nomad4ever

A while ago we established a concept, that it doesn’t take you necessarily heaps of money to retire early in your lifetime. If you don’t have high demands, are happy to live a simple but fulfilled life in a low-cost-of-living country, plan ahead and have some savings which will provide you with passive income in the form of interest, rent, dividends it might be even possible that you can retire already in your 30s.

You can read many tips and tricks on this site on how to plan ahead and retire early to enjoy what life really has to offer. So if you seriously plan to retire early, is there a chance that you can totally f*ck it up? But of course!

written by Chris

Most people still believe that they are dependent on what Government pension plans or their previous company will provide for them when they are ready to retire. Or that they have to work until 65, 68 or even until they drop dead to the floor. That debt, cost of living and steady consumerism and expenses will never allow them to live a more relaxed life and enjoy their day – with whatever comes to their minds.

Do you belong to them?

written by Chris

One day a rich Westerner who had made sqillions from speculating on the stock market was strolling along the beach and saw the fisherman pulling in his boat with his meager catch.

The rich Westerner stopped and remarked “not much of a catch today”. The fisherman replied “yes not much” but explained that his small catch was enough for him and his family.

The rich Westerner asked, “But what do you do with the rest of your time?”

written by Chris

USD 1 Million? 2 Million? 5 Million? Or just 200.000? Are you kidding me – how can I *retire* now!?

How shall I finance my retirement? I will need *loads* of Cash, Gold, Insurance or Credit! I need my Hummer, the BMW X3 for the wife, my penthouse for the mistress, the Wanker’s Club Membership and my Arian German Sheppard!

Oh really?

Poor you – because if you’re really thinking of retiring early in your life – the question shouldn’t be: “How much do I need?”.

written by Chris

Recently I found this practical guide on how everyone can retire in their 30’s.

It just requires a little planning ahead – and chosing the right path. It’s nicely written and really a great “How-to”, if you are in your early 20’s and don’t know which way to go. Most of it is truly common sense for a mid-age guy with both feet in life. But the trouble is, you only acquire those experiences over time. And with a lot of potential to mess it up!

written by Chris

Are those governments gone crazy? Instead of cutting their overhead and lowering government and state influences on economy, tax systems and benefit/welfare systems; they pass the buck – to the normal/everyday people who have to get the ‘cart out of the dirt’.

I wonder how long people are still letting things happen like that. Probably forever. It’s like the lamb on its way to the butcher. Get out there, fast! We are a global world these days. Everyone is talking about globalization, it’s time you discover the benefits of globalization for you!

written by Chris

The U.S. Department of Labor released some tips, on how to prepare for your retirement. It doesn’t matter how old you are now; actually the younger you are – the better! Okay, some tips apply for US citizen only. Anyway, here they are:

written by Chris

1. Compound interest works in your favor. “The earlier you start, the less you have to save every month,” says Dallas Salisbury, president and CEO of the Employee Benefit Research Institute. “Start at 20, and set aside 15 percent of every dollar you earn, are gifted, or inherit, and you will be in good shape at retirement age. Wait until 40, and it will have to be 25 percent or more of every dollar earned. Wait until 50, and it will be 45 percent of every dollar earned.” The money you invest now still has lots of time to grow before you even think about retirement.

2. Matching is free money. “If you are in the younger generation, the chance that you will be covered by a defined benefit plan is less than the chance that your parents had,” says Andrew Eschtruth, associate director of external relations at Boston College’s Center for Retirement Research. But it is more likely that you will be given the opportunity to participate in a 401(k). You should make sure to put enough money into the 401(k) to receive the full employer match.

written by Chris