Last week I got a massage.
It was different than any massage I ever received (which is why I am telling you about it). It reminded me of a key distinction between my most successful clients and those that seem to continually struggle.
The masseuse (I’ll call her GP for short) discovered a big knot in my shoulder and asked me if I work in front of a computer. I said I did and I’d been spending a lot more time typing than I usually do.
(The reason for my recent marathon typing sessions is the new report I’m working on. I’m sure it will open people’s eyes just like the Internet Business Manifesto did last year. More on that later…)
The conversation with GP drifted to how many hours a week I work, what I do, and what I do on the weekends.
When she heard how much time I took out of my schedule for fun and time with my family, she was surprised at how I’m able to squeeze in everything.
Her response was not unusual at all. In fact, whenever I explain my schedule I’m always greeted with envy first, followed quickly by confusion, then wonder at how I’m able to live my life so well.
Being polite, I asked GP about her schedule. Her answer absolutely horrified me…
GP had been working seven days a week for the past 6 months with no days off and no vacations. At first I thought I had misheard her, but I hadn’t. Six massages a day, day in and day out, for over 180 days straight.
She making six figures – but she’s living her "life" based on a faulty assumption I see entrepreneurs making far too often.
Look, even though I’m only 36 years old, I’ve already retired twice. Yet, today I am typing this note to you from my office surrounded by 12 exceptional employees. What happened?… Why the hell am I still working?
The reason I work today is: the whole concept of ‘Retirement’ is fundamentally flawed.
The idea that you should sacrifice the best years of your life hoping to discover magical happiness in your later years doesn’t prove out at all. It’s just an old-fashioned theory you’ve been sold – and all you have to do is look around to prove to yourself how unrealistic it is.
In case you didn’t know… only a very small percentage of seniors can actually retire. Nowadays most are forced to work to supplement their income. And the trend is only getting worse. With the recent collapses of private pensions and the continual decrease in purchasing power of social security, many experts have come to the same conclusion…
“I don’t think were going to see another generation that’s going to fully retire. There’s going to be a lot of people that are going to continue to work for the rest of their lives.” Doug Lockwood, Retirement Specialist, Harbor Lights Financial Group.
But what’s even worse is this sort of “hoping it will be better later” dramatically decreases the likelihood you’ll ever achieve the success you desire.
Soon I’ll tell you why this is. But for now you need to think about the answers to these two questions as you go through your day:
What if you could never retire?
What if the way you choose to work today would set the pattern you must continue until the day you die? What would you be doing differently?
Let me know your answers to these two vital questions by posting your comments here:
And if you think you know why this reduces your chances of overall success, tell me why.
Then be on the look out for another message from me… because I’m going to tell you how to dramatically increase your chances of success AND at the same time enjoy your life a whole lot more than you do now.
Interested?… Stay Tuned….
To Higher Profits
Rich Schefren
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Interesting Questions Rich!
I guess if I could never retire and I had to continue with my current schedule I would die an early death. What you are saying makes sense – I can see how this could even ruin my current productivity although I don’t know what the solution is. I am looking forward to your next post – I am really curious how you are going to answer this.
Wow Rich,
I know I wouldn’t want to be working like GP for the rest of my life if I couldn’t retire.
If I had to live the same pattern for the rest of my life, I would probably not want to work as much and work on something that I really enjoy doing. I would also probably take time off more often.
I think you make an interesting point about “hoping it will be better later” We spend too much time concerned about the future instead of creating the life we want now.
This concept does present itself in a very unique, yet ackward manner. For most of us to succeed, we either must work extremly hard and put in a lot of hours or else have a unique idea that we can sell to someone else, then walk away.
The issue is finding something that will allow us to be able to spend our time as we wish and desire. Having fun, spending quality time with our families and loved ones is certainly important to most of us. Yet it is not always practical, even for those of us who are able to have our own business. Working when and how we please and making a sufficient income to allow us the basic luxuries of life are difficul to attain.
I look forward to seeing other response to this question.
Hey Rich,
I live in a neighborhood where everyone is doing good by mainstream standards… nice house, BMW’s, 3 kids, couple of vacations each year…. the funny thing is, I was out in front of my house this morning at around 6am as I watched my neighbors all drive off to work… I live on Long Island – rush hour traffic is murder here… anyway… it’s funny you posted this today because my neighbors always marvel at the idea that I have a virtual business from my home and I go play golf during the day with the “retired” people – my wife works with me – so to most folks – it’s hard to understand how we do it.
