I recalled a conversation with a friend in 2019, he visited me and we spent a night together.

We had conversations about childbearing, marriage, and most importantly, early retirement.

He made me understand that it is possible for us to retire at 50.

This is what he meant; before 50 years, you could have 2 houses (personal and rental), 2 cars, and enough funds to send kids to school till they graduate from the university.

It means that you have 2-3 kids, but you have adequately planned for their education.

When they need tuition fees, you do not have to develop HBP suddenly because you have no idea where the money will come from.

I was curious, so I asked him more questions.

Kunle, how possible is this?

For the first time in my life, I heard about educational trust funds.

Funny, isn't it?🙈

You can't blame me too much, I don't have a background in finance.

What I know about finance today, is probably because of my exposure to the global financial market (crypto/forex).

Kunle, a graduate of Agric-economics, and staff of Ecobank, is definitely my oga when it comes to finance.

Sorry, e be like say I don digress a liruu bit:)

He explained that a couple of banks in Nigeria have these trust funds that can be set up for kids.

With this, you can take care of their education without much hassles.

But here is the secret to retiring early, it is contentment.

If you don't have this, you will likely work till you are 75 years old, as long as you keep chasing money.

Retirement, according to my friend, is not about how many billions you have made.

It is about proper planning of your finance and contentment.

This morning, I asked myself; Abimbola, can you truly retire at 50?

Like not worrying about house rent, car maintenance, school fees, and food anymore at 50?

Sigh!

This is possible, but hard to achieve.

However, I have been able to dig some useful knowledge about retirement as applicable to Africans, most especially Nigerians.

Because what works in UK and US may not work here.

I don't know how old you are, but I want to tell you today that the earlier you start planning for retirement, the better it is for you.

Even if you are just 20 years old, don't feel bad about retirement conversations

Abi, you want to be begging for alms in old age? God forbid!

But...

We got to start planning for it now.

Would you want me to share insightful tips about retirement plans with you?

If I have enough YES from you and other readers of the CryptoNiche Newsletter, I will proceed with it and share more updates next week.

Otherwise, I will assume that retirement doesn't matter to you.

Dear friend,

At what age do you like to retire from active hustles? Lol, I know, this is not a regular conversation about big yansh, the latest gadgets, and make money online stuffs.

But.

You need it, I need it.

We need it.

Talk to you soon.

Ojeniyi Ayobami Abimbola is your guy that teaches crypto in simple Nigerian English language.

Cheers to a new week

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