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tips for early wealth retirement

10 Practical Tips for Early and Wealthy Retirement

by Holistic Leave a Comment | Filed Under: Retirement Planning

Do you dream to say Sayonara to your daily 9-to-5 schedule?

Do you dream to see the world before you actually turn 60?

How do you plan to fulfil such a beautiful dream of your life?

How do you interpret to see yourself retiring being financially successful?

Well, these questions are not as complex as they may seem. In theory, it is actually based on three very simple and easy-to-understand principles.

These include: the amount of money invested, its growth rate and the amount of time required for its growth. After considering these good things, now comes the time for some reality check.

Have you ever wondered why very few people actually succeed in building enough wealth for their early retirement?

The reason is a lot more rationality involved, than the above stated theory. Rather than understanding and following the simple principles mentioned above, it is all about taking effective and result-orienting actions. Therefore, the challenging part is not just knowledge, but applying the same into obtaining serious results.

The key to early retirement planning, via smart wealth building is not only about learning, but about living by the tips mentioned below:

1. A plan

Are you actually building a plan, and taking the necessary action to accomplish your desired goals? If not, begin now for a 10-fold improvement for a life- changing difference worth applying. The formula for financial success will work, only if you have a plan of action.

A plan that goes from alpha to omega in early retirement.

A plan that will leave no stones unturned.

Fortunately, we have a guide that you can use to plan your early retirement in India.

Read “How to Plan For Your Early Retirement In India?”

It is a plan that considers all the possible setbacks you might face since early retirement in India is still a new concept.

Like any other customised retirement plan it covers all the bases. Starting from finding out your retirement expenses to calculating the retirement corpus amount to feed the long retirement life.

And finally, it also guides you through areas where you can improvise money strategies to reach your early retirement in India as planned.

You may also make use of our early retirement calculator: Download here!

2. Lifestyle

Most people choose to look wealthier than being one. They tend to pick a rich lifestyle over achieving financial freedom. Rather than accumulating assets, they actually spend.

How can you even afford to become rich in such a situation?

Our lifestyle, through our subconscious mind affects our money decisions to a much greater extent than we think. But it is not a dead-end.

You can work your way around to make the right financial decision every single time to accumulate your early retirement corpus in time.

Read: “6 Powerful Points to Make The Right Financial & Investment Decision Every Time”

Make use of these 6 point to make the best financial decisions real quick.

3. Investment

Do you know what influences how much you earn?

A golden rule says ‘Learn before you can actually earn’.

Always remember that acquiring good amount of knowledge will always be a profitable asset for your bright financial future.

Whether you are a beginner or a seasoned investor, the mantra to disciplined investing is just three things:

  • Systematic Investment Plan (SIP): For your regular savings-investment from your salary.
  • Systematic Transfer Plan (STP): For any Lumpsum amount you get in a short time.
  • Systematic Withdrawal Plan (SWP): To transfer your retirement corpus to a low risk investment instrument as you near your planned early retirement. It can also be used to get your regular post-retirement income.

Read more about this in detail here: “How To Build Your Retirement Corpus Using Mutual Funds?”

4. Early Start

Procrastination, or delay, is like a wealth suicide on your investment plan, where an opportunity is buried.

Should you let this suspension demon prevent you from retiring early?

The saying is “Rome was not built in a day”.

But if Caesar had said “We’ll start to build Rome tomorrow” every day, there would never have been a Rome. Lay the first foundation stone today and now!

Retirement is a big goal, early retirement is the biggest there is in an individual’s life.The earlier you start, the easier will be the process to gain traction. Start today and now.

5. Automation

Some simple ways to automatically heading towards building wealth include: own your own house, renting property, invest in automatic saving &retirement plans, and gain as much investment knowledge as possible via attending clubs or reading the latest newsletters. Do you choose to develop your financial intelligence as an automatic habit, or let the opportunity slip away?

6. Be Responsible

Organize your life in a way that wealth accumulation becomes a habit, rather than a process.

And who else, other than you, is responsible for doing so?

Get into the commanding position of your personal finance and stay there. To achieve true financial success, the bottom line is a strong decision-making, for which only you are responsible and only you hold its results.

7. Commit Towards Success

Retirement, as stated before, is a very long and big financial goal. If you are going to do it dive in head first.

Design your retirement plan in a way that is consistent with the time and resources required for success. Moreover, be willing for committing those resources to the process.It will literally payback what you pay it today, but it many fold.

8. Risk Management

It is necessary to practice defensive investing via effective risk management. Risk Management principles apply equally both to personal as well as portfolio finances.

How do plan to manage both of these risks efficiently?

9. Apply Common Sense

Does your retirement plan investing, pass the business common sense test?

The price paid for any investment must make sense economically and consistently with the earning capacity of the corresponding business you invest in.

10. Get a Life

Money is not life, but just a lubricator to it. What do you do of the wealth, without a good health? Therefore, invest quality time in enhancing your health, relationships, and thus your life. Money being just the means, one should actually find the real tools of a fulfilling retirement.

There is a lot more to achieving financial success, apart from just identifying the important principles. As you have now learnt most or all of the ‘early retirement’ principles, the question arises on whether you are actually living upon them? If you are at the beginning of the career or middle of the career, you need to have well drafted financial plan to achieve your financial goals including your retirement.

If you are someone who’s not afraid to commit 100% to financial success, why not make use of our FREE 30-Minute consultation by clicking “Register Now” below?

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Jey S
Jey S
24. September, 2021.
I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
Lionel Faber
Lionel Faber
16. September, 2021.
I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
Sridhar
Sridhar
8. September, 2021.
Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
Nitesh Agrawal
Nitesh Agrawal
6. September, 2021.
I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
Swetha Vasanth
6. September, 2021.
This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews.

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