Retire Early & Do These 15 Things

retirement is not an age it's a number and when you hit your number you can choose to retire that number is when your Investments generate at least 20 percent more than your expected cost of living yet most people still look at retirement as an age Milestone most people retire after the age of 65 but there are some out there who do it in their 30s and 40s no matter when you choose or get to retire you will need a game plan by the end of this video you'll know exactly what your best course of action will be here are 15 things to do after you retire welcome to a lux keep going but with none of the pressure or stress turns out that people actually find pleasure value and purpose in going to work and being productive what we don't like is all the nonsense and pressure that comes with it right dealing with deadlines bosses difficult clients if that wasn't the case you'd actually enjoy working the goal of retirement is to retire from the pain and stress caused by these factors to not have to do things you don't want to do and to remove the time pressure caused by tight deadlines you want to be able to wake up when you want to do what you want to how you want it the moment you understand this definition of retirement your world view will change retirement isn't about sipping cocktails on a beach until death inevitably comes for you that vision of reality is actually a marketing poster from the 70s that was used to manipulate Factory workers into doing hard work until the age of 65 and then for travel agencies to sell more tickets served as a goal that very few people got to enjoy and look in reality it gets really boring really fast sitter moving or at least travel the world most people choose their primary residence based on proximity to their workplace and if that's the case for you you might find yourself better suited somewhere else moving one hour away might drop your cost of living considerably or at least get you more bang for the same Buck spent plus you always said you wanted to live in nature or near the sound of waves in the morning the idea of retirement is to enjoy life while you still can if you can do it through your 30s sprinkling in some retirement here and there while you work remotely that's a lot better than waiting to be 65 to travel the world ice cream doesn't taste the same your body hurts most of the time so why wait the world is so vast and filled with amazement that even if you tried you wouldn't be able to get all of it in so figure out who you are and what parts of it would be right for you some people will find themselves on the other side of the planet in a different religion others will find themselves in their backyard you are where your feet are so walk to different places and see what it feels like rid yourself of any debt and do not incur new ones retirement as we've already established is about freedom and one cannot be free unless they break the chains keeping them constrained debt contracts are the modern day equivalent of slavery someone else reaps the benefits of your hard work by the time retirement rules around make sure that you're free from any form of debt if you're able to retire and escape the last thing you want to do is chain yourself back as long as you live remember that all deaths carry interest you first pay the interest and then you start repaying the loan do not put yourself in situations where you have to enslave yourself you only need three types of Investments easily convertible stores of value cash flow and appreciation of assets over the medium and long term you know people like to make investment for retirement sound a lot more complicated than it is so let's walk you through it once and for all convertible store of value so first you need to make sure the money you manage to save doesn't lose its value due to inflation so no just keeping money in the bank or under your mattress the alux rule to remember here money loses value over time unless invested the goal with this one is to have your money invested in something that you can easily turn into Cash fixed term deposits or fixed term government bonds suck because if an emergency presents itself it's going to be pretty hard for you to access that money same with real estate selling your home isn't going to happen overnight that's why most people invest in stocks or an index like the S P 500 because their growth will usually outpace inflation so at least the value is retained if the situation requires it you can easily liquidate as much as you need and have the money in your bank account the next day next up cash flow you still need to get a consistent flow of money coming in even in retirement owning parts of businesses you no longer play a part in managing owning rental properties or dividend paying stocks will allow you to use wealth you acquired to get yourself paid consistently our favorite is commercial property in City centers owning commercial property where the tenant is a bank or a pharmacy is one of the most stress-free cash flow plays they stick around for years self-manage and usually are pretty hassle free and lastly appreciating assets medium to long term so these are investments you make when you are cash abundant and you can afford to make long-term plays for great financial returns a good example is buying land if you buy it fairly cheaply now hold on to it for 5 10 20 years and then you exit every five to ten years you should check up on these and see if you still want to hold on to them or are open to New Opportunities anything that historically goes up in value over time can serve in this function but personally we'd rather own land forests Lakes than to Simply have this bucket of investment tied into let's say silver or gold and speaking of combining business and pleasure surround yourself with beauty invest in art you've worked hard to be able to get to retirement you're supposed to enjoy life at this point not contract and barely survive most of your life so far has been about the grind so you barely got around to enjoying the beautiful things to discover culture discover art discover beautiful buildings and while most people think of these as frivolous