One of the greatest drawbacks to modern life is how little quality time parents get to spend with their kids as they grow up.
While parents are busy putting in those long hours so that their kids want for nothing, they miss out on some of the greatest joys in life by spending too little time watching their children grow.
Fortunately things don’t need to be this way. Let’s explore the secret to retiring early so you can spend more time with your kids to see if this sounds like the right path for you.
Kids Don’t Need to Be Expensive
While advertisers, the media and other parents will go on and on about how expensive it is to raise a child, it really doesn’t need to be that way.
What kids need is clothing, food, shelter, healthcare and, most importantly, parental attention.
When you go out and buy that top-of-the-line baby stroller you aren’t buying it for them, you are buying it for yourself. Kids don’t care if they wear designer brands or old hand-me-downs, so don’t waste your money buying your children things that they don’t need and don’t benefit from.
Lead a Frugal Life
Learn to enjoy quality family time with simple and wholesome activities that aren’t going to break the bank.
A day in the park can be far more enjoyable than cramming everyone in the van to go shopping at the mall, and it will be much, much cheaper!
Part of the switch to a family-oriented lifestyle is learning to let go of all our modern consumerist greed and just enjoy spending time with our loved ones doing simple and wholesome activities.
Start Saving Early
The key to having enough money saved up to retire early and spend more time with your kids is to start saving as early as possible.
This may mean that you need to miss out on some excessive splurging in your early 20s, but you will be much better off for it in the long run while your peers are still paying down their debts from spending freely well into their 40s.
The earlier you start saving and the more seriously you take it, the sooner you can retire and start spending quality time watching your children grow.
Direct Your Own Investments
While you can make decent returns in the long run relying on professionally managed investments, if you want to retire in your 30s so you can spend time with your kids you will need to learn to manage your own investments so you can achieve outsized returns.
Fortunately it has never been easier for individuals to manage their own investments with an explosion of services dedicated to helping retail investors achieve their financial goals.
There are now trading platforms and financial software that allow you to be competitive with professional traders from the comfort of your own home.
The secret to learning to direct your own investments is to take a day trading course that will teach you all about the contemporary financial markets and how to achieve out sized returns.
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