No matter how much you love your job, weekends and vacations are always better. Everyone that is coming close to the age of retirement becomes dreaming how they're going to spend the time while they are retired. When the time comes, however, everyone is too exhausted and the plans they had for retirement goes to waste.
Many people are aware of this fact and dream of retiring earlier than the standard age of 65. It's a great idea, but no one should do it unless they have complete financial independence and have a steady income that will last until the end of their life.
To gain financial independence seems impossible, but it's really not that complicated. If you think about it on time and start saving while you're relatively young, you'll be able to save enough money to live a respectable early retirement.
Let's say that you save $1,500 every month. In a year you'll save $18,000. In 10 years you'll have a clear amount of $180,000. In 30, the amount rises to $540,000 - simple math, right? So it means that if you have started working at the age of 25 and you work until you are 55, you'll have enough money to spend $4,500 for 10 years without working anything until you reach the age of 65.
The simple math looks cool, right? But, isn't it a little confusing how you're going to save this amount each month, is it possible to work for the same wage from day 1 until you're 55? The numbers are great on paper, but in reality, it's not always flawless like this.
Another choice many people that like to retire early with financial independence make is the ROI option. ROI - Return On Investments is a great option for people that like to retire early, but are aware of the idea at a time when retirement time is still too far away. It's like personal saving, but better.
The ROI funds are made to provide you with a large sum of money after a longer period of time. If you make a proper investment and the rate is 10%, then in the same period of time you might get twice the money you saved by yourself. Or, if you try the ROI system later, let's say at the age of 40, you'll get more or less the same amount of money as you would save by yourself from the age of 30.
The basic is that if you invest more money each time, you'll need a shorter time to raise a larger sum before you decide to retire. It depends on your ability to invest. The further you invest, of course, the more money you'll have at the end of the investment and you'll have more to live a wonderful retirement.
So in the end, it turns out it's not impossible to retire early with financial independence - you only need to know your options and work hard. Do your best in the years every person is most productive and you'll surely have time to enjoy your early retirement.