Many would think that retirement comes after working hard for some twenty odd years, saving up a pension then living off a half million dollars until you die. But does your retirement have to come at an old age, or can you start developing your own way to retire early?

My plan for the Ultimate Retirement is simple, setup a system that requires the least amount of effort for the most profit.  Ok, so this sounds hard to do, but is it?

Creating a Passive Income

Passive income can be defined as earning an income passively even though you aren’t doing any work.  Consider blogging, even if I don’t write a single post tomorrow I will still over a hundred dollars just from traffic to my old posts.  Each post I write continues to earn me profit well after I’ve written them.

A passive income could come from the stock market from dividends you earn. Song writers earn money each time their song is played, or book writers continue to earn money as their book is sold.

Creating Your Own Job

Like most startups would agree, the object is to: Profit with the least amount of effort possible. Less customers, less offices, less employees, whatever it takes to get more profit.  With a website, sometimes a blog with 5,000 subscribers is better than a blog with 15,000.  If one blog can earn more per person that’s overall going to be better than a blog with more traffic and more subscribers.  Why?  It takes less effort to make more profit.

A few of my blogs, I write a couple of posts a week and earn more than a site such as clickfornick.com.

How This Ties Into Retirement

The goal is to setup a system where it takes so little effort, that you can work literally 4 hours a week and have more than enough money to live on. After starting your own business, you find ways to literally get your business to run yourself.  For me, that would require hiring writers to write all my posts for me.  The only work I would have left is management, make sure things are done.  I could pay someone to do that too.

My Plan for Ultimate Retirement

So how does this tie into my plan for ultimate retirement?   The more income sources I generate i.e. blogs that earn money, the closer I come to earning money with the least amount of effort.  Is that everyone’s goal? Be lazy on the beach and still have money coming in?