Why do we work our butts off for 40 yrs straight to enjoy just one retirement? Doesn’t it make more sense to enjoy some of your retirement time when you are younger and generally more healthy? Similar to career breaks, mini-retirements are generally longer and will often be spent doing interesting things such as learning new skills, volunteering or simply living in a new country.
There are many ways of spending your mini-retirement, some of which may even uncover an economic alternative to returning to life as a stressed out rodent.
Mini-retirements may only last a few months but are more likely to span a couple of years. Shorter periods tend to be career breaks.
So how do you fill in your days when you are retired?
One area is to learn new skills. in fact thats pretty much what I did back in 2005. My online marketing skills were pretty raw back in the day but by embarking on a mini retirement meant that I could teach myself the skills to ensure I would not have to go back to working for other people.
A classic is to learn a language. Why not take off to a French speaking part of Africa or Latin America and live like a local and end up talking like a local. Having a second language is huge asset in this globalised world now.
Language learning can be combined with teaching English which again can equip you with new skills that will be useful back home.
Mini retirements can also be cheap. You don’t have to live in a hotel if you plan on spending three months in Buenos Airies learning Spanish. There are plenty of apartments which can be very affordable in cheaper countries and it’s even possible to have a more expensive lifestyle than you would expect at home.
Volunteering is another way to take a mini retirement providing you avoid the many companies offering short term volunteering holidays. Some volunteer posts will even pay for your food and lodging too. A good place to look at volunteering is idealist.
Finance is obviously an issue and mini retirements do need to be financed. I financed mine by working online in affiliate marketing making a modest amount and choosing to live in places with low cost of living.
Mini retirements do not need to eat too much into your savings though. Consider the money you would save by temporarily cutting your ties with your home country. No rent to pay, no council taxes, no car to run…If you own a house then why not rent it out for one year?
Doesn’t it make more sense to enjoy some of your retirement time when you are young and healthy?
The concept of the mini retirement might be new now but I predict the next generation will be taking them regularly.
Check out the book below for more on mini-retirements…
If you are interested then check out San Jose Costa Rica Hotels website.