Have I Retired and Gone Traveling
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Most retirement gurus think it's good to have a few streams of passive income, if you want to retire early. For instance interest, rent, dividends. I have to agree with that.
If you don't rely on one source only, things look bright for the future. You labor work can only bring you in so much and it's endless and offers probably lower income with more work.
Cheers from Bali,
Chris
http://www.nomad4ever.com
Life is what you make it!
"In the time of my confession,
in the hour of my deepest need
When the pool of tears beneath my feet
flood every newborn seed
There's a dyin' voice within me
reaching out somewhere,
Toiling in the danger
and in the morals of despair.
Don't have the inclination
to look back on any mistake,
Like Cain, I now behold
this chain of events that I must break.
In the fury of the moment
I can see the Master's hand
In every leaf that trembles,
in every grain of sand.
Oh, the flowers of indulgence
and the weeds of yesteryear,
Like criminals, they have choked
the breath of conscience and good cheer.
The sun beat down upon the steps
of time to light the way
To ease the pain of idleness
and the memory of decay.
I gaze into the doorway
of temptation's angry flame
And every time I pass that way
I always hear my name.
Then onward in my journey
I come to understand
That every hair is numbered
like every grain of sand.
I have gone from rags to riches
in the sorrow of the night
In the violence of a summer's dream,
in the chill of a wintry light,
In the bitter dance of loneliness
fading into space,
In the broken mirror of innocence
on each forgotten face.
I hear the ancient footsteps
like the motion of the sea
Sometimes I turn, there's someone there,
other times it's only me.
I am hanging in the balance
of the reality of man
Like every sparrow falling,
like every grain of sand."
- Bob Dylan - Every Grain of Sand
from Shot of Love - 1981
I think my income off my internet page could be called passive income, and for sure it is 20-50 times easier than rental property. I owned over 30 rental property, extreme amounts of work and a ball and chain around my ankle.
I start business, I invest in myself, I personally do not think much about investing in other things, only myself.
My outline above though pretty much outlines retirement to me, then again, I do not realy care, nothing would change, I would get up the same time, I would do the same, I am doing 100 percent what I want to do.