Making Your Early Retirement Dream Come True

Making Your Early Retirement Dream Come True

Imagine yourself enjoying your retirement. With enough savings and diligence, you’ll probably be okay retiring around your 60’s. According to Money Talks News, U.S. retirees usually bid their careers farewell at the age of 64. However, the Social Security’s full retirement age for all states except the District of Columbia only kicks in at 67.

But by that time and at that age, will you still be able to enjoy the dream that you’ve been chasing since you were a child? Probably not.

Now imagine yourself enjoying the luxury of your hard work while you still have the strength, health, and interest to do so. Imagine traveling the world, experiencing new things, and meeting new people all year long. Imagine sipping mojitos by the beach without worrying about the hangover the next day.

Imagine just staying in your room, watching TV, and eating pizza on your bed for the whole day without worrying about heartburns. Imagine yourself enjoying your life as a retiree while you can still actually enjoy life to the fullest. Sounds too good to be true?

Having an early retirement plan is not only for daydreaming but also for keeping yourself inspired to work hard. It’s not only about saving money and working hard. There’s a science in planning this. And with the list provided below, that plan might turn into a reality.

Here are the four ways to make your early retirement dream come true.

1.  Prepare multiple sources of income

To achieve this goal, it’s not enough to only work hard. You also have to work smart. Grinding nonstop can help you earn a lot, but there are more efficient ways to go about it.

  • Passive Income – Invest in your future by working on your investments immediately. Buying properties as early as possible is good since the market value of land will only go high as the world gets more populated. Future rental income is one of the most secure and safest ways to earn money passively. You can also try your luck with stock dividends, patenting products and ideas, or capital gains. The idea is to spend money now and let it constantly grow instead of stagnating in a bank. With proper research and attention, you can minimize the risks and earn as you sleep.
  • Active Income – Of course, you’d still have to work. But having a nine to five for decades isn’t always necessary. Maximize your earnings efficiently by finding your specialization and investing in it early. Attend seminars and learn actively to improve your skills. Working as an employee with only your future as your responsibility is indeed comfortable. But if you’re gonna go for early retirement, then the fastest approach is to skyrocket your career growth as well.

 

2.  Prepare safety nets

The best way to have a relaxing time in the future is to work on the possible things that might stress out. Cut those worries in the bud and work on your insurance.

  • Health and life insurance – It’s safe to assume that almost everyone knows the importance of health and life insurances. Yes, the cost of health insurance has dramatically risen over the decade. Yes, there’s so much you can buy with that amount. But if you look at it from a different perspective, by spending around $400 a month, you can avoid getting $123,000 out of your pocket for a heart bypass. And that’s just for the surgery alone. Health and life insurance provide you and your family financial protection in case of serious accidents or illness.
  • · Housing Insurance – Property insurance is also something that warrants more attention. Floods, fires, earthquakes, break-ins, and all the other unwanted mishaps can cause damages that might empty your savings. Not having a house and the money to start again is not really gonna make your retirement a blast. Knowing the right package to get will make life easier. If you prefer the bustling streets of metropolises, then look for the most suitable condo insurance quotes for your stylish and busy lifestyle. If you’re eyeing the serene and comfortable life of living in the suburbs, then homeowners insurance should be the topic of your research.

 

3. Avoid Debts

It’s simple math, really.

[( Hard work + Savings ) – Debts] x Interest = No Early Retirement.

Loans and personal debts endanger your financial assets. Loan interests will sneak up on you with a right hook and knock your plans out entirely. So, avoid it as much as possible.

4.  Take care of your health now

You have to understand that the main idea of early retirement is for you to have the capability to enjoy the fruits of your labor. And you can’t do that if you’re sick. Abusing your body and mind by working outside your limits will only be counter-productive in the long run.

The idea of relaxing all day, every day, is enough to fuel a week of nonstop grinding. And in most cases, that’s what happens. But a year filled with lack of sleep and proper diet will have its effects on your body for a lifetime. Nine to fives are usually attached to a sedentary lifestyle. Make sure you’re physically fit and learn the importance of resting and unwinding to make sure you’re mentally healthy.

