Reflections On Retirement

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I see all the nonsense here and other places about making tons of money by next Tuesday and then.......then what? I retired once. It was the worst four days of my life. I'm never going to do that again. I'm going to work until they pry my mouse out of my cold dead fingers. Today I have reached the age that many Americans look forward to as their retirement goal. My buddy tells me I ought to go fishing. I hate fishing. Its boring. I haven't fished since they made me stop using dynamite. If I want fish I can buy fish in a store. I can go to Long John Silver's. Who needs it?
- Three years ago right now we were in the midst of an economic crisis the like of which this country hadn't seen since the 30s. Many were predicting the end the world. (Surprise, three years later we are still here and the crisis shows many signs of improvement.) What was I doing while this was going on? Setting new goals. Looking forward and moving forward. Three years ago today I bought a new notebook at Staples and I labeled it "Operation Poseidon". You remember him. Greek God of the sea, carried a little pitchfork with three tines. I set myself three modest goals. To make a million dollars in the equity markets, (stocks, options & bonds) to make a million dollars in real estate and to make a million dollars online. Who cares if I ever actually do or not. It isn't the destination that counts, its the journey. I don't want to live an extravagant lifestyle. I want enough to live well. I don't want a McMansion, I want my house paid for. I'd like a new car every couple of years but I don't want an Italian sports car that I can't spell and have to lay down to get in and drive. Beyond my needs and wants I'd like to be able to fund scholarships at the various colleges and university I took degrees from. I'd like to make meaningful donations to a couple of charities like St Jude's and the Arkansas Children's Hospital. As long as I feel well and wake up every day excited about what I do I'll keep on. When my journey is finished I hope someone will be kind enough to take my ashes home to the place of my birth and scatter them among the hills and lakes of northern Michigan.
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Anyone else have any thoughts on what you'd do if you had all the money you needed and all kinds of time on your hands? Would you really retire?

Thomas
  • Profile picture of the author ThomM
    Tom the part about fishing sounds like the reason I don't hunt anymore

    My father was 58 when I was born so I was still very young when he was forced to retire in his 70's. As he said worst thing that ever happened to him. Seeing how quickly his health and spirits went donw the tubes I devised an alternate plan. I retired in my early 20's and didn't really start working till I was around thirty. My thinking was to retire when I could take advantage of it and then just work till I died. The key is working at jobs you really enjoy. In my life I've only had two jobs I didn't like. One was a factory job and one was working for these two yahoo's GarWood Custom Boats
    I would of really enjoyed building the boats, but the brothers had no clue how to run a business with employees and I was allergic to the epoxy used. In fact I had a rash the started on the top of my head and ended on the soles of my feet the whole time I worked there
    Now I work for a friend, mostly mowing lawns after 30 years in the landscaping business. I love it. I'm outdoors, getting great exercise and my thoughts are my own. I wouldn't have a problem doing this till I die. In fact I'm getting ready to get back into IM (on my terms), and even if that takes off, I'll still mow lawns at least a couple days a week.
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    Life: Nature's way of keeping meat fresh
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    As you are I was, as I am you will be
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  • Profile picture of the author Thomas Wilkinson
    Enjoying what you do is the key to being really productive. When I was in college I worked in welding and fabricating. I enjoyed the work but I hated HAVING to do it day in and day out. Now I build something when I feel the need to work with my hands. I still build 5 or 6 utility trailers or car haulers a year. Its a great outlet. I have a pretty good rep. around the area so I almost never have to advertise them. Its creative, no different that painting or ceramics might be for some one else. The money I make goes into my coffee can account. (My tax guy really hates that title.) Historically it really was kept in a coffee can. These days in a Pay Pal account. Money that falls out of the sky goes there. I like running up the score.

    Thomas
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    When you hear someone telling you what YOU can't do, they are usually talking about what THEY can't do.
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    • Profile picture of the author Ben Armstrong
      "It isn't the destination that counts, its the journey."

      That sums up my thoughts perfectly.

      I'm smart enough to realize that if I suddenly had a million dollars, the excitement would be short lived. Just like it was when I finally got my first car, or my first house, or my first job, my first 10,000 dollars etc.

      As for retirement... Seems a little foolish to spend your entire life building towards that one goal, not having any idea what it will be like when you get there, or even if you'll live long enough to get there. Yet everyone I know seems to be happy to follow that path.
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      • Profile picture of the author ThomM
        Originally Posted by Ben Armstrong View Post

        "It isn't the destination that counts, its the journey."

        That sums up my thoughts perfectly.



        As for retirement... Seems a little foolish to spend your entire life building towards that one goal, not having any idea what it will be like when you get there, or even if you'll live long enough to get there. Yet everyone I know seems to be happy to follow that path.
        I have some friends that have worked jobs their entire lives they hated.
        They did it for the retirement benefits.
        I don't see the payoff when you spent 40 hours a week, 50 weeks a year for 30 years being miserable.
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        Life: Nature's way of keeping meat fresh
        Getting old ain't for sissy's
        As you are I was, as I am you will be
        You can't fix stupid, but you can always out smart it.

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        • Profile picture of the author Ben Armstrong
          Originally Posted by ThomM View Post

          I have some friends that have worked jobs their entire lives they hated.
          They did it for the retirement benefits.
          I don't see the payoff when you spent 40 hours a week, 50 weeks a year for 30 years being miserable.
          Exactly.

          For people who are doing something they love doing and getting paid for it, I think it's great. But for anyone else, how can this not be viewed as utterly insane?
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