By the term Retirement Freedom, I mean a non-traditional retirement away from the work-a-day world. I call this "Fretirement" since it is a lifestyle that is free from all of the expectations that most of us have with retirement. In "Fretirement", you dont necessarily quit working, rather you quit having to work.
Why go through all of the traditional drudgery associated with a traditional job? Who really wants to spend an hour or more each day commuting to and from an office? Is there anybody who really enjoys office politics and ladder climbing? Or how about the words "outsource" and "downsize" and "layoff"? Can you really get excited about these things? Do you really want to spend a large portion of your earnings for fuel to get to work and for overpriced and unhealthy food during "lunch hour"?
It is possible, at almost any age, to effectively retire from the traditional workforce and to create your own economic machine. Thanks to the electronic age and the advent of the Internet, you can likely make this happen in that area of business wherein you enjoy a certain amount of experience, knowledge and passion. In fact, the more passionate you are about a niche, the more likely you are to be successful in making a good living in it.
In his current bestselling book, "The 4 Hour Work Week", author Timothy Ferris writes about how he managed to wean his company from its dependence on him being present 5 days each week. He did this by outsourcing many of the routine tasks that he did to a Virtual Assistant, or V.A. that he found on the Internet. In fact, he was able to do this so effectively that soon, he weaned his company from needing him at the office 2 days per week. Due to the companys inefficiencies, he and his V.A. were able to produce more results for the company during the 2 days each week that he was absent than he had been producing when he was present!
This went on and on and, over time, he showed up at the office very seldom, but his production was so great that his managers were thrilled and even gave him a raise and promotion! Now, at age 34, he has effectively "retired" from working, enjoys a lot of travel and has a staff of 3-5 V.A.s working for him across the globe! He quickly moved to his desired retirement lifestyle at the ripe old age of 34!
Im not suggesting that you will be able to work miracles like Tim Ferris did, but, you can certainly explore the opportunities in the niche of your passion and expertise. You might elect to do something complementary to what you are currently doing or perhaps explore a whole new way to accomplish similar results by harnessing the power of the Internet and by outsourcing menial tasks to V.A.s so that you can focus on the really important tasks.
If you are nearing the traditional retirement age, you may be able to spring free of your job years ahead of schedule if you can get some Internet "Cash Machines" setup to provide a level of passive income for you and your family. You can establish many diverse streams of income from various internet activities and each can be independent from one another. Once you have these in operation, you can have the retirement lifestyle that you desire!
For example, I have income from the sale of an electronic book, or e-book that I have written on the subject of retirement. I also do some affiliate marketing wherein I advertise products for several large companies such as Best Buy and Amazon.com. Additionally, I have a membership site on the Internet where retirees come to learn ways to earn income from Internet activities, and I provide advertising space for Google and other companies. All of these income streams are passive and the income just shows up in my bank account each day! Some days are great and others not so great, but, on average, I earn enough to support 2 sons in a large accredited University without using my Social Security check!
It took me a few months to learn these techniques and a few more months to put them into operation, but now all I do is tweak and tune my marketing programs and explore new ways to compound my streams! Fortunately, I am able to play golf several times a week and get to travel extensively to visit my grandchildren and to just have fun!
I love my retirement lifestyle! You can easily see why I call this freedom that I have my "Fretirement"!
Don Seibert is an Expert Author who writes timely articles and books on retirement including the Amazing Retirement Formula at http://www.Amazing-Retirement.com . Having retired twice, he now is the host of http://www.RetireToEasyStreet.com Visit the site for a complete discussion of Retirement Planning, early retirement, and Retirement Income Options
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