Rebalance Chief Marketing Officer, Lauren Simpson, explains how she plans on retiring early.
Transcript
Lauren Simpson: So I’ve learned that there are really three different levers that you can pull so there’s saving more money. And in trying to retire early, that has been a big component, is starting with a budget and then increasing your savings rate. The next lever is earning more money.
So if you get a raise or if you’re able to make extra money on the side, you don’t increase your cost of living. Instead you save all of that, but then there’s only so much money you can save and there’s only so much time in the data worked before you impact your own life. And so the third lever is growing your money. And that is something that I didn’t know a lot about before joining Rebalance.
I knew how to save it and I was learning how to make it, but how to grow it is something that these financial advisors have been able to help me learn. And I’ve also learned the benefit of talking to a certified financial planner and how growing my money is something that I, I don’t necessarily wanna do myself, but I do wanna retire early. And so because it’s one of these three main levers, um, it’s really crucial.
I’ve heard from my dad and my father-in-law that as they’re approaching retirement, I think they’re getting into that phase of their late fifties where they’re starting to worry if they’ve saved enough. And I’ve seen kind of that panic a little bit. And I like that I’m able to be part of the solution. I’m able to help people who are further than 10 years away make sure that they’re on the right track. And I’m glad that I’m able to help people who are in retirement know that they’re spending the right amounts and just feel confident in that.
And then for me personally, on this journey to trying to retire early, it kind of consumes my life. I mean, most of my decisions are made based on is this going to help me reach that goal? And it’s very neat that I get to also do that in my job, that I’m able to help people with retirement and maybe not obsess over it or retire as early as I want to, but help them with whatever their goals might be.
