From what I've read of FIRE is they dont fully retire or aim to at least, its about choices and freedom. Many people are chained to their job, ie. wage slaves. They had gained too much debt and without excess work cannot repay the debt, in fact would be bankrupt.
Spare capacity in your finances allows people to go freelance or part time, travel for a year before starting another job elsewhere not to worry about it especially. I like the idea and I agree never retire is best as you can lose focus, depends on the person.
Topic: I plan to never retire. (Read 297 times)
What about you guys?
Imho retirement means leaving the 20h/week job and do what you like, with no fixed schedule, no boss, no deadlines.
I'd like to get there after some year. I want my kids first get big enough, secure enough.
Then, if job and Bitcoin allows retirement, why not? There's quite a big world to see, there are quite a lot of things I'd like to try, there are quite some ideas of personal project I'd like to pursue.
But that doesn't mean to start a business and work even more to keep it running,
And that doesn't mean to do nothing.
And clearly doesn't mean to leave the forum forever.
If you were retired, would you mind very much doing a job like participating in a paid signature campaign of the forum? I wouldn't, and even less if it's one of those that doesn't have a weekly minimum.
Lately my job and life doesn't allow me stay on this forum as I did "in the good days". And that's exactly what I do now: wearing signature in campaigns with no weekly minimum. I find them a great idea. Actually I am surprised that there are still so many campaigns with imposed minimum.
Of course that as long as I can (i.e. I'm allowed to do it) I'd do this, even if I'd be "retired".
There's only one catch imho. If one affords to retire, he may not care about the few $ such a campaign offers per post. And he may just leave the spot for others who may need it more. But that's a different story. Nowadays there are also campaigns with no pay, they're also always an option.
This thread is in contrast to the following one:
Financial Independence Retire Early [F.I.R.E]
It's not that I want to make a competition between the two threads, far from it, but I have long thought that even if the time comes when I accumulate so much wealth that I can retire, even before the ordinary retirement age, I don't plan to do so. I will first quote part of what I said in that thread:
I would also like to say that I'm not pretending this is an idea that I invented. I'm sure I've heard it from several public figures, one of whom was Dave Ramsey.
If you were retired, would you mind very much doing a job like participating in a paid signature campaign of the forum? I wouldn't, and even less if it's one of those that doesn't have a weekly minimum.
If we think about physical jobs and people going through hardships to do them, like miners during the industrial revolution, then we will surely want to retire as soon as possible. But today there are many jobs that can be done with a computer. And if you have accumulated enough money to retire, you can also make a small investment to start a project that motivates you. That is why I say that I plan, one way or another, never to retire, at least as long as my cognitive abilities allow me to do so.
What about you guys?
I'm not a fond of retire because for me, being retired basically means that you are a parasite with lots of money that tries to spend the rest of the world without moving ass up while others work very hard. I believe that our, humans' aim is to develop and advance in this life. That's why we are different from the rest of the species and that's why we can be on land, sea, air and space. That's what I like about Elon Musk, he has all the money, all the power and all the fame but he still works harder than the 99% of the whole world population. The guy can retire anytime but he doesn't do it.Financial Independence Retire Early [F.I.R.E]
It's not that I want to make a competition between the two threads, far from it, but I have long thought that even if the time comes when I accumulate so much wealth that I can retire, even before the ordinary retirement age, I don't plan to do so. I will first quote part of what I said in that thread:
I am not attracted to this movement, and in 5 to 10 years at the most I will be able to quit my job, or spend a year traveling around the world if I want to. Some FIRE stories are of a sub-human stinginess to reach the goal of financial freedom, and then when they get it they still find it hard to spend the money. Also, having no obligations, lots of free time and little to do ends up with some people dying from overdoses or things like that. Those who don't take that route end up going back to work, but in something that they want, that motivates them and being their own boss. Marc Cuban would be an example.
I would also like to say that I'm not pretending this is an idea that I invented. I'm sure I've heard it from several public figures, one of whom was Dave Ramsey.
If you were retired, would you mind very much doing a job like participating in a paid signature campaign of the forum? I wouldn't, and even less if it's one of those that doesn't have a weekly minimum.