Regarding the idea of being able to have free time… that’s the magic I learned from being in your course… currently I’m building my business virtually and have freed up a lot of time… everyday I have conversations with GP… all I want to do is help them, because retirement is so obviously an illusion…
Great Post Rich… keep’em coming
For the past 40 years (25 to 65), with the exception of a few days off during Christmas and a few days per year for camping trips, I’ve pretty much worked 12 – 14 hours per day 7 days per week.
It’s been an interesteing life being an electronics instructor, oceanographer, consulting engineer, author, publisher, lecturer, inventor, etc. but now, at 65, I hope that my intense interest in the internet coupled with my passion for writing will allow me to work less and have more time to enjoy life.
Besides the books already written (www.woodfoundations.com) and 4 more that are in the process of being written, I hope to establish a number of websites that will, hopefully, run mostly on ‘automatic pilot’, providing income for both my son and daughter (who also works with us).
I am blessed having a son that is a whiz IT guy (20 years experience) that can handle all the technical stuff while I spend my time on the writing.
At my present age, there is not a lot of ‘later’ left, but I hope to implement this plan soon so that I can pass on the wisdom that you have to my children so that they won’t make the same mistakes I’ve made.
Keep up the good work.
We all need your wisdom.
Looking forward to your next blog.
Very difficult questions to deal with Rich!
First response is I’d probably drop dead on the spot, at least
spiritually – the spark would literally go out. I hate what
I do for a living.
Time to really think on this.
Rich – I retired several times too – and found myself working long days again because I love what I do… so I get joy out of the way I spend my day and yes, I could be doing other fun “retirement” things – but really, they got boring too… so working and taking fun trips and just doing what I love is not work at all…
I would definitely do something that requires less hours per week than I currently do while maximizing the growth of my business. Basically, it goes hand-in-hand with what you’ve explained over the last year about the importance of systemitizing and automating what we do day to day. I think more people have to embrace the concept of enjoying a “retired-type” life now and not waiting until they are too old to really enjoy it. Creating a business that requires you to run it constantly is a long term recipe for burn out. I recommend anyone read the new book by Tim Ferriss called “The 4-Hour Work Week”. He has a lot of great ideas on how to create an autopilot business that uses systems, outsourcing, and automation to enable the business owner minimal involvement on a weekly basis. This creates the ability for people to design their business AROUND their preferred lifestyle and not the other way around- which is something you’ve also recommended.
Rich, thanks for the interesting post.
Kurt Hagemeister
Rich,
The answer is time effectiveness. You made that very clear in your recent webinar and it was a wake up call for me. Imagine–I teach this stuff all the time and had gotten away from using my time as effectively as I could myself!
Since I saw that webinar I’ve e-mailed the link to dozens of small and solo business clients who are all struggling with the same time issues, and I’ve gotten back on track.
You were 100% right–it’s not always the smartest person or the one with the coolest products that succeeds. It’s the one who is an expert at allocating their time effectively that ends up with more time to enjoy life.
Thanks for sharing your always-on-target insights.
All the best,
Janis Pettit
The concept of “work” can have many different meanings If you truly enjoy what you do to earn a living, it does not carry the same meaning of drudgery. Working 8 hours at a job you despise, can seem like 16 hours. Working 16 hours at a job you enjoy can seem like 2 hours!
Interesting that I chose today to come home early and read this particular email, because the questions you pose were running through my head.
I AM looking for something more fulfilling and less time consuming than what I am doing–besides the fact that the business I work for is failing and I’m likely a short-timer there anyway.
So, maybe this is my lucky day.
Looking forward to your next post.
Thanks.
Hi Rich,
Unfortunately, I also work 12-14 hours a day, 7 days a week, since ….. four years !!
It’s not because I enjoy doing what I do, not at all. It’s because I am 55, unemployed, with no resource, and I am struggling very, very hard trying to make this internet thing to work.
Whith no success at this time.
I tried all that the gurus tell me, I tried everything that could be done and each time that a small success happens, it doesn’t last for a sufficient time to launch an other thing. So I have to redo it as the first time.
In that condition, I can’t actually automate anything, because each day I have to try an other thing, expecting it will works this time ?
