How to retire in 10 years

"When I was young I thought that money was the most important thing in life. Now that I am old I know that it is." - A quote attributed to Irish writer Oscar Wilde

THE THEORY of how to achieve financial independence, no matter how old you are, is relatively straightforward. Build up a big enough pool of financial assets like stocks and bonds, and you will start receiving a stream of dividends and coupons that you can live on.

Once this stream of passive income exceeds your expenses, you don't have to worry about working for money anymore.