Friday, July 13, 2007

All Stages of Life on Your Own Terms

Hello everyone.
I'll let you in on a little secret about me: I will never "retire". However, most financial planners advocate making retirement your number one savings priority. In the financial advising industry, there is much made about how you need to begin saving early in order to have a "comfortable" retirement. Because Baby Boomers - the parents of Generation Y - will more than likely deplete Social Security reserves, many financial planners often quote a very round and a very large number - $1 million or better - that they believe is necessary to live well once you no longer have a steady paycheck from an employer coming in.

When most people think about retirement, if they ever think about it, they think of a time of "unfettered leisure". A time of their life away from corporate culture, and the demands of regimented employment. The word "retirement" also connotes that for thirty or forty years, one does something in exchange for payment that's not altogether pleasurable. And then, and only then does she do something fun and energizing.

Earlier in this post, I told you that I'd never retire. My reasons are twofold. Reason number one is that I don't believe in working hard at something you don't enjoy doing just for a paycheck and delaying engaging your passions until later on in life. Life and work should be intertwined and one should be a manifestation of the other. Although my current job as a paralegal doesn't represent my life and my vision of myself, in short, I will always strive to do work that is invigorating and expressive. My second reason for never retiring is that I truly believe that if you love what you do, you can always do it (no matter how old you are) and there's always a way to transmute that passion into cold hard cash.

Don't get me wrong though. My eschewing of the conventional notions of "retirement" doesn't mean that I am against saving and investing so that you have the option to pursue anything your heart desires. Quite the opposite. You should indeed save and invest as much as possible, but while working on your own terms. Don't sell your labor for a paycheck while putting your dreams on hold until 59 and a half or 60. We all must die one day, and not one of us knows when that day will be. Unfortunately, some of us will not make it these great birthday milestones.

I was inspired to write this post by this particular article on MSN Money:

http://articles.moneycentral.msn.com/RetirementandWills/
PlayingCatchUp/RetirementForManyThatsNoOption.aspx?page=all

It talks about how many people are not saving for retirement, but lots in our generation are. The article also speaks of the fact that as a result of not putting anything away and overspending, some will have to "work" until they die. You've heard this mantra before, but it bears repeating. If you love what you do, you will never have to "work" a day in your life. And if you want to actively pursue life until the day you die, that's fine by me because I plan on doing so myself. but you don't want to have to "work" in the conventional sense of the word for the rest of your life. In fact, you should never "work". Finding and doing what you love, in addition to saving and investing aggressively throughout your life will ensure that you can live on your own terms, i.e. not "work" until you die.

Thanks for reading and until next time...

8 comments:

oakleyses said...

jordan shoes, prada handbags, nike air max, nike air max, kate spade handbags, louis vuitton outlet online, christian louboutin, coach outlet store online, oakley vault, longchamp handbags, red bottom shoes, coach outlet, michael kors outlet online, christian louboutin outlet, longchamp outlet, nike free, true religion outlet, christian louboutin shoes, tiffany and co jewelry, louis vuitton outlet, michael kors outlet store, gucci handbags, louis vuitton outlet, longchamp outlet online, louis vuitton handbags, chanel handbags, ray ban sunglasses, polo ralph lauren, true religion, michael kors outlet online, burberry outlet online, cheap oakley sunglasses, tory burch outlet, michael kors outlet, coach purses, polo ralph lauren outlet, burberry outlet online, ray ban outlet, kate spade outlet online, michael kors outlet online, tiffany jewelry, oakley sunglasses, nike shoes, louis vuitton, coach outlet, prada outlet, michael kors outlet online

oakleyses said...

ray ban pas cher, ray ban uk, chaussure louboutin, hermes pas cher, air jordan, new balance pas cher, nike roshe run, louis vuitton pas cher, true religion jeans, lululemon, nike air max, nike roshe, nike blazer pas cher, nike air max, nike free, michael kors canada, hollister, ralph lauren pas cher, sac vanessa bruno, louis vuitton, burberry pas cher, longchamp, nike air force, converse pas cher, abercrombie and fitch, nike free pas cher, air max pas cher, ralph lauren, vans pas cher, sac michael kors, north face pas cher, sac louis vuitton, michael kors uk, scarpe hogan, hollister, guess pas cher, north face, timberland, true religion outlet, air max, barbour, longchamp pas cher, louis vuitton uk, tn pas cher, oakley pas cher, lacoste pas cher, mulberry

oakleyses said...