spending rich people actually treat them as Investments owning a Picasso not only enriches your space visually but also your bank account the misconception is that people think unless you are a billionaire or multi-millionaire there's no way for you to capitalize on investments like art because historically they've had a high barrier of Entry but not anymore I like sir our friends at Masterworks have made Blue Chip art investing available to everyone they hand pick the best selling artists based on historical data they buy the painting as a whole then break the ownership into Parts the same way a company would do with shares so instead of buying the entire painting you can simply own a percentage of a painting for as low as a couple of hundred bucks and when the painting is sold a few months or years later the profit is distributed among the owners owning a Banksy warholer Picasso has never been easier if you're ready to diversify your portfolio and add some beauty into your life while investing like the rich do go to alux.com Art right now because you're an a Luxor and they were kind enough to sponsor this video you get to skip the waiting list other people have to get on in order to have access to this kind of investment that's alux.com art or simply click the link in the description pure spending in check and you'll be okay the biggest killer of financial happiness is unchecked spending the best day of owning a boat is the day you buy it every other day you think about how you shouldn't have bought that damn boat you don't need jet skis you don't need fancy clothes or random toys you need peace not status as long as you spend less than the money you have coming in you will be okay my friend Mentor someone no matter what way you get to retirement you had to go through some things to eventually come out the other end along the way you learned so much there aren't many things out there as fulfilling as helping someone else achieve their potential or at least help them not make the same mistakes that you've made save them the pain the misery and some of the unfairness that you had to deal with choose them wisely make sure they're able to listen and are worthy of your time and wisdom the thing about success is that their success becomes your success that's why you feel excitement when your favorite sports team wins that's why we're so excited when we receive emails with your success stories at contact alox.com we've built this entire business on the premise of helping others and it's proved to be one of the most rewarding things we've ever done right now the thing about mentorship is that there's a physical limitation to the number of people you can mentor and your expertise will go on with them with writing at least in theory it'll last forever writing a book any kind of book is one of those Legacy plays everyone should consider if not for the masses at least for future Generations in your family to know about the way that you saw the world what life was like day to day and the kind of problems and joys you encountered you might think there's nothing particularly interesting going on in your day-to-day life right now but 100 200 300 years from now the world will look completely different which will make your present life extraordinary in contrast this is why we visit museums or watch documentaries glued to the screen what seemed mundane back then becomes extraordinary in the present so write a book a Luxor and you know try to make it a good one enjoy The Art of Maintenance home and body more time on your hands means more time to look around and see what needs to be done three things every person should get good at number one fixing their environment get good with your hands be able to fix things around the house learn how to use tools and not having to rely on someone else it gives you a feeling of Independence and control over your destiny number two learn food learn to grow it but even more importantly learn to cook it people always gather around food the best nights you'll ever have in your life will be around food with your family and close ones give them a reason to show up and lastly number three healthy lifestyle with friends think about picking an activity that isn't stationary swimming for example is great for your joints mobility and weight control it keeps you young golf is another great activity where you get to spend a lot of time in nature basking in the sun while surrounded by friends that you can banter with this is why most rich people go golfing fix yourself and level up retirement moves the focus from solving other people's problems to solving your own turns out you're actually better at the first one than the second you've actually gotten away with most of it because you were so busy with work but now the negatives have become apparent to everyone else including yourself it's time for you to become the main focus of your efforts at alux we believe in what we call the five pillars of a good life wealth Health relationships intellect and the ability to control your emotions without all five of these your life can spin into chaos your money won't matter if you lack health and a supporting family it's also pretty hard to focus on internal peace if your kids don't have food on the table and you need all five of these to win the proverbial Game of Life everything we've done at adelox slowly and strategically builds you up in all five pillars so if you want to go after all five of them the smart way go to alux.com app and download the alux app we built it specifically on the five pillar framework only actionable and practical advice from industry experts designed to help you level up 91 of our app users have either achieved their primary goal in life or since getting the app have made substantial progress toward it it only costs 99 a year and it will pay for itself almost immediately download it by going to alux.com app and you'll see what kind of impact it'll have on your life Focus on the Family retirement allows you the opportunity to spend that time you always said you wanted to spend with your kids or your partner the biggest mistake that parents make is thinking they can buy their kids a happy childhood