Now that wife and I are parents, our kids have become our purpose. At first, it was educating readers about how to achieve financial freedom. Instead of spending hours sitting in a chair and having takeout at my desk, I'm eating healthier, exercising more and meditating longer.įinally, I absolutely have purpose. I firmly believe that stress is one of main causes for many of our biggest health problems. and that's just the half of it.Īll those issues miraculously went away once I retired. When I was still working, I had all the common problems: Plantar fasciitis (inflammation of the fibrous tissue), a weakened immune system (due to immense work stress), chronic lower back pain (from sitting all day), teeth grinding (also from stress). This might be the most insidious myth of all, because the health benefits of early retirement are priceless. You'll have to cut back on spending to save money-and it will suck. Lastly, we had emergency plan: If money ever gets tight, we'll take on as much freelance work as possible or sell our San Francisco home and move to a more affordable area. To make sure we could survive off that amount, we experimented with living off of much less before actually retiring. My wife and I also expected a passive income of about $80,000 per year in retirement (mostly from rental income, municipal bonds and interest from savings). I'm glad I did, because in addition to growing my savings, the extra time allowed me to negotiate a nice severance package. Early retirement takes years and years of planning, discipline, saving and investing.Įven though my goal was to retire in 2011, I decided to stay working for another year. People don't just wake up with the decision to retire early-and then quit their jobs that very same day. While you should be always be prepared for the worst, this is an irrational fear for one simple reason: You will do everything you can to ensure that you will not run out of money.
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