Wouldn’t it be nice to retire early? It might seem like a pipe dream to many, but if you run your personal finances like a business, you’ll probably be more successful at retiring early.
Photo by All in One Training.
Early Retirement Extreme offers this advice:
The key to success is to run your personal finances much like a business, thinking about assets and inventory and focusing on efficiency and value for money. Not just any business but a business that’s flexible, agile, and adaptable. Conversely most consumers run their personal finances like an inflexible money-losing anti-business always in danger on losing their jobs to the next wave of downsizing.
Successful businesses manage money with growth and efficiency in mind, while unsuccessful businesses (and many individuals) focus mostly on just short-term needs.
Whether you want to retire early or not, thinking of your household finances like a business could get you to financial i ndependence sooner.
Three requirements to retire early [Early Retirement Extreme]