Early Retirement [Pros and Cons] - page 14.

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Quote from: chigo on September 20, 2023, 09:32:12 AM

.. he retired early (at the age of around 35 years) now he is around 45 years old but there is an illness he is suffering from and he has to get proper treatment which quite expensive, so he sold some of his valuables and also withdrew his investment in shares.

as long as you can still make money, don't even think about retiring early, I know early retirement is everyone's dream but who knows what will happen next, you have to maintain your grades and productivity so that you stay healthy and respected by people.

Retirement is never in my mind with the current economic woes in our country and inflation and the value of our currency going down pensioners are losing their pensions worth and besides the body will become weaker when it stops doing what it used to do for so many years, it's ok to take a short vacation or rest but we should always find ways to make money and get the body to work.
The mind and the body will suffer from boredom due to inactivity and it happens when you retire from work I've seen senior citizens still working because they don't want to procrastinate, which will harm their well-being.
Our time to retire will come when it's time for us to go into this world.

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It's the same thing that happens to millionaires like Mark Cuban, who after selling a company and retiring for a while decided that spending all day playing golf wasn't his thing.

And it's good that they made the decision to go back to work because having many millions, all the time in the world and being bored can land you in a detox clinic, or even more, dead from overdosing.

In the end the good thing about being rich and being able to retire is that if you feel like it you can retire for a season, like a long vacation that can be a year if you want. Then when you come back you work in what you like, what motivates you and with the schedules you set for yourself. It is very different to work for someone else on a fixed schedule that they impose on you and because you need money to eat than to work on something you like the way you plan it yourself.

chigo

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I read a very interesting article that actually happened very realistically.

Quote

retiring early is the new American dream. Imagine working for 15-20 years (instead of 40 years), investing half your income and retiring in your 30s or 40s. But a few early retirees have found out that it’s not as amazing as they thought it would be. We chatted with a few people who retired early — and then realized retirement wasn’t for them and started working again.

- I Wanted To Continue Providing Value
While retiring conjures up images of spending all day on the beach, many early retirees don’t feel satisfied doing nothing.

- I Wanted a Challenge
Retirement removes the challenges that work presents, which can be a good thing, but may also lead to boredom and a lack of purpose. Early retirees who have gone back to work respect the challenge of working for a business.

- I Wanted More Financial Security
Retiring early takes long-term discipline and a large enough nest egg to support your needs for the rest of your life. Sometimes early retirees simply didn’t have as much as they thought they needed or wanted more money to feel secure.

- I Didn’t Want To Retire, I Just Needed a Vacation
When you’re stuck in the daily grind, you might feel like the only escape is retiring from work forever. But in some cases, you are simply working too hard and need a long vacation.

- I Have a Passion for Entrepreneurship
Once you are retired, you have more time to pursue your passions. For some, those passions include entrepreneurship and running a business.

Read More: https://www.msn.com/en-xl/money/other/i-retired-early-and-regretted-it-why-i-went-back-to-work-to-continue-building-wealth/ar-AA1fBYHz?ocid=hpmsn&cvid=f2c759f9480f49fea02aa0d8288cc290&ei=16

this story is the same as what my cousin experienced, he retired early (at the age of around 35 years) now he is around 45 years old but there is an illness he is suffering from and he has to get proper treatment which quite expensive, so he sold some of his valuables and also withdrew his investment in shares.

as long as you can still make money, don't even think about retiring early, I know early retirement is everyone's dream but who knows what will happen next, you have to maintain your grades and productivity so that you stay healthy and respected by people.

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