Retirement Blog

For most people, to retire early is going to require a change in mind-set, from consumption to conservation.

You will need to think “conservation” when you plan your retirement, prepare for retirement, and while you are retired.

This is the essence, of the Retirement Program I have been developing, and will  soon complete.  Conservation is the key, to not only saving our environment, but also to saving your retirement.

Current retirement planning methods are based on consumption. They assume that you wish to, and will continue to, live your current hyper-consumer lifestyle. The focus of most retirement plans is to garner a large amount of wealth, in order to maintain, your consumption patterns.

Unless you are already wealthy, a CEO, doctor or dentist, the odds of you being able to acquire the amount of money you will need, to maintain your current spending behavior, are very low indeed.

On the retirement website, I give an example of a couple that earns $120,000 per year, has $1 Million dollars in savings, and according to the retirement industry, still can’t retire. If the couple in the example, switches from consumption to conservation, they can ignore the retirement industry and easily retire early. In fact, if they have a million dollars, they can retire at 28 years of age, 35 years of age, anytime they wish.

Better than that, if they have only $500,000, they can retire at any age they want. That is the beauty of conservation as a retirement method. It enables you to acheive early retirement, much sooner and with less savings necessary,  than traditional retirement plans.

I encourage you to visit the Retirement Website.

What are your retirement goals? I’m not talking about money or dates. When you can retire, and with how much money, are important goals to set, for retirement planning.

But what goals do you have for retirement? The things that will keep you motivated, and that will make the sacrifices necessary to achieve early retirement, a joy to bear?

Maybe take-up or expand a current hobby? Learn a new language? Travel the world? Figure out how to use your food processor? Whatever they are, goals for retirement can be very useful, in helping you achieve an early retirement. Why?

First of all,  it can take away the fear of retirement, the “what the hell am I going to do with my life once I retire?” question is answered.

And secondly, having retirement goals can keep you motivated to achieve early retirement. If you want to retire early, you’re going to have make sacrifices, saving means not spending. So, when you give up the morning run to the overpriced coffee store, you can say to yourself “Giving up that cup of coffee, just brought my retirement date, one day closer!” and smile.

Today is my birthday, and so I’d like to share with you, what are my retirement goals.

My goals for retirement are, to have a nice little cabin, with a hammock and a surfboard, on a tropical beach and to go surfing everyday. That’s it. Nothing more. You go travel the world, teach poor kids to learn English, write a book, climb mt. whatever, re-furbish corvettes, I’ll be surfing.

What are your retirement goals?