Wanted to share a post from MyMoneyBlog today that I found very inspirational. One of Jonathan’s subscribers shared their early retirement story. I’m going to briefly run through it here, but definitely check out the original post for details of his story. He’s also responding to reader comments!
Basically it was his subscriber, Bob, sharing his plan to retire at the age of 40. He started planning for early retirement at 30 and would be retiring next year just as planned! He’s expecting to receive a monthly income of $6500 from his portfolio investments and peer to peer lending through LendingClub. I think a monthly income of $6500 is even more than Robert Kiyosaki’s $80k/year income. Granted Bob does have a large amount of money that he saved aside and invested, it is quite motivating (at least to me) that early retirement is possible and not just a fairytale happily after story from bestseller authors.
I’m not looking to ensure a $6500 monthly income after retirement, but I think this post was a good reminder for me to think about where I am and where I want to be. And most importantly to start creating a plan to get to where I want to be.
Anybody have a early retirement plan set out already? How far are you into your goal?