Fast Track Your Retirement
In this day and age there tends to be a thought that retirement is something you look forward to around 60-65 years of age. I don’t know about you, but the thought of being able to retire a lot earlier really appeals to me.
How would you like the idea of re-defining when you retire? How about retiring and living off the proceeds of your efforts within the next 10 years?.. or 5 years? or even sooner?
Impossible? Not if you are committed to your own business and you think like an entrepreneur.
Like most things in life there’s no such thing as a free lunch, and being successful enough to the point where you can retire earlier than most requires hard work and commitment.
I subscribe to “Early To Rise“, - The Internets most popular success, wealth, and well-being newsletter, and Michael Masterton’s newsletter gives some good advice about bringing your retirement forward.
Start a business (because it’s just not going to happen by simply working for someone else - unless of course you are a a crack property investor or share trader).
We all know plenty of businesses fail, (leading the list restaurants, “glamour sites” like travel, bed and breakfasts, and sports, along with retail stores), however the number of business successes far outweigh business failures.
When starting a new business you can drastically reduce your chance of failure by:
- Understanding everything you can about the product or services you plan to market.
- Become competent, and then a master of marketing your business.
- If you haven’t yet been in the industry you want to start a business in, then the best place to start is by working for someone else in the field you want to be in.
By learning on the job you will have an opportunity gather information about what works and what doesn’t. However don’t try and re-invent wheels. If something is working don’t try to change it.
- As you go about your work, have the attitude that you are on a “fact finding mission”. Start to make notes about how a business runs and absorb as much information as you can. If it means working longer hours then so be it. Michael says it takes around 600 hours of learning for you to know enough about a subject to avoid mistakes.
You’ll also be inspired to look at improving procedures and your marketing skills, however don’t forget that 80% of your business ideas and strategies will already be used by your competitors - because they work!
For further reading check out Michael Masterton’s 8 Important Things To Know About Business by subscribing to Early To Rise Newsletter.




