Many individuals are perplexed as to why so few people are making an effort to retire as soon as possible. Why should people start investing and saving more money earlier? They don't want to spend their entire lives working, is a straightforward response. The perks of early retirement include health advantages, travel opportunities, or starting a new work or business venture.

Some people are concerned about the negative effects of early retirement, such as the financial strain caused by increased expenses and reduced Social Security income, as well as the negative effects on mental health. But  If you are completely empowered with financial knowledge and literacy, they won't happen.

If you wish to have a wider knowledge about finances, saving investing and debt control as well as early retirement, then I invite you to join ‘Wealthy Nation’ - a community of like minded entrepreneurs and professionals who are creating wealth to live a retirement lifestyle of...

When you have already created a million dollar net worth, you have come a long way to create a multi million dollar retirement. You have already demonstrated that you have the skills to create wealth. Now is the time to learn the skills to multiply wealth. In many cases, this skill set to multiply wealth needs three main steps. 

Firstly, it needs you to make your work harder for you, than you working harder for money. This means, your money needs to be invested at the right places and at the right time. Knowing that there is no perfect strategy to time the market, it all comes down to thinking long term and putting your money in a diversified asset basket. 

Secondly, it requires you to become less emotional about money over time. As we generate wealth and have kept enough funds aside as emergency funds for the near future, we can become less emotional about money matters and make more rational decisions around money. It requires us to bet more on mathematics...

How to double your retirement portfolio? 

A midlife crisis is a transition of identity and self-confidence that can occur in middle-aged individuals, typically 45 to 65 years old. One of the most important aspects that you start to give more attention to during the middle aged years is your ‘retirement portfolio’. With growing life span and more arenas to spend on, we have to be more mindful of our retirement expenses and hence we need to focus on growing our retirement portfolio during the middle aged years. 

There are three main areas on which we can work to increase our retirement portfolio with the intention of doubling it. These areas are: understanding short term and long term taxation, understanding when and how to switch the asset classes in the asset portfolio and lastly, how to modify our financial behaviour to favour growth of the retirement portfolio. 

Consistent with investment

We have all heard about the idea of being...