Retiring early (or on time!) can be one of life's great challenges. Balancing your money between investing for 'tomorrow' and spending on 'today' is a hard one, as most people choose to spend their money today.
However, if you organise your finances correctly then there's every chance that you can retire early and enjoy the rest of your life.
Here are three reasons why I think it's worth retiring early:
Become a full-time investor
Most people's final job is to become a full-time investor with their own money. It's hard to find the time to manage your investments when you have other commitments such as work but retiring would give you that time.
Understanding your investments (and potential investments) is really important for your investment returns. You would have the time to read why The Reject Shop Ltd (ASX: TRS) has fallen so much, why Challenger Ltd (ASX: CGF) & NIB Holdings Limited (ASX: NHF) could be good investments, or why a housing bubble popping isn't good for anyone.
More time for you
Life is full of obligations and necessary tasks. Although these don't totally disappear in retirement, some of them do. Retiring early would mean you get you do exactly what you want to do when you want to do it, rather than having to follow the typical work week. You could decide to fly on a Qantas Airways Limited (ASX: QAN) flight, or go to a Crown Resorts Ltd (ASX: CWN) hotel whenever you wanted to.
Plus, if you do manage to reach a level of wealth where you can retire early then you can choose to keep working. You could even choose to move into a less well-paying job but one that you love doing.
Life is in your hands
I think having your finances completely sorted is a very empowering position. Not having to rely on your next work payment, government payment, or money from your parents is a good position to be in.
Being self-reliant and independent means you aren't at risk from redundancy, a government cut, or your parents running out of money. You certainly won't need to get a loan from a business like Commonwealth Bank of Australia (ASX: CBA) or Cash Converters International Ltd (ASX: CCV) ever again.
Foolish takeaway
Those are just three of the many reasons why you should retire early. There are lots of good reasons why you should retire and enjoy the rest of your life.
The only real way to retire early is to invest in growing companies like these three growth stocks which will bring you and your portfolio closer to your retirement.