Beating the Retirement Myth: How to Retire Rich and Retire Young

Beating the Retirement Myth: How to Retire Rich and Retire Young

how to retire rich and retire youngIf you are currently working for anyone other than yourself you could be doing life much, much better. You’ll never know how to retire rich and retire young when you’re working all your life getting paid to build someone else’s passion instead of building your own.

How many of us are guilty of putting off until retirement things we could easily be enjoying today? I’ve heard friends talk about cross country road trips and incredible travels they’d love to do “someday”.

What if I told you that the mindset most successful people have is to live in the NOW?

In this article I’m going to show you exactly how to stop putting off your dreams and give yourself the opportunity to start living NOW by working for yourself. If you’re interested in beating the retirement myth, this article may be an eye opener for you.


How to Retire Rich and Retire Young


How to retire rich and retire young


Why do we all buy into the idea that we should work 40 years of our life for someone else? Why is it ok to make 40% less in retirement than we made while we were working?

Too many people romanticize this idea that they’ll finally follow their passion once they retire. But the numbers just don’t add up.

Take a look at these stats and think about the volumes they speak for the average career lifespan:

  • Average age to get first job in U.S.: 19
  • Average age to retire in U.S.: 63
  • Annual income while working in U.S.: $51,939
  • Annual income in retirement in U.S.: $31,742

Can you live out your retirement dreams on $31,724/yr.? Further, how are you supposed to survive on 60%?

Working all your life for someone else is a failing business model.

How to retire rich and retire young


Build a business around your passion and beat retirement


Instead of trying to find the fairy tale career that allows you to retire young and live the rest of your life traveling the world with incredible benefits (ain’t gonna happen), why not build a business around your passion that you never have to retire from?

Retire from the antiquated idea of working for others and think like the “New Rich” and work for yourself.

The New Rich find themselves liberated from that mindset. They turn into reality all those dreams so many put off until retirement but never get to actually do. They turn the internet into a consistent tool that builds income.

They have retired from the status quo and begin their own journey following their dreams.

Traveling the world…
Driving across the country in an RV…
Having breakfast in Paris with a loved one…

Why do we tell ourselves these goals are so unreachable?

Should we believe that these goals can only be achieved after the death sentence of 40 years of working toward’s another person’s passion?

Why not create the right entrepreneurial mindset to build a business around your passion? Why not call the shots and make the hours so there’s no boss to answer to except the one in the mirror?


How can I build an online business?


The first step to building your online business is finding your niche. And remember, no niche is too small no matter how specific your idea is.

Don’t think in broad, general terms for your business. You have a target audience to go after so be specific. Any of the following ultra specific niches would be a great one to build a business around:

  • Living a fit life over 40 teaching yoga
  • Teaching life lessons and building confidence with kids under 10 through coaching>
  • Creating home improvement and DIY repair videos
  • Teaching moms how to make their own clothes for newborns
  • Demonstraing tips and tricks for taking the best digital photos

Still stuck? Read my article “How Can I Build an Online Business? Step 1: How To Find Your Niche Market” for a better understanding.

No matter what niche your passion falls in, and no matter how small you think it might be, there’s a target audience you can reach online. As a result, there is money to be made.

Think of every time you’ve used Google to search for something.


How to retire rich and retire young


Google instant is the name for that feature we all know and love where google uses the most common searches and tries to finish what you are searching for as you type it in.

Think about how profitable it would be if there was a tool that told you what your target market was searching for.

There is.

Take it for a test drive and try it for yourself in my article “What is the Best Keyword Research Tool for SEO You’ll Find Online? Your Golden Ticket is Here!”.

Further, no matter how small you think your niche is, there are 3.5 billion internet users out there and odds are there are quite a number of them searching for what your business offers.

When you build your own online business, not only can you make money from anywhere in the world with it, but because online businesses run 24/7 you never have to retire from it.

You can target the audience interested in buying the services you offer. They’ll also buy products and services offered by other merchants who you promote.


How to build your website for a business


No matter what your passion is or what target audience you’re after, your website is the foundation you’re building your online business upon, and where you build it matters.

I recommend getting very familiar with Wealthy Affiliate. It’s a free website building and training platform that consistently gets your site to the front of google searches without taking shortcuts.

As a result, there are countless testimonials from Wealthy Affiliate users that speak from the heart.


How to retire rich and retire young


Read my Wealthy Affiliate review along with more testimonials from successful users and then try it for yourself free.

With the right tools and the right entrepreneurial mindset, you can set yourself up for success. Find yourself ahead of the game understanding how to retire rich and retire young and get out of the dead end loop everyone else finds themself in working for other people.


Feedback


What questions do you have? Are you unsure about your niche? What’s your passion? I’d love to hear where you’re coming from and no question is a bad one. Tell me your story in the comments below. I’ll show you exactly how the steps are ready and available for you to start growing.

