Nine ways to retire early and achieve financial freedom

Wouldn’t it be nice if you could quit your job and not have to worry about paying your bills?

Even if you enjoy what you do, I think it’s fair to say that having the option to quit whenever you want while maintaining the same standard of living would be awesome.

But how?

I have come up with a list of nine ways.

  1. Earn more

There are multiple ways you can earn more money. For instance:

  • Work more hours. If people usually work 40 hours a week, you could try working 60 instead. However, there are only 24 hours in a day. There will be a limit on how much you can trade your time for money.
  • Have a high income skill. To be worth more in the workforce, you need to become a person that is harder to replace. It would be in your best interest to develop skills that make you more valuable. Ex. If you’re the only person that can fix X, then you will be compensated more. But if you were selling popcorn, they can easily hire someone else to do your job. (No offense to those selling popcorn)
  • Side hustle. This could be a business, being a social media influencer, your own personal project, and etc. Basically, it’s something that earns you additional income from your current job.
  1. Lower your costs

You can lower your costs by:

  • Finding a roommate/significant other to split the cost. Having two incomes to pay for expenses make it easier.
  • Moving to somewhere cheaper. If you are able to work online, perhaps you can move to another country where the cost of living is lower and your currency is worth more.
  • Spend less. Buy fewer things, eat less, and go out less.
  1. Use patreon/onlyfans and sell your own merchandise

This is tough. There are A LOT of content creators. Even if people watch you or consume your content, it doesn’t mean they will give you money or buy your merch. In fact, based on my own personal experience, only one in a hundred would donate/give monetary support.

However, this is a very good way to scale. You’re no longer trading time for money. For example, perhaps you spend 2 hours creating content for a tier, but you can have unlimited subscribers for that tier. This means, there is no cap on how much you can earn. Regardless if 100 or 1000 people subscribe to it, you only spent 2 hours.

Note: It is EXTREMELY difficult to get loyal followers who would pay for content. There’s also no guarantee how long they will support you for. Continue reading “Nine ways to retire early and achieve financial freedom”

Things to consider when investing

Investing

Last week, I shared some conversation tips with my readers. This week, I would like to share some investment tips. Originally, I wasn’t planning to blog about this today. However, the recent stock market turmoil has pushed me to do so.

The issue with the stock market is that people are too greedy and self absorbed. They think they can time the market. They believe they can make quick money.They know risk is involved, but it doesn’t occur to them that they could lose everything.

In my opinion, the stock market will go up in the long run. There will always be ups and downs, but generally, if you are investing for long term, you’ll be fine. HOWEVER, if you’re looking to make a lot of money in a short amount of time, it is very VERY risky.

Continue reading “Things to consider when investing”