The Let's Retire at 50 Project

Let's retire at 50! Sounds great doesn't it. As many of you know, The Number by Lee Eisenberg is one of my absolute favorites, and after much thought and consideration, I think I have finally come to my number. Soon I will be leaving the comfortable striped suit and white shirt world of the bank for the absolute uncertainty of my own investment firm, and to work on my own. It is the single most exhilarating thing I have ever done, but at the same time leaves my wife and family with a sense of uncertainty about the future.

My crazy adventure into entrepenureship comes after serious consideration of the simple question - What did you not become, what do you regret not being? Right now I am 43 and I cannot imagine how dissapointed I would be at 65 if I had not given this a shot. Like all business owners, I think I have found something that people need to hear, that is not being given to them today.....a "niche" if you will. My simple plan for this business is to offer simple, great advice regarding retirement to the baby boomer wave that is hitting 61 this year. Tying together Social Security, Investments, Pensions, and Insurance is a confusing and sometimes complex problem many retirees face, and the opportunity with this is the beauty of my business - simplification.

All of this leads me to the Retire at 50 project......to face my own number. I have decided my own number to be $5 million in investments, to produce $250,000 in residual income per year. I have greatly simplified my own numbers (I won't bore you with the details), and I urge all of you reading this to do the math and figure out what you need, and what your number is. The goal of my chosen number is an amount I think will provide a comfortable income for both me and my wife to travel and do what we choose to do in 7 years. The next 7 years of my life are going to be dedicated to many different businesses which will all lead to the comfortable retirements of all that I serve. My clients are going to be the ultimate beneficiaries of my project. The knowledge that I glean from others and can pass on to my clients will be infinately valuable.

This blogsite will be a window on this journey, as well as a journal on the trials and tribulations of running your own business. I will post much more often than I have, and I will keep the posts both entertaining and informative. If you go to my website now, you will notice that the homepage is now dedicated to retiring early. Post your comments often, and visit the website often.

Let's all retire at 50.....or sooner.

The Retirement Guy