How To Become Semi-Retired Right Now
You absolutely can do it. Just listen to Generation Z.
I hope you feel it the way I do.
There’s a movement happening in America. A movement away from the American dream.
For some, particularly young people, it’s forced. There’s no way around having to earn $167,000 a year to be able to afford a $500,000 home in the United States. Afford, as in, not spend more than 30% of your income on housing. No other way than to sell your soul to work and 30 years of a $4,000-$5,000 monthly housing expense.
For some of us—present company included—we just don’t have the capacity or will to do what it takes to operate at that professional and financial level. Generation Z definitely doesn’t. There’s zero shame in this. As a proud, young-at-heart member of Gen X, I definitely don’t feel any.
In a minute, we tie the experience many Gen Z people are having — are letting themselves have — to the concrete steps you can take to live the semi-retired life now. Or, at least, as soon as possible.
When you accept your reality, it’s human nature to seek satisfying alternatives. And the alternative an increasing number of people are settling on is their personal version of semi-retirement, not merely as a work arrangement, but as a lifestyle.
This said, there is a financial component to becoming and being semi-retired. That’s what we start to break down in today’s installment of the Living The Semi-Retired Life newsletter.