I didn’t win the lottery or sell a start-up, and I’m definitely no genius.
What I did do was retire the unconventional way, and the truth is that you can do the same.
Growing up, I only knew of one way to retire: you work hard for a long time, save up and eventually in the 2nd half of life, you can (potentially) retire.
Unfortunately, that way takes a long time and I’ve never had a lot of patience.
The good news, however, is that I learned that you actually don’t have to wait. There are numerous ways that you can retire, all of which are much quicker than the traditional route.
Robert Kiyosaki of Rich Dad, Poor Dad defines wealth in terms of time. I also define retirement in the same way. If you have enough wealth (as in, time), then you can retire.
Wealth is a number of days forward that you can survive without working. Wealth is measured in time, not dollars. – Robert Kiyosaki
The trick is… well, I won’t give it away just yet. Here are the 4 ways to retire:
1. Have a Lot of Money
The most common way to retire is of course by building up a large fund. It doesn’t matter how you get your money; all that matters is that you think you have enough that you never need to work again.
Most people go the traditional route: saving and building wealth slowly, and then eventually they retire hoping that their money will last them for the rest of their life.
In order to speed up the process of building your wealth, you have to master this formula.
The Wealth Equation: make more money than you spend and invest the difference wisely.