How can I live my life without working? | Tips for a life of leisure
Imagine a life where you never have to think about your paycheck or what you're going to do with your free time. Such a life can be achieved, but only through careful planning and effort.
Now, don't get me wrong: I'm not talking about retiring early and coasting through the rest of your days on some big inheritance or lottery winnings. Instead, it's all about making smart choices now so that you can live comfortably later on in life.
1. Invest well
Investing is a long-term strategy. It's not about getting rich quick, but instead about growing your money over time.
Investing can be difficult because there are so many different types of investments available, but remember that any kind of investment needs to be worthwhile in the long run if you want to get results out of it. One way to make sure that you're making sound financial decisions with your investments is by keeping them simple and focusing on understanding what each asset class does well (or poorly).
If you're new to investing in general or simply don't know where to start with all these assets classes floating around out there, I recommend reading this overview of basic investment terms before diving into anything else: http://www.investopedia.com/terms/b/basicsinvestmentsandfinancialconcepts1.asp
2. Know how to live frugally
- Know how to live frugally
Here are some tips for living frugally:
- Shop around for the best deals. You can save a lot of money by buying things in bulk, waiting until things go on sale, or getting them at thrift stores and garage sales.
- Learn to cook meals from scratch rather than relying on takeout or delivery services as much as possible. If you're going out to eat every night, it'll start to take a toll on your bank account. Also consider cooking with fewer ingredients so that you don’t have leftovers that need eating later on in the week (more work!).
- Save money on utilities by using less energy at home and turning off lights when not needed (or replacing incandescent bulbs with LED ones). Try turning off the air conditioning at night before going to bed if it's warm enough outside during those months when AC isn't necessary (and keep windows closed so cool air doesn't escape). Use fans instead of ceiling fans when appropriate—they're cheaper! And remember: A good shower uses way less water than baths do!
3. Find a place where your money stretches further
- The next step is to find a place where your money stretches further. To do this, you need to consider the things that most people want when they live somewhere new: safety and comfort.
- Safety and comfort are important because they affect how happy you are. If you feel unsafe in an area then it's possible that no matter how much cheaper rent is there, it won't be worth living there for long-term happiness. Similarly, if your house doesn't have enough space for what you need and like (e.g., large garden), then this could put a strain on your relationship with those around you or even affect how well rested and healthy you feel at the end of each day (if not all day!).
4. Get some exercise
The benefits of exercise are numerous. It can help you cope with stress, improve your sleep and mood, boost your energy levels and increase longevity. And it’s good for more than just your body—it can also make you a happier person by boosting self-confidence and improving relationships.
The best part? Exercise doesn’t have to cost anything! You can get a workout at home without any equipment or join a local park run group for free. If you prefer solo workouts then try walking outside instead of taking public transport – the fresh air will do wonders for your mental health as well as helping to keep those pounds off too!
5. Treat yourself every once in a while
The best way to make sure you don't get bored with your life is to treat yourself every once in a while. Treating yourself to things that you enjoy will help you keep the inspiration going, and remind you of why it was important for you to leave work behind in the first place.
Here are some examples of things that could be considered treats:
- A trip somewhere new (or even just an old place where you haven't been in a while)
- A massage or facial at a spa or beauty parlor
- Going out for dinner at a restaurant that makes your mouth water just thinking about it
6. Take regular vacations, particularly in places where the cost of living is low
Traveling is one of life's great pleasures. But it can get expensive very quickly, especially if you're not careful. That's why it's important to plan your vacations carefully and budget for your trip.
There are lots of ways to save money on travel more than we have time for here! You can look into the subway pass options in the city you live in and see if they're right for you, or sign up for a student discount card to take advantage of specials at museums and other attractions around town.
If you're planning a vacation overseas, check out websites like GoEuro and Skyscanner that compare different airlines' prices so that when ticket sales come around, as they often do during holidays or slow seasons when fewer people need flights home from work conferences abroad (like this year after Brexit), then now's the time to book those tickets before anyone else gets them!
You can live without working by investing well.
Knowing how and where to spend your money, getting regular exercise and treating yourself occasionally.
You can live without working by investing well, knowing how and where to spend your money, getting regular exercise and treating yourself occasionally.
- Investing well is the best way to accumulate wealth. If you invest $10k at 8%, compounded annually for 30 years, it will be worth over $14 million by retirement age. (That’s assuming no inflation.) That is enough money to not only support yourself and your family but also leave a significant inheritance for future generations.
- Knowing how and where to spend your money is also important because spending too much on luxuries will leave you with less for investing or saving for emergencies like medical bills or car repairs that may arise unexpectedly in life. Keeping an eye on what you purchase will help ensure that there is plenty of cash left over after bills are paid each month so that those expenses don’t prevent savings from building up into larger amounts over time!
People who work hard to make money often don’t realize how much of it they waste on things that don’t matter. If you want to live your life without working, then you need to know how and where to spend your money wisely. The key point is knowing when it's time for a break and treating yourself every once in a while!