The retirement is not even a dream for me. I have to work to make my day…
And I wonder how everybody else make millions on the net…
Wish you the best
Jeff
Rich,
you are making probably the best point ever. All we do is about a good life – NOW! Who knows if we are blessed with a TOMORROW.
I start EVERY DAY with a one hour walk with my wife in one of the most interesting parks of our town. This is so good for our health, relationship, feelings, mood … And guess what – the park is almost empty besides the Sundays. Who of all rich people is that rich that he can have a one hour walk every morning?
Good luck with all your projects, Rich!
JAn
Wow!
Your point hit me in the stomach!
I would definitely use my time at my business way much smarter, and spend much more time with my family, hobbies, friends, recreation…
I will.
Thanks Rich
ps.: I love module 2 – it’ll also help with this same thing
For me it comes down to a question of efforts vs. results. Your masseuse is forced to continually put in a certain amount of effort in order to maintain her income level. When she stops working, she stops making money. Her income is a direct function of the number of hours that she puts in.
In the same situation, I’d put my focus on decreasing my own effort while still maintaining the same results. For me that is a question of investing in my business in order to decrease the number of hours that I work while maintaining the same level of output, and income. That would naturally include leveraging the time of others. Although that initially decreases profit margins, it increases the value of my time and frees me up to focus on building my business.
Rather than ramble on any further, I’ll sum up my answer in a single sentence:
You don’t want to be another wheel in the machine, you want to be the guy (or girl) who pushes that big red start button :)
Rich, what’s your schedule like?
Here’s what I would choose for the rest of my life:
More time making a difference in people’s lives and less time messing around with petty details.
Ironically, I realize that the choice is mine, but it’s hard to break free of the familiar and seductive pull of the way I’ve always done things.
It’s just a matter of overcoming the inertia and blazing a new path.
Here’s the way I see it:
By the time you’re in your 60’s you should at least have enough money saved/invested that you only need to work a few hours a week. Or you should have some kind of passive income or enough income coming in where you only need to work part time hours every week. I think the notion of retiring and then not having to work is unhealthy. Think about it, other than working, what else will you do with all your free time? Sit on the couch like a vegetable all day, everyday watching TV? That just destroys the mind and body. You can’t play golf and fish all day everyday. That gets old afterawhile. You can’t travel non-stop. So some kind of work, on a part time basis will keep your mind sharp and your body in better condition than someone who doesn’t. That’s my two cents.
If you enjoy what you do, you really love it, you could work at it until the day you die.
How may people can say they love what they do. I don’t
Rich,
Your questions come 4 years after I was forced to make the life changing decision. Having toyed with the idea of “doing my own thing”, the corporate that I worked for dispensed with my services with no warning. The opportunity to grab life with both hands and run with it does not come often enough for most of us!
So at this time I am doing exactly what I want, when I want and for who I want. I have taken on the idea of helping others find their ideal customers, delivering these “ideal prospects” back to the client’s site and benefiing from a share in the revenue that is generated.
The concept of residual income without all the baggage that is usually attached in the form of someone else’s company.
Life couldn’t be better. Doing this for the rest of my life is exactly what I have planned.
I think I’d spend more time with my family and traveling — that’s the main thing I’d change. I don’t intend to retire because I enjoy doing my “work” so much.
Rich, I am curious if your schedule is consistent throughout the years, especially when you enter launches and things that tend to be more stressful. I find the hours are sucked away very quick during launch periods.
You asked “What if the way you choose to work today would set the pattern you must continue until the day you die? What would you be doing differently?”
Thats why I joined your program! The way I was working was not going to allow me to retire nor would I be able to keep that pace in my later years.
Although my initial plan drifted towards building a business that would be self sufficient and successful enough for resale, NOW my plan has a definite path to that goal.
What am I doing differently? I’m creating a business that will support me, not me support it. One that will continue to function even if I’m not there. I’m working smarter not harder. If I am still working in my retirement years its going to be because I want to NOT because I have to.
Thanks Rich
By the way – I took my Kolbe index test and based on the results, the careers of the people who have similar scores…. I’ve been a few of those already. I want to try something different (when I grow up!) LOL
Hi Rich.
Unlike proably most of your clients, I have a pretty unconventional ‘job’ – I would call it ‘calling’.
I understood the ‘myth of retirement’ from the day I finished school.
