“Early retirement is just for lazy people.” “I don’t want to save money and retire early, because I’ll be bored.” The two myths above, along with many, many others, are things I often hear people say when they talk about retiring early. I’m not sure why there are so many negative feelings about early retirement, because…
“Early retirement is just for lazy people.”
“I don’t want to save money and retire early, because I’ll be bored.”
The two myths above, along with many, many others, are things I often hear people say when they talk about retiring early.
I’m not sure why there are so many negative feelings about early retirement, because I personally love the idea of people striving to retire early and not be “normal.”
I mean, just think about it: Don’t you want to retire early, so that you can have the financial freedom to do whatever you want to do?
What’s bad about that?
Whether you want to travel, continue working, spend more time with family, or whatever else, retiring early gives you the ability to choose.
Plus, early retirement can be whatever age you want it to be, it doesn’t have to be that you retire early at age 30. If you are able to retire at age 60, that’s awesome! The point is just to beat the “norm.”
Sadly, there are many out there, who do not save enough money when preparing for retirement. According to Zacks Investment Research, 72% do not save enough for retirement each month. Also, according to a different survey done by Bankrate.com, 36% of people in the U.S. have absolutely nothing saved for retirement.
Due to the above, I think it’s obvious that more people should make saving for retirement a priority.
While I have not retired early (yet!), it is a goal of mine.
Now, don’t get me wrong: I absolutely love life and my online business. However, I would rather be safe, because you never know what may happen later in life. As you know, I’m a worrier and I would much rather be safe than sorry. Something medically may occur, the industry may change, I may change, and so on.
You just never know what may happen in the future!
To me, having the ability to retire early is all about freedom and flexibility.
This is why others may want to reach early retirement (or financial independence) as well. Reaching early retirement may mean that you have the option to do what you want to do and not feel as bound by your financial situation. You can, therefore, feel free to seek whatever it is in life that you want to seek out.
Related: Reaching Financial Independence IS Possible And Here’s How You Can Do It
Now, I’m not going to automatically assume that extreme early retirement is for everyone. However, the majority of the population does not seem ready for retirement at any age, so to discount early retirees altogether just seems crazy to me.
If you are new to the topic of early retirement, here are three great articles on other websites that I highly recommend: