subject: Preparing for Early Retirement [print this page] Preparing for Early Retirement Preparing for Early Retirement
Early retirement is something that we would all like. But few are willing to do the work now, so that they can relax later. In order for you to retire early, you need to either make a lot of money, or create multiple streams of income that will keep paying you for life.
Creating multiple streams of income is definitely the way to, because if you make a lot of money, you will simply spend it. Unless of course you save it, but that too may eventually run out. So your goal is to create streams of income that will sustain you today, as well as tomorrow. This way the money will never run out, and you can enjoy life for as long as you want.
Early Retirement
You may think that early retirement is something that you would enjoy. But if you create an online business that you enjoy taking part in, it may be difficult to leave it behind and just go on vacation for the rest of your life. This is perfectly normal for people to feel this way. You may not think that this applies to you, but once you find yourself in a situation where you do not need to work anymore, you realize that work can actually be very satisfying if you do what you enjoy doing.
So what do you do? Well, make early retirement a possibility, then you can do whatever you want. If you want to continue working, then do so, but if you want to stop working, then you have the choice that you can do so, and still be financially free.
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