Some of my most successful young clients (in their 20's, 30's and 40's) have the financial capacity to retire now. Commonly, these clients have started extremely successful businesses and have sold them or they have inherited significant wealth.
Whilst this scenario sounds like a dream (and of course it provides significant financial freedom), it does however create a conundrum - what do I do with all my extra time? Too much idle time is often disadvantageous, especially because most of your peers and family are busy during the week with work, school etc.
Being able to afford to retire early does not mean living without purpose. It is crucial that if you choose not to work, you continue to live with purpose.
Many clients I see who can afford to retire early still continue working because it provides them with purpose, motivation and community.
The best part about being able to financially afford to retire is that you can pick and choose the type of work that you do and don't do. This level of autonomy is fantastic for your overall wellbeing.
As an example, many clients who have sold successful businesses no longer wish to work in the day to day operations of a business however they still want to use their business acumen by sitting on company boards, angel investing or mentoring others.
If this sounds like you, we can help you define what is important in your life and brings you value and then build a Financial Plan around how to spend more of your time doing those things!
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