Early Retirement

I have spent 18 years in IT industry and there have been days where I want to do my own thing. The challenge in an organization is that you feel boxed in so many ways. Many have different reasons. I could list a few below :

1. I am not sure about the stability of my current job
2. I want to do something on my own
3. I want to pursue my dream
4. My health (both physical and mental ) are worsening by the day
5. I need to travel

What should I do to retire early ?

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To enjoy early retirement, you may have to do the following things :

1. Save from the first day that you receive your salary / income. Time Value of Money.
2. Live frugally and as your income increases, do not expand your lifestyle
3. Invest in yourself and your career (this gives the maximum return)
4. Invest your money in such a way that you beat inflation

Goal Planning

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1. Plan your goals in life - 4 goals that generally come for any individual

   1. Your retirement goal
   2. Your child / children - school / graduation goal
   3. Your child / children - marriage
   4. Your house

2. Go to a trusted financial planner to help you achieve your goals

3. Mitigate risks by transferring them - there are two risks - Life & Health - don’t underestimate them - buy insurance

I would like to know more !