Three individuals who retired before the age of 40 have disclosed their strategies for early retirement success. Achieving early retirement may seem like an unattainable goal for many, but these entrepreneurs, Eric Hughes, Andrew Hulbert, and Naz Avo, have proven that with dedication, work ethic, and skills, it is within reach for anyone. They have shared insights on bidding farewell to the daily grind, achieving financial independence, and enjoying a life free from the stresses of commuting and deadlines.
Eric Hughes, based in Washington D.C, retired at 45 after establishing Rental Income Advisors. Despite accumulating wealth through rental properties, Eric remains actively engaged in his coaching business and small firm account management. He now enjoys a flexible schedule with regular getaways and leisure activities like golfing mid-week.
Eric attributed his early retirement success to being an aggressive saver and investor. He emphasized reallocating capital into cash-generating assets, particularly low-cost rental properties, which enabled him to expand his portfolio and achieve financial independence.
Andrew Hulbert, from Oxford, retired at 37 after founding property services firm Pareto. His relentless dedication to his business for a decade led to substantial growth and a successful exit, allowing him to retire early. Andrew emphasized the importance of living below one’s means and making sacrifices to build savings for future financial freedom.
Naz Avo, currently residing in Thailand, retired at 32 after a career in software engineering. He prioritized saving a significant portion of his income, investing in rental properties and stocks to secure his early retirement. Naz highlighted the value of avoiding lifestyle inflation and focusing on increasing income to achieve financial goals.
All three retirees emphasized the significance of diversification in maintaining financial independence, with Naz suggesting a conservative spending approach and a diversified investment portfolio to ensure long-term stability. Their stories serve as inspiration for those seeking early retirement and financial freedom.