 Remember that you are planning an early retirement for you to enjoy your life. But that doesn’t necessarily mean that you can’t have fun now. Make sure to find the line between working for a living and living to work.

best,

– a contributed post

P.S.  Was this post helpful?  Consider buying us a coffee to show your love <3

Buy Us A Coffee!Buy Us A Coffee!
[convertkit form=1317971]

POSTS YOU’LL LOVE

15 Father’s Day Gift Ideas That Won’t Break The Bank

15 Father’s Day Gift Ideas That Won’t Break The Bank

Updated On May 14, 2020Some of the links in this post are “affiliate links.”  This means if you click on the link and purchase the item, WSW will receive an affiliate commission.  Additionally, Who Says What is a member of the Amazon Affiliate Program.  Please review...

read more

TRENDING PRODUCTS

2020 LIFE BOSS PLANNER

(38 PAGES)

$19.00 $9.00

BULLET JOURNAL BUNDLE

(87 PAGES)

$32.00 $12.00

The Return of the Physical Store: Make It a Winning Comeback

The Return of the Physical Store: Make It a Winning Comeback

We are almost two years into this pandemic, and yet it is uncertain when movement restrictions will end or when the day we go back to the office comes. For retail businesses, what’s sure is the gradual return to the brick-and-mortar store setup, so much that even small neighborhood businesses have an equal shot to success. Are you one of those betting your stakes returning to physical retail? Here’s what you can do to prepare your establishment:

1.  Attractive Signage

Whether it’s on a floor standing signage or with decals on the glass panels in your storefront, a catchy social media humor-infused phrase, if not the word ‘sale’, always grabs people’s attention. Don’t wait for these displays to be outdated and replace them as often as the season changes. Also, make it a point to make pop culture, if not niche-specific, references. A ‘Let’s get back what you lost.’ display outside a facial spa, for instance, is enticing for ladies having been deprived of their treatments during the lockdown.

2.  The Instagram-Worthy Space

Make customers feel more welcome by improving the appearance of your storefront. Unleash the potential of that extra space between your store and the sidewalk by having it designed by commercial landscapers. With their help, you can transform your dull space into something patio- or cafe-like.

While you’re at it, why not replace your brand logo and have a backlit or neon signage placed above your store to appeal to the enthusiastic Millennial and Gen Z shopping population. Also, strive for a visually satisfying experience inside the store by putting up colorful lights and decor but sticking to a central theme without defying from your brand image. To name a few, you could aim for a minimalist home, gamer’s haven, or digital art vibe.

Come up with unique hashtags you want customers to use in their social media posts, especially Instagram. Make decals of them and stick them onto picturesque spots in your store like the front and on fitting room mirrors. Of course, it’s all up to them if they use the tag and specify the location in their posts, but their picture should give away where they took it.

3. Grand Clearance Sale

Perhaps, an event that best gestures ushering in a new era for your business is through a grand clearance sale. Sell past seasons’ inventory at more affordable prices but, of course, consider the overhead costs such as warehouse space and utilities that come with the sale. More importantly, relay the message that the sale is intended to make space for new releases and not because the business is closing for good.

4.  Nurture relationships with loyal customers

Depending on which social media platform your target market tends to lurk, launch ad campaigns. Present how your business has pivoted product- or service-wise since the pandemic. Assure them of their safety when transacting in your store. You can also give exclusive perks to those who are already vaccinated.

 Still, to stay relevant in the lives of your loyal customers, you can create targeted campaigns and don’t limit yourselves to the social media space. Rather, stay in touch with them through their mobile phone numbers. Remind them of earned pints, if any, that they are yet to utilize or limited-time promotional packages

 Times like these also remind businesses about the importance of maintaining a customer relationship management (CRM) system even if they are yet to bring their business online. Even keeping customers’ email addresses is powerful enough in reaching them. Through weekly newsletters, you can keep them updated on your promos and remind them of when it’s due for them to restock on your products, in the case of sellers of cosmetic products.

 More importantly, you could provide value-adding educational content. You can do so much with email marketing tools that typically allow you to customize your emails to your liking and brand image. To optimize your newsletters, place links to your website, landing pages to your current promos, and, of course, your contact details.

5.  Emphasis on safety

Overall, you would want to leave an approachable impression that is receptive to inquiries. For instance, many are concerned about their safety if ever they drop by your store. And so, be ever so open to arrange exclusive appointments for them or inform them of your store’s less busy hours.

 Make sure to maintain hand hygiene and social distancing provisions in your store. Provide hands-free sanitizer dispensers by the entrance and by the cashier kiosk. Install foot traffic guides like stickers on the floor and hanging Sintra PVC ones. Of course, they are more attractive if they’re specifically branded for your store.

