Financial Planning for Early Retirement: Are You Ready to Quit Your Job?

In this episode, we help answer the most common question that we’ve been asked by listeners, “How can I invest in real estate to help me leave my job or retire early?”  We explore some big ideas around the emotional and logical sides of considering an early retirement including questions to ask yourself before deciding to quit or retire, whether you should focus on replacing or adding to your current income, how to determine if your financial plan is adequate enough, as well as what to do with your commuted pension.  

What you’ll learn: 

• How to decide if you should retire early? 
• The two big ideas you need to address before you can decide to quit your job; 
• Can you use real estate to replace your income?
• Should you add to your income or replace your income first? 
• What should I do with the commuted value of my pension?

Resources: 

• Switch: How To Change When Change is Hard [Book]
• The Invested Teacher Wealth Building Booklist
• The Infinite Banking Concept page on the Invested Teacher website
• Download our Wealth Building Blueprint

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If you listen to podcasts like The Rational Reminder with Ben Felix & Cameron Passmore, The Canadian Investor, The Canadian Real Estate Investor, Build Wealth Canada with Kornel Szrejber, ChooseFI with Jonathan Mendonsa & Brad Barrett, Afford Anything with Paula Pant, The Ramsey Show with Dave Ramsey, BiggerPockets Money, The Money Guy Show with Brian Preston & Bo Hanson, Invest Like the Best with Patrick O’Shaughnessy, Masters in Business with Barry Ritholtz, The Wealthy Barber Podcast with David Chilton, Financial Audit with Caleb Hammer, In the Money with Amber Kanwar, The Loonie Hour with Steve Saretsky, or More Money Podcast with Jessica Moorhouse — we’re confident you’ll enjoy Canadian Wealth Secrets too.

Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.