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sabato 15 marzo 2014

What retirement means to me

What retirement means to me





via Early Retirement Extreme:



Following this post, I got this interesting question from “The Executioner” (slightly rephrased)



“You still have a full-time job, right? How can you call your blog “Early Retirement Extreme” if you’re still on someone’s payroll as a full-time employee?”



Yes, I have a a full-time job, a part time job, I write this blog, I’m working on a book, and I’m also on the board of a non-profit organization. I only live so long and there is so much to do, so I doubt that I will ever be able to sit still viz. “retire”. I am busy 14 hours a day (including weekends). I have always considered my work more of a “mission” than a job. It is essentially an expression of who I am. This is how it should be given how much time I spend doing it.


The thought of wasting my (finite) time is appalling to me. The drive for financial independence based on a simple life has very much been driven by my dislike of trading my time for superfluous possessions and being told to do things that do not interest me (such as playing career and award games and dealing with corporate bureaucracy).


I try to live a balanced life. Hence it is doubtful that I will ever be “traditionally retired” in the sense of dropping out of without contributing anything productive anymore because I need to compensate for not having done what I wanted so far. I can see how dropping out would work for someone who has worked for 30+ years at a tolerable job spending time and energy trying to climb the ladder/pyramid and never had the time to do anything but think about work, earn money, pay bills, eat, and sleep. Retiring after such an ordeal, I can fully understand why they would want to do the things they have not yet had the chance to do. Many people decide to travel, probably because they have never been anywhere and they want to see the world before it is too late. And so they set out to do lots of traveling perhaps overcompensating a bit and after a few years of that they have had enough and so they settle down. I have lived in three different countries and been to 14 so far. Let me tell you, traveling quickly gets old and I have reached a stage where I hate traveling. I know several other “jetsetters” that feel the same way. The next hobby seems to be playing golf. For someone who hasn’t done any sport since leaving high school, a desire for physical/competitive activity is also understandable. Golf can be enjoyed at almost any age and so at age 65 it is one of the few things left to do for the untrained individual.


Yet why delay activities until age 65 at which time you can only play golf when you can play hockey with the occasional body-check (hey, it was an accident, I swear trading semi retirement retirement philosophy golf early retirement definition personal finance ) when you are 30, 40, 50, or even 60 and older (if you kept in shape). In general I am curious as to the choice of postponing enjoyment so far into the future that the options for enjoyment become limited due to age, health, and lack of time to develop the sophistication to enjoy things even more. Not that I don’t understand it. People are too busy trying to make money to pay for all their stuff. I think that is a shame.


I was actually talking with DW the other day of what exactly defines retirement. Normally it means “removed from all activity”. Yet if I were to spend all my time working on improving my golf game, would that not be work? What if I was working full time but not getting paid. Is that retirement? I think the definition is rather blurred. What it comes down to is whether you do things by choice or because you need to.


I still work, but I don’t work because I have to. You could get technical and call it semi-retirement or financial independence, but then again “earlyfinancialindependenceextreme.com” or “earlysemiretirementextreme.com” sound somewhat silly trading semi retirement retirement philosophy golf early retirement definition personal finance . This is one of the main reasons that the blog is named as it is. I wanted to have something catchy.


Besides, this blog is not just about me. If anyone gets inspired and adopts some of the methods and decides to drop out and play golf or move around, I’m fine with that. I am giving you the means.




This post is part of the Carnival of Financial Resources~”We’ve Got Snow!” Edition. Check it out!


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What retirement means to me

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What retirement means to me




via Early Retirement Extreme:

Following this post, I got this interesting question from “The Executioner” (slightly rephrased)
“You still have a full-time job, right? How can you call your blog “Early Retirement Extreme” if you’re still on some...

Read More: What retirement means to me

#Definition, #Early-Retirement, #Golf, #Philosophy, #Retirement, #Semiretirement, #Trading

venerdì 7 febbraio 2014

How to define work (and love)

How to define work (and love)





via Early Retirement Extreme:



Defining what work is it very difficult. Tim Ferris of the 4 hour work week made a big name of himself (or maybe it was his publisher) by thinking of work as things he does not enjoy doing. Others would say that he is working 100 hours a week. On a similar vein you can have 0 hour work weeks simply by changing your understanding of when you’re working and when you’re simply “doing stuff you love”, eh?


This is all nice but not a particularly new insight. After all, ten, twenty, forty, sixty,… years ago there were people who were passionate about their jobs and changed them if they didn’t like them, even while never reading a self-help book or attending personal development seminars.


I have been thinking of whether there is an objective way to define work (beyond the physical definition of force times distance) but I keep running into definitions(*) that would simply suit the way I see things, like the examples above. In conclusion, I can’t define work but I know it when I see it.


(*) Maybe it’s not work if it is done with the objective of learning, interest, social welfare, … but this is a cop out that would allow any definition of work and allow one to make the claim that one is not working. For instance, “volunteer work” certainly is work, right?


Yesterday, I made a comment about the guardian type enjoying work for its own sake. What this means specifically is that some people specifically enjoy that work (typically a job) brings structure to their life. They like fitting in. They like having a job title. They like advancing their career. They like the social status of “doing something for a living”. And so on. So what guardians actually enjoy is “job structure”.


When I was trying to define work, the best definition I came up with involved money. Since our culture is so “lucky” so as to define all kinds of value with money, a good definition of work would be something you would not do if you did not get paid. I think this would remove a substantial percentage of those who love their jobs.


Welcome to Costco. I love you.


An even better definition would be something your would do if you have to pay for it (presumably by working somewhere else—-which just makes the definition self-referential, see how difficult this is work definition personal finance ). I mean, I could essentially define physical exercise as work as it is structured, it comes with friends or “colleagues”, there is a form of advancement, etc. Paying for it definitely shows I value it for these qualities rather than the money it pays me. Introducing this requirement also removes internships, volunteering, etc. from the equation.


Then there’s this idea of loving your job. A job has many aspects. It usually involves doing something, but it usually also involves a combination of meetings, annual reviews, motivational courses, productivity courses, “team play”, office politics, career networking, branding yourself, having your work quantified instead of qualified, polishing your resume and appearance, water cooler small talk, annoying colleagues which you don’t get to choose, overtime, having to dress up, commuting, not being able to come and go as you please, etc. Now it may be that some are fortunate enough to love these things as well although I’m having a hard time wrapping my head around that.


This may simply be a personality issue (I also hate talking about the weather, sports results, and other people’s children). For some, these things may feel pretty natural or even partially desirable (I know a few people who looove meetings, mainly because they get to talk incessantly and literally have a captive audience who would otherwise prefer a more painless death). For others these things take time away from things they would like to do. Thus I think “loving” your work depends on the balance between the aspects you like and the aspects you don’t like. If you are only annoyed by your work 5% of the time (the 30 minute morning meeting), I think that could qualify as love.




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work definition personal finance

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