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What does retire young retire rich means to you?
Is retire young retire rich a good idea? If retire young retire rich is such a good idea, why should not we pursuing it? Would you be choosing this retire young retire rich path if you know you can make it through this journey? |
Would you like to retire earlier than 55 or 60, say retire at 30 or 40 ? Could it be done with venturing into business? How about paper assets, real estates and virtual properties?
The meaning of Retire Young Retire Rich
The key in retire young retire rich is Freedom.
The 3 freedoms that a normal people (not in severe sickness) would be looking for are mostly Financial Freedom, Time Freedom and Geographical Freedom.
People may have different definition about freedom in their own perspective.
But the general description for these 3 freedoms (Financial Freedom, Time Freedom and Geographical Freedom) can be as simple as:
Financial Freedom
= Income > Expenses, FOREVER
This could be achieved by having multiple streams of passive income (yes, preferably passive residual income)
Time Freedom
= No such thing as alarm clock, No traffic jams to work and back home (every working days!), wake up naturally, retirement doesn’t have to be at age 55 or even more than that!
Geographical Freedom
= Work ANYWHERE and receive payments ANYWHERE (it’s possible with businesses that could leverage on the internet to deliver services - mostly virtual products), buy houses and stay in places that is NOT RESTRICTED or DETERMINED by where your job is. Travel around the world as a traveller, and not a tourist, while income still coming in.
Starting web based business is one of the way to have geographical freedom, as you can have the options to monitor or manage your business from anywhere around the world, as long as you are connected to the internet.

Retire Young Retire Rich
Freedom, as illustrated above, is where we are not trapped in the rat race. We have the freedom to choose, Everyone is born equal, as part of a egalitarian societies, if any.
Secondly, most of the things in life are only to be done when we are young.
Imagine an old folk with a heart attack trying for bungee jumping. Would you still be able to take in the excitement and challenges a bungee jump from a sky skrapper when you are too old for it and may die of heart attack half way jumping down?
When you are old and retired at 55 or older, then only you plan to travel the world? Why not do it NOW? How far could you travel by walking when your physical body is in the old age condition?
In conclusion, Retire Young Retire Rich is definitely a good idea. The earlier we retire, the more freedom and choice we have. If we are still in the rat race as of now, why not consider and check out this option: Retire Young Retire Rich.
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