If we think about physical jobs and people going through hardships to do them, like miners during the industrial revolution, then we will surely want to retire as soon as possible. But today there are many jobs that can be done with a computer. And if you have accumulated enough money to retire, you can also make a small investment to start a project that motivates you. That is why I say that I plan, one way or another, never to retire, at least as long as my cognitive abilities allow me to do so.
What about you guys?
If I ever reach the state of life where I'm financially independent, I won't retire. I'll invest in my hobbies and try to become famous with it. I love too many things to do every day and I also want to be famous, so... I'll only retire when my mind and body will shut down. I'm workaholic too.
You can do whatever you want with your life. Some people want to retire, others don't. I'm a lazy person and I want to retire, but I'm still relatively young. There's are two ways to retire:
1.Become rich enough and save enough money, so you don't have to work for the rest of your life.
2.Rely on the government pension/retirement system after you have worked to a certain age(and you have paid your taxes and social insurance).
I don't like the concept of working until you die. Would you still work at the age 75? Or 80? Or 90? At some point, your productivity is going to decline severely. I know that most employers hate working with old people. There's a thing called "age discrimination" and I know that I won't be able to compete with younger people on the labor market after several decades. Add AI labor to the equation and everything becomes even more confusing.
1.Become rich enough and save enough money, so you don't have to work for the rest of your life.
2.Rely on the government pension/retirement system after you have worked to a certain age(and you have paid your taxes and social insurance).
I don't like the concept of working until you die. Would you still work at the age 75? Or 80? Or 90? At some point, your productivity is going to decline severely. I know that most employers hate working with old people. There's a thing called "age discrimination" and I know that I won't be able to compete with younger people on the labor market after several decades. Add AI labor to the equation and everything becomes even more confusing.
It all comes down to your definition of job, or to put simply about what you do to make money. If it is something that you hate or don't really like and you are just doing it to get paid, then of course you would want to retire as soon as possible.
This is why we see most people want to retire early!
But if your "job" is indeed something you truly love, then why would you want to abandon it ever?
This is why you rarely see anybody who doesn't look forward to retirement. Because so many people have jobs they hate.
You have just nailed it... Your reply is the perfect answer to this question. We all can see how people find themselves in different fields of work where some are hard while some are soft and the hard work people often retire quick due to the nature of there job because if they don't do so it will affect their old age so badly. Will some don't feel like to retire because they love what they do. They may only retire except nature permit them to do so, by not being physical strong. Sometimes retirement may not necessarily mean one is totally out of work but may not be as active as they used to before but only reduces the level at which they often do before. This is why we see most people want to retire early!
But if your "job" is indeed something you truly love, then why would you want to abandon it ever?
This is why you rarely see anybody who doesn't look forward to retirement. Because so many people have jobs they hate.
For me if I do a less stressful job, I will not retire until my bones becomes weak and I see that no matter how hard I tried that it didn't work.
If we think about physical jobs and people going through hardships to do them, like miners during the industrial revolution, then we will surely want to retire as soon as possible. But today there are many jobs that can be done with a computer. And if you have accumulated enough money to retire, you can also make a small investment to start a project that motivates you. That is why I say that I plan, one way or another, never to retire, at least as long as my cognitive abilities allow me to do so.
What about you guys?
What about you guys?
Let's put it this way: Anything that buys my time, I would quit it without any hesitation.
The question has been addressed multiple times by many of us.
If I could have enough money to live without doing a 9-to-5 job, I would do it without hesitation.
If I could have enough money not to need any cash inflow ever again in my bank accounts, I would do it without hesitation.
You 're not refering to a job though, but rather a hobby / project that can potentially give you variable returns. That's another story. It can happen, but it's not mandatory.
What is meant by retirement? Complete idleness, lying on the couch with a glass of beer and watching football? I hear such desires from my friends. But all this idleness will certainly lead to physical inactivity, which will ultimately affect health in a very short time.
People who are accustomed to living in society suffer greatly when they are sent into retirement, and they are deprived of the great communication and recognition that they had before. That is why we need to prepare ourselves for the fact that we may have to leave our workplace, but we are not obliged to completely stop working. Let it be the opening of your own small business that brings passive income but with regular control and participation in it.
Otherwise, all our long-term expectations of that freedom that will not require monetary need from us will turn into the most unpleasant existence, and let it be rudely said: in anticipation of our death.
