I retired at 34 with $3 million—here are 7 benefits of early retirement I didn't expect. (via CNBCMakeIt)
. At the time, I was married and had amassed a net worth of about $3 million that generated roughly $80,000 in investment income per year.
I'd be lying if I said that early retirement turned out just as I expected. There are many downsides that people rarely talk about . You may constantly second-guess your decision, get depressed for an unknown period of time, feel like a misfit or often worry about running out of money. I started to visit and talk to them more often. It made me realize that the younger you are, the more important it is to spend time with your parents. If you don't, you might regret it when they're much older and their health declines.
While it wouldn't have been impossible to be a working parent, I'm grateful that I can fully commit to fatherhood and spend more time with him before he goes off to college. They grow so fast!When I was still working, I suffered from lower back pain and sciatica — both of which were caused by prolonged periods of sitting. For years, I couldn't play my favorite sports because the pain from twisting my back was so unbearable.
If I can't figure it out, I'll head to the hardware store and consult an expert. Being self-sufficient is an important life skill that has saved me tons of money on property maintenance.Even though I was no longer working a full-time job, I occupied my free time with activities that I enjoyed, like writing more on, the personal finance website I started in 2009, and coaching high school tennis.
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