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10 Signs You Will Be Able To Retire At An Early Age

10 Signs You Will Be Able To Retire At An Early Age

For many people, the dream of an early retirement seems far fetched. Worries about how you will live, what will you do, and what others will think can obscure the reality that is right in front of you. But early retirement may be more viable than you think. Take, for example, the story of Brenton Hayden who made himself a goal to retire by age 27 and succeeded. By strategically building a business that could run itself when he was ready to walk away, he did the seemingly impossible and now lives a life of complete freedom.

So we have compiled 10 signs you could be capable of the same.

Being able to identify the 10 signs that you can retire early can be the first and most important step to setting your own course. As you read the list, you may be pleasantly surprised at how many of these elements apply to you right now.

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1. You Believe That Opportunities Exist Everywhere

Hayden’s belief that he could find the positive in any situation and turn it to his benefit is what allowed him to become self-sufficient and able to meet his goal of retiring at 27. Opportunities can be all around us, we just have to look to see them.

2. You Feel That Your Daily Life Is No Longer Fulfilling

Sometimes being productive or successful in a position still leaves a spiritual and emotional void. When you reach this point, the best cure is often to walk away and follow that “road less traveled” to reawaken that desire to build something new – perhaps even in a new location.

3. You Want To Share The Skills You’ve Learned

When you’ve mastered a skill or trade, the greatest satisfaction is often gained by sharing that knowledge with others. Not only is this a great way to “pay it forward,” but it also empowers those around you and enables them to carry on with what you’ve taught them, freeing you up to focus on the things that will help you achieve your early retirement goal.

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4. You Aren’t Afraid Of Risk

The old saying, “no risk, no reward” is particularly important in knowing if you are ready to retire. Walking away from the relative security of a known existence (i.e. job, daily routine, etc.) to step into an uncertain future is a profound choice. Yet if you feel that the only thing worse is to remain stagnant, then the time may be right to make that move.

5. You Want to Control Your Destiny

Recognizing that being able to dictate how and where you spend your time is truly life affirming and can be a major step in the retirement process. If you find yourself wanting to take control of your own future and live life according to your own terms, then you may just have what it takes. The key is having the courage to take the first step.

6. You Don’t Believe In The Traditional Definition Of Retirement

Retirement no longer means just sitting around the house, playing golf or tennis, and watching the time go by. Believing that retirement today can mean working (or not) when you want, traveling when you want, and not being held to someone’s else’s agenda is a major indicator that you are ready to retire on your terms.

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7. You Believe That Retirement Isn’t The End, But Instead A New Beginning

Being freed from the yoke of job deadlines, a daily routine and demands on your time marks that start of a whole new existence. You can now work hard (or not) and play hard. It is up to you how to take this next chapter in your life and make it your own.

8. You Accept That Money Is Not The End-All And Be-All

Monetary status is like the weather; it can change without warning. By embracing the fact that you can live cheaply for now – if need be – in order to achieve your goal of early retirement, you are already prepared to handle the ebb and flow that retirement and investing while retired, can bring.

9. You Don’t Measure Your Life Against Others

One of the most profound benefits of retiring on your own terms is that you no longer have to measure your life achievements against what others have (or have not) gained. Success and failure are both just chapters. Some of which fall short of a goal and may ultimately lead you to end up reaping more rewards than if your original plan had succeeded. Life is funny that way.

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10. You Know That Age Is Just A Number

Nowhere is it written that you have to reach a certain age in order to be “ready” for retirement. True, some financial situations, such as pensions, 401k’s or Social Security have a mandated legal age, but the idea of retiring and beginning a new life is not bound by those same numbers. That is why people like Hayden could choose to retire at 27, while others continue to work through their 70’s and 80’s. Knowing that age is just a number means that you are not bound by the societal barriers that dictate what the “right” age for retirement should be. That choice is uniquely your own.

So What Questions Should You Be Asking?

Every journey starts with the question: What do I want to discover? No matter what your age or status, it is never too early to start asking yourself some serious questions about retiring. As you look within, these 10 signs will stand out as beacons showing you that the only obstacle to meeting that dream is yourself. Dare to take that first step today.

Featured photo credit: barca-couple-soledad-wholesale-473854/Montaplex via pixabay.com

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Last Updated on September 23, 2020

Do What You Love and Love What You Do to Achieve More

Do What You Love and Love What You Do to Achieve More

Are you waking up each day looking for that perfect thing, activity, or job that will make your life work? Or, maybe you are looking for that perfect relationship. Once you “get” this new thing that will allow you to do what you love, you are sure that you will be happy forever.

