- Personal Finance
My Top 20 Reasons Why I Want to Retire Early
Why I Want to Retire Early
I’m still in my mid 30’s, still decades away from the official retirement age. I’m working all the time, even at night and during week-end and I thought I’ll be doing the same things for another 30 years. Then it hit me. Who says I have to wait that long before I can finally drop what I’m doing and retire? Honestly speaking, there are really times when I just want to drop what I do for a living and go on to official retirement. And who doesn’t? I’m sure there are a lot of people out there who are wishing the same thing as I do. Sadly though, instead of retiring early, what is happening right now is that a lot of people (by choice or not by choice) are retiring late in their lives or are not retiring at all.
My Other Hubs
- Why I Love Reading Romance Novels
I started reading romance novels ever since I was 11 years old (or was it 10 years old?). Actually, I didn’t start with “romance” novels; I started out with those detective-type novels like the Hardy...
- 5 Things I Learned About Retirement
For the past two years, I have read more about personal finance than I've ever read my whole life. Before that, I've been too busy in my career that I didn't have time to sit down and read about other things...
- 10 Reasons for Going into Estate Planning
Nowadays, people are becoming more and more aware of estate planning. True, the rich and famous have known about (and have applied) this concept for a very long time. But even those who are not rich and who...
My goal is for me to retire before I reach 50 years of age. Now how do I get there is another topic worth another hub. But for now, here are the top 20 reasons why I want to retire at an early age:
- No waking up early in the morning just to get to work on time. I can go to sleep late and wake up any time I want.
- No more long commutes to and from my clients’ offices.
- Taking all my time in the morning to do my morning rituals. Drinking coffee, walking my dogs, eating breakfast – all these I can do at my own leisure.
- No annoying phone calls from people I do not want to talk to during the day. Hey, it happens. There are really days when I feel anti-social and when I get to retire early, I can be anti-social any day I like.
- Go to places on my own or with my hubby without the need to check in once in a while on what is happening in my office.
- No deadlines, no reports, no tax filings (I’m an accountant, remember?) and no rushing to finish the jobs and reports on time.
- No more overtime hours (hurray!).
- No more arguing with my clients and the tax people (What do we argue about? Can’t tell, it’s confidential).
- No more boring meetings or attending seminars that make me go to sleep in the middle of the event.
- No more worrying whether I collect enough from my clients to pay off my people’s salaries, the office rent, the office utilities, supplies, etc.
- I get to read the day’s newspaper from cover to cover.
- 10 Ways to Earn Passive Income
What is Passive Income? Passive income is basically what you earn even without actively participating in the earning process. Based on a local financial guru in my country, passive income is the income that we...
- Online Writing Sites...For Filipinos
I've been writing online for the past 8 months and there are basically three things I have learned. One, that it is very much possible to earn from online writing. Two, unfortunately, some writing sites did...
- The Pros and Cons of Retiring in the Philippines
In the last few years or so, I have noticed more and more foreigners coming to my country and choosing to retire here. In fact, some of the programs of our current government are geared towards enticing our...
- What if...(Part III) 10 Places I Want to Visit Before I Die
It's free to dream. That's why in my 3rd hub for the Hubchallenge and my 20th hub all in all, I decided to feature the 10 places that I would really like to visit before I die. Nope, I am not dying (plan to...
- Switching Roles In Your Marriage
I'm a career woman. I can never imagine living my life as a stay-at-home wife or mom. That said, I have a stay-at-home husband. It wasn’t intentional. He was actually thinking of working overseas when...
- I get to read more books, magazines, online articles, etc.
- I have more time to do my hobby - cross-stitching.
- I can study the investment instruments such as stocks, mutual funds, trust funds, etc. (assuming I have the money to invest in these, of course).
- I have more time to learn about SEO writing, keywords and how to earn more on Adsense, Amazon and eBay. I can also take the time to learn Web Programming and Affiliate Marketing. Although by the time I reach 50, I’m sure there are other new ways to earn online.
- I can focus more on creating and building up my passive income.
- I have more time to go online and just surf the Internet.
- I can have more time for my husband and my kids (if I ever have any of those). Right now, I don’t have any, so by the time I reach 50, they will still be like teen-agers.
- I can focus on writing on Hubpages, reading more hubs, writing more comments and participating more on the forums.
- I can afford to do nothing and just relax the whole day.
These are my top 20 reasons for wanting to retire at an earlier age than the usual 60 – 65 retirement years. I guess the bottom line is I just want to enjoy my life as I get older and older. Getting there maybe tough but having the determination to do so, I don’t doubt that I can reach my target age of retirement. What about you, when do you plan to retire? Or do you plan to retire at all?