roshe run, bottega veneta, celine handbags, jimmy choo shoes, mac cosmetics, canada goose outlet, lululemon outlet, rolex watches, new balance outlet, beats headphones, giuseppe zanotti, mont blanc pens, vans outlet, marc jacobs outlet, ugg soldes, ugg boots, chi flat iron, canada goose outlet, instyler ionic styler, uggs outlet, north face outlet, mcm handbags, insanity workout, nike trainers, wedding dresses, p90x workout, ugg outlet, hollister, ferragamo shoes, herve leger, abercrombie and fitch, soccer shoes, uggs on sale, ugg, valentino shoes, longchamp, nike huarache, north face jackets, ghd, babyliss pro, canada goose, asics shoes, nfl jerseys, reebok shoes, birkin bag, canada goose outlet, soccer jerseys

oakleyses said...

canada goose, moncler, pandora charms, toms outlet, lancel, pandora uk, moncler, links of london uk, parajumpers outlet, oakley, moncler, nike air max, converse shoes, juicy couture outlet, louis vuitton canada, baseball bats, ray ban, swarovski uk, replica watches, moncler, supra shoes, gucci, ugg, converse, air max, vans, hollister canada, canada goose uk, moncler, timberland shoes, canada goose, ralph lauren, thomas sabo uk, uggs canada, iphone 6 case, wedding dress, canada goose pas cher, montre femme, moncler outlet, hollister clothing, swarovski jewelry, pandora jewelry, hollister, coach outlet, karen millen, moncler, louboutin, juicy couture outlet

Zheng junxai5 said...

2015-09-02 zhengjx
jeremy scott adidas
tory burch outlet
gucci shoes
louis vuitton handbags
mcm outlet
louis vuitton outlet
louis vuitton handbags
hollister clothing store
michael kors outlet
louis vuitton handbags
michael kors
louis vuitton
louis vuitton handbags
coach outlet store online
celine luggage tote
ray ban uk store
caoch outlet
air force 1 trainers
kate spade outlet
fitflops
toms wedges
jordan 3 white cenment
polo ralph lauren
air max uk
toms outlet
michael kors outlet
coach outlet store online
coach factory outlet
louboutin
michael kors
louis vuitton handbags
christian louboutin shoes
air max
air jordan 13
louis vuitton bags
michael kors outlet
toms outlet
louis vuitton
michael kors outlet online
jordan 4 retro

ninest123 said...

ninest123 16.04
nike air max, louis vuitton outlet, louis vuitton outlet, ugg boots, prada outlet, replica watches, tiffany jewelry, louboutin, coach purses, oakley sunglasses, nike free, nike outlet, gucci outlet, louis vuitton, uggs on sale, tiffany and co, christian louboutin outlet, louis vuitton, ray ban sunglasses, prada handbags, kate spade outlet, louboutin shoes, true religion jeans, coach outlet, ugg boots, nike air max, cheap oakley sunglasses, kate spade handbags, oakley sunglasses, louboutin outlet, polo ralph lauren outlet, ray ban sunglasses, replica watches, chanel handbags, longchamp outlet, true religion jeans, true religion outlet, coach outlet, polo ralph lauren outlet, replica handbags, tory burch outlet, longchamp, longchamp outlet, jordan shoes, oakley sunglasses, ray ban sunglasses, oakley sunglasses, true religion jeans, louis vuitton

ninest123 said...

soccer shoes, p90x workout, giuseppe zanotti, asics running shoes, nike trainers, birkin bag, nike huarache, hollister, jimmy choo shoes, chi flat iron, iphone 6s cases, louboutin, soccer jerseys, ralph lauren, iphone 6 plus cases, lululemon, reebok shoes, north face outlet, ipad cases, iphone 6 cases, hollister, bottega veneta, wedding dresses, nike air max, new balance, baseball bats, iphone cases, ferragamo shoes, mont blanc, s5 cases, herve leger, celine handbags, vans shoes, mac cosmetics, ghd, instyler, nike roshe, nfl jerseys, babyliss, north face outlet, insanity workout, valentino shoes, nike air max, iphone 5s cases, hollister, mcm handbags, iphone 6s plus cases, abercrombie and fitch, longchamp, timberland boots, oakley, beats by dre

ninest123 said...

ugg,uggs,uggs canada, ugg boots uk, moncler, swarovski crystal, swarovski, hollister, juicy couture outlet, moncler, moncler, pandora charms, ugg pas cher, moncler, canada goose, louis vuitton, canada goose, canada goose outlet, vans, wedding dresses, louis vuitton, replica watches, bottes ugg, louis vuitton, moncler outlet, sac louis vuitton pas cher, thomas sabo, supra shoes, ugg,ugg australia,ugg italia, doudoune canada goose, coach outlet, moncler, pandora jewelry, moncler, barbour jackets, moncler, barbour, converse, gucci, marc jacobs, lancel, karen millen, pandora charms, canada goose, louis vuitton, canada goose uk, montre pas cher, links of london, pandora jewelry, juicy couture outlet, converse outlet, canada goose outlet, toms shoes, ray ban, canada goose
ninest123 16.04