There are many people who do not know what they will do in retirement. If you are serious about reaching financial independence and retire early, you should already know what you would do in retirement. You will have a lot of time on your hands.
I already know that there are a lot of things I would do more once I retired. There are a few things I really wish I had more time to do. It is my hope that in retirement, I will be able to do more of these things.
In this post, I am going to describe the changes for me in retirement. As you will see, there are a lot of things I would like to do more in my life. I am also going to describe how I am going to organize my days. Of course, this is only a thought experiment. I am far from retirement. A lot of changes will occur in the meantime. But it is still a nice thought experiment.
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I recently wrote about whether you should spend less or grow your income. The answer was that ideally you should do both to reach Financial Independence (FI) faster. In this post, I am going to focus on growing your career income. There are other ways to grow your overall income such as side hustles or real estate investment. But I am not going to cover them in this post. I am also not going to talk about starting your own company. I will only cover your main career income in this post.
There are several ways to grow your main income. Some of them are easier than others. And some of them are best applied to some field but may not work on some fields. There are no simple get-rich-quick ways to increase your income. It will take time and commitment. But if you are really committed to increase your income, you will get a better salary.
In the next sections, I am going to talk about increasing your salary. However, you may also try to get new advantages. Getting Restricted Stock Units (RSUs) from your company is very good. If you can participate in an Employee Stock Purchase Plan (ESPP), you will also get some very interesting extra income. You could get your company to participate in your fees for commuting or your health insurance fees. Or you could get a better pension plan. There are many other things that you could get. You need to look at the bigger picture!
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nIt has been a while since I have done a book review on that blog. In fact, it has been a long time since I have read a personal finance book or an investing book. But two weeks ago I saw that Think and Grow Rich, from Napoleon Hill, was at only 0.58$ on Amazon for Kindle. You can read my tips about finding cheap Kindle ebooks. I often saw it mentioned in best of lists on several blogs. So I thought it was a good bargain. So I bought it and read it and here is my review :)
This book is about self-improvement and personal development. It is a very old book. It was written in 1937 by Napoleon Hill. Interestingly, it was written just after the great depression. It is based on the secret recipe for success by Andrew Carnegie. All this book is based on explaining this secret recipe through a series of steps.
As you will discover, Think and Grow Rich is a very special book. It is very different from most of the books I usually read. It can teach you a lot of things, but you may have to figure out many things yourself.
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