Parents share a universal hope that their children will live happily ever after, with minimal worries and the ability to be successful as adults. Every parent tries to give their child a strong moral foundation, as well as the necessary life skills to thrive and be independent.
Unfortunately, raising a child is akin to painting a picture stroke by stroke, in strange combinations of colors and hues, without knowing how the final image will appear when complete. We have our children for only a brief moment, and can only hope that our gifts to them will be sufficient to sustain, protect, and comfort them when we are gone.
For most people, the ability to retire early is a result of choices made in their early working years plus the choices about the desired lifestyle they hope to enjoy after ceasing employment. The combination of the cost of the lifestyle you desire and the years remaining after you stop working drives the amount of investment capital you need in order to maintain the lifestyle you want.
The age at which you can enjoy freedom from full-time employment with some degree of security is dependent upon the following life choices:
Disappointment is part of life and affects everyone. Picnics are spoiled by rain, parents miss school events and birthdays due to late flights and business emergencies, friends can’t come over. Read my MoneyCrashers article to see how you can help your child cope with disappointment and failure to become a resilient adult. My 6 Tips will guide you in the emotional moments and help you teach your child important life skills.