oh how much their mistaken here the kid is not going to remember the car or even the home as much as they'll remember those few instances where you really saw them when you were there for them when you made them feel safe and happy happiness is the result of moments well spent together in the process of building most people forget what their Partners or children need when you don't know what to do you end up doing more of what you know so most people bury themselves in work to make more money thinking that the money will somehow make up for their emotional absence once out of that Loop it doesn't feel comfortable starting over but that's what you must do it's the same with the few who are lucky enough to still have their parents alive statistically how much times you think you'll physically be able to still see your parents two or three times a year maybe how many years do they have left that number is a lot lower than you thought it would be isn't it so be present a luxer do the little things go on an adventure with your kids romance your partner cook a meal with your mom and drink a beer with your dad it might be that one moment that you look back on for years to come top 100 everything in terms of splurging we live in the Golden Age of content right your mind is ready to be blown away and taken on a million trips if you've caught the time if you've got the time read the top 100 books watch the top 100 films listen to the top 100 best albums of all time play the top 100 video games every single one of these is going to allow you to experience a different life you'll laugh cry gasp be frightened and more from the comfort of your retirement when was the last time you really immersed yourself in a good book or a film without letting reality creep in look for great stories and follow these great storytellers you're in for a journey my friend sit around and do nothing the Italians call it Dolce it means the sweetness of doing nothing our entire culture has brainwashed everyone into being these Ultra productive machines where the grind is non-stop hustle culture will have you spending more time making your bed than you spend sleeping in it it's all artificial chaos if you zoom all the way out of that and zoom into the little things you'll realize life is more like poetry than a game of Tetris flowers smell really nice the Summer Wind feels different on your skin coffee tastes differently being able to do nothing went from something the poor did to something only the super rich can afford to do and they don't even get it right our minds and souls open when we stop looking into the past or the future and instead just look around us where the lens of appreciation you're one of the lucky few who get to see the day of retirement take every day in and when you're done doing nothing do that one thing you always regretted not doing for some it's learning to play an instrument for others it's mastering chess running a marathon painting photography learning French getting a black belt in Jiu Jitsu we're seeing all seven wonders of the world whatever it is just do it no time like the present sure it might seem kind of silly at first to start as a beginner at this stage in your life but by now you've acquired an emotional maturity to know that the rest of the world doesn't really care or think that much about you you are free from that you're pretty much doing this alone for yourself and you're having a wonderful time doing it and finally plant a tree in the shade of which you will never sit if you were fortunate enough to retire and there's still some excess time money and energy well there's nothing greater than paying it forward for future Generations if you've got the brains for it solve the problems in your community if you still got the appetite for more expand build things that will Outlast you there's always a need out there in the world so find one that you have the power to alleviate and then do it don't give them fish build fishing boats or fishing rods and teach others how to use them or build them themselves this is why last year we built the first alux International School in Uganda a project that we hope to be the first of many before the end of the year we're hoping to provide water to multiple communities in Burundi the world's poorest country do things that are in your power even if they're small your life will expand in more ways than you could possibly think if you've not hit your retirement number or age just yet don't worry you're gonna get there but we're curious to know which of these 15 do you look forward to the most let us know in the comments Alexa and for those of you still watching we've reserved a special bonus figure out your relationship to the universe some will call it spirituality religion or faith you can call it whatever you want as long as you make peace with it find your God even if it stares back at you when you look in the mirror find your God even if it's the Sprout from a seed you plant even if you're an atheist behave like there's more to the universe than meets the eye at least that's a more interesting open-ended question to leave unanswered live a life worth remembering a lock sir we hope you will and at least one of these ideas in this video has sparked something in you if it did write the word spark in the comments so that way we know our videos are helping you to move forward in life thanks for spending some time with us today Alexa we're so glad you did if you found value in today's video please give us a like hit that Bell icon to never miss an upload and hey don't forget to subscribe thank you

Channel: Alux.com

Views: 83,865

Keywords: Alux, Alux.com, Alux Youtube, fine living, retire, retirement, retire rich, retire wealthy, retirement strategy, retirement investments, retirement planning, retirement travel, retirement crisis, what to do retired, how to retire, after retirement, early retirement, what to do in retirement, retire early, retirement plan, how to retire early, retirement planning for 45 year old, retirement planning at 55, best retirement video, retire youtube, best retirement strategy

Id: KLlJSvNwbVY

Length: 20min 35sec (1235 seconds)

Published: Sun Jun 04 2023