👵How to Retire Early in 10 Years on $80k Forever (Yes, Really)

Lifestyle Business School

Want to retire early in 10 years, and live on $80k forever?
With a lifestyle business, you can.
[Read the full blog post here].
People want a quick win, and the industry sells the pipedream of a gazillion dollars in two seconds.. but if you’re willing to develop the skill of being a course creator?
A LOT can happen in 10 years ⌛️
A. LOT.
Here’s the cliff notes:
Invest $10k a month from the profits of your high cashflow online course business for 10 years (instead of spending it on Gucci bags, a big team or lifestyle creep).
At year ten, you can retire with $2m in the bank.
You’ll take $80k a year for the rest of your life without depleting the balance.
Here’s your road map for retiring in 10 years, if you start today 🗺️:
1️⃣ Commit to developing the skill of being a course creator. Create one flagship course.
2️⃣ Develop your skills to sell 300 a year at $1000 each. That’s $200 - $300k. Spend one third of that on expenses/tax, a third on your salary and set a third aside ($120k a year).
3️⃣ Invest the one third you set aside into assets (eg stocks, property). In ten years assuming a 10% average annual return, you’ll have over $2million.
4️⃣ At this point, you’ll have the option to retire early. Spend 4% a year each year after that forever and you’ll have $80,000 in annual income without depleting the balance (Google the 4% rule).
5️⃣ But if you do it right? You’ll probably still be loving what you do so much you don’t even WANT to stop anyway.
This, my friends, is what it means to build a lifestyle business.
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