Post-pandemic, early retirement is at its peak. Several good stories about early retirement are linked to financial independence. But is retirement all about gaining financial independence? How does the retirement period differ for all of us?

Each of us has a unique idea and plan about what early retirement or being financially independent means. Though retirement necessitates financial freedom, other aspects like being physically active, having sound health, and having good social surroundings also cater to a fruitful early retirement. 

In that case, the stories we’ll be sharing today will put a permanent mark on your mind and your soul and inspire you to do something fruitful during your early retirement.

Incredible Early Retirement Stories That Will Motivate And Inspire You

It’s very engaging to witness several people choosing early retirement. But the main reason is financial independence. Most early retirement stories are a stark comparison to the myth that early retirees are simply dull and can only live by eating beans and rice to survive, which is false. 

Early retirement might be a disaster for a full-time worker who hasn’t built other passive income streams. Early retirement is a decision taken based on two main foundational reasons. First, when passive income surpasses active income. 

And second, if the person doesn’t entirely depend on their monthly earnings. These are the two main prerequisites for early retirement. 

There are various sets of reasons as to why someone would have the desire to retire early or achieve financial independence, such as:

• Following a passion without taking the stress of making money
• Have more time to travel
• Having freedom
• Live moments with your family and those you love

Here We Will Provide Some Early Retirement Stories To Keep You Motivated

#1 How This Couple Retired At Age 38 And 41

Tanja Hester, A very popular blog, Our Next Life, has a character named Tanja Hester, who retired at the end of 2017 when she was just 38.

It is one of the most famous early retirement stories, and we highly recommend reading it. The story that she narrates is very in-depth, and Tanja is also the author of the incredibly super interesting book on early retirement – Work Optional: Retire early the no-penny-pinching way†

In this interview, you will be provided with a brief knowledge on the following points:

• What made her retire so early?
• What resources make her capable of living comfortably in one of the most beautiful places in the world?
• Her expert advice is that one must follow for early retirement, regardless of career choice.
• How and what made her decide how much funds she required to retire
• The sacrifices that she has made.

You can read it in detail on How this couple retired at 38 and 41

#2 How I Retired At 30 With $500,000

This story speaks of a woman named Purple, who was 30 when she retired in late 2020 with $500,000 invested in her bank account.

In this interview, you will be provided with a brief knowledge on the following points:

• What made her determine that $500,000 was required for her early retirement?
• What made her decide that she wanted to retire early?
• The reason why she left her career behind.
• Whether she still earns income with early retirement
• The sacrifices she made to retire early
• The choices she made for health insurance to live a stress-free life

You can read in detail How I Retired With $500,000 At Age 30?

#3 How This Couple Retired In Their Thirties And Now Travels The World

From the blog Go Curry Cracker, Jeremy and Winnie took early retirement with the only objective of traveling the world.

When Jeremy and Winnie retired, they were in their early thirties. The best part of their story is that their son travels with them, and they have already traveled to more than29 countries!

In this interview, you will be provided with a brief knowledge on the following points:

• What made them retire in their thirties
• What factors made them live comfortably in private rental houses with private pools? They could fly business class and travel to multiple places.
• What factors made them decide how much they needed to retire?
• What are the steps that they took about health insurance in their early retirement

You can read in detail on How This Couple Retired In Their Thirties And Now Traveling The World: An Interview With Go Curry Cracker

#4 How This 38-Year-Old Owns 7 Rentals

This incredible story of Paula Pant gives us a brief overview of how she retired early and owns 7 rental properties, bringing her an income of $125,000 within a year and giving her $43,000 of repair and service expenses.

In this interview, you will be provided with a brief knowledge on the following points:

• What are the factors that introduced her to real estate investing
• What are the reasons behind her ability to afford so many rental properties
• What are the things that she’s looking for in a rental unit
• What are the different types of real estate she usually invests in
• What time and money is essential to be put into real estate?
• How she brilliantly manages rental houses even though she is living in another part of the country
• The worst tenant she has come across.
• What are the sacrifices that she has made to make all her dreams a possibility

You can read in detail about How this 34-year-old owns 7 rental homes†

#5 How Elizabeth Achieved Financial Independence And Moved To A Farm At Age 32?

This is the story of Elizabeth Willard Thames, popularly known as Mrs Frugalwoods. She gained financial independence at 32 and quit her successful career to bring on a meaningful and creative life with a purpose. She and her husband and children live happily on a 66-acre farm in the Vermont woods.

In this interview, you will be provided with a brief knowledge on the following points:

• What are the factors that helped her achieve financial independence
• What are the sacrifices that were required of her to become financially independent
• What are the factors that helped her to save 70%+ of her income
• What are the plans that she has to make her retirement money last for the rest of her life and her family she will be living

You can read in detail more about How Elizabeth achieved financial independence and moved to a farm at age 32

Final Words

Just Like these five stories, numerous other inspiring early retirement stories bring the same motivation and enthusiasm to the table. The primary purpose of early retirement should be exciting and motivating. It enables you to explore other professional streams and investments. 

The post Incredible Early Retirement Stories That Will Motivate And Inspire You appeared first on StreetWise Journal.