Thinking of early retirement? Be aware of these shortcomings. Many people have negative views about young pensioners: they are spoiled. They are lazy. Their parents helped them. They won the lottery. But none of these things apply to me.

I grew up in a middle-income household. I worked hard to earn good grades and pay for college. I was the first in the office and the last one I left. Of course, I was lucky when I landed on a high-paid investment and in some of my investments, but lived a modest life and I was always keen to stay on top of my finances

All this played a huge part in my early retirement in 2012 year, at the age of 34. When I left my job, I earned a net worth of about $ 3 million, which generates approximately $ 80,000 in annual investment income

I will not lie: Early retirement is a dream come true. I gave up a healthy six-figure salary, but in return I got something invaluable: Freedom.

People told me I was crazy to leave high-paying jobs at such an early age, but I was completely burned and felt tested. disappointed by my industry. I have never expected how unhappy I will work in finance, especially after the financial crisis.

Early retirement is not for everyone. But from my experience, the pros outweigh the minuses. I'll wake up whenever I want. I no longer have to endure unproductive meetings or resign myself to criminal colleagues. I traveled with my wife in more than 20 countries, I wrote a book on how to negotiate and train tennis in high school.

I also became daddy in 2017. Being a parent is the hardest time I've ever had; doing this work in investment banking for 13 years I feel like a walk in the park. Here are the five features that you may have

I will admit that there are several disadvantages. (Finally, I understand why researchers say that no matter how much of the impetus we get in freedom or money, we eventually return to the normal start of happiness.)

In a CompHealth survey for 2017, 68% from the 400s later Caretaker doctors said they were not excited about their retirement. Some of the greatest concerns include loss of social interactions at work, loss of purpose, boredom, and depression.

These are the biggest early retirement negatives that nobody likes to talk about:

1 You may suffer from an identity crisis.

One of the most frequently asked questions that people ask when they meet for the first time is: "What do you do to live?"

When you have spent the last decade working in any job may be incredibly violent not to identify yourself as a marketing expert, investment specialist, or management consultant.

Only after I left my job I realized how much I was obsessed with my profession. I often wonder: How does business do without me? I've been there for 11 years. Did they really survive without my experience?

But after months without emails or phone calls that asked me to come back, I finally accepted the fact that I no longer needed it.

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2) You can guess by yourself. you made the right choice and sorry for all the money and status you ignore.

I still had a mortgage to pay and I worried that I made a serious mistake. But after a while, my retirement plans became clearer. I started writing more about the financial samurai, the personal financial website I started in 2009. It was a cathartic way to deal with stress and insecurity.

Fortunately, after I wrote three times a week in the last 10 years, the financial samurai increased enormously. I have reinvested 100% of the profits he has made and generated a decent amount of passive income.

3) People can treat you as being inconsistent. Or maybe they're secretly jealous that you do not break up for one-day work. Whatever the reason, people will not always give you the same respect as the working class citizens.

After all, I was tired of explaining why I had retired earlier or that I was not a trusted fund. To keep the discussion simple and regain social identity, I would just say I'm a tennis writer and coach. Privacy Policy, This $ 13 million Private Private Island near Manhattan is for sale

4) You will be surprised that you are not much happy.

Many people think that once they have achieved financial freedom or leave a job they hate, they will be more and more happy. But, as I mentioned earlier, research has found that any significant increase in happiness is only short-term.

A scale of 1 to 10, my level of happiness sharply jumped to 10, after I managed to negotiate a pretty solid break. It was enough to pay five-year living expenses. But not so long after this check hit my bank account, I returned to my normal base for happiness after retirement.

5) It can be really, really bored.

to complete the season of your favorite TV show. You're glad there's a nice end, but you're too sad that it's over, and you have to wonder what's next.

With an additional 10 to 14 hours of free time each day, my productivity suffered and I became less motivated to achieve big wins. It did not help that none of my friends or ex-colleagues could come out. There were no corporate holidays or different client events. Believe it or not, I really enjoyed these things!

I am now trying to attend various meeting events to create new friends, but my social life consists mainly of people I encounter through tennis and softball. 19659006] Only after three years when my wife joined me in early retirement, my boredom began to distract. We have made many trips, but more importantly, we have become parents who have renewed my sense of purpose. Jaws, Batman, Finding Nemo and more: The biggest summer blockbuster every year since 1975

Early retirement will not solve all your problems

Here's the truth: If you are Unhappy before you retire earlier, you'll probably be unhappy after retirement. It is better to find out what is at the root of your problems and first to fix them. Then have a clear vision of what you are actually planning to do when you retire. Otherwise, you simply treat retirement as a crutch – and this rarely happens.

  • After seven years of retirement I finally found my song by regularly doing things I like:

    • Writing a Financial Samurai
    • ] Investing in Real Estate
    • Coaching at High School Tennis
    • As a husband and parent

    (I think the first two are hobbits, though I earn money from them.)

    Early retirement is not an elixir of eternal happiness, but it certainly beats a trip to work and a meeting all day !

    Sam Dogen works in investment banking for 13 years before he starts Financial Samurai Personal Financial Site He received BS in Economics from the College of William and Mary, an MBA from the University of California at Berkeley, and was presented in Forbes, The Wall Street Journal, The Chicago Tribune and The LATimes

    © CNBC is a US TODAY partner who offers financial news and comments, and its content is produced independently of USA Today.

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