Author Topic: Who wants to retire really early, anyway?  (Read 1709 times)

PoutineLover

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Who wants to retire really early, anyway?
« on: June 06, 2018, 09:57:00 AM »
Form the blog post
“But, what is the allure of early retirement? I don’t get it.”
"it seems selfish to retire early to indulge yourself."
https://www.theglobeandmail.com/investing/personal-finance/retirement/article-who-wants-to-retire-really-early-anyway/ (paywall if you've used up your free articles)
https://barbarafriedbergpersonalfinance.com/fire-financial-independence-retire-early-bad/
Who wouldn't want to spend their time doing things they want to do instead of working for the man?
To be fair, she does argue that finding work you enjoy makes it less of a grind, but whose life is so boring outside of work that they can't imagine what they would do with the rest of their time? I am not early retired yet, but I have so much to do outside of paid employment and I can't wait to structure my life according to my own schedule and desires. I don't hate my work, but there are a million other things I'd rather do if I had the time and money.
"other wealthy entrepreneurs working past their 70’s are inspiring. They’re contributing to society."
Paid work isn't the only way to contribute to society, and I would much rather be selfish and indulge myself by investing in my own future where work becomes optional than slave away to "contribute to society" by creating profit for my boss.
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ixtap

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Re: Who wants to retire really early, anyway?
« Reply #1 on: June 06, 2018, 10:07:04 AM »
It is that idea that you are only contributing to society if you are drawing a salary that drives me absolutely bonkers. Then why do we pay some of our most important jobs so little?!

acroy

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Re: Who wants to retire really early, anyway?
« Reply #2 on: June 06, 2018, 10:12:11 AM »
I thought it was a reasonable article... It depends what you value doing. I personally am close to FI (could be FI if I trimmed some clown-like habits) but plan to remain SWAMI for another 7 years.
http://www.mrmoneymustache.com/2011/04/30/weekend-edition-retire-in-your-mind-even-if-you-love-your-job/

I do think the major take-away is to consciously, conscientiously, determine what is important in life and work towards it. Life optimization. Eliminate stuff/luxury slavery. This is what I get out of Mustachiansim. fulfill your potential, use your gifts, put more into the world than you consume.

Anyway, back to consuming high-end coffee @ work :)
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Undecided

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Re: Who wants to retire really early, anyway?
« Reply #3 on: June 06, 2018, 10:18:37 AM »

but whose life is so boring outside of work that they can't imagine what they would do with the rest of their time?

While I find it hard to relate to that position, I am aware (from both reading internet posts and IRL interactions) that it's not at all an unheard of one.
« Last Edit: June 06, 2018, 10:36:22 AM by Undecided »

bluebelle

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Re: Who wants to retire really early, anyway?
« Reply #4 on: June 11, 2018, 10:58:40 AM »
I thought it was a reasonable article... It depends what you value doing. I personally am close to FI (could be FI if I trimmed some clown-like habits) but plan to remain SWAMI for another 7 years.
http://www.mrmoneymustache.com/2011/04/30/weekend-edition-retire-in-your-mind-even-if-you-love-your-job/

I do think the major take-away is to consciously, conscientiously, determine what is important in life and work towards it. Life optimization. Eliminate stuff/luxury slavery. This is what I get out of Mustachiansim. fulfill your potential, use your gifts, put more into the world than you consume.

Anyway, back to consuming high-end coffee @ work :)
I had to go look up SWAMI (Satisfied Working Advanced Mustachian Individual) - so as a public service, there's the definition.   And I guess that's what I am now (and probably have been for awhile).  Although our exit date is now less than 2 years out.  I like most aspects of my job, working from home really helps, plus I find alot of the job very interesting.....not sure if I'll retire in 2 years with hubby, or do the OMY thing, or try for part time or project work....it is lovely to have choices.  There's a lot of power in the FU money. 


zolotiyeruki

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Re: Who wants to retire really early, anyway?
« Reply #5 on: June 13, 2018, 08:07:39 AM »
Who wants to retire early?
<---This guy.  And I enjoy my day job!  It's just that there are other things I'd like to spend my time on even more than my enjoyable job.

FIRE@50

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Re: Who wants to retire really early, anyway?
« Reply #6 on: June 13, 2018, 08:14:03 AM »
I have hobbies. Work isn't one of them.

I like my job and the people that I work with. In no way do I believe that my job is nobly contributing to society. I'm not curing cancer.

BudgetSlasher

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Re: Who wants to retire really early, anyway?
« Reply #7 on: Today at 01:54:03 PM »
In no way do I believe that my job is nobly contributing to society. I'm not curing cancer.

yup, plus I have no doubt that either another cog would be hired to do the job (likely younger, less experienced, and for less pay) or, more likely, my work would be assigned to my co-workers first temporarily and then permanently. Either way the same work will get done, either giving someone new an opportunity to advance or more efficiently.

Plus, if I weren't spending so much of my time working a 9-to-5, I would be more willing to do things that might actually make more of a contribution, at least locally. Volunteer a little with that local land trust, maybe get appointed to one of the town committees, or spend a lot more time working with local CSAs.

DreamFIRE

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Re: Who wants to retire really early, anyway?
« Reply #8 on: Today at 02:38:25 PM »
Form the blog post
“But, what is the allure of early retirement? I don’t get it.”
"it seems selfish to retire early to indulge yourself."

LOL.  That just sounds like something a jealous person would say because it's not an option for them.