Want to have financial independence and retire early? Anil Rego on how to go about it

Anil Rego, Founder & CEO, Right Horizons, says if you want to retire early, you should make your money work for you and that was simple, one liner and avenues which can help you do that, which can help you beat inflation, which can also grow well, it also means that possibly you need to take a higher level of risk..

And at the same time, it is important to be diversified because while you have some of these long-term goals, you will also be juggling with your current day to day needs...

But there also, there will be wants that come on the way and it is about how you are able to find that balance, not only now, even tomorrow in the future when you are retiring or when you are into your early retirement so to say, you may still want to go for your overseas trips, you may want to do a lot of the other things that you spend on, but the point is how do you plan for that both today as well as post the retirement life or post when you stop working?.

And like you said, how do you capture all those milestones that you have, both for yourself and for your family as a whole and typically we also encourage, let us say, a family to do the financial planning also together, also to converge now you may decide to have certain mechanisms in place saying that, okay, how do you want to spend, each of you want to spend your money and towards what and etc..

Excel has this calculator which you can use, look at the compounded rate of growth of inflation and capture what is it that you sort of require, say, at your retirement and also post retirement you have to see how you can model it into saying inflation even post retirement because that is something which is very critical to you...

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