Retire Young and Wealthy
October 15, 2011 6 Comments
The reason why I venture the world of Investment and other passive income generating instruments is because I want to retire at a not so old age. Actually, I want to retire at an age of 50 (if god willing). Sounds an early age for retirement but I guess this is the right age to retire. Just imagined if you retired at age of 65, what else could you do at this age? I know there are some people that are still active even at the age of 65, however, would it be more meaningful if we enjoy our retirement doing something like traveling the world, snorkeling, hiking, and doing other things that needs a little amount of youthful energy. Actually, I hate the concept of retiring because you couldn’t work anymore or you are near the age of expiration. How could you enjoy your retirement if you are catching your breath by just walking a few meters or sitting on a chair with wheels?
The 2nd reason why I want to retire early is, I found my corporate job too stressful that I always think that it will rob me of my sanity if I am going to stay here for another 20 years. Sometimes, I was thinking that I was paid to lose my mind so that others could keep their sanity.
I like my job as an engineer, but being an engineer you need to solve a lot of problem on a day to day basis. And although my salary is good, I find it not worthy to trade my sanity for this healthy compensation. I feel like this stress is shortened my life. I think there are some other ways to earn a living without putting yourself into too much stress. So while I am still working, I always keep aside a certain amount for my retirement.
Of course everybody can retire early but, it will not make any sense if I retire with only a penny in my purse. I need a reasonable amount of wealth that could earn and sustain my day to day expenses and to finance all those in my bucket list.
My best plan to achieve this goal is to keep on investing, and create wealth through it.
Actually, it was quite tough achieving this ambitious retirement age of 50. And in case I missed this goal, I am still happy to retire at an age of 51.
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Quotes:
Retirement has been a discovery of beauty for me. I never had the time before to notice the beauty of my grandkids, my wife, and the tree outside my very own front door. And, the beauty of time itself. ~ Hartman Jule
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About "The Overseas Pinoy Investor"
"The Overseas Pinoy Investor"
nice post. we share the same dream of retiring at the age of 50.
I am more aggresive in my retirement plan. My plan is at the age of 40. It will only be retirement from corporate job but I still want to work but on my own pace and the job that I want.
Hopefully things will work out.
Retire Young and Wealthy with me and lets earn money.Come and join with me.
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very nice post. we share the same sentiment. for my case i actually want to retire as early as 33. though i really like my work as an engineer but i desired quality time for my family especially for my boy.
thanks for this article.
Nice post.im also OFW working in medical field here in middle east.we have same dream retiring at 50.im almost there because of not wasting my salary for nothing.having a condo in makati,condotel in Newport,and more.soon I’ll be enjoying my early retirement in Hamilo coast in Nasugbu,Batangas and playa laiya in San Juan,batangas.I want to travel and see the rest of Philippines.,where’s Fun is.
By the way,I have my mutual investments in Fami,philamfund and Sunlife.
To all OFW,save,save,save.Dont spoil your family back home.
Hi Rowell,
Very well said.. Save and Invest it’s our ticket to retire early.
-OPI