When and how should I start preparing for my retirement from SFI?

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3805 votes
Vivian Butler, Aff (California, US) Top Author Forum Guru 10/4/2015 12:07 am
Affiliate since: 07/18/2015, Power Rank: 99999999 | Read Vivian's 15 other Ask SC answers
Using SFI as a retirement income and the planning of it depends on what a person does and how fast a person grows their business with SFI to achieve the financial goals they need to retire on. Using SFI's Goal Planning daily to do task is a good starting point along with the compensation plan.

Using SFI for retirement income is awesome, start now and grow your SFI business into retirement $$$$. I am...

Much success to your SFI biz
3112 votes
Laura Cortejo, Aff (Philippines) Top Author Forum Guru 10/4/2015 12:54 am
Affiliate since: 07/10/2015, Power Rank: 99999999 | Read Laura's 5 other Ask SC answers
In my opinion I think no need to prepare for your retirement in SFI.SFI gives us a lifetime business and if you really can't do business anymore you can tranfer it to any of your family member that is willing to do your job.So if you really want to retire soon better train one of your family member on how to do and build your SFI BUSINESS.

Wish my answer can help.Keep walking and wish you Success!

2704 votes
Sakhi Zaman Samim Dawar, Aff (Pakistan) Top Author Forum Guru 10/4/2015 1:19 am
Affiliate since: 07/02/2015, Power Rank: 99999999 | Read Sakhi Zaman's 15 other Ask SC answers
Sweet Affiliate!

My first glance at your question wondered me as it seems amazing and interesting to talk about second retirement after once you have retired for work in SFI.
I would merely like to tell that it 'd be nothing more than idiocy and huge loss to retire from a job that enables you to make your second innings life luxurious and memorial and that is the one and only sfi.

Hope this small answer helps in this regard.

wish you at the top.
2550 votes
Victoria Mineva, Aff (Bulgaria) Top Author Forum Guru 10/4/2015 1:42 am
Affiliate since: 06/01/2011, Power Rank: 99999999 | Read Victoria's 124 other Ask SC answers
Hello, good question you asked.

Well, the greatest time to retire from SFI if you have decided to do it for sure is when you're Diamond Team Leader and earn enough residual income from the business. Even so, you should do your tasks to stay on your position. But if your SFI business is so well built that is at autopilot you can go out of it with the earned money or you can transfer it to someone who you trust enough to stay in your place in the business. For example if you earn $100 000
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