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Interested in becoming financially independent and retiring early? Looking forward to living on your terms? Want to know the five best things about being retired early?
FIRE. That's an acronym for financial independence/retire early. It's something that yours truly takes very seriously. I made it my life's mission to achieve FIRE. I felt compelled by this, obsessed with it, right down to my core. I started my mission at the age of 27. And I made it to the finish line at age 33.
By the way, I explain exactly how I achieved financial freedom in just six years in my Early Retirement Blueprint. If you’re interested, you can download a free copy of my Early Retirement Blueprint using the link in the description of this video.
Even after growing up on welfare, not having a college degree, and never having a high-paying job, I still made it to the promised land. I've been living off of dividends since early 2016.
And after more than five years of living off of dividends and essentially being retired early in my 30s, I've found that there are a few things that are particularly fantastic about FIRE. Today, I want to tell you the five best things about being retired early.
One of the best things about being retired early is actually quite straightforward. And it's not what you get but what you lose.
One of my favorite things about being retired early is not having a boss.
Yep. This is addition through subtraction. Losing the boss was one of the biggest gains in my happiness and overall quality of life. Naturally, if you no longer have a job, you no longer have a boss. Or do you? Maybe I should rephrase that.
Instead of having a boss, you become your own boss.
The second thing I really love about being retired early is being able to make your own schedule.
Yes. It's not just about being your own boss and doing what you want. It's also about doing it when you want to.
I used to have to wake up at 6:30 in the morning for my car dealership day job. I can't even begin to explain how miserable it made me to wake up so early. Nowadays? I have no alarm clock. I wake up when I want. Then I get to do what I want, when I want to do it.
The next amazing thing about being retired early is being able to live anywhere.
See, being financially independent also means you're geographically independent.
FIRE is all about freedom. Location independence takes that concept literally, meaning you're free to actually physically locate yourself anywhere you'd like. I mean, why do most people live in certain places, or move to certain places? When you ask people about why they moved somewhere, they often talk about a job opportunity bringing them there. Other than, perhaps, family reasons, people usually live where they have the best economic opportunities. Well, no job tying you down to a place means you can live anywhere.
Another one of my favorite things about being retired early? Finding purpose in your life.
When you're no longer being told what to do, you're free to look inside yourself and find out what your purpose is.
It's all about the "why". I mean, why did I work at a car dealership for eight years? For the paycheck, of course. Was I put on this planet to spend most of my waking hours at a car dealership? I certainly hope not. That would bum me out if that were my sole purpose. There was no other why for me other than the money. But I now do the things I do because I feel a sense of purpose from all of it, which is only possible once you divorce yourself from the need for a consistent job paycheck via financial independence.
This stock is definitely in that spot.
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LEGAL DISCLAIMER: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose your entire investment. If your money is not FDIC insured, it may decline in value. Jason is not a licensed financial advisor, tax professional, or stockbroker and he does not purport to be. The links above may include affiliate commissions paid to the owners of Dividends and Income and help support this channel.
