You are now only your journey to achieve your early retirement in 5/7/9 year time, but you have one major obstacle to overcome your journey ever started. It is the objection/confusion shown by your family or you’re the other half. They don’t understand your dream, and they don’t believe you can make it. So, what do you do now?
Firm Message, Strong Belief
I won’t lie to you; it is a challenge to me too. A firm message and a strong belief are definitely needed when you want to communicate this idea to them. Tell them why are you doing this, why the change of lifestyle choice (I tried hard to avoid using the word sacrifice) today will leads to better/free future tomorrow. I am lucky, I was born into a poor family and the idea of frugal was introduced to me since small. I have been trained by the environment since small to find ways to obtain toy I like to have, food I wanted to eat and game I wanted to play. Small business like selling tidbit, stationery and food funded most of my entertainment cost and snack cost during that period of my life.
It took me a very long time to realize freedom is not something granted to you by parent, government, or ever god, it is something you need to work very hard to get it. Whenever you feel down like me sometimes, you have to know your purpose of doing what are you doing right now. A wealthy man is shaped one dollar at one time, if you don’t respect the one dollars coin in your hand, it won’t respect you too and will leave you the moment he got his chance. And this is also why I always grateful and happy if I found any little coin lying on the floor waiting for me.
Ok, back to protecting your dream. I think one of the good ways is remind yourself frequently on this goal. You can try doing what I am doing right now to achieve this, starting a blog, writing something about early retirement every few day, at the same time you can learn more about the action you need to take if you want to retire early.
Second, communicate to party that affected by your decision (normally is your family) your intention and the reason why you are doing this. Most of the people are not familiar of the idea of early retirement, especially for our previous generation. In fact, it is more difficult for them to achieve early retirement in their time because the lack of investment tool and education in their time. So you might need to take some time to formulate what are the message are you going to convey to them. Don’t be surprise when they react overly when you say you are planning to retire/stop paid work completely after 5/7/9 years. This is almost unheard of even in our time, so it will take some time for the ideas to sink into them.
I don’t know about you, but I disappointed my family and friends many time when I failed to kept my promise or I didn’t complete what I am supposed to complete. It does not feel very good to break a promise and lose your credibility. Over the year, it costs me many broken friendship and tension in the family. So, if you are serious in this journey, taking action is important. Showing your seriousness is important. It is not very convincing to your family and friend that you are truly committed to retire early but you spend your money like nobody business and the tomorrow will never come.
Start taking some small action; track the flow of your spending should be the first step. Check what are the areas you can improve on, make decision on whether to clear your debt first or invest for return first. There are a lot of things to learn here, small little thing that helps you save a few bucks, bigger decision that save you thousand of dollars, choice that you make that make you money and so much more.
So, welcome to this exciting journey and I hope we will have a happy ride to the end. Hope to see you guy there!