Setting a goal of retiring early at the age of 50, Ms. Tran Thi Trang (33 years old) constantly tries to achieve achievements in work, increasing income over time.
From the initial position of a worker, I have always been proactive, trying my best to be recognized by the management. Up to now, I have been promoted to the position of workshop manager, with an income 3 times higher than before" - Ms. Trang said.
In addition, Ms. Trang also works part-time in recruitment, actively introducing workers to the company. This job does not take much time, but according to the female manager, each month can bring in an additional 1 to 3 million VND.
With a high income, Ms. Trang always sets a rule of spending at least half a month's salary to buy gold and deposit savings. According to Ms. Trang, this is a habit that has been around for a long time, and also helps her feel secure if she retires early.
"Every month, I will try to buy 1 tael of gold, and I will pay in installments as much as I have left. I participate in both investment methods to flexibly have money in urgent situations, and at the same time prepare for the early retirement plan at the age of 50" - Ms. Trang said.
Ms. Trang believes that her savings book and the amount of gold accumulated monthly are the money for her to have money to cover her living expenses from the age of 50 to 60.
The female manager plans that when she is 60 years old, she will use her pension to spend on her old age. The current accumulated money can be divided among children to start a business, start a family or do other work and plans if there is a plan.
Mr. Tran Ngoc Nguyen (30 years old, Nam Dinh) - a garment worker - said that he attaches great importance to his health. Because according to Mr. Nguyen, if there is a health problem, the amount of money spent is extremely expensive, it will certainly affect the early retirement plan.
"Currently, my whole family has participated in health insurance, and my two children are in school and buy additional health insurance every year. I myself also bought a health insurance package of nearly 2 million VND/year, and if I have the conditions, I will let my wife participate with me" - Mr. Nguyen said.
Regarding the plan to retire early, the male worker said that the target is that when he is about 45 years old, he will not work for the company anymore.
To achieve an early retirement plan, Mr. Nguyen shared that currently the couple aims to deposit at least 6 - 8 million VND/month out of a total income of 20 million VND/month. At times when gold is low, male workers often buy from 0.2 to 0.5 just to save for the future.
To increase his income, whenever the company asked him to stay overtime, Mr. Nguyen was ready to do so. According to the male worker, he works overtime nearly 2 hours a day, increasing his income by 1.5 - 2 million VND per month.
"When I need a large amount of money, I will prioritize borrowing without withdrawing social insurance at one time. Because I believe that having a pension when old is extremely important to not be dependent on children" - Mr. Nguyen said.
Sharing his plan after retiring early, Mr. Nguyen said that he could open a small grocery store to trade or work freely.
The male worker shared that after the age of 45, when he has enough financial potential, he will not focus on income, then he will prioritize light work, not limited by regulations and time.
