I know of someone who was a successful executive in an MNC. He is also a successful investor who made his millions investing his big yearly bonuses. Even though he could afford it, instead of upgrading from his condo to a bungalow, he remained in his condo till today and invested all his excess bonuses.
He retired in his late 40s whereas his colleagues who spent their bonuses partying, drinking, girls, european holidays and gambling are still slogging like dogs because they can't afford to retire. He chose to be wise with his money and now no longer a slave to any bosses or corporations. His multi million investment portfolio is enough to feed his family well. He still drives his big european car. I aspire to be like him.
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Originally Posted by Unregistered
It is precisely about choice and expectation. The earlier you retire, the less you save, the fewer choices you will have and definitely you have to lower your expectation. Then it is not about not needing much but rather you can't have much.
Another important thing to remember is not to compare yourself with others especially those who have more as this will evoke feelings of jealousy and envy. Retiring with envy will not be a happy retirement.
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