Think you've gotta be rich to retire early? Then you haven't heard Anita Dhake's story about how she was able to retire at 33.
Just to warn you, this podcast interview with Anita Dhake may make you want to hoard all of your money and live as frugally as possible so you can retire early too. From the sounds of it, early retirement does not disappoint. Who wouldn't want to live the life they want right now, instead of waiting until 65 or later?
As I mentioned in this episode, I stumbled upon Anita and her amazing story by just doing some research online. And I'm so glad I did find her! Not only is her story super inspiring, how she explains it, it's not that far-fetched. Yes, it helped that she worked as a lawyer and thus made a good salary. But still, early retirement isn't just something rich people can afford to do.
If you take some of her bits of advice, maybe check out the book she's read twice, and just have a plan and take action, you might be able to retire way earlier than you thought.
4% Rule Explained
According to Investopedia:
The four percent rule is a rule of thumb used to determine the amount of funds to withdraw from a retirement account each year. This rule seeks to provide a steady stream of funds to the retiree, while also keeping an account balance that allows funds to be withdrawn for a number of years. The 4% rate is considered a "safe" rate, with the withdrawals consisting primarily of interest and dividends.
Anita's Book & Blog Recommendations
Anita's Tips to Retire Early
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