Retirement is a reality we all have to come to terms with, after some years of working with the government or a private Institution, this article is not about retiring at an old age but how to retire as a young person.
To retire at a young age you have to build a business that makes money for you even if you sleep, so that means you have to create a business that makes money passively, some business you can start that makes money passively are:
1) creating a software product.
2) writing books.
3) creating videos or podcasts.
4) automation business.
If you look at the business above, you will see that they are all means of making money passively, and what is also interesting about this business is you can start with what you have and grow it, assuming you are 20 years old now and you plan on retiring by 30 you can start today and grow your business over the years.
You also have to have domain knowledge on your industry, learn specific niche that you can double down on, that is you should not be generic, like if you are planning on writing books, you can focus on a different genre and be known it, for example, becoming the best writer for thrillers.
To retire at a young age you have to build a business that makes money for you even if you sleep, so that means you have to create a business that makes money passively, some business you can start that makes money passively are:
1) creating a software product.
2) writing books.
3) creating videos or podcasts.
4) automation business.
If you look at the business above, you will see that they are all means of making money passively, and what is also interesting about this business is you can start with what you have and grow it, assuming you are 20 years old now and you plan on retiring by 30 you can start today and grow your business over the years.
You also have to have domain knowledge on your industry, learn specific niche that you can double down on, that is you should not be generic, like if you are planning on writing books, you can focus on a different genre and be known it, for example, becoming the best writer for thrillers.
