I blog on Financial Intelligence, Social Media, Personal Growth and Inspirational Stories
In: Choice|financial goals|financial independence|Financial Intelligence|financial objectives|financial planning|financial stratety|Goals|Lessons of life|Life
25 Mar 2012
I started writing the 100 lessons I have learnt in life so far. This is the Lesson number 4. click here to read lesson number 3
Most likely you may be saying ‘is this guy serious?’ well yes I am serious, I know it sounds outrageous but not only is it possible but it is more important that our generation aim for forty five as the self-imposed retirement age.
When my parent’s generation was my age, the normal life was to start kindergarten at age 4, primary school are 6, Junior High school at 12, Senior High school at 15, Tertiary education at 19, start their first job at 23, work for 35 years and retire at 65 and die at 70 or if fortunate have a bonus of 10 years to end it all at 80.
My parent’s generation is much different from mine, when my mother was twenty nine she had her brother in Germany. Their main means of communication was through letters, when my mama sent a letter, my uncle receives it two weeks later, he then replies and my mum receives it in another two weeks. A simple two way communication took one month.
My generation is different, I have emails which take micro seconds to reach its destination, I have Facebook, Twitter, Skype and the other internet applications and I haven’t even started with cell phones. I am a citizen of the global world. I have free access to more information in one day than my mother had in a whole year when she was my age. What does this have to do with retiring at forty five?
Our world is hundred times faster and with hundreds of opportunities than my parent’s generation. We have the ability to generate more income in five years than our parents could in ten years. With proper planning, savings and investment, we should be able to take half the time it took our parents to earn as much as they did to be able to retire.
Have a view on this? I happy to read it, write a comment below.
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Tell me what you think about this post; leave a comment
Originally posted 2010-06-28 17:20:51.
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As a Thursday born my day name is YAW for me this name represents my true self. Y = young, A = adventurous and W = willing.
9 Responses to Life Lessons: 4 – Retire before forty five
ernest
July 3rd, 2010 at 9:02 pm
you are an inspiration
admin
July 4th, 2010 at 2:57 pm
Loads of Thanks Ernest, words of encouragement like these is what keeps me going
Life Lessons: 5 – Procrastination kills
July 5th, 2010 at 7:27 pm
[...] PluginI am writing the 100 lessons I have learnt in life so far. This is the Lesson number 5 .click here to read lesson number [...]
Lavinia
July 14th, 2010 at 6:28 pm
Hi Albert,
I really enjoyed this post and thought it poignant and very apt for our times! We really do have to use the resources available to us and take charge of our life, destiny and live the life our parents could only dream about! It is good to share your journey with you and like Ernest said, you are very much an inspiration!
To your success, to your journey!
Best,
Lavinia
patrick
July 16th, 2010 at 9:32 am
Sure way to go
admin
July 16th, 2010 at 6:14 pm
Hi Patrick
great to see you on my blog. Guess you were surprised not seeing stuff on digital services
David Ato Ribeiro
July 17th, 2010 at 6:12 pm
Still waiting for the spreadsheet. Yeah just remembered, i wanted to ask a question about the annual investment you talked about at the PIMI training, lets say you want to put in 1200 for the year, do you have to pay in full or you can pay monthly like 100 a month and still get your percentage increment for the whole amount?
admin
July 18th, 2010 at 9:13 am
Dear David, go to this link and you will find it
http://www.albertopoku.com/financial-intelligence/financial-management-presentation/
Andy
May 10th, 2012 at 10:28 am
Hi Albert,
I actually planned to retire at age forty-five. Looks like you directed this post to me. Well it is a fresh challenge actually.
Gracias!