 These days, the curb appeal of stores more largely determines their success. Besides, improving how your store looks gives more vibrancy to the neighborhood. In a way, transforming your store livens up the community.

best,

– a contributed post

P.S.  Was this post helpful?  Consider buying us a coffee to show your love <3

Buy Us A Coffee!Buy Us A Coffee!
[convertkit form=1317971]

POSTS YOU’LL LOVE

15 Father’s Day Gift Ideas That Won’t Break The Bank

15 Father’s Day Gift Ideas That Won’t Break The Bank

Updated On May 14, 2020Some of the links in this post are “affiliate links.”  This means if you click on the link and purchase the item, WSW will receive an affiliate commission.  Additionally, Who Says What is a member of the Amazon Affiliate Program.  Please review...

read more

TRENDING PRODUCTS

2020 LIFE BOSS PLANNER

(38 PAGES)

$19.00 $9.00

BULLET JOURNAL BUNDLE

(87 PAGES)

$32.00 $12.00

7 Telling Signs You Had a Good Interview

7 Telling Signs You Had a Good Interview

Every interview is nerve-racking. Even if you were the one interviewing a professional you’re going to need, from a licensed broker for mortgage applications to a contractor for home renovations. This formal conversation comes with plenty of anxiety for some people. No other interview is probably more distressing than a job interview.

There’s no legitimate way of knowing if a job interview went well except for that phone call or email verifying that you’re through to the next round or you’re scheduled to finalize the contract. However, that can take days, even weeks. You could get anxious.

How can you tell that your interview went well? 

Below are seven signs that you had a good interview.

1. The interview went for a long time

An interview that’s cut short is an indication that you may not have gotten the interest of the interviewer. The longer they want to talk to you, the better.

The average length of an interview is 30 minutes to an hour. If you find that your interviewer is going above the average time, then you know that you have a bigger chance of getting the position.

2. They were doing most of the talking

At the beginning of an interview, you’re the one who’ll be doing most of the talking. It will be about yourself, your background, credentials and experience.Then, you notice that along the way, they’re doing all the talking.

It’s a good sign if you notice them talking about their company, job responsibilities, the benefits and perks that will come along with the job, and other details that will engage you.

If you find that they’re talking to you more casually, mentioning where the best place to eat around the office is, where to go on weekends if you’re new to the city, or even what music they like listening to, then there’s a good chance that they have already envisioned you in the role and see you as part of the team.

3. They try to promote the job

Interviewers tend to talk about what makes the job great for you. They start highlighting what makes the job match your skill, what perks they can offer, and other things that they feel will get you to get on board.

In interviews, it starts with selling yourself, but when the tables have turned and you find the interviewer selling the job to you, then it’s an indication that they see you as an asset and would love to have you on their team.

4. You’re being asked hypothetical questions

The questions they ask are now more detailed and hypothetical. It’s normal to ask candidates where they live, but if they specifically ask how you’re traveling from where you live to their location, and how long it takes for you to get there then it’s a telling sign that they’re considering you already. The more detailed the questions are, the better.

5. THey give you positive feedback

Note: Mirroring gestures are also a telling sign that the interviewer is engaged and is interested in you. Pay close attention to their body language. If the interviewer seems distracted, or they have their arms folded, then it’s an indication that they’re not open to getting you on board at the moment. But, if they’re mirroring your body language and you have their undivided attention, then they’re putting you on top of their list.

6. You already talked about the salary

Talking about salary expectations is one of the indications that they’re seriously considering your position. Answer honestly. Don’t oversell yourself, and also, don’t undersell. Find the balance and know your worth.

7.  You were given a call-back date

One of the best signs is to receive a definitive date where they would want to meet with you again. A simple “we’ll call you for the results” means that they aren’t sure or there are other candidates that they would like to consider. However, if they gave you a definitive date, then there’s a huge chance that you’re in.

Sit tight and be prepared

Getting a new job can be stressful. You can never really tell how well you did in your interview. All you can do is wait. To lessen your anxiety, always be prepared before going to interviews. Show your potential employer that you’re perfect for the job and their company by doing proper research and studying up beforehand.

Keep in mind that even if you aced your interview or performed well, that won’t automatically get you the job. There could be other candidates who were the right fit for the company and who were chosen based on their experience.

Don’t worry too much about something that you have no control over. Read up on how you can improve yourself so that you can enhance your performance in your next interview. Be confident and always think positively.

