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Early Retirement - How Early is Early?
Early retirement means different things to different people.
By Don Seibert
Category: Self-Help
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Early retirement means different things to different people. In fact, the word “retirement may even have differing meanings depending on your age. Prior to the 1930’s, there really was no such thing as ‘retirement’. Work was just a normal part of the day and people worked and worked and then, later in their years, would simply reduce the amount or strenuousness of their work as it become difficult for them. Ever since the Social Security system was put into place in the 1930’s, we have been conditioned by our culture and our government to consider ‘retirement’ much differently. We expect to work and save, work and save, and work and save, until we reach the magical age of 65 or 66 years old, when the government will begin paying you back on the Social Security funds that you paid into it all those years. Because of that, most people don’t think of retirement as something that’s even possible before that age. Why not consider this whole ‘retirement’ thing differently? What if we thought of retirement as ‘not having to go to work each day’? Additionally, what if retirement meant no more commuting, office politics, corporate hierarchy, outsourcing, downsizing, layoffs, RIFs or any other of those wonderful things normally associated with out career? What would be wrong with a lifestyle in which you are still productive and earning income but are free to come and go as you wish, travel as you wish, work when you wish? Well, all of that is entirely possible practically regardless of your age! I call that a “Freedom Retirement” or a “Freetirement”. You are free from all of the negative things about your career will still retaining the ability to earn a good income. To me, that is what early retirement is all about!
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