What are the 7 money habits that helped someone retire at 50 and how can they also benefit you? Learn about financial independence, investing, side hustles, and more in this insightful and practical guide. #financialindependence #retireearly #personalfinance #investingtips #sidehustles
Point no 6 is where I’ve seen soooo many people fail
What was your initial business?
Hi. Could you please tell more about this “One side hustle turned into a business that earned me a total of over $500,000. That’s the power of side hustles.” if it is not a secret?
This stinks of boomer. Try starting this again from today and you’ll fail. We’re basically at a point where it’s not possible to retire before death without considerable luck or a massive sea change in the economy and social systems.
The only way to be successful is take huge risks and run a company at scale. The days of working a day job squirrelling away are done. Way way gone.
How did you end up funding your side hustles and investing into property and index funds (or how did you manage that risk)? I mean did you not think to invest more into the side hustle if it started to gain traction as this has the ability to go up multiples?
Personally I never want to retire. But I love my business and what I do for it. If you love what you do, you never work a day in your life. I’m sorry for those that don’t have the passion to thrive in your business.
You don’t say here how much you have or what your lifestyle is like.
I kind of want to drive my Ferrari, not move to Bangkok to live.
The financial advice side should really be separate from the lifestyle side. Financial advice is there to help you reach your goals, whatever they may be. Most people don’t wanna move to Bangkok so they can retire early.
This is why I think it’s more important to focus on making more money than saving your penniesÂ
Sorry but to work until you’re 50 (clearly not enjoying it, otherwise you wouldn’t set a goal around eliminating work from your life) and then move to a 3rd world country to make your money go further is just lame
Also to be able to do this, you’re basically telling use you’re single and have no kids
Like, most 50 year old guys retiring to Bangkok are there for a very specific reason
Guess day drinking Chang all day and “traveling” is fulfilling to some people Â
may i know your small side hustle? can i work for you
How did you get PR in Bangkok?
I always wonder why people limit them self of experience and “retire” with 50… what does retire mean at this point? You stop working? Fine bat what are you doing instead? What give you purpose to get out of bed… would this be better to love what you are doing and enjoy your life as long you have energy,
Most of stories a read, is more like dont go out, don’t order food, don’t buy fancy shit. Nice… the retire and… continue not doing all that stuff. For what? Not to go to work? I am in a happy position, I love what I am doing, would it be great to have free time, yes, do I take the time to spend with my family, yes. Do I consume stuff I could avoid, yes. But at the end I love what I am doing and even when I was jobless for 3 month, I used to sit a computer and did some private stuff but with the same intensity.