why retire from an activity or business that made your rich. you continue doing it. and become even richer. dugh? you quit things that lose money. why stop at something or retire from a profitable business ..
Start at 20 retire at 30 - FIRE/Robinhood
- Thread starter Nobert
- Start date
It's good when one have chosen this path of trading/investing as a full time (to be precise, managed to do so), or they have secondary hobies, that age has no impact upon, but people that you talk imo, their jobs, is the only way for them to feel a part of society/needed (?)
Beside 60, is no longer that old.
That ,, dugh ?" is confusing. Looks like at first you support the idea, then deny & support again.
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"but people that you talk imo, their jobs, is the only way for them to feel a part of society/needed"
Yep, I'm not defending these people that idiotically think they can retire with limited savings at 30. Most just don't want to produce. To have their cake and eat it too. The Peter Pan nonsense.
But wow, on the flipside. Fuck Work. Both four letter words. People identifying others by their job is a serious pet peeve of mine. I refuse to tell people what I did, or talk with people about work. There are so many things to do to keep yourself busy, so many other wonderful things to talk about, work needn't be one of them.
For whoever said pick a hobby, get good at it, and then make money from it, I'll let you know when they invite me to play Wimbledon.
I'm not holding my breath.
A song says, "One day you'll leave this world behind, so live a life you will remember." My dad started sliding deep into dementia. Yesterday I spoke with him, and all he talked about was getting inventory onto the shelfs. Those ain't the memories I want. This morning I saw some island blow up off NZ. I typed its name into my photos folder, there I was on a boat, wearing a gas mask, standing next to an 19 yr old I talked into taking a semester off to travel through Asia with me. Pretty sure that photo was taken on a weekday and I could have been at work instead.
...and as for friends doin' bigger and better, good for them!
Yep, I'm not defending these people that idiotically think they can retire with limited savings at 30. Most just don't want to produce. To have their cake and eat it too. The Peter Pan nonsense.
But wow, on the flipside. Fuck Work. Both four letter words. People identifying others by their job is a serious pet peeve of mine. I refuse to tell people what I did, or talk with people about work. There are so many things to do to keep yourself busy, so many other wonderful things to talk about, work needn't be one of them.
For whoever said pick a hobby, get good at it, and then make money from it, I'll let you know when they invite me to play Wimbledon.
I'm not holding my breath.A song says, "One day you'll leave this world behind, so live a life you will remember." My dad started sliding deep into dementia. Yesterday I spoke with him, and all he talked about was getting inventory onto the shelfs. Those ain't the memories I want. This morning I saw some island blow up off NZ. I typed its name into my photos folder, there I was on a boat, wearing a gas mask, standing next to an 19 yr old I talked into taking a semester off to travel through Asia with me. Pretty sure that photo was taken on a weekday and I could have been at work instead.
...and as for friends doin' bigger and better, good for them!
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Amen.
That's why i saw no problem, with filling up the line in my profile.
,,I refuse to tell people what I did"
Never thought this way, maybe i will apply that to practise as well. See what happens.
For most Americans, their largest asset in retirement will be their social security income, 70 should be the planned for retirement age. For many of them, they might need to plan on continuing to work part-time to 75 or older.
For the few who plan and prepare, save and invest, it still makes sense not to take the social security election until 70.
Many never retire if they love what they do and it isn't a physically demanding job. So long as he has the mental ability to do so, I doubt we'll see a Warren Buffet retirement announcement. Charlie Munger is 95, and unless I am mistaken, he is still active in managing the business as well. The now late, great insurance man Mehdi Fakharzadeh of Met Life passed away in October at the age of 97 and was still out selling, having allowed his $700,000/pension to continue to grow untouched. Boone Pickens shut down his investment fund at 89 or 90 and only because he was told he was terminal.
If you love what you do, you do it until you are no longer able to do it. If you hate your job, you count the days to 62 and take early social security election and count pennies until you die.
Sure but MOST don't love what they do and would love to do something else and if that has to be retirement, they would be happy to do it.
Not only that they don't love, 60% or more, would say that they hate it.
(i heard of research in podcast, that said, that it's up to 80%, don't know how legit that is tho)