People who are accustomed to living in society suffer greatly when they are sent into retirement, and they are deprived of the great communication and recognition that they had before. That is why we need to prepare ourselves for the fact that we may have to leave our workplace, but we are not obliged to completely stop working. Let it be the opening of your own small business that brings passive income but with regular control and participation in it.
Otherwise, all our long-term expectations of that freedom that will not require monetary need from us will turn into the most unpleasant existence, and let it be rudely said: in anticipation of our death.
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Based on what I think about retirement or retiring from a job, it has to do mostly with some hard jobs, time consuming jobs and energy draining jobs, etc (other kinds of job you can think of which actually have age limit).
Like the example you gave, "mining job," it's not a job that someone should be doing if they are above 60 years. Site/road construction jobs (unless you are just a supervisor) is also a kind of job that requires energy and a lot of time until the contract if finished, class room teacher, bricks layer, etc.
Those are the kinds of job that I think retiring when you are old and also when you have saved up some money is very important. The advantage is that, when you stop doing those hard jobs (after you are retired) your life spam will not be cute short because you will get to have a lot of rest, enjoy the money you have already made and carry out only minor activities that doesn't consum so much of your energy and time to rest.
If maybe my occupation or job is not something that is very demanding, energy consuming, hard tasks, requires me to be present for 12 hours everyday from Monday to Friday, then I don't think I will retire very early. If I will just have to stay at home and spend few hours online to execute my job, then retiring is not my option. If I can be where ever I want to be and still be able to execute my job within few hours, then I will not retire, unless I have made so much money that I can not even be able to spend all before life after.
Like the example you gave, "mining job," it's not a job that someone should be doing if they are above 60 years. Site/road construction jobs (unless you are just a supervisor) is also a kind of job that requires energy and a lot of time until the contract if finished, class room teacher, bricks layer, etc.
Those are the kinds of job that I think retiring when you are old and also when you have saved up some money is very important. The advantage is that, when you stop doing those hard jobs (after you are retired) your life spam will not be cute short because you will get to have a lot of rest, enjoy the money you have already made and carry out only minor activities that doesn't consum so much of your energy and time to rest.
If maybe my occupation or job is not something that is very demanding, energy consuming, hard tasks, requires me to be present for 12 hours everyday from Monday to Friday, then I don't think I will retire very early. If I will just have to stay at home and spend few hours online to execute my job, then retiring is not my option. If I can be where ever I want to be and still be able to execute my job within few hours, then I will not retire, unless I have made so much money that I can not even be able to spend all before life after.
You know, I have seen many people who have reached the retirement period but have not used the money they received because they did not use the retirement fee they received correctly or correctly, even though they have a pension that they receive because of the benefits they have accumulated for several decades.
I, on the other hand, retired early from being an employee, because I did not want to have a boss and I did not want to be in control of my time, I wanted to be in control of my time, and I found it now through online in front of my desktop computer and I discovered this Forum and learned about bitcoin and cryptocurrency which now gives me profit to sustain my financial needs.
I, on the other hand, retired early from being an employee, because I did not want to have a boss and I did not want to be in control of my time, I wanted to be in control of my time, and I found it now through online in front of my desktop computer and I discovered this Forum and learned about bitcoin and cryptocurrency which now gives me profit to sustain my financial needs.
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Retiring and going back to staying idle can in a way manifest negatively on our health. Most retirees particularly those that are with Jobs of limited service years, after retiring many do die from ailments not long after retirement and this is as a result of their not being accustomed to seating idly. This gets to affect them psychologically too.
It only takes a mind that understands productivity and creativity to stay engaged after retirement. When a person fails to add value while they were young will have nothing to contribute to themselves when their retirement is due. Person growth is just the only way to navigate this system where one retires and stay idle. If there is a soft skill project/ freelancing can become a job after retirement Quote
But finding some other mild job to do that could rake in half of a cake after retirement gets difficult with age in a society where job opportunities are very limited, as employers will rather want to employ vibrant persons in their mid life than an old retiree whose productivity level is in doubt. I think people's perspective about retirement would depend so much on the systems in place in our different societies.
