One consideration most people don’t make when determining their budget and investments is whether their job is their passion. If your job is your passion you won’t want to retire early. This is why many people would work on job they are passionate about for less pay. Unfortunately, it’s not always feasible to work at a job you love. It’s easy to tell someone to work at the perfect job, but that’s not realistic for all readers based on their skill set and interests. If you have a tough job, think of your leisure expenses as an investment in your mental health. This means you can spend more money within reason to improve your quality of life. There’s no point in saving money if you aren’t enjoying the present.
Investing when you have a difficult job means you’ll want to have high investment returns so you can retire early. Retiring early could be for your mental health or it could be because physically demanding jobs can’t be done past a certain age. In this case, make sure to take risk in your portfolio when time is on your side. As a young worker in your 20s and 30s, taking more risk is okay because timing the business cycle is less relevant. You need to slowly lower your risk as you get older to avoid losing money right before you retire.
Submitted June 12, 2018 at 11:29PM by AlexPitti https://ift.tt/2y7TyBw
