YTread Logo
YTread Logo

5 Reasons To Retire As Soon As You Can | Wes Moss | Money Matters

Apr 18, 2020
Hi, I'm Wes Moss, welcome to West Moss. Money

matters

today. Five

reasons

why he should

retire

as

soon

as he can. If you answer yes to any of these questions, it may be time to leave and live the

retire

d life. Here's why. We're talking about this number one, really some people in America have heard this mantra, some people live - some people work to live and some people live to work and I think that's maybe an oversimplification. I think in real life I always go backwards. According to a Gallup study that I read many years ago and it continues to be updated, but the same data really still holds true in the United States and here is the data. 20% of Americans are fully engaged in their work, meaning they love their job. and they have a sense of purpose together 20%, so one in five, what about the other four and five?
5 reasons to retire as soon as you can wes moss money matters
Sixty percent of people call it three-five, take it or leave it when it comes to their job not to hate. but they don't love it, then there's another 20% of them and another 20% of them who hate their job so much that they're literally trying to bring down their company, they're trying to bring down their employer and really the way I look at this, if you're in any camp beyond the first camp, you're going to love it, so you're going to want to think about ways that you can stop working, retire early, and I've done that in a whole separate video on this. called how to retire how to retire early which you can find here on this channel but today it's really about these five

reasons

so the answer yes to any of these five questions really consider stopping working and number five we're going to talk about the financial aspects . part of this too, so number one if you turn on and we're in a city in Italy, the city of Atlanta, a lot of big metropolitan areas and like Chicago, like this, New York, Philadelphia, even Charlotte is Dallas, whatever, There are a There are many large cities that have terrible travel times.
5 reasons to retire as soon as you can wes moss money matters

More Interesting Facts About,

5 reasons to retire as soon as you can wes moss money matters...

Atlanta consistently ranks in the top three worst commutes in the world and I hear about this all the time, but wherever you are, if you are in a very busy and crowded metropolitan area, you may be in the same scenario, so the first question is : This is your trip, well, in 45 minutes, and that's each way, so an hour and a half in the car, this statistic is not shocking, but it is shocking, just the weight and if you are traveling. more than 45 minutes each way you are 40% more likely to get divorced 40% more likely to get divorced and it makes sense, I mean, think about all the time you're taking away from your family and your loved ones, which is What really

matters

?
5 reasons to retire as soon as you can wes moss money matters
If you answer yes to that question, maybe it's time to start thinking about how you can retire or stop working. number two, work is not healthy for you, which means you may have an irregular schedule, so theater yes to this question again, think about stopping work or think about I figured out a way to be able to stop working. Think about night shifts. My wife for a decade worked as a nurse and worked the night shift. Night shifts are a nightmare. You have a regular sleep. You can't establish sleep patterns. There's also a study on 28,000 people who worked on-call shifts, so they may be off work but they're on edge because they might have to come in, there are dramatically lower levels of happiness or higher levels of unhappiness that go hand in hand. with those irregular schedules and are constantly present. call if you find yourself in that situation start thinking if it's time to stop or leave number three if you don't like your job or you just hate it if the answer is yes and you don't have a sense of purpose and you just like it and you're looking at the clock , you can't wait to get out of there every day, then you start hurting yourself mentally and probably physically, and when it gets unhealthy and you're lost in that sense. of purpose and you find yourself and that Gallup poll and the one in five who hate your company so much you'd like to see them go down, it's time to move on to number four, aren't you appreciated at work if the answer is yes to that and it's time to go, you can't spend your work days with colleagues and superiors or bosses or anyone or clients who don't appreciate what you do if you haven't heard a thank you or a thank you in the last six months it's not an environment where you want to be, it's time to get out of number five, have you peaked financially, meaning there are no more upsides to your job?
5 reasons to retire as soon as you can wes moss money matters
They keep cutting your compensation plan, maybe your sales goals keep increasing, so not making more

money

becomes so frustrating that it starts to make work no fun at all, so here were five that actually lead to failure. financial part of this and I'll give you a preview of our video on how to retire early all about the five steps to the happiest retirees in the book I wrote the research I did in my book you can retire

soon

er than you think five secrets of

money

from the happiest retirees, but three of the centerpieces are: The number one happy retirees have at least five hundred thousand dollars saved in retirement assets or liquid money that can now generate income because that will be part of the equation and you have that liquidity and safety net to overcome 20, 30 and even 40 years of retirement.
There's no more. story, but that's the benchmark amount I think happy retirees should at least reach. It's the average net worth number for happy retirees. Number two, either you don't have a mortgage in retirement or your mortgage payment is looming. Retirees are four times more likely to be retired. happy if your mortgages within five years of payment think about that, getting rid of that burden, that important burden, that important payment that you pay every month to a big bank somewhere, you get used to it, because most Americans paying mortgages for decades, they almost forgot how incredibly great it is. is not having to pay more.
I can tell you that one of the biggest psychological boosts I see when it comes to financial planning or any type of investment management, when a family gets rid of their mortgage, it's a wonderful feeling to not have that payment anymore. have that mortgage payment number three multiple streams of income the first area $500,000 creates one stream of income using a couple of different rules. I especially like the four percent plus inflation rule, but multiple streams of income means your investment assets are paying you a certain amount you can have rental income you can and should have social security income you and potentially your spouse too maybe you have pension income veterans benefits any type of other income that comes in monthly the more and different streams of income the happier peace of mind you have in retirement I hope this is helpful If you answered yes to any of those five questions it's time to start really thinking about when you can retire.
Also remember to watch the video on how to retire early right here on the same YouTube Channel so you can have a happy and profitable rest of your day. I hope you found this video useful. There are many other videos on this page that will help you be a happy retiree. Just hit subscribe right below this video. You can find it or follow us. at West Moss Money Matters on Facebook or Instagram West Moths Money Matters and Twitter at West Moss 365 thank you very much

If you have any copyright issue, please Contact