Early retirement involves culture shock.
Of course spending your days not reporting to anyone but yourself and doing whatever you like is exciting. But giving up a regular paycheck — no matter how much money you have saved up — can be scary at first.
Business Insider spoke with eight people who retired early about how their finances changed after they took the leap and left the workforce for good. Turns out, their financial lives generally improved after retiring early. Many early retirees ultimately lowered their cost of living and are far less concerned about money than they were while working.
That’s not to mention the many priceless opportunities early retirement has afforded them, like the ability to travel the world or become a stay-at-home parent.
Here’s how retiring early has changed each of their relationships with money, for the better.
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