Is This Retirement?

12 years ago

For me it's not. It is another way of earning another income. A retirement is only for those who are doing nothing for themselves.

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buckeyes09

12 years ago

Perhaps. My definition is more of a metaphor.

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Christian

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David Sneen

12 years ago

If you decide to work full time in something you enjoy, that would sound like a great retirement. I have watched many of my parent's friends retire. The ones who saw retirement as a sit on the couch and watch TV had no purpose. Many of them died within a year. The ones that kept busy---had a purpose; a reason to get up in the morning--- tended to stay healthy longer.

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buckeyes09

12 years ago

Originally Posted by David Sneen

If you decide to work full time in something you enjoy, that would sound like a great retirement. I have watched many of my parent's friends retire. The ones who saw retirement as a sit on the couch and watch TV had no purpose. Many of them died within a year. The ones that kept busy---had a purpose; a reason to get up in the morning--- tended to stay healthy longer.

I'm 25, so I'm hoping to not die. But that's a great point about older people dying after they've lost something they're had.

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Christian

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GT

12 years ago

LOL, good question! I have family and friends who I am certain think of me as being "retired" because I work at home! Some of them treat me that way and phone me to get me to do things for them because they think I "don't do anything" so I've got lots of time to deal with their issues! lol

Personally, I don't think of myself as being retired because I still need to earn income from my efforts and I have not yet achieved the income level that I am working towards. Also, my ultimate goal is to get my Internet Marketing business rolling along independently so that my effort is minimal, but the income is steady.

Until that happens, I am still "working" for a living . . . (lol, if you can call THIS working!

)

GT

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buckeyes09

12 years ago

Originally Posted by GT

LOL, good question! I have family and friends who I am certain think of me as being "retired" because I work at home! Some of them treat me that way and phone me to get me to do things for them because they think I "don't do anything" so I've got lots of time to deal with their issues! lol

Little do they know.

Personally, I don't think of myself as being retired because I still need to earn income from my efforts and I have not yet achieved the income level that I am working towards. Also, my ultimate goal is to get my Internet Marketing business rolling along independently so that my effort is minimal, but the income is steady.

Well, again, I'm using it as a metaphor. I don't ever really want to retire. I view working for myself as retirement.

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Christian

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TBInternetMarketing

12 years ago

Originally Posted by buckeyes09

going to use this to fund future projects.

I have the same mindset! I love internet marketing etc, but recently I read about a guy who is making $600,000 a year online, but he has an office of staff working for him.
Honestly, while I'd love the money, I could think of nothing worse than having to go into an office every day to do IM and employing people in that office.

For me, IM is a way to generate money for future projects. One of my goals it to own 20 properties paid off in full, all earning me rental income each month....Now that is retirement

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buckeyes09

12 years ago

Originally Posted by TBInternetMarketing

I have the same mindset! I love internet marketing etc, but recently I read about a guy who is making $600,000 a year online, but he has an office of staff working for him.
Honestly, while I'd love the money, I could think of nothing worse than having to go into an office every day to do IM and employing people in that office.

For me, IM is a way to generate money for future projects. One of my goals it to own 20 properties paid off in full, all earning me rental income each month....Now that is retirement

I picked IM because of the barrier of entry. If I had hundreds of thousands, I'd probably start an offline business.

If I wanted an IM business as the end, I'd probably just have a much of VAs, not people in the office.

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Christian

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Jason Kanigan

12 years ago

Working for yourself is NOT retirement.

It's more an acceptance that NOBODY ELSE is responsible for your well-being and success...only you are.

True retirement is a state in which you have all the money you need for the rest of your life, and can fill your days with things that don't involve making money.

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Jit Lim 12 years ago

Great post and discussions! For me there's no such thing as retirement, its more about being "financially free" where your passive income exceeds your expenses. Basically you are free to do whatever you like to do and not worry about money.

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exiegarrett

12 years ago

nice post.....

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zeekr

12 years ago

I agree with Jit Lim. I think the key is to reach financial freedom, and I think most people that get there with their own effort would not choose to do nothing ever again with their lives but would leverage that to get even higher and better. Which would certainly still make money one way or another, or not?

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NicheDad

12 years ago

Heh, not even close bud. At least me personally anyway. I work harder now than ever!

I will say though, how hard you have to work depends on how smart you are about automation. Right now I'm in the building phase still so to speak, so I haven't yet automated all the stuff I need to.

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buckeyes09

12 years ago

Originally Posted by kaniganj

Working for yourself is NOT retirement.

It's more an acceptance that NOBODY ELSE is responsible for your well-being and success...only you are.

True retirement is a state in which you have all the money you need for the rest of your life, and can fill your days with things that don't involve making money.

Originally Posted by NicheDad

Heh, not even close bud. At least me personally anyway. I work harder now than ever!

I will say though, how hard you have to work depends on how smart you are about automation. Right now I'm in the building phase still so to speak, so I haven't yet automated all the stuff I need to.

Guys, it's a metaphor.

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Christian

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inf

12 years ago

Same here, I can't imaging myself retiring and having nothing to do. I constantly need smth to keep my mind working

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Usmile

12 years ago

For now, it's too early for me to say a word about retirement. Like you I also enjoy working, I love spending my time in productive things so that at the end of the day I can always say, it's good to be alive