Treat Personal Finance Like a Business to Retire Early
Wouldn’t it be nice to retire early? This may seem like a pipe dream to many, but if you run your personal finances like a business, you are likely to be more successful in retirement ahead of time.
Early Retirement Extreme offers this advice:
The key to success is managing your personal finances like a business, with assets and inventory in mind, with a focus on efficiency and value for money. Not just any business, but a business that is flexible, dynamic and adaptable. Conversely, most consumers run their personal finances like an inflexible and unprofitable anti-business that is always in danger of losing their jobs due to the next wave of downsizing.
Successful companies manage their money with growth and efficiency in mind, while unsuccessful companies (and many people) focus primarily on short-term needs.
Whether you want to retire early or not, thinking about your family’s finances as a business can lead you to financial independence sooner.
Three Requirements for Early Retirement | Early retirement