I am going to do the things I do till the day I die and I’m very happy with that. In fact, I don’t what to retire in the conventional sense. My most desired thing is not to stay home and watch tv and chat with neighbours and go for vacation. Ugh….
Hi Rich,
Intersting to me too that you should raise this topic now. It’s a topic that I’ve been thinking about for some time. Here in the uK it was announced recently that not only do the 50-60 year olds have little or no pension to take care of them in retirement (and therefore will have to work until they die) but that they have the second highest amount of debt of all age groups.
This is a terrible situation to happen. I think one of the biggest problems is that all of our lives we are encouraged to strive for more, to advance ourselves to provide a better standard of living for ourselves and our families (as Robert Kyosaki explains in his Rich Dad, Poor Dad books) in the promise that ‘one-day’ we will be able to reap the benefit and do all of those things we promise ourselves.
When you are young ‘one-day’ always seems so far ahead so there’s loads of time to build up that nest egg. Unfortunately, ‘one-day’ suddenly arrives right out of the blue, almost without warning that day is upon us and we realise that there may not be time to do all of the things we’ve been promising ourselves. There seem to be so many that we’ve put on hold.
Having recently reached 64 years of age I have to say that it came as quite a shock to me to realise that I was in my last year before ‘normal retirement’ age.
So what would I do if I had to work the way I am now for the rest of my life? Well to start with I don’t intend to. I will focus more and use my time much more effectively. I’ll eliminate the daily activities that eat up time, like reading email all day and acting as an unpaid coach and mentor to people who have no intentions of committing to turn their lives around and spend time with the genuine ones that do.
I look forward eagerly to your next post Rich.
I’m glad Kurt mentioned “The 4 Hour Work Week”. Very good book I am reading now. Love the author’s idea of mini-retirements and the mobility of the New Rich, although he says it doesn’t take as much money as you might think.
As to your question, what if you could never retire, I can only say why would you want to? I’ve watched my in-laws who were retired from the time I met them. Long hours in front of the TV. She with some craft project du jour and his daily meeting with cronies at the local coffee shop. As they got older and friends died off, my in-laws became more and more isolated and did less and less. Going out to lunch at a buffet became the highlight of their day. Yuck!
Having my druthers, I’d rather do the mini-retirements from “The 4 Hour Work Week.” Too bad I have a husband who loves his job and will probably work till they kick him out the door.
Funny how you have come up with a post addressing what I have been thinking about for some time now. “What would you do differently?” Yes, very thought provoking. I know it would entail more outsourcing and being more mobile. That requires a life style change. Hmmm, yes. Lots to think about.
I tried retirement and found my brain started to shrink and my waistline became bigger even though the stomach was receiving less.
OOch some drastic measures needed.
So here I am learning all about this internet lark
Who says we have to eek our retirement on a measly pittace.
I still want to change the furniture ect and need better funds to do it on.
Don,t we all.
Please do not pulish my mail address as i already have loads of e-mail
Rich,
It’s interesting you should pose these questions at exactly the same time I am trying to solve them myself. Having already “retired” from the conventional mainstream, I am hoping to build an online business that allows me to not only enjoy what I’m doing, earn some residual income, and help others at the same time by providing a workable pathway. I’m anxious to see what other jewels you come up with. We’re just getting started, and having fun doing it.
Retirement to me is doing exactly what you want when you want to, and that may well include working until the day you die. However, the important element is having the choice.
Retirement may mean different things to different people but to me it is having the choice to do what I want when I want, and if I dont like what I am doing then having the ability to change that is key.
If I could never retire and I had to continue working like this I would make my peace with it. What else you can do. I have decided to change that now and working on success day by day.I am sure it is on the way.
I will never retire as I don’t even understand the meaning of the word. I love what I do too much, but at the same time, I have goals set, plans laid and actions in place to teach other’s to slowly but surely take over from me……and at that point, my whole life begins again!
I never want to retire to be honest.
I love writing, learning and growing.
What if you could never retire?
That is the case for all anyway, you really never retire, just change where you place your energies. These questions are definitely great ones for it makes one look at their perspective about “work”. You can actually retire any day you decided to. You just have to decide by what standard of living will work for you.
Once you are “there” you have succeeded. You must select what is your standard not someone else idea of what it is.
What if the way you choose to work today would set the pattern you must continue until the day you die? What would you be doing differently?
