this article is a must read for todays young professinals like me. I want to retire early. Even my colleagues and friends want to retire early. But none of us has any plans on that so far.
I have forwarded this article to all and we all will be really making out a plan and work towards achieving that plan. This article is a starting point. Today is going to be the first day for the rest of our life.
This is a fool proof guide to retire early. A sureshore way to plan our retirement. Only very rarely these kind of articles get published in rediff. I request rediff to publish this kind of useful articles regularly. So that the readers like me will be interested to visit rediff.
Re: Fool proof guide
by rajan menon on Oct 27, 2010 05:45 PM
From personal experience I can say that one can retire early and pursue one's hobbies or interests.However cater for all contingencies by actually writing it out.
The article simple steps to retire young and wealthy is idiotic and suggested good steps for future planning. But money is not only criteria of living/pleading good life.The main role to remain young is good health which can be possesed by good living habits. The planning of working age is not a matured idea. Those who works hard e.g more than 18 hrs. daily have crossed the age of nintees with their good living habits such as Yoga,vegetarian food with formula of early to bed early to rise in their daily life. The working capacity of man does not depriciate/dimnish with hard work.The only thing that down/reflect the age factor is stress on mind. We should learn the way to work stress free. It will help us to increase our working age and we will be able to work to the age of sixty or more without losing our health. The present work load can not be made fully responsible, we should not think in advance that we will not be able to work to a certain desired age. Always work joyfully with positive thinking,every thing will be in your hands as per your desire.
Re: Simple steps to be young
by sridevi on Oct 19, 2010 03:50 PM
What is your messge. We should not focus on wealth; we should focus on health. Even to maintain health, we need wealth.
Let us be practical. In todays pressureful work culture, you cant work after 50. We need to retire at some point of time. We need to plan for retirement in advance.
As u said predicting life expectancy is difficult. But we need to assume based on the criterias given by the author. Still than you cant predict perfectly. But you will be able to plan based on ur assumption. If you are not assuming the u r not planning. If u r not planning, then u will be on crossroads when u retire. It is better to be making wrong assumptions than retiring on crossroads. Think.