Four Uncomplicated Money Advice for Dummies Intending To Retire Before 50

You do not need to take graduate studies to understand them

Many people want to retire early.

It means letting go of that 9–5 job and making money on things you like. You could do this even if you were not born into a wealthy family.

There is no need to ask for your inheritance this early or wish to win the lottery. It requires discipline in observing the system. From point A to point B — you need a vehicle to get there.

Most of them are easy to follow; you merely need to stick with the game plan.

Real millionaires care only about things that matter to them.

My friend back in secondary school used to commute and take cheap routes instead of riding a cab. His family is wealthy — but he does not care about driving a Toyota pickup.

While in residency, he sold mobile card loads to his workmates while on hospital duty. He didn’t care if he earned a few dollars a day for it — what mattered was he consolidated the earnings to get something in a rainy day.

He didn’t wear any expensive watches. He has a Rolex — but he sticks with his black smartwatch. He now owns shares in big hospitals. He minded his own business and focused on scaling his income while managing his expenses.

The mastermind group

I notice something usual in wealthy people. They surround themselves with people who think alike — and those who are two to three steps ahead of them.

Being with people who are optimistic with hopes and dreams polarizes you eventually. I recall when I was in college when — I was with my Chinese friends, they talked a lot about many and business.

When I was with my local teenage friends, we would talk about people and other women. It proves to show that people we hang out with — have a strong influence on us.

Milk out opportunities from your day job

Companies offer an employer retirement fund. The vesting period depends on the trust fund.

If there are opportunities to contribute to the fund — take advantage of it to grow your money. It is also a way to force you to save. Usually, employers select a conservative vehicle program and choose a fund manager to handle the fund.

Take advantage as well to be exposed to various departments in your employer to upgrade your skills. As they say, skills are your new currency.

Money is useless without this.

It does not make sense to work your butt off to earn money but end spending it on medicines due to poor health.

I can relate to this when I was reporting to the CFO.

I had a neat title and great benefits with a pharmaceutical company. I was on call when the executive committee had questions about product sales.

In my second year with the company, my health deteriorated. I ended up visiting three to four specialists due to stress.

It doesn’t make sense since what I save goes to reviving my physical and mental health.

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