Good luck!

best,

– a contributed post

P.S.  Was this post helpful?  Consider buying us a coffee to show your love <3

Buy Us A Coffee!Buy Us A Coffee!
[convertkit form=1317971]

POSTS YOU’LL LOVE

15 Father’s Day Gift Ideas That Won’t Break The Bank

15 Father’s Day Gift Ideas That Won’t Break The Bank

Updated On May 14, 2020Some of the links in this post are “affiliate links.”  This means if you click on the link and purchase the item, WSW will receive an affiliate commission.  Additionally, Who Says What is a member of the Amazon Affiliate Program.  Please review...

read more

TRENDING PRODUCTS

2020 LIFE BOSS PLANNER

(38 PAGES)

$19.00 $9.00

BULLET JOURNAL BUNDLE

(87 PAGES)

$32.00 $12.00

SMRT Continues to Smash 2021 Goals Amidst a Whole New Playing Field

SMRT Continues to Smash 2021 Goals Amidst a Whole New Playing Field

2020 proved to be the biggest hiatus for the Singapore Mass Rapid Transport (SMRT), and other transit systems across Singapore. The unexpected and unplanned break due to the quarantine protocols put a sudden pause to the bustling activity that used to be commonplace at train stations everywhere. Nevertheless, they continue to operate and improve their services to serve the riding public.

Since the circuit breaker has been lifted, the train stations have seen an increase in the flow of passengers. But the average daily ridership is still quite low, as many remain to work from home.

1.  Picking Up The Pace

Instead of maintaining status quo, SMRT picked up on their reorganisation plans. Alongside the SMRT CEO’s ongoing efforts to improve their workforce structure, the train management rolled out a sustainable and scalable train operation plan that allows the ground to keep current operations efficient, as well as increase the service should it be necessary.

Now that Singapore is starting to get back in the swing of things, SMRT has started to increase the capacity of trains to ensure that the passengers continue to have a reliable transportation option to travel from point-to-point.

To minimise crowding in trains, more cars run on the network during peak hours. The arrival frequency of the cars come in intervals of 3 minutes; the interval was 5 minutes before the pandemic. On top of temperature check kiosks, SMRT ensure they do their part in reducing the risk of transmission by replacing exit buttons with contactless sensors and the use of anti-microbial coating at high touchpoints in both trains and stations.

2.  Safer and Better Service For The People

In line with the Ministry of Health’s directives to prevent the spread of Covid-19, CEO Neo Kian Hong assures the riding public that SMRT remains dedicated to serve the passengers while making sure that everyone is safe.

Aside from the building projects and facilities improvement, the train operator maintains strict Covid-19 guidelines as the Ministry of Health put the country on heightened alert due to new cases of the virus, starting May 15th. But SMRT assures the riding public that safe distancing and health protocols are observed in all touchpoints.

SMRT takes the health and well-being of every passenger and employee seriously. Just a week ago, they immediately took action when they received a report that a passenger boarded the train without wearing a mask. The passenger refused to wear one despite being encouraged by the other riders to do so.

SMRT believes that the safety of one passenger is the safety of everybody, be it about the safe distancing protocols or the availability of safe transportation. They understand that a healthy workforce is key in providing a safe and continuous service to the people.

Management has collaborated with the Health Promotion Board to conduct health screenings for their employees and provide them with updates related to their health situations. It helps the members of the workforce, in the offices and on the ground, with the monitoring of their personal health and safety at work.

In addition to that, the employees have access to the SMRT Care Fund. The funds are there to assist staff with financial emergencies and ensure that they are not alone in times of need.

3.  Renewal and Maitenance Work

SMRT is on a mission to improve the quality of their service and has invested in communications, technology, and their people. Currently, stations are equipped with electronic displays that show train service updates and digital displays that provide answers to common queries. This helps to navigate the train network easier for new riders, regular riders, as well as visitors.

But the renewal and maintenance work wouldn’t have been successful without the talented individuals behind each initiative. SMRT is continuously growing and up-skilling their workforce to equip them with the skills and knowledge to perform the roles to the best of their ability.

As of this writing, there are 540 engineers and 3,300 maintenance workers keeping the system working and in top condition.

4.  Planning For The Future

The plan to expand the MRT network remains an active project despite delays due to Covid-19. There will be an additional 360 km to the network, and they plan to complete this by 2030. While the project completion may seem too far from now, Transport Minister Khaw Boon Wan explains that the availability of the construction workers has been impacted by Covid-related matters.

