This is my preferred model for retiring and living off the income.
It’s funny because my father-in-law actually retired at 50. I’m 44 so in theory I don’t have much time left to reach that age. People who follow the FIRE movement also have that age as a goal to take the step and leave work to dedicate themselves to those things they really like.
1 What does retirement mean to me?
2 (Passive) income that I am creating today
3 Living and working between two worlds
What does retirement mean to me?
Today I am not afraid of getting older. I am convinced that what you do today decides your physical and mental state when you are 80 years old. I dedicate a lot of time every day to that subject so that I can reach that age (touch wood) in the best possible conditions.
The model of retiring 100% is not very attractive to me. I am lucky that I like my job. I enjoy what I do enormously and even more so if it is updated 2024 mobile phone number data my own business. To stop doing that would be to take away something that brings me happiness. It doesn’t make much sense.
So, for me, retiring only means retiring from consulting projects. It’s something that I actually wanted to leave behind until recently, but I’ve recently changed my mind because of all the (non-financial) benefits it brings me.
I imagine myself at 80 years old going to work every day from Monday to Friday. But maybe not full-time anymore because I’d like to dedicate more time each day to something else that I really enjoy, which is playing sports. So from 7-9 I might be doing that and I’ll “work” until 2pm. I don’t think I’ll need to spend a full day anymore. From then on I’d have time for friends and family. That would be optimal.
(Passive) income that I’m creating today
At 35 years old and with our second child permissible marketing on the way, I suddenly realized that I hadn’t created anything for tomorrow. After reading the book “Rich Dad, Poor Dad” I already had the solution in hand, which was to start buying apartments. The initial experience was not very positive, but rather the opposite. Now nine years later we are on five floors. When I “retire” I would like to have reached the figure of at least ten. Let’s see if it is possible because now prices have risen a lot due to investment coming in from abroad. This for me would be the “safe” pillar.
Then there are my businesses and especially Amazon. Here I would like to have created something that pays the salaries of many people and that in the vietnam data best of cases also generates an income for my wife and me. That is the plan. I am not worried about the short term, as long as in 36 years we can evolve to be in this privileged situation.
Living and working between two worlds
Then we like the idea of living in two worlds: in Germany and Spain to be more specific. Summer in Alicante is beautiful but also very hot. Summer in Germany (with the exception of this one when it never stops raining) can be milder and less intense. Winter in Germany is quite depressing. From October onwards you see more grey sky than anything else. You can spend two weeks where you don’t see the sun. So it can make a lot of sense to travel between both worlds to get the best out of each place.
That said, I’m not worried about getting older because I’ll keep doing what I do today: playing sports, working, spending time with friends and family. Nothing changes except the number of wrinkles on my face and grey hairs on my head (if I’m lucky enough to keep my hair until then).