How would you plan to retire young?

Posted by Dolores
Sam asked:


How would you plan it out if your where to retire young?
What would be your retirement strategy?
Say in 1 to 5 years?

Kansieo.com
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This entry was posted on Sunday, September 27th, 2009 at 3:28 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

« Mum never work in America, which health insurance is she qualified to get?
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8 Responses to “How would you plan to retire young?”

  1. swbl89 Says:
    September 27th, 2009 at 11:17 pm

    Website content

    Invent something that changes the world.

    Good luck…

  2. thebigachiever Says:
    September 30th, 2009 at 8:44 pm

    Caffeinated Content

    I’m actually on the road already. I’m building my home business to a level where it replaces my current income as well as it would be in exactly the position I want it to be in about 15 months. I’ve charted the course and am executing CONSISTENTLY. When I retire I’ll still be following my passion and charging a fee for it but it would be mostly for the love of it. The rest of business will sustain me.
    It’s the concept of residual income.

  3. Ariadne on TAURUS Says:
    October 3rd, 2009 at 8:03 am

    Website content

    Become a desperate housewife who lives on a rich man`s salary!

  4. wendy_da_goodlil_witch Says:
    October 4th, 2009 at 10:14 pm

    Create a video blog

    get a fairly well paying job with good benefits and invest as much money as I could wisely. live within my means.

  5. chaseunchase Says:
    October 6th, 2009 at 2:36 pm

    retiring

    Keep maxing out your retirement plans, of course. Also keep spending to a minimum, and stick tons of money into savings.

  6. igoh900 Says:
    October 8th, 2009 at 5:12 am

    Kansieo.com

    I wouldn’t be able to stop working. I would get so bored. That is, unless I had a go-cart track, pool, music studio, and a sports center for the ages.

  7. Giggly Giraffe Says:
    October 11th, 2009 at 3:52 pm

    Website content

    It is good to save for retirment in vehicals like IRA’s, 403(b)’s, 401(K)’s. However, these vehicals DO NOT let you spend $$$ efficiently until you’re 60.

    So the best strategy is to save 5% in retirment vehicals, and save 15% in non-retirement vehicals (Individual, JTWROS, UGMA’s, Trust Accounts). Of this 15% … 5% should be swept into a savings/checking account … the remaining 10% should be swept into mutual funds, and stocks.

    Make sure you’ve got BASIC (low cost) insurance for car’s, house, and umbrella insurance is cheep. Worry about more insurance when your net worth reaches $150,000.00 (house equity + valuables + non-retirment $$).

    Each time you get a raise, put 60% of that raise towards more savings.

  8. The Outcast Says:
    October 14th, 2009 at 6:28 am

    Kansieo.com

    In 1 to 5 years. Buy many, many lottery tickets. Otherwise, plan on working hard for a lot longer than 1 to 5 years.