For many people, they have the goal of early retirement. They are tired of the daily grind at work, and tired of their jobs. They don’t like working 40+ hours every week, and they see early retirement as a permanent vacation. While not everything about early retirement is perfect, there are many benefits to it.
For one, it allows you to better chase and develop your passions. While you are working a full-time job, there is not a lot of free time to pursue these types of things, especially if you have a family as well. The majority of your time will be spoken for, and you might feel too tired to do much with that time that you do have free. When you retire, suddenly you have hours and hours of free time. All the time you would have spent at work, or commuting, is now free for you. If you have always had passions or hobbies that you never felt like you really had time to develop, retirement is a great place for that.
It could also allow you to pursue those passions when it comes to business. Many people have some type of career that they wish they were doing, but they feel like they can’t really take the risk to pursue it while they have a steady job. In retirement, you have the time and ability to pursue it. If it fails, it is not as big of a deal, because you will (hopefully) not be depending on it for a livelihood. If it succeeds, than that is even better.
The most important benefit of early retirement is that it allows you to spend more time doing things that are most important to you, and spending time with the people that are most important to you. You will get to attend all of your kids sporting events and musical events, you will be able to get to every parent-teacher conference, and you will get to go on those trips you always dreamed of taking with your spouse. Instead of being bogged down with things at work, you will have that time available to you to spend with those people that are most important to you, and that is what really makes life great.
There are many benefits to early retirement, most important that it will allow you to spend time with your family and time doing the things that are most important to you. It will also allow you to pursue your passions as you desire. Though there are a lot of sacrifices involved in early retirement, it can definitely be worth it.