24 Comments

  • Joe says:

    Hi Eric,
    I was talking to my partner yesterday about not putting off our dreams. We are trying to put together a sound plan for realising them. I’m also fleshing out an online business or two in the hour of making some extra pocket money from that.
    You write an inspiring article
    Thanks
    Joe (also a firefighter/medical responder!)

    • Eric Cantu says:

      Small world, brother! In what part of the world are you working? Always happy to meet another firefighter. If you want my absolute top recommendation for training when it comes to building an online business I’ll point you to the training I received myself. You can read my full review here. In my opinion it’s the best training platform out there, brother. Try it free and see if you like it. If you have any questions at all, just ask away. I’m here to help! Thanks again for the comment! Hope to hear back from you.

  • henryan says:

    I agree with you Eric. Retire while we young and also rich its the best way to enjoy life. I just started my website. Now try to get rangking on google . nice post you have about wealthy affiliate.

  • Luis says:

    Hi Eric,
    Wise words. I can’t imagine myself working for someone for such a long time. I need to start developing plans for the future where I can enjoy a happy and comforting retirement. I’ve been a Wealthy Affiliate member from your recommendation and I must tell you THANK YOU! The things I’ve learned are really eye opening. I would recommend it to anyone willing to give Online Business a chance.

    Thanks,
    Luis

  • Aisha says:

    Thanks for sharing your insight on this, really appreciate. There is nothing as powerful as creating your own business. But I guess the challenge of starting and maintaining ones’ own business is what scares people away and hence rely on other people’s dreams and help build other peoples’ dreams year in year out. Great insight…I hope a lot of people learn from this post and take action…

  • Hey Eric,

    Great post. Those stats should speak volumes to people who are stuck in a job they hate! Get out now and live your life. It’s time.
    Wealthy Affiliate is shaping my dreams. Keep up the great work mate 🙂

    Kev

  • Kevin Meyer says:

    Hello, Eric
    Thank you for providing another avenue for me to acquire another stream of income. I was blown away at the statics you showed on your website.
    I have a friend who just got involved with Wealthy Affiliate and he loves it. I’m thinking I need to look into it too 🙂
    Thank you for sharing your view of Affiliate Marketing.

  • Linda Watson says:

    I so wish I knew this back in my twenties. And I wish I had something like Wealthy Affiliate to take me by the hand and show me how to do it. Great article and I’ll share it with the young people I know. I’m still on a path to retire ‘young’. Younger than 67 years old for sure! I hope your readers act on this information, it’s so important.

  • Lindsey says:

    This is a really great article. Too many people don’t realize that working an entire career for someone else just won’t get them the life they want.

  • Ryan says:

    The myth is broken. I had never seen those statistics before, but everyone should have to read those stats and journal about how those stats make them feel. That’s a very bleak outlook. I’m glad I was fortunate enough to realize I needed to be part of the New Rich! I think everyone can make this happen for themselves and you are 100% right that Wealthy Affiliate is the best place to gain the knowledge and get the support of an entire community to aid them along their new venture. You write with a superb combination of passion and wit.

  • Nick says:

    That is a fantastic direction you are pointing us in. I have heard alot of good reviews on Wealthy Affiliate.

    Those statistics that you had at the top of the article… are those for real? How is anyone to survive off of 30k. Especially with inflation.

    • Eric Cantu says:

      It’s scary ain’t it? We’re part of a system where we give and give and give, working toward someone else’s passion, and in the end there’s not enough there to make all that giving worth it. People need to wake up and start working for themselves!

  • Furkan says:

    I actually try to grow my traffic, it is not easy task but I will do it 😉 For living the dream of my life I just need do it and I heard wealthy affiliate before I will read more about it.

    • Eric Cantu says:

      Nothing that’s truly valuable is every attainable overnight. Keep working at it. Create content that is valuable to the user and you’ll see your traffic grow. Wealthy Affiliate gives so much training on how to do just that and how to enable the scenes stuff like SEO and keywords so that our site and google develop a very close relationship. This site is a testament to everything I’ve learned. Thanks so much for the comment brother!

  • David says:

    I have travelled the world in my early years as a Marine but then we didn’t even have laptops then. Lol. We have come along way and your blog shows that with the right tools anyone can do this. I think you hit on all the bases and really hit home when you say we work for 40 years and then that’s it. The reality is we are in a new age where younger people see how disappointed parents are who worked for decades and have nothing to show for it. The days of being faithful to one company or any company are quickly becoming a thing of the past. By learning how to create your own business you can take the power back and start create your own destiny. I like this post and how has the Wealthy Affiliate worked or is working for you? Great post!

    • Eric Cantu says:

      You’ve hit the nail on the head. This is a new generation and there should be no more bowing down to the status quo.

      Wealthy Affiliate is an incredible tool. This entire site owes everything to WA. I would have never been able to create something like this without the training they’ve given me, and it’s only the beginning 🙂

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