Counting Down On Your Accountancy ClockRetiring Accountant

Counting Down On Your Accountancy Clock

March 10, 2020


Counting Down On Your Accountancy Clock! 

Time is our most precious resource and one of the most valuable assets at your disposal.

Regardless of how much money you have, you can never buy more time.

Unfortunately, many people spend 40+ hours a week for 60+ years, trading their time for this thing we call money.

It's my opinion that everyone should pursue the opportunity to retire as early as possible.

And having the financial security to choose what you do with your time is one of the greatest gifts you can give to yourself, your loved ones, and the causes you're passionate about.

Here are 3 things to think about: 

1. You cannot earn back time.

One of the most common regrets of the dying is that they worked so hard and for so long.

They missed their children's and grandchildren's youth as well as their partner's companionship.

You can always find a way to earn back money you spend or lose, but you can't go back in time and experience the moments you missed.

Retiring early means you'll have more opportunities to be with your family.

Further, it's a fact of life that some things become more difficult as we age.

When you are in the latter stages of your life, you may not be able to do all the things that you put on your bucket list in your youth and you may not have enough time left to do all of them now.  

2. It is really hard to run out of money if you plan things right.

Over half of the Accountants we speak to, say their biggest fear is running out of money in retirement. 

However, if you sell your Accountancy business for a premium price, then this is unlikely to be an issue.  

By avoiding the two costliest mistakes outlined here that 50% of sellers fall into, you can be sure that you will have enough money to retire.

Especially when you have the opportunity to create a bespoke deal where you work part-time for a few years after your company has been sold!

It's a win win situation. More time, more money!

3. You can (still) work on the things you love. 

A lot of Accountancy business owners love their work, so by staying on after the sale of their business they can just spend time doing what they enjoy at work!  

Alternatively, early retirement offers the opportunity to pursue other endeavours you love.   

Whether they're profitable or not is no longer the point once you have the financial security to support your lifestyle.  

You can get around to writing that book you didn't have time for when you were working 40 hours a week.   

You can fix up run-down houses and rent them out or sell them for a profit.    

The opportunities open to you are endless! 

Not only does working on things you love provide the potential for monetary rewards, but it could help you live longer.  

So don’t waste time!

Whether "early" for you means 63 or 40, the point is to make more time for yourself and your loved ones while you can.   

So if you don’t want to fall into the work trap and you want to consider where your time is best spent then here are 3 ways I can help: 

Watch this short free video to start thinking about the process and preparing your company to receive a premium offer by clicking here

Speak to one of our highly trained consultants, who can give you a no obligation valuation of your Accountancy business by clicking here

And if you no longer want to waste your most precious asset then reply back to this email with the word 'Time' and I will see if I can help. 

Best wishes,     

Steve Hagues 

PS. Invest just 10-minutes into watching our highly recommended video now by clicking here to save yourself thousands when selling your Accountancy Business. 

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