When you hear the words ‘retiree’ what mental picture comes to mind? Most of us think about someone in their 60’s with a fair bit of grey hair, a sweet pair of glasses and they’re probably carrying their sandals while they walk along the beach. But what is it that defines a retiree – the thing that makes us look forward to the day when we, ourselves are retired? It’s the ability to choose what they do.
Most retirees I know are busy people. Not busy because they have to work, busy because they want to be involved. No one tells them to work, but they often love helping out at schools, clubs, churches and with their families. We don’t look longingly at retirement because we envy having nothing to do, it’s because we envy having the choices they have.
So, why do they have choices that you don’t? Because they’ve created financial independence. They’ve worked and saved and invested until they don’t need to work anymore. They’ve got an income stream from their asset base that lets them choose what they do because they don’t need to work anymore. Retirement isn’t about being old or doing less. It’s about being free and choosing more.
So when should you start thinking about retirement? Today.
Today is the right time for you to realise that one day you won’t have to work anymore. To realise that you get to choose that day by the decisions you make between now and then. Why not plan for retirement at 45? 50? Why not plan for a future better than the government notion of age 65 (or age 70 if you’re born after July 1964). You don’t actually need to stop working then, and you may choose to work until you’re 105, but you’ll be able to live life on your terms.
Today is the day to get financially organised, to get yourself sorted and begin moving in the right direction.
If you want to get started on the journey to financial independence, get in touch. We’d love to help.