Saturday, 18 July 2015

Mini Retirement

Retirement meaning the time you retire from working and receiving money from different sources of funds whether government or private funds. In the Philippines, SSS is the main source of retirement funds. This is the stereotypical retirement idea in our country, but other financial instruments can be a vehicle for early retirement, thanks to many financial advocacies group sharing financial education.

Many retire at the age of 60 - 65, the time that probably you will not be able to do things such as skiing, sky diving, travelling around the world, hiking at Mt. Apo, biking at the mountains, and the dreams of building businesses.

I realized that it's possible to do a mini retirement as inspired by 4 hour work week author, Tim Ferris. We can outsource those jobs that we cannot enjoy such as bookkeeping, marketing, secretarial and admin jobs for an affordable amount.

We can travel by saving a small amount every month and prepare early for holiday  such as booking early flights , looking for cheap hotels or airbnb, and working extra for travel allowance. Groupons, entertainers, vip are offering great deals.

For skills that you want to learn in your retirement, you can have it for few bucks and sometimes free, if you are an OFWs and wants to learn entrepreneurship and technical vocational courses, TESDA will be a good place to start. Udemy and coursera are the places for special skill courses and you can have certification.

For retirement funds, start from a basic steps open a mutual funds, start learning how stock market works, looking for potential passive income and prepare a business plan. Have an extra from those dividend paying investments.

I enjoyed mini retirement this Eid holiday with my families and friends. If I can do it, I know you can.

A view from my hotel room.

This is a balanced lifestyle that even you live frugally, you will have same experience as other rich friends.

Sincerely yours,

Jonathan Ruiz 
Newbie Mentor 


1 comment:

  1. Thanks for sharing, nice post!

    Chia sẻ các mẹ cách nấu cháo tôm cho bé cực ngon, bổ dưỡng hay cháo lươn với cách nấu cháo lươn cho bé hay trẻ chưa biết nói thì sao với trẻ 16 tháng chưa biết nói hay món ăn bổ dưỡng chim bồ câu bổ dưỡng với cách nấu cháo bồ câu cho bé hay trẻ 7 tháng tuổi ăn dặm như thế nào với thực đơn ăn dặm cho bé 7 tháng tuổi hay trẻ ọc sữa với bài trẻ sơ sinh bị ọc sữa lên mũi hay tìm hiểu bệnh đẹn ở trẻ với đẹn ở trẻ sơ sinh là gì hay trẻ chân tay miệng kiêng gì với trẻ bị tay chân miệng có tắm được không hay hiện tượng trẻ đi ngoài với trẻ uống kháng sinh bị đi ngoài hay sốt mọc răng thì sao với trẻ tiêm phòng bị sốt bao lâu hay cho trẻ ăn thực phẩm gì với những thực phẩm giàu sắt cho bé hay sự phát triển của trẻ 5 tháng tuổi như thế nào trẻ 5 tháng tuổi biết làm gì như thế nào.

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