Here’s Why You Should “Retire” Early
Is it your dream to retire early?
When I say “early”, I mean retiring while you’re still relatively young, healthy and able to savor the fruits of your hard work.
Or do you want to retire when you’re old, unhealthy and unable to enjoy life already?
With my experience as a financial advisor, everyone I’ve asked this question always preferred the first answer:
“Oo naman, ayoko magtrabaho forever”, they’d tell me.
Obviously, you’d choose the 1st option, too. After all, who wants to work when they’re already battling with arthritis, right?
Now, before you answer my question, let’s define what retirement really is.
How People Usually Define Retirement
Ask people you know about retirement, and most likely you’d hear them say:
– “Retirement? How can I think about that? I’m still in my 50s!”
– “Ano ka ba, 25 pa lang ako. Retirement ka d’yan!”
– “When I retire, I’ll stop working, just work on my farm, and live a simple life in the province.”
Is your concept of retirement the same?
Retirement means you finally stop working, usually at the age of 60-65, so you can travel the world, enjoy life with your loved ones and do all the things that you’ve wanted to do ever since you were young.
In my life, this isn’t what retirement means.
Why would you wait until you’re 60 to start living the life you love?
Who’s guaranteeing that you will live that long?
And if you do reach 60, how sure are you that you’re going to be physically fit to travel and do the things on your Freedom List?
My family recently went to Alaminos and we rode the banana boat. The millenials (ehem) were asking the driver to go faster, while my mama who’s in her 50s was asking him to slow down. 😀 Do you think you can still enjoy the perks of travelling while you’re already old?
Working For Paycheck
You go to sleep.
Wake up early to go to work on a job that you hate, for a boss that you hate, to receive your paycheck, which is the only thing you don’t hate. You can’t quit yet, because you don’t have any other source of income aside from your job.
When asked with the question “Do you love your job?”, you shrug and say, “Meh, not really. I just need the paycheck.”
Every time during break, you dream about winning the lottery, or travelling somewhere else just because you want to get out of your suffocating job.
But you can’t leave your job.
Because you need the paycheck!
Working For Your Purpose
When you’re already retired, you still go to work.
You’re less concerned about the size of your paycheck.
You’re more concerned about the significance of your work.
You’re in love with your job.
You’d still do your job, even if you won’t get paid to do it.
You have the freedom to work on your own terms.
How I Define Retirement
In my definition of Retirement, you still work – because you want to, not because you have to.
Check out a few of our ka-barkada, like Elon Musk, Warren Buffett and Jackie Chan.
Elon is worth 19.7 billion. US. dollars.
And he’s still working.
Warren is worth 84.2 billion.
Yes. I’m talking about US dollars, too.
How about my distant tito, Jackie Chan?
He’s worth 350 million US dollars.
He can buy 400 islands just because trip n’ya lang, and he can still live and enjoy his life!
Still, he’s working at his movies pa din.
In my own definition, they’re already retired because they’re still working, not because they need to, but because they want to.
Wouldn’t you want the same for yourself?
First Thing You Should Focus On:
You’ve got to establish your Emotional Cause (EC) first before doing anything else.
Why do you want to retire early?
Is it because you want to escape from soul-sucking “office politics”, body-crushing EDSA traffic or heart-wrenching sales pressure that destroys your health?
Or is it because you want to save and invest today, so you can work on a job you’re really passionate about tomorrow?
Then, let’s talk about the step-by-step guide on how we can retire early.
See you on the next post! 😉
How about you: do YOU believe in retiring early?
Live the life you love,