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Retire Sooner Than You Think

Hi, it’s Peter of American Wealth Builders.

I hope you had an amazing Labor Day weekend. Hopefully you relaxed a bit with your family, maybe barbecued something and watched a bit of whatever your favorite sport happens to be.

As AK talked about a couple of days ago, Labor Day is the last “real” long weekend that some people get for a while. You might have to wait until November or even December to get 3 days off in a row.

Or you might have to just call in sick!

Labor Day really is the last taste of a long, lazy summer. Starting this week, things pick up again for the fall. Maybe your kids are in school; probably folks at work are coming back from vacations.

The week after Labor Day is a busy one around the office here because, as AK pointed out, a lot of people realize that they don’t want to go back to the grind…

They kind of like the long, lazy days of summer.

In some ways, the Labor Day long weekend is an exclamation point marking the end of the summer… and it’s also a kick in your butt that you need to get back to reality.

So, as you drove into work yesterday (Tuesday), maybe you thought to yourself: “okay, I can do this… I can get through another 10 to 20 years of this until I retire.”

And maybe when you got into work you looked at an old paystub in your desk and wondered what your IRA contributions were like and whether they’d allow you to retire at 60, 65, 70 (… or worse).

Well, in today’s email I want to share with you why you might be able to retire sooner than you think.

When most people think about retiring, they think about working right now and saving up enough money so that they have a large nest egg to deplete from during retirement. And when someone talks to them about retiring early they look around at all their bills and expenses and the think, “there’s no way I could afford to do it.”

It’s no wonder why most people who dream of retiring early usually include an unlikely lottery win as the event that allows them to retire!

But what if you could retire early?

Rather than trying to think about how much you’ll need to cover your current bills, what if you looked at it the other way?

What if your bills would not be as high in retirement as they are while you work?

Well, let’s start with how you get to work…

According to this report by Auto Insurance Center, the average American commuter spends nearly half an hour commuting each morning (and, of course, the same amount returning home in the evening). And there’s the fuel: the same report estimates that nearly 20 gallons of gas is spent just on idling in commuter traffic – and obviously much more to just get to and from work.

Once you’re at work, you’re putting in a solid 40 hours a week and, if I’m not mistaken, those don’t always feel like the highest and best use of your time (especially when you have to deal with bosses or the guys in IT, right:).

Now let’s factor in other things:

  • The pit in your stomach on Sunday nights as you think about work;
  • The times you’ve had to miss your kids’ afternoon school plays because you couldn’t get away;
  • The time you spend in the evening thinking about work (and maybe even DOING work);
  • And even though the kids are home, you also have to do some of the other stuff you can’t do at work – like pay bills or shop for groceries or mow the lawn.

I think I’ve described the average life here.

And what most people don’t realize is just how much they SPEND on their current lifestyle just to do all of this!

All of that stuff adds up – from the money you spend on fuel during your commute to the new tie you need to buy because the big boss is in town… heck, even that pit in your stomach on a Sunday night has  “cost” (even though the exact FINANCIAL cost isn’t obvious).

What if you didn’t need the money and you just quit. What would the FINANCIAL impact be?

  • You wouldn’t need to own two cars
  • You wouldn’t need to pay for the fuel, taxes, and insuranc
  • You wouldn’t need to buy suits for work
  • You wouldn’t need to buy lunch for work every day
  • You wouldn’t need to pay for babysitting from the time school gets out until the time you get home

That’s the FINANCIAL impact.

There’s also the FAMILY impact – you can spend more time with your family, you can spend more time doing what you want to do, you can actually enjoy a healthier, happier lifestyle since you’re not stressed about your job every day. (Believe me: most of this has a FINANCIAL aspect too, especially in terms of lower stress and even lower medical bills from stress-induced health problems).

Obviously the numbers will be different for everyone but let’s say you earn the national medium income of $51,939/year – that’s basically $1000/week. Well, just from my notes above you probably save at least a month worth of income just by not having to go into work. And maybe the impact is more.

It will be different for everyone and I can’t prescribe exactly what your early retirement income needs to be. But I can tell you that, for MANY people, it’s often a lot less than they think it needs to be – usually because they haven’t “subtracted out” the money they’re spending just to live their current working lifestyle

And when I say that to people, I love seeing the realization in their eyes as they start to think about early retirement and how it might be more possible than they realize.

At American Wealth Builders, our turnkey properties help to create that early retirement lifestyle – and many of our clients are very surprised at how much sooner than can retire than they ever thought possible.

It’s a busy week here at American Wealth Builders but if you think you’d like to explore early retirement, pick up the phone and talk to one of our Senior Wealth Strategists. They’ll help you see just how soon you can retire by implementing a turnkey real estate strategy.

Schedule an appointment to speak to me directly



Peter Aquart
American Wealth Builders

Peter Aquart - COO

About Peter Aquart - COO

Peter heads our S. Florida Headquarters and is the tech guru here at AWB. With his engineering background and analytical skills, he’s a great resource for you to talk numbers, analyze different strategies, and look at the data and results of your investments instead of the emotion and drama. Email: Phone: 561.408.0880