Careers Focus: Retiring Before 50 Without Millions
Wednesday, 4 September 2024, 03:08
Careers and Early Retirement
Sonia Smith has extensive knowledge of how to make her dollars last a lifetime. The 47-year-old former accountant retired from her 9-to-5 job in June, but Smith didn't have the $1.5 million in her bank account despite what some Gen Xers think is needed to retire before 50.
Alternative Income Streams
- In 2019, she began working for a multi-level-marketing cosmetics company to earn income outside her corporate job.
- Smith aimed for a reliable monthly income from her makeup business.
Her story illustrates that with a strategic approach to careers and income diversification, achieving early retirement is not just for millionaires.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.