We are now in a new era where a mobile phone is all you need to potentially become a millionaire, as exemplified by social media platforms such as Youtube, Instagram, Twitter, Tiktok, and Facebook. It is remarkable to witness the opportunities that have arisen, and it is impressive to see the next generation earning more money in less than five years than what someone could earn in 40 years of work. Although this is not entirely new, as sports personalities have been making this amount of money for years and are now earning even more, creating a second generation of high-earning influencers. These athletes usually retire between the ages of 33-37 and often become commentators, presenters, coaches, or start their own academies to teach the next generation. Early retirement was never really discussed in those times, but with influencers now earning a significant portion of their income from partner programs and affiliate marketing, the idea of early retirement has gained attention. Is early retirement a feasible option in today's world?
Using an influencer as an example, let's explore the possibility of early retirement.
The most prominent social media influencers are typically teenagers or in their early 20s, an age that allows for experimentation with various talents. By starting at 18, they can attain fame by 20 and continue to flourish until the age of 25. Afterward, they may earn a substantial income until they turn 30, which is a shorter time frame and less lucrative than that of a professional athlete. If an influencer retires at 30, how many years can they reap the benefits? Is the money they earn during this period sufficient for the rest of their lives?
Making mistakes is a natural part of growing up, and as we move into our 40s, we tend to gain maturity and perspective. Similarly, influencers are likely to make errors, but they will address them one by one until they arrive at the appropriate solution. A significant investment of both time and money will be required to address these lessons.
Influencers are often supported by teams who help them gain popularity, so it is the influencer's duty to compensate them fairly as long as they wish to remain successful.
The market is subject to fluctuations and unforeseeable crises, which can jeopardize hard-earned earnings and potentially threaten monthly earnings.
After having children, parents often strive to ensure their children are more successful than they were, which can end up costing more than what they have earned.
There are many things to consider that require money throughout our lives, especially when raising children and ensuring their success. Instead of focusing on early retirement, it's important to prioritize earning and enjoying life.
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