Planning Is Essential To Retire At 40


At Chiang Mai Airport

We were at Chiang Mai airport (northern part of Thailand) when I saw a book in a bookstore section of the airport.

It has a catchy title Retired by 40 and was written by a Thai author who has many businesses and was apparently retired at 40.

I started to flip a few pages and see the table of contents. The author spoke about how to retire young by creating regular passive income in order to achieve financial freedom.

“This is so inspiring!” I told myself.  “But I only have a few years left to retire at 40.”

“How much is it?” I asked the lady.

“It’s 540 baht sir” (about 16 US$ ) she replied.

I told the lady I will go back to see her in a while as  I went to approach my wife who was sitting in the departure area with our two children.

“Mommy, I will show you an interesting book,” I told my wife. Then we went back to the bookstore.

“Do you like it?” she said.

I said, “Yes.”

Retiring at 40?

My wife bought it for me as a gift. While waiting for the airplane to take off, I almost read half of the book.

I started thinking about how the Thai author managed to retire young.

I pondered.

I invested in the stock market and mutual funds a few months ago.

Apparently, the author started investing when he was young. He’s been doing many businesses and has created passive income at a very young age. No wonder he is a billionaire now.

I remember when I submitted my application at COL Financial (my stockbroker company in the Philippines). It was already approved two months ago, but I never funded the account.

I received an email from the stockbroker reminding me that the account will be deactivated if I did not fund within three months.

I immediately sent money after I received the email.

Ang tawag saken sa madaling salita eh “procrastinator.” Ganun ka rin ba? Hopefully not. Do you have plans in mind that you have not started yet? You’ve got to do something. Yes, what you need is to take action no matter who will be the president of the Philippines.

Plan for your Retirement 

A number of people had been disappointed when President Aquino has decided to veto of a higher Social Security System (SSS) pensions. Needless to say, even extended families are affected.

How old are you now? Do you know anyone who has actually retired at 40? Do you want yourself to retire at 40? It may seem hard to achieve a decent retirement but its possible. It is important to set your specific financial goals, develop a habit of savings, invests early, and use your God-given talent. To retire young certainly needs a strong commitment and a lot of dedication.

If I started investing earlier, I could retire at 40 while enjoying financial freedom. But it is not yet too late. Find a mentor like the TrulyRichClub who will guide you along the way as you begin your investment journey.

The bottom line is: the best asset in investing is time, and the worst enemy is procrastination.  In terms of retirement, I see wisdom in this quotation:  The best time to plant a tree was 20 years ago. The second best is now.

Commit to the Lord whatever you do, and he will establish your plans. Proverbs 16:3, NIV

This post was first published on the author’s blog richlyblessedtoday.

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Jun Amparo

Jun Amparo

JUN AMPARO is the author of two inspirational books about personal finance and marriage.  He is nominated as Huwarang OFW 2019 organized by The 700 Club Asia and is pursuing his doctoral study in education. Presently, he is working as a university counselor and lecturer at Asia-Pacific International University in Thailand.