This blog 'Notes on How to Retire @ 40' was just conceived two minutes ago.
Lately I have been mulling about my life. Let's be realist and I have accepted that fact.. I'll not live long enough to enjoy the life at 60, an ideal age of retirement.
Why I have such dim outlook?
I know my lifestyle and if this will continue for another decade, I'll be lucky to reach the age of 60. I have been working for the past ten years of my life and it is working for survival.
I work 10 hours a day and six days a week to cover my basic needs. Though I have been blessed with a job and decent salary, my financial illiteracy and wastrel lifestyle led me to a spiraling debt.
I found my journey to financial literacy lately only after my brother gave me a book about personal financial security. Quite late as I have squandered already my 10 years income to nothing and now I am buried in debt.
I don't want to be in the same situation when I reach 40 which is 9 years and 8 months from now to be exact.
My goal, and I am determined to do that, is to have enough financial security at 40. I will be working at this age to keep myself busy and not to work for survival.
Though choked with debts, I am very optimistic that I have enough time to reach my goal. My tools to achieve my goal are knowledge and wise investments. And these are the things I want to note down and share with you in this blog. I hope that one way or another it will help you also in your journey to financial freedom.
To give a bird's eye view, I am currently paying two personal loans with a approximate sum of $18,500 and credit card bills of approximately $5,000.
The loans were taken recently so 65% of my monthly pay check goes for loan payments. The remaining amount of my salary will be shared out to my other bills such as credit cards, internet, and other expenses such as transportation, food, telephone, etc.
That is my current wrecked financial health but I know that it is not yet too late. I can still reach my goal - TO WORK AT 40 FOR LEISURE AND NOT FOR SURVIVAL.
Lately I have been mulling about my life. Let's be realist and I have accepted that fact.. I'll not live long enough to enjoy the life at 60, an ideal age of retirement.
Why I have such dim outlook?
I know my lifestyle and if this will continue for another decade, I'll be lucky to reach the age of 60. I have been working for the past ten years of my life and it is working for survival.
I work 10 hours a day and six days a week to cover my basic needs. Though I have been blessed with a job and decent salary, my financial illiteracy and wastrel lifestyle led me to a spiraling debt.
I found my journey to financial literacy lately only after my brother gave me a book about personal financial security. Quite late as I have squandered already my 10 years income to nothing and now I am buried in debt.
I don't want to be in the same situation when I reach 40 which is 9 years and 8 months from now to be exact.
My goal, and I am determined to do that, is to have enough financial security at 40. I will be working at this age to keep myself busy and not to work for survival.
Though choked with debts, I am very optimistic that I have enough time to reach my goal. My tools to achieve my goal are knowledge and wise investments. And these are the things I want to note down and share with you in this blog. I hope that one way or another it will help you also in your journey to financial freedom.
To give a bird's eye view, I am currently paying two personal loans with a approximate sum of $18,500 and credit card bills of approximately $5,000.
The loans were taken recently so 65% of my monthly pay check goes for loan payments. The remaining amount of my salary will be shared out to my other bills such as credit cards, internet, and other expenses such as transportation, food, telephone, etc.
That is my current wrecked financial health but I know that it is not yet too late. I can still reach my goal - TO WORK AT 40 FOR LEISURE AND NOT FOR SURVIVAL.
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