With jobs being highly stressful, 996 type of work, travel times to work getting longer, in ability to adapt to changing technology, deteriorating health, competing with younger generation, it is no surprise that people want to leave their jobs for a slow-paced life. They also believe that they are earning well to do so. But is that enough to retire?
While majority of the people want to leave a full-time job much before their retirement age, they are not prepared for it, simply because they don’t have an actual plan in place for it.
First step is to check Retirement Readiness take all possible scenarios into account and see if you have enough money. Do you have at least 30% more, apart from amounts required for monthly expenses and other goals that you have commitments towards? If so, you can still lead the same lifestyle and do not need to worry about the monthly salary credit to your account. Remember, your investments are generating returns and you may not get the returns as monthly credits, but they are there for you. Focus on passive income and think of this as your monthly credit.
If you are interested to know your current status for early retirement and get a detailed investment plan , do get in touch with us.