You wake up one Monday morning with the sun streaming through the window of his bedroom and a cup of tea beside her bed. You glance at his watch. It's almost half past eight, but the alarm has not gone away. You have a moment of panic. Why not wake anyone right? You are about to jump out of bed, then relax, unwind and breathe a sigh of relief when suddenly remembered that this morning there is no need to rush. You're not going to work today. You're on vacation. In fact, you do not have to go to work ever again unless you decide it is the start of his big party – the party that will last the rest of his life – retirement!
While sitting in bed drinking tea and thinking about all the things you can do now that you've finally stopped working. This afternoon I managed to play a round of golf with three of his friends. Then, instead of a few days you and your other half are outside the world on a luxury cruise. It is a trip you've been promising yourself for years but never could find the time to take many weeks off work.
You wanted to run his business, even though it was hard work. However, it is very glad you were able to achieve financial independence now, giving you the option to stop work while you are still young enough to enjoy life and able to do all the things we want to do. You have to get out of bed and go to the window to admire once again the beautiful, shiny new car you just bought a portion of their tax-free cash from your paycheck, and welcome the good that is when a plan Finally, he meets!
Is this what retirement will be for you? Have you planned carefully and that review of their retirement plans on a regular basis? Many people spend more time planning their next two weeks off they planning their retirement – the longest holiday of your life.
Imagine running out of money part way through your holiday. How serious is it? Think how much worse would be if it happened for the longest vacation of a lifetime. What can you do?
When you are planning a holiday that has the budget not only for the cost of fares, accommodation and food, you also need a budget to spend money if you're really going to enjoy. It is necessary to spend big money on your vacation too. How sad that would be the time to do all the things you do not have time for now, but will not be able to afford them. Only when you are in a position of financial independence can really enjoy your holiday GRANDE.
So the plan for financial freedom to enjoy your great party you need to decide:
- Where is my big party is going to start?
- How much money do I need?
- How much can I realistically afford to save each month?
You probably know the saying, "failure to plan is planning to fail!" If you have not already done so, consult a financial advisor and start planning now to make sure you have enough money to really enjoy a great holiday life – retirement.
