Bigger Pockets: How to Change Your Financial Life with a Money “Reset”

Many investors have the end goal of a comfortable retirement. Perhaps, with the right investments, they can even retire early.

This concept can be known as financial independence. That is a level of wealth that allows someone to be free from the confines of a job – if they so choose. However, getting there requires thinking about the exact amount of money needed to make the move.

The first step is to make a plan. Without a plan, it will be difficult to track progress, if any. And it may be prudent for one to rethink their career.

That may mean starting in a new field with more opportunities for advancement. That’s because earning a higher salary is one big way to speed up the process of hitting a financial independence goal.

This process may also help someone decide if they’re happy with the path they’re currently on in their career and life. Just bear in mind, that changing a career is hard work. Working to retire earlier may mean working harder, making for a tough trade off.

That said, many who do retire early have found that they now have the time to take up new hobbies. Or work on new jobs, but without the pressure of having to work for a job. Planning for a comfortable or early retirement may have benefits, even if it takes years to pay off.

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