In reality, life doesn’t work like that, and we would probably get bored if it did. There is likely no one thing, experience, or activity that will keep you feeling passionate and engaged all the time. What’s important is staying connected to what you love and continuing to grow in the process.

Here, we’ll talk about how to get started doing what you love and achieving more in life through the motivation it brings. Doing this doesn’t have to take a long time; it just takes determination and energy.

Most People Already Know Their Passion

So many people walk around in life “looking for” their passion. They look for it as if true passion is some mysterious thing that is difficult to find and runs away once you find it. However, the problem is rarely lack of passion.

Most of us already know what we love to do. We know what excites us, even if we haven’t done it for years. Instead, we focus on what we think we “must” do.

For example, maybe you love building model cars or painting pet portraits. Yet, each day you work a completely unrelated job and make no time for the activity you already know you love. The truth is you probably don’t need to find your passion; you just need to start doing what you already know you’re passionate about[1].

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No Activity Is Exciting All the Time

Even people who are living their dream lifestyle or working their dream job don’t love it all the time. Every job or lifestyle has parts of it that we won’t like.

Let’s say your dream is to become an actress, and you succeed. You may not enjoy the process of auditioning and facing rejection. You may experience moments of boredom when you practice your lines over and over again. But the overall experience is totally worth it.

Most of life is like that. Don’t set yourself up for disappointment by demanding that life be perfect all the time. If things were perfect and easy, you would ultimately stop learning and growing, and life would begin to lack even more meaning in that case.

Be grateful for both the good and bad moments as they are both entirely necessary if you genuinely want to do what you love and love what you do.

Doing What You Love May Not Be Easy

Living a life you love is unlikely to be easy. If it was, you would not grow very much as a person. And, if you think about a great book or movie, the growth of the main character is what matters most.

What if the challenges you meet along your path to living a life you love were designed to make you grow as a person? You may actually start looking forward to challenges instead of dreading them. An easy life hardly ever makes a compelling story.

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If you struggle to overcome challenges, try writing them down each time you encounter one. Then, write down three ways you could tackle it. Try one, and if it doesn’t work, try another. This way, you’ll learn what does and doesn’t work for you.

How to Do What You Love

There are many small steps you can take to ensure you are making time to do the things you love. Start with these, and you’ll likely find that you’re already on the right track.

1. Choose Your Priorities Wisely

Many people claim they want to do something, yet they don’t do it. The truth is they might not really want to do it in the first place[2].

We all end up following through on what matters most to us. We make decisions moment by moment about what we need to focus on. What we choose to do is what we deem most important in our lives.

If there is something you claim you want to do but you don’t do it, try asking yourself how much you really want it or where it’s currently placed on priority list. Are there other things you want more?

Be honest with yourself: what you currently do each day is a reflection of your priorities. Recognize that you can change your priorities at any time.

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Make a list of your priorities. Really take the time to think this through. Then, ask yourself if what you are doing each day reflects them. For example, if you believe your top priority is spending more time with your family, but you consistently take on extra hours at work, you’re not really prioritizing things in the way you think you are.

If this is happening, it’s time to make a change.

2. Do One Small Thing Each Day

As stated above, doing what you love doesn’t have to mean finding that perfect job that makes you want to jump out of bed in the morning. If you want to do what you love, start with one small thing each day.

Maybe you love reading a good book. Take ten minutes before bed to read.

Maybe you love swimming. Get a membership at the local YMCA, and go there for thirty minutes after work each day.

Dedicating even a short amount of time to something that brings you joy each day will improve your life overall. You may find that, over time, a career path related to what you love to do pops up. After doing the thing you love each day, you’ll be more than prepared to take it on when the opportunity arises.

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If you need help making time for your passions, check out this article to get started.

3. Prepare to Make Sacrifices

If you are an exceptionally busy person (aren’t we all?), you may have to make sacrifices in order to make space for the things you are passionate about. Maybe you take on less extra hours at the office or take thirty minutes away from another hobby in order to develop another that you enjoy.

Looking at your priority list will help you decide what can get put on the back burner and what can’t. Remember, do this thinking about what will help you feel good about how you’re spending your time. 

For example, if you love writing but rarely make time for it, consider getting up 30 minutes earlier than normal. Or instead of browsing your phone for 30 minutes before bed, you can write instead. There is always a way to find time for what you love.

Final Thoughts

If you love what you do, each day becomes a joyful adventure. If you don’t love what you are doing, life feels like a chore. The best way to achieve success is to design a life you love and live it every day.

Remember, doing something you love doesn’t have to include big gestures or time-consuming projects. Start small and grow from there.

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Featured photo credit: William Recinos via unsplash.com

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