I would continually ask questions about what am I achieving for myself. The only person I can control is me and the only circumstance I can control is…there is not any. I will continually make positive actions to bettering my lifestyle, the circumstance they may arise from those actions I can not control
And that is fine. What I strive to remember daily, is, this stuff we call life can end at any second. It is best somewhere in the birth to death journey one did things that they enjoyed. The good news is money, prestige, power, position does not dictate when or what you can enjoy, your perception does. You control you.
if you recognize and accept that fact, you can retire any moment you want to.
If the way I worked today set the pattern for the rest of my life, I’d spend the first two hours of the day with God and exercising, (rather than the 30 minutes I now alternate between the two) and then three hours in the evening with my sons.
Then, I would do what Rich did back in 2002 when he hired me to write his sales letters…leverage my time by paying for the services of another brilliant marketing mind.
After 30 years as administrator for various early childhood and manpower programs, I thought I had this whole time management issue whipped…
That is until I discovered a fascination with Internet Marketing. No need to
mention the problem with “distractions” on the Internet!
We need to remind ourselves of what our old buddy Confucious said:
“Man Who Chases Two Rabbits Catches Neither!” Focus.
In my glorious experience working as a drone in the grinding machine known as American capitalism, I have found that the demands placed on workers are often inhumane. If I wasn’t willing to work 90 hours per week for the peanuts they offered, then I could just step aside and let any one of ten million younger, healthier job applicants take my place. They were usually willing to work for half a peanut cuz they didn’t have kids yet.
Due to trying to keep up with these job demands, which I saw as the only way to keep a roof over my head, my health suffered BIG time and I was miserable. There’s got to be a better way than the wage slave mentality that our current economy encourages. You embody that Rich. Of course everybody wants that. who wants to work for the man? He’s a prick.
Hi Rich :)
I was a massage therapist for 6 years.
Haha! No one can bribe me to do that again!…Even
if they would pay me $500 per session every day.
Waaay too much work for even the toughest cookie. :)
Though it can be very ‘rewarding’ the worst
thing about it as any ‘career’ is that you…
ONLY GET PAID WHEN YOU WORK!
…What kind of sillyness is that?! LOL :)
If I knew I could never retire, I’d probably
stop working 15 hours a day trying to
launch my project online — Immediately!
I’d still invest all my passion into it…but I would
actually go outside more and enjoy my youth. :)
Also, what else would I do differently?
I’d STOP comparing myself to all the other online
stuff out there and thinking why my ideas aren’t “good
enough” or aren’t strategic enough, etc., etc. ..
Instead, I would simply just launch my idea online and focus
on connecting with and getting feedback from my target market
…then finding out how I can improve upon it.
And when my vision continues morphing and transforming
into new and other ventures…I would actually welcome it
because I’d know that I am here not to struggle, but to actually
ENJOY the process of making my online business dreams come true. :)
Speaking of retirement, for those of you that read and believe the Bible, retirement really isn’t something we are called to do. We can’t do the same thing later in life that we do now, but we can still serve others. It may be for free, it may just be a few hours a week, but we can always serve others. Perhaps we can counsel others on how to work from home and enjoy your family!
Well Rich
Life is short and I want to enjoy the time I have now with my kids, Don’t care if I retire as long as I am doing something I enjoy and am appreciated for, would like to apply more leverage in my life to earn more instead of trading time for money so I can enjoy more time with my family.
It seem as though if I continue the same pattern I am locked in today I will never have the time or the money to live the life I really want.
Hi Rich,
I have been a consultant to companies for the past 40 years and love it. I love the challenges that business face and helping them solve their issues. The creativity keeps me alert, and the friendship are priceless. So, retirement to me is just speaking of an age and I will never (I hope) reach that age.
Kevin
Sounds wonderful!
I didn’t realize my message would leave all
those smiley faces up there! haha. I kinda
got carried away. :)
I have yet to join Rich’s program. But I’d love
anyone else’s feedback on it. If I were to invest
in any online business strategy or marketing
information product…it would be something that
Rich taught. I’ve never felt such a profound “Online
Awakening” as I did when I read your 3 Manifestos.
I am only 27 and I spent the last several years
digesting everything I can about online marketing
and offline business building strategies. Retirement?
All that means to me really, is just FINALLY finding
my Vein of Gold (aka my Passion) and allowing it to
shape and transform my life everyday! I have been
an “Entrepreneur” since highschool so I don’t know
what its like to work a “normal” job longing for
retirement. I just know what it feels like to long for
a dream. And ‘working’ towards fulfilling it.