Finding a mild job in a supposed retirement age is not really what the time. Aside employers seeking for vibrant youths to fill up positions, the person due for retirement will have little or nothing to offer the employer. If the goal isn't retire and work smarter by taking good advantage of the digital space or creating solutions that the world will need then it's best to retire and stay idle 
Retiring and going back to staying idle can in a way manifest negatively on our health. Most retirees particularly those that are with Jobs of limited service years, after retiring many do die from ailments not long after retirement and this is as a result of their not being accustomed to seating idly. This gets to affect them psychologically too.
But finding some other mild job to do that could rake in half of a cake after retirement gets difficult with age in a society where job opportunities are very limited, as employers will rather want to employ vibrant persons in their mid life than an old retiree whose productivity level is in doubt. I think people's perspective about retirement would depend so much on the systems in place in our different societies.
But finding some other mild job to do that could rake in half of a cake after retirement gets difficult with age in a society where job opportunities are very limited, as employers will rather want to employ vibrant persons in their mid life than an old retiree whose productivity level is in doubt. I think people's perspective about retirement would depend so much on the systems in place in our different societies.
Men will never able to retire, while women have a chance.
When men have many business, they have to think about the decision they would made, any fatal decision comes from the CEO. If they only have enough money to cover annual spending, it doesn't enough because wife always force their husband to generate more money, women tend to increase their lifestyle.
Sometimes, working until die doesn't sound bad.
You might be making some points here but I refuse to think it's about gender but choice, no matter how rich a person is, be it a man or woman it's their decision to decide not to work again after retirement age and enjoy their old days with families, travel round the world like Mr Poker Player Stated or do those stuff they weren't opportuned to do during their working days. However the world has gone digital and currently their are many jobs online currently so those people at retirement age can sit at home and find some paying digital skill, be it free lancing, content creation etc. Well, there's no doubt that some women love to relax and remain idle and force their husbands to make more money and elevate their standards but it's not something to be generalized cause not all women choose to be house wives that only stay at home and do home duties then depend on the finance their spouse provide, some love to be among the working class and earn as well. When men have many business, they have to think about the decision they would made, any fatal decision comes from the CEO. If they only have enough money to cover annual spending, it doesn't enough because wife always force their husband to generate more money, women tend to increase their lifestyle.
Sometimes, working until die doesn't sound bad.
I recently found out that I'm kind of like a workaholic
What would I be doing when I retire?
Retire from my current job? Definitely
But stop working altogether
I doubt I can
I would feel I'm not been productive enough
Mind you I love my rest and peace of mind but I have to achieve something with result to feel at Ease.
One of my to-do list is travelling around the world but not something I can revolve my life around in my old age.
Thank God for the online market. So no need to strain the body muscles.
What would I be doing when I retire?
Retire from my current job? Definitely
But stop working altogether
I doubt I can
I would feel I'm not been productive enough
Mind you I love my rest and peace of mind but I have to achieve something with result to feel at Ease.
One of my to-do list is travelling around the world but not something I can revolve my life around in my old age.
Thank God for the online market. So no need to strain the body muscles.
The idea doesn't seem right to me but it's your choice.Retirement has it's own way of relieving an individual in so many ways and that's just the reason why many person's would love to get to that stage.Different people probably have different opinions and perspectives about the concept of retirement and that brings the difference amongst others.
If we think about physical jobs and people going through hardships to do them, like miners during the industrial revolution, then we will surely want to retire as soon as possible. But today there are many jobs that can be done with a computer. And if you have accumulated enough money to retire, you can also make a small investment to start a project that motivates you. That is why I say that I plan, one way or another, never to retire, at least as long as my cognitive abilities allow me to do so.
What about you guys?
Most times I hear people say they want to retire I only have one thing in mind they wish to retire from doing hard jobs to fetch money. But I notice that they mean not to do anything else and enjoy all the money from their pension or investment. Everyone might have a different definition of what they mean by retirement but in my case. I chose to retire because I had a dream, I had planned at an advanced age that I would set up. This will require time and attention and not physical strength. What about you guys?
Also, I am not doing it to chase money. Rather I am doing it because i want to also make a difference.
