2020 is a wild year. Pandemics, protests, civil unrest, and martial law are “the new normal.” And if that doesn’t inspire you to pack your bags and fuck off to a warm tropical beach, I don’t know what will. Personally, I’m going to spend the remainder of my life having fun and doing what I want. If you want the same, this article’s for you. Because we’re about to analyze the math behind early retirement for single men.
Unlike most retirement or saving money posts, I’m going to assume that you want to live life to the fullest. This means travel, having sex, buying the stuff you want, and so on.
Because of this, we’re going to skip past all those boring calculations about how much you can save by eating scrabbled eggs three times per day, or how you can save $30 per month riding the bus everywhere.
Instead, we’ll examine how you can live very comfortably in Southeast Asia for $50,000 per year. And how you can create enough passive income to achieve this early retirement goal. That’s enough money to cover all your regular living expenses and allow for one or two major hobbies.
What $50,000 / Year Buys In Southeast Asia?
Making $50,000 a year in America means nothing. Making $50,000 a year in Southeast Asia means you’re balling out.
Here’s an example: You can live in Bangkok’s four-star Montein Riverside Hotel for about $1,200 per month, or $14,400 per year.
You get a fantastic room, swimming pool, gym, billiards tables, and other amenities for less than it costs to mortgage a house in rural Oklahoma. And, you still have $35,000 left over.
Of course, you could always go a little cheaper and get a room at the Adelphi Suites Bangkok. You’re still living in luxury with a pool, fantastic views, and an excellent location. But now you’re spending less than $12,000 per year.
That’s cheaper than a lot of crappy apartments in America.
Lifestyle
Okay, now that we’ve covered housing, let’s look at hobbies and activities.
Dating is pretty reasonable. You can easily meet girls through Tinder, Thai Friendly (which is free), or VietnamCupid. Going to Starbucks is a fine first date, and maybe sets you back $9. A good second date is drinks and Netflix. That’s $10 at most. All-in-all, you can easily go on 10 – 15 dates per month for less than $200.
In other words, you can have a very active love life without breaking the bank.
As for hobbies, these are reasonable too. If you like Scuba diving or surfing, there are tons of great spots throughout Asia. There are also plenty of cool sites for bird watching, motorcycle road trips, rock climbing, etc. And you have nice weather all-year, giving you plenty of opportunities to go out and have fun.
Unless you’re buying tons of equipment, most of these activities are pretty reasonably priced and you can do all kinds of awesome and fun activities for under $10,000 per year.
Early Retirement For Men: The Strategy Guide
Enjoying an early retirement really boils down to three simple things: Earning more than everyone else, Spending less than everyone else, and Investing the difference.
Do this and you’re set for life.
Earning and saving more is also easier than most people imagine. Gone are the days where getting rich meant climbing the corporate ladder or becoming a dentist. Thanks to the Internet, you can create profitable intellectual properties for almost no cost. eBooks, newsletters, blog posts, and special reports all bring in a steady stream of passive income. In fact, this is the exact wealth building system recommended by information moguls like Gary Halbert and Michael Masterson.
(Excellent Book For Anyone Who Wants To Get Rich)
You don’t even have to necessarily write your own books or create your own information products. Affiliate marketing is just as lucrative and some of he top dogs make millions each year promoting other people’s products. There are a ton of great resources about selling online, but Affilorama is my personal favorite.
Online sales is constantly changing, and this is a fantastic site packed with up-to-date information that keeps you fresh in the game.
You can sign up here for free.
Once you start making money online, it’s time to spend less.
A lot of people get that Internet money and immediately go out to blow it on cars or watches. Then they end up in debt, or constantly strapped for cash. Don’t make this mistake. Invest your online earnings into stocks or real estate. The money you put into productive assets compounds fast.
Let’s say you make an extra $35,000 per year affiliate marketing. And you invest this into dividend stocks or a rental property. Now, let’s say that your assets generate a 7% cash payout each year. After five years, you’re already making an extra $12,250 annually. If you never increase your income (highly unlikely), you still end up generating $36,219 per year after 10 years.
That’s still enough to live comfortably in most of the world.
Final Thoughts
Early retirement is entirely possible if you put your mind to it. You can live comfortably off passive income after 5 – 12 years of hard work.
Learn affiliate marketing, save your profits, and invest in productive assets.
That’s the blueprint. Follow it and you will enjoy your life to the fullest.