I’d love to learn from anyone on here that is truly living
their passion…like Rich! :)
Great post Rich, thanks for creating a thread that should provoke some people into thinking differently.
I’m going to answer the last one – what does it do to your success… It IS the reality – how you work today DOES create how you have to work in future. If you are working hard then you have thought you HAVE to work hard to succeed. As long as you’re thinking stays that way, nothing changes.
Creativity; the connection to the source is the key. Working too hard, or not enough are each as bad as each other. Find the balance, relax into the gap and do efficiently what you came here to do…
If you work for someone–especially a corporation–you have no choice. They own you. Your vacation time is very limited. You work long hours if you expect to advance, and then they screw you when it comes time to benefit from the retirement package. And it’s getting worse. The only ones with a chance to escape this are those who succeed in establishing a business of their own, or who are lucky enough to work for an exceptionally enlighted–and profitable–company. Those who are working for a company would be wise to prepare themselves for retirement, or even take an early retirement. By starting a business part-time, or by honing some skill and knowledge these people will be able to start a conulting and information sales business that will give them an income stream in their retirement age. They would also be wise to save at least 10% of their income, avoid debt and foolish consumer expenses, downsize their home and its expense, and invest their money in their business and in income property. In short, create income streams.
You’ve hit the nail on the head.
Just before reading your post I was thinking about the three stages, or levels of what defines our experience. Be, do and have. You have to be something different, to do something different, in order to have something different. I know if I carry on being and doing the same as I am, It aint gonna get better. Coincidence?
BRAVOOOOOOoooooooooooooooooooooooooo !!!! Rich
indeed, I am in situation described here by you, Bravo. I am teaching in almost 32 years of maltreatment. It seems that I am not profitable for me even in this trade and therefore I seek to convert me in the services and on my account this time.
I am in a hurry to discover your easy way….Still a faith, Rich CHEER ooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
BRAVOOOOOOOOOOOOOOOooooooooooooooooooooo, Rich
En effet,je suis dans situation décrite ici par toi , Bravo. Je suis un enseignant dans presque 32 ans de sevice.Il semble que je ne suis pas rentable pour moi même dans ce metier et c’est pour cela que je cherche à me convertir dans les services et à mon propre compte cette fois.
j’ai hâte de découvrir ton astuce….Encore une foi , BRAVO Rich
Saluations
http://www.sitewizardseo.com/1269
Actually, I don’t plan on retiring. I plan to work the rest of my life because I choose to make a contribution to the world by doing what I love. I think it’s important to note, however, that by “work” I don’t mean the thing that people do in order to earn an income. I mean doing what I care passionately about, which means I probably earn money from it, but that’s not why I do it.
In order to achieve that lifestyle (I’m not quite there yet) I need to stay focused on the present moment — not living for someday. I would need to set up systems that allow me to earn more dollars for less hours — preferably residual income, where I create products once that I can re-sell over and over.
The reason why the “hoping it will be better later” idea never works is that it keeps us from creating systems right now that will make it better later.
Thanks for the brilliant questions, Rich.
Warm regards,
Sandra Winter
http://www.prosperityonabudget.com
Rich.
In Australia the government is encouraging people to keep working until age 75, albeit at a lesser rate than they would currently work at. I have friends who have retired early; some are bored some not so bored.
I’ve been self employed all of my life and for the past three to four years have established a successful online presence sharing and helping other people in an obscure and unusual hobby. The products I sell are “how to” ebooks I have written, which have sold in over forty-three countries around the world. And all of this started from an idea discussion session over a beer with a friend.
My online business will take me into retirement (whatever that is) but I already have a life where I get to choose the hours that I work. The big 60 year is approaching, and my only gripe is that I should have discovered computers and the Internet earlier in my life. The income opportunities on the Internet are endless. I would encourage any younger person out there to explore the Internet for what it can offer in the way of income opportunities.
I have worked over 100 hours/week for 2 years now. I am tired to say the least! If there is a way to continue to grow my corporation and not work the hours I have been working so that I can spend time with my family I am all ears. Thank you!
Rich,
I hear you, Buddy! I think that people think that vacation time “magically appears” without planning it. My wife, Janet, and I take 2-3 long vacations every year. Each one is 4 weeks minimum with the longest being 7 1/2 weeks (so far).
We’ve rode our Harleys across country, for 7 beautiful weeks, without planning a thing. We just rode until we got tired, or wanted to stay at one place longer (like the Grand Canyon).
Folks, plan to take vacations like this. Set goals, create “systems” like Rich says! You can all do this! Good luck, David Long
I can identify with so many of the comments posted here. As an Australian woman and a baby boomer, I was working when women weren’t encouraged to take out super. Believe me, it is difficult to Live as opposed to Exist on an aged pension. I’ve looked into various internet opportunities and have nibbled (and discarded) many. But being a bit of a control freak and wanting to control my own destiny – and accept responsibility for my own mistakes – I’ve settled on trading eminis on the US stockmrket. No enormous outlay of funds needed, self-discipline is required and oh, so satisfying. This leaves me lots of time to do the things I really enjoy.
Well, Let me get a massage and think more about this….. and get back to you. Hah!
Good Meditation, Blog today. I must ponder this answer. Hmmmmmm! I appreciate the opportunity to think this through. Eva Nash Broker http://www.EvaNashRealty.com Pompano Beach, Florida. Since where I live is Paradise Every single day feels like retirement even though I work every day. I can however lately appreciate the need for multiple streams of income and residuals which is a different mentality than working every day as well as building the business to be able to sell it. Thank you again for encouraging Creative “Epiphany” thinking. I Love Selling Pompano Beach, Lighthouse Point, Ft Lauderdale and Deerfield Beach South Florida residential Real Estate so Much It some times does not feel like a job even though it has been my way of life to sell South Florida residential real estate for 21 years. I have the part down where you do what you love and I love being self employed, as that is a huge bonus I am so grateful and appreciative in my life.. Thank You Rich, good thinking material.
Rich,
I like you, do not believe in what most people consider retirement. My objective is to continue to do what I enjoy doing which includes working on and in my business so that it can prosper year in and year out, without me having to be concerned about the day to day operations. Of course, I would be available when needed.
Concerning leisure time… I believe I would spend more time with my adult children and grandchildren, and be available to them as needed and desired. Another joy for me would be to work with the Christian community of faith of which I thoroughly enjoy, and the non-profit and community organizations that make the community I live in such a joy to be a part of.
And finally, spend more time with friends and colleagues in creating new visions and possibilities that would make the lives of our family, friends and community much richer both in wealth and in joy. And of course, some time to travel, play some golf in all those places I’ve always dreamed of and just enjoying the reading of good book, laughter and fellowship with all those close to me.
And in the end in this time and physical space… my exhilarated ears would hear from the LORD… “Well done, good and faithful servant, enter into the joy of the LORD.”
And so it is :-)
Rich, Thanks for making us think. I dont ever plan to retire. Why? Because I love what I do and have plenty of time to spend with family. I love living this life Right Now… Why the heck would I want to ‘retire’?
all the best Rich.
Knowing that only something like 3-5% of the people who reach “retirement age” actually can “retire,” I have always planned on at least doing something. In fact, though I have a decent investment portfolio that is doing well now, anything can change in the future. That said, I fully expect to work until I die – and i probably will continue to work like I do now. I truly enjoy what I do.
Don’t get me wrong, I fully expect I will be able to enjoy my life and do the things I want to do. My belief is that we should all contribute to society at any age. I just know that the things I do today will influence my ability to have choices in the future, so I have a plan, I work it every day and will continue to until I die. The most important part of the plan is the fact that I have the ability to generate a residual income. Do it once, get paid over and over again. I learned at a early age that if you trade time for money, you will never have enough of either.
A very intelligent man once told me that it is not what I do that will help make my journey through life one I will enjoy, it is WHY I want to do it that will keep me going. This will allow me to continue to enjoy working – yes even in the last years of my life – because I am focused on the reason I am working and not following a process that quite literally will never allow me to realize my dreams.
Talking a to a friend the other day about retiring. She is 45 and planning to retire. When challenged about the retirement bit she gave this reply. Retirement for me doesn’t mean stop working it means choosing what work I do and when I do it. So the concept of retirement as making choices rather than doing because of a mortgage etc makes good sense to me. Take that concept further it means that we never need to retire because we will make choices with what we do with our lives and be responsible for the consequences of those choices. Hopefully that is what we do with pre-retirement phases of our lives as well!!
“Retire” to what? Having meaningful projects that you