dinah chutz mini retirement

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.

SEE ALSO: If you want to retire early, follow these 6 savings life hacks from people who actually did

DON’T MISS: What a dream retirement plan looks like for 12 of the richest CEOs in America

Mark and Amanda Tew spent six years paying off debt, living frugally, and saving $30,000 to live in Nicaragua for a year — and they didn’t …read more

Source:: Business Insider


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