quotes tagged with 'ambitions'

Retirement planning is like life insurance. It should be viewed as nothing more than a hedge against the absolute worst-case scenario: in this case, becoming physically incapable of working and needing a reservoir of capitol to survive.

Retirement as a goal or final redemption is flawed for at least three solid reasons:

a. It is predicated on the assumption that you dislike what you are doing during the most physically capable years of your life. This is a non starter-nothing can justify that sacrifice.

b. Most people will never be able to retire and maintain even a hotdogs-for-dinner standard of living. Even one million is chump change in a world where traditional retirement could span 30 years and inflation lowers your purchasing power 2-4% per year. The math doesn't work. The golden years become the lower-middle-class revisited. That's a bittersweet ending.

c.If the math does work, it means that you are one ambitious, hardworking machine. If that's the case, guess what? One week into retirement, you'll be so damn bored you'll want to stick bicycle spokes in your eyes. You'll probably opt to look for a new job or start another company. Kinda defeats the purpose of waiting, doesn't it?
Author: Tim Ferriss, Source: The Four Hour Work Week, p31Saved by mlsscaress in happiness work job enjoy retirement ambitions prime waiting acting 12 years ago[save this] [permalink]

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