Some of us are fortunate enough to earn a commission or yearly bonus as part of their compensation package through work.
Even luckier are those who don’t have a maximum cap on how much they can earn.
There are many stories out there of people who’ve earned 6-figure commissions – but what do they do with them? What would you do with a bonus like that?
Most people squander their windfalls on things like expensive cars, shopping sprees, a bigger house… but what happened to being financially responsible?
It would be savvier to take that money and stash it away for an emergency fund (we recommend between 3-6 months of living expenses), pay off debts, or invest it so you can retire early.
Why would you want to spend more of your precious years working than you have to? With a bit of planning and intelligent implementation, you might be able to shave years off your working life and finally have the time to do what you want to do – even if you don’t get massive bonuses from your employer.
What a gift those extra years could be! You could…
- Travel while you’re still young and healthy
- Spend more time with your grandchildren
- Devote your time to hobbies
- Volunteer for something to give life new meaning
The possibilities are endless!
If the idea of breaking the chains of your 9-5 earlier than the traditional age of 65 makes you smile, we should talk – especially if you don’t have a plan. Call 513-563-PLAN (7526) or go online to schedule a chat.
Nikki Earley, CFP®