Wednesday, March 23, 2011

Early Retirement – When, How, and Where to Enjoy Your Early Retirement.

In my travels I ask the question to the fifty something age group; “If you could do anything you wanted to do everyday, what would you do?” The answers vary but they all are similar in nature. Wake up and go to the gym, meet my friends for breakfast and go golfing, tennis or something. Chill out in the afternoons with my favorite lady or guy. And learn something that they always wanted to learn. So why don’t they live this way now?
If I ask the “why” question, I get my head bit off chewed and spit out. “Why?” they say. “I can’t stop working because I need the income to survive”.

So what would happen if they cashed out and quit their job? Would their lives be what they described? More than likely it would be more like 50% more TV time and 10% more sleeping time. The truth is that it isn’t their job keeping them from living their early retirement dreams. It’s them. Once they take their early retirement they must face the fact that they had fallen into a comfortable routine. To make changes in their lives it takes dedication, discipline, perseverance and organization.

See working people feel that it is the work keeping them from their pursuit of their dreams. There is a saying that before enlightenment you chop wood and carry water. After enlightenment you still chop wood and carry water. What I mean by that is that as long as the bills still come in and all the other responsibilities stay the same then life still feels like the same hamster wheel. Sure, you don’t get up and run off to work everyday but that just gives you more time to focus on all the things that need to change to create that dream. And as we all know. Change is difficult. The highlight of the week is when the Publishers Clearing House letter comes or checking the lottery numbers to see if you won.

So what if you jumped of the hamster wheel and made the big leap into your dreams head on? If you took an early retirement and calculated the value of all your assets and cashed out, how long could you last? Well, if all the kids are grown up and on their own then you only need to support yourself and maybe your spouse. For most the expenses would out weigh their monthly retirement budget. That is if you retired early and stayed in the USA. But what if you were flexible enough to consider a move?

See, the great thing about early retirement is that you are still young enough to go explore the world and now you have the time. If you set out to explore the possibilities of living a fulfilled and relaxing life on a fraction of what it costs back home, you will be amazed.  Take for instance Southeast Asia.

Southeast Asia consists of Thailand, Cambodia, Laos and a few other countries. Did you know you can rent a house for $200 a month? Or buy a brand new 2 story 3 bedroom house for $35,000? How about food? You can eat delicious meals for $1.50 a piece. Imagine at these prices how far your retirement budget would take you. For once at the end of the month there would still be money left. And now everything from satellite TV and 3G internet has arrived in these countries.

If you move abroad after you take your retirement you certainly wouldn’t be alone. According to UN statistics, more than 200 million people will be living outside of their home country in 2010. And as things back home worsen with loss of jobs and inflation there might be a mass exodus to where you can live a champagne life on a beer budget.

So maybe it’s time to consider waking up, exercising and meeting your expat friends for breakfast. Then off to the golf course (which is affordable too!) and back to relax in the afternoon before your language lessons. A dream? Yes. But one that can be realized a lot easier than you think. So first just go on a vacation and check it out or go online. RetireCheap.Asia focuses on showing options for early retirement. So what are you waiting for? Go check out the videos of ALL your retirement options whether you are old or young at http://retirecheap.asia

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