Why You Need To Retire Early



Is there really a need to ask why you should retire early?

Hahaha, ok joke aside - I'm being ultra-serious actually. Every one of us should have a plan in place that clearly delineates our financial goal and how to retire early.

  • Some like entrepreneurship and hustling
  • Some like to invest in businesses by being angel investors or venture capitalists
  • Some like land banking
  • Some like stock trading
  • Some like dividend stock investing (me included)
  • Some like property investing
  • Some want to take their businesses public
  • etc

There are so many ways to get there, but this article doesn't cover that.

It covers why you need to retire early.

#1 You Retire Early So You Can Focus On Getting Rich/Wealthy

Retiring early doesn't mean that you're rich or wealthy.

It just means that your passive income streams is more than your daily expenses, and thus you no longer have to make decisions that put food in your tummy or roof over your head.

You can fear less and focus more.

Many of the rich people are less distracted and able to better focus on building and improving their businesses or investments because they're retired.

#2 You Retire Early So You Can Live A Rich Life Doing Things That Matter

Many of us subscribe to a life where living is deferred.

We choose to wait and delay doing what matters. We wait 20, 30 or 40+ years to retire, to spend time with children or parents, or to do something that is more meaningful to us.

Often, it is too late. An example is my dad, who passed away in 2014. He was 59.

2014 is the year he was to retire, and he looked forward to it. I too, deferred spending time with family, opting to "build my business first THEN spend time with loved ones later" - I learnt the hard way about fragility of life and time on earth.

The earlier you retire, the earlier you can spend more time doing things you love or spending time with people you love, exercise and get fit, travel the world when you're still young and fit and more. Or be parents who are always available for their children. Or writing that book. Or starting that online business.

Whatever it is, retiring early gives you options in life, to live meaningfully.



join the passive income family

Don't drown in the details - get the free fundamentals of passive income and early retirement and make your first $100 online.

Join the passive income family & newsletter below and get a bonus "Boring Blueprint To Passive Income & Early Retirement"

  • Learn how I started with less than $100 in my bank account from 2005-2008
  • ...turned my life and money around and by 2014
  • ...paid up my $390,000 flat in full in less than 5 years
  • ...starting making USD 40+ online per month
  • ...invested in dividend stocks for passive dividend income for recurring cashflow...for life!

You will also get subscriber-only Passive Income Tips, Starting & Growing Online Businesses Updates, Special Offers/Discounts and More - see you on the inside!

Talk soon!


Nigel

Please note that all fields followed by an asterisk must be filled in.

No spam ever - your email is never shared and you can unsubscribe anytime with one click.

Enjoyed this article? Share it with your friends by clicking one of the buttons:

Even better - share your thoughts and comments below:


Back To Top

Search In NigelChua

Current Projects

Nigel Chua

Nalco Group

Therapy Entrepreneurs

Xtend Health Asia

Wisdom Of Seneca

Bee Pollen For Health

#1 Recommended Online Business University And Platform

Solo Build It!

More than 95% of my online businesses and publishing works use the Solo Build It platform, for good reason. Find out here.



GetResponse Email Marketing

Building a relationship with your audience, customers and readers are highly important for any offline and online business, and I recommend GetResponse for their services, great price, ease-of-use.

Try GetResponse today (1st month free)

Bonus: learn how to use an email autoresponder



The Hoth

TheHoth can help to outsource your guest posting, article writing and backlinking marketing activities. Visit them here.



Google Suite

Google Suite (GSuite) is THE recommended Google tools for email, calendar, documents, sheets - for productivity  and communication.

GSuite/GMail one month free trial available here.



Shopify

Shopify has made it very easy to start an ecommerce business, solving most of the tech and logistical barriers and even has product suppliers with Oberlo!

Try Shopify today

Books I'm Reading

Holy Bible

Tribe Of Mentors

Seneca Letters From A Stoic

Seneca On The Shortness Of Life

See my full book/read list here.

Blogs I'm Following

Tim Ferriss

Pat Flynn

Tony Robbins

Ramit Sethi

Personal Goals

SGD 2,000,000 invested in dividend stocks with average 5% returns per annum by 45

SGD 2,000,000 in cryptocurrency

Owning, affording and living in a landed property in Singapore (or relocated to another country without worry of money) by 40

Publish at least one book by 40 years old

Online businesses serve readers and clients well (ie readers make more money, have happier/freer life etc), and website makes SGD 10,000 per month

Ongoing: spend more quality time with children, wife, family, bible, God.