Many people dream about what they would do all day if they didn’t have to go to work. The key is to dwell on retirement in such a way that it starts to shape your finances. Here’s how my retirement goals have shaped my saving and spending patterns.
I want to be financially secure in retirement, so every dollar I save is the best dollar I will ever spend. I highly value freedom. Saving enough to retire will mean I’m no longer working because I need the cash to survive. I envision a future where I can choose to work only when the endeavor excites me. Whenever I find ways to reduce my spending, I’m really just diverting that money toward a future use.
I want to retire sooner, so I make an effort to increase my income. Working hard throughout your career is a given. But don’t forget about other ways to bump up y…
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