How Much Money Do I Need to Retire? (60 Minute Financial Solutions)

It also won't depend on successfully starting your own business. You won't need to develop a particular specialized skill such as real estate flipping. In fact, if you have a job, keep it.

Freedom is attained by creating a large gap between production (revenue) and consumption (expenses). This can be done in two ways--earning more or spending less. Nothing new there.

Second, having significantly reduced expenses, invest the difference in businesses. If widely adopted, businesses producing obsolete things which are no longer in demand will shut down, but new ones will appear, and it's a lot easier to change investments than it is to change careers. Alternatively, those with greater control over their income can

The only real retirement plan is to Choose Yourself. To start a business or a platform or a lifestyle where you can put big chunks of money away.