The delay is completely understandable as the health of the workers must always come first. Passengers can expect continuous service and more trains to ply the network by the year 2023. This will definitely help de-congest the stations and help the community sustain a safer and faster journey experience.

best,

– a contributed post

P.S.  Was this post helpful?  Consider buying us a coffee to show your love <3

Buy Us A Coffee!Buy Us A Coffee!
[convertkit form=1317971]

POSTS YOU’LL LOVE

15 Father’s Day Gift Ideas That Won’t Break The Bank

15 Father’s Day Gift Ideas That Won’t Break The Bank

Updated On May 14, 2020Some of the links in this post are “affiliate links.”  This means if you click on the link and purchase the item, WSW will receive an affiliate commission.  Additionally, Who Says What is a member of the Amazon Affiliate Program.  Please review...

read more

TRENDING PRODUCTS

2020 LIFE BOSS PLANNER

(38 PAGES)

$19.00 $9.00

BULLET JOURNAL BUNDLE

(87 PAGES)

$32.00 $12.00

Guide to Creating a Passive Income Source

Guide to Creating a Passive Income Source

These days having a job is not enough to ensure you have enough money when you retire. The pandemic highlighted this situation as many companies declared bankruptcy due to the lack of sales and increasing expenses.

In this situation, people wouldn’t be in dire straits if they have a source of passive income. Passive income is income a person gets from an enterprise where he does not participate actively, such as rental income. Here are some passive income sources people can consider starting to ensure they have another source of funds in case they lose their main income source.

1.  Offer A Rental Home

While buying a house or apartment requires you to make an initial investment, you can use it as a source of passive income in the future. With the low mortgage rates, you have a good chance of owning a new home if you have the money to pay for the down payment. You can either move into the house that you bought and rent out your old one or rent out the new house you bought.

While the pandemic affected the industry when it started, the current recovery will likely make this passive income source a good option. In the end, you’ll have a good passive income stream if you rent out a house or an apartment.

2.  Offer A Rental Room

If you cannot afford a new home yet but have an empty room above your garage, you can rent it out. Instead of using the spare room as a storage area, you can clean it and rent it out. Renting out spare rooms is a good source of passive income for retirees and empty nesters.

But it’s also important for people renting out rooms to check whoever wants to rent the room. They should check the background of the person before letting him into their homes. It is better to be safe than sorry.

3.  Start An Investment

For many people, the Individual Retirement Account (IRA) is their main investment stream to ensure they have money the moment they retire. Others put it on dividend-producing stocks. On the other hand, some people rely mainly on their 401(k) plan.

Whichever investment vehicle you should use, you should make sure to continue contributing to it so you’ll have something to look forward to when you retire. Another option is life insurance that comes with an investment. While this is a good option for people who have extra funds, they should still know how it works so they are aware of the rewards and risks in putting their money in this investment option.

4.  Start An Affliate Marketing Website

Another passive income stream option is an affiliate marketing website. This option is ideal for people who have web-related day jobs. Affiliate marketing is simply earning a commission by promoting the products or services of any advertiser or retailer. Some people create a blog with links to these products or services. Each time a website visitor buys the product using the link from the blog, the website owner or affiliate partner earns a commission.

All you need to do is to build a website or blog during your free time and promote it online. It will take time before you can build traffic into your website. But decent affiliate marketing websites can earn at least $10,000 each year. You should also provide content that is relevant to the readers so they will subscribe to your website and hopefully share it with their family and friends.

5.  Start A Print On Demand Business

If you have a creative side, you can use it to make money through a print-on-demand business. The print-on-demand business model is a low-risk way of selling items that carry your design. This can be shirts, mugs, and any other items. There are a lot of websites that offer print-on-demand services and all you need to do is to upload your design and promote your products online. Each time someone buys your design, you get a commission. The amount depends on the website where you uploaded your design.

6.  Offer An Online Course

If you are an expert in your industry, you can develop a course and sell it online. Aside from the course, you can also create e-books as well as online guides that you can also sell online. This can become a good source of passive income if your course is popular and many people are interested in it. But you should make sure it offers great value to your subscribers since they can also help you promote it through the reviews they make on your website.

The pandemic highlighted the importance of having a passive income stream since it provides you with a source of funds in case something happens to your main source of income.

best,

– a contributed post

P.S.  Was this post helpful?  Consider buying us a coffee to show your love <3

Buy Us A Coffee!Buy Us A Coffee!
[convertkit form=1317971]

POSTS YOU’LL LOVE

15 Father’s Day Gift Ideas That Won’t Break The Bank

15 Father’s Day Gift Ideas That Won’t Break The Bank

Updated On May 14, 2020Some of the links in this post are “affiliate links.”  This means if you click on the link and purchase the item, WSW will receive an affiliate commission.  Additionally, Who Says What is a member of the Amazon Affiliate Program.  Please review...

read more

TRENDING PRODUCTS

2020 LIFE BOSS PLANNER

(38 PAGES)

$19.00 $9.00

BULLET JOURNAL BUNDLE

(87 PAGES)

$32.00 $12.00