Early retirement isn’t always feasible for some people.
Instead of an early retirement or end-of-career retirement, they opt for a mini-retirement, a series of meaningful respites away from their job.
Five people who have taken mini-retirements share why they did it, how they did it, and how they’re spending their time.
Ultimately, they were able to save money by sticking to a budget, living a minimalist lifestyle, and picking up side hustles.
For some people, early retirement just isn’t feasible. But neither is the rat race.
That’s where a mini-retirement comes in.
Coined by Tim Ferris in his book, “The 4-Hour Workweek,” a mini-retirement is a series of meaningful respites throughout your life in which you take a break from your career, rather than taking one final retirement at the end. It’s a time to step away from your typical routine and create a blank slate.
Most mini-retirements involve travel — not a holiday, but a relocation for at least one to six months before heading back to home base. But really, a mini-retirement can be whatever you need it to be.
The only challenge can be saving enough money to get there.
Take a cue from these mini-retirees below, who share why they took hiatus from work, how they saved money for it, and how they’re spending their time.
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Source:: Business Insider