way out of the everyday hassle. 2. Find out what you want You need to be clear about what it is that you actual... Read more

How to Retire Early and Rich by Making a Commitment

Mikael — Fri, 15 May 2009 00:16:13 +0000

As you might be aware this blog was intentionally created to help people that are looking for ways to retire early and retire rich to do just that. The ways to actually achieve this goal are many and I might even dare to say unlimited but even so there are just as many ways to avoid reaching that goal. Unfortunately I find that many people are searching for ways on how to retire early because they are looking for ways to retire as fast as possible. They might be sick and tired of their jobs or they might have been in an argument with their boss or similar. Making rapid decisions and looking for quick fix solutions is almost never the best way to go and as far as I am concerned this apply to the early retirement situation as well. I can full... Read more

Why Do You Want to Know How to Retire Early?

Mikael — Fri, 24 Apr 2009 13:24:18 +0000

Being able to retire early is a dream for a lot of people but the sad truth is that very few people actually ever get to a point where they are able to retire before the age of 60-65. There are many reasons why most people never make it but I see two reasons that are causing most of the problems. The first reason I see is that there are SO much misinformation floating around in all kinds of media. You’ll watch financial TV shows telling you all kinds of things that might sound reasonable but it can in fact actually have the opposite effect of what is being promised. You can find online financial news websites like CNN Money that will tell you to “save, save, save”, “live less than large” and “bank your ex... Read more