This might just be because I’m a full-time money blogger and have found myself in this totally bizarre space on the internet, but I swear it feels like every other day I see another story of a REALLY young person retiring early.
You may or may not have noticed, but I actually haven’t written much about early retirement on M$M.
It’s not that I’m anti-retirement or anything like that, I just honestly haven’t had much interest in it. I’ve very fortunately found myself at a place in life where I REALLY like what I do. I mean…I’d be dumb not to right?
But I do know that it’s a freakishly popular dream for a lot of people my age. Personally, I think it’s due to seeing baby boomers work themselves into the ground and wonder if they’ll ever retire.
I can personally confirm that these are the types of things that big financial institutions (aka banks) are keeping a close eye on to see how it will impact them in the next few decades!
I will admit that I do like to daydream about it a little sometimes, and so far I’ve come up with some things that I think I’d try to pursue in early retirement.
Here are the 7 things I’d do if I decided to retire early:
1. Sail to the Caribbean
This is totally a pipe-dream, because my wife gets sea-sickness really quickly. I was on a kick for a while when I started doing this full-time that I wanted to sail around the world and blog about money from different islands.
We decided to test it out on a friend of a friend’s sailboat, and it went horribly! Coral made it about an hour before the rails fell off haha. Even with that, it’s still something that would be awesome to do eventually.
2. Try out the RV life
There are so many good RV bloggers out there (my personal favorite is Michelle from MakingSenseofCents.com). Basically, these people sell all of their stuff and move into RV’s to travel around the country.
I recently had a guest post from a blogger that moved into an AirStream, and one of my friends from high school just did the same thing too! It’s a surprisingly big trend right now for millennials.
3. Let myself get bored
Sounds weird, right? But I do think that one of the bi-products of living in America is that there is a crazy pressure to just go full-speed all the time. Money money money, work work work.
I think I’d take a month and literally do nothing and just enjoy being alive for a bit. I will tell you that from being a professional blogger, not having the same schedule as everyone else in the world is really weird sometimes though!
You kinda have to get used to going to the store when nobody else is there, going to lunch at empty restaurants, etc.
Not complaining, but there is a bit of an adjustment there. 🙂
Strangely enough, I got the idea for this post when I was at a stop light outside of an elementary school. There were a couple of crossing guards helping the kids get across the street, and for some reason I thought: “Man, that would be cool to help out with something like that.”
Being a crossing guard might get a little boring after about two days, so I’d probably volunteer at an animal rescue or something else along those lines.
5. Start another business
Anyone that’s an entrepreneur knows how addicting it can be. I know that going back to running a business seems like it’s anti-retirement, but there are plenty of people that do it!
Retirement (the way I see it and many of these early retirement types explain it) is when you don’t have to work anymore to survive. Ideally you have your income streams set up passively or a large enough nest egg to last you for the rest of your life.
I’m not 100% sure what my next business would be, but it would definitely be from a laptop like my current one.
6. Teach high school kids about money
That’s really the reason that I started this website! Believe it or not, M$M was never supposed to just be a blog. Because I wasn’t making any money when I quit my job to run this site, I had come up with an idea to travel around to different high schools and do personal finance seminars.
After I had my exit-interview with my former principal, he actually told me that I had a standing offer to try it out at the school I was leaving. I did create some curriculum for the seminar, but never finished.
I started making money with this blog, which put those plans on the back-burner…for now.
7. Write a book
I might actually try to do this while I’m still running this site, but writing a book seems like the ultimate retirement dream for me. Not all bloggers are like this – but I love the writing process.
For me it’s basically a therapeutic-type experience that I look forward to on most days. If I was in early-retirement, it would probably be more of a memoir than a financial or entrepreneurship book.
Decide what you want in life and go do it.
One of the the biggest things I’ve learned from running this site is that so many people don’t do what they actually want to in life. If you have a dream of early retirement, go for it! Just be smart and WAY over-prepare before you do anything.