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Probably wouldn't have that kind of problem? I like drawing. Heck, I love it and I spend quite a few hours everyday training my skills so I reckon it could be something I do after I retire. Random drawings of my surroundings, going out there to draw famous sceneries, and stuff like that. Can also go in the route of drawing comics if I wanted to, updating whenever the hell I want. It's really just a matter of having something to do imo after retirement. Retirement isn't just resting, it's about doing whatever you wanted really.Still, if I get a pretty good job I highly doubt I'd retire early on. Being able to enjoy your job counts as a reason really to not retire early.
If you were retired, would you mind very much doing a job like participating in a paid signature campaign of the forum? I wouldn't, and even less if it's one of those that doesn't have a weekly minimum.
I'm here for so many years. I have a job that pays me well and I'm very focused on my job, I even tried to forget about Bitcointalk for a while but I swear, it's impossible for me. It's a habit for me to visit Bitcointalk, read threads and answer questions. My dream is to have the rest of the guys active on this forum because I'll really miss them. I already miss o_e_l_e_o, Lauda, TMAN and many other top members. Some were bad, some were good but they are part of history. If I retire early, I'll be here even if I don't wear a paid signature, that's 100% guaranteed.If we think about physical jobs and people going through hardships to do them, like miners during the industrial revolution, then we will surely want to retire as soon as possible. But today there are many jobs that can be done with a computer. And if you have accumulated enough money to retire, you can also make a small investment to start a project that motivates you. That is why I say that I plan, one way or another, never to retire, at least as long as my cognitive abilities allow me to do so.
What about you guys?
I don't know why but I'm afraid to retire ever, even if I earn millions of dollars, I'm afraid that one day I might be left without them and if that day comes, I need to be highly qualified and skilled in one specific job to survive but this fear also motivates me to invest in real estate and in businesses that won't die easily and when I'll have money, I plan to do that. I also plan to have a significant portion of my wealth stored in Bitcoin because no one will ever be able to steal a single penny from me if I am my own bank. What about you guys?
There are many people who retire early or leave their jobs because they are not profitable after a long time. Never mind investing, the salary they get is really below the standard monthly needs. If they have enough budget to start their own business, then they can quit their jobs which in reality only take up a lot of time and life and I think that makes sense.
Besides us loving the job, basically we need to fulfill our living needs. Many of these types of jobs are really time consuming and they cannot have a side job. Even if they force themselves to have a side job, in the end they have to sacrifice many things, including lack of adequate sleep and their health. Having a stable job that can guarantee prosperity is something to dream of, so there's nothing wrong with retiring early and developing another business.
Besides us loving the job, basically we need to fulfill our living needs. Many of these types of jobs are really time consuming and they cannot have a side job. Even if they force themselves to have a side job, in the end they have to sacrifice many things, including lack of adequate sleep and their health. Having a stable job that can guarantee prosperity is something to dream of, so there's nothing wrong with retiring early and developing another business.
It's not that I want to make a competition between the two threads, far from it, but I have long thought that even if the time comes when I accumulate so much wealth that I can retire, even before the ordinary retirement age, I don't plan to do so. I will first quote part of what I said in that thread:
I said something very similar to this in that thread you quoted.
I have always believed that early retirement is an overrated concept. How many people who worked for their money decide to retire early when they get to a certain stage of financial accumulation? Most people I've seen who retire early are born into wealth. People who keep getting money whether they work a day in their life or not.
As I said in the thread, even if I have a billion dollars today, I won't stop working because I would always want that money to keep growing.
With money like that there are many investments and businesses I can do that will not require too much of my time and also allow me to travel around the world like someone who is retired.
I'd retire in some other activities that I might be used to doing it. But I'll still find a way to make myself busy and find more purpose for my living. It's hard to get out of something that I've been used to do. I'll still do little jobs that are easy for me so still continue having cash flow and source of income. That's also what I've learned from the elders that I know, they've said to keep on doing what you are doing but with little efforts only as we grow older.
If you were retired, would you mind very much doing a job like participating in a paid signature campaign of the forum? I wouldn't, and even less if it's one of those that doesn't have a weekly minimum.
What about you guys?
Retirement can happen anywhere but mostly in the government sectors, you can as well find it in the private sector but it's kind of rare nevertheless the nature of retirement differs and with that you can decide to retire and still handle your personal business so if you must have accumulated much wealth you can decide to retire but handling your own business I think there's no need for that.
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