First Steps to Early Retirement: You can’t fast forward to retirement and waiting sucks. So this is what you should do.

Hi Everyone! Mr. Minion here.

Everything takes time and that applies to your journey to early retirement. You can’t fast forward to the end and skip parts that you find boring because life is not a movie.

I know that waiting sucks – they say patience is a virtue, but who likes to wait? No one likes to wait. It’s insanely boring. I know, because I have felt this way before.

So what can you do? Suffer in silence? No, there is something that you can do to stop life from being so boring.

What I find helpful is to have many small milestones or goals instead of a few large ones. For example, let’s say you have a goal of having 500k in net assets before you hit 32 (assuming you are 24 right now). This is a goal that will take you 8 long years to achieve. That is a long, long time. What you should do is break it down into several smaller goals – having 100k in net assets by 26, 200k by 28, 300k by 30 and 500k by 32.

While the achievement is the same, it just makes the journey a little be more bearable. It also helps you to keep track of where you are in terms of achieving that ultimate goal. You can also arrange for some small rewards should you achieve each small goals early or on time.

Make your journey to early retirement into a fun game, or else life will be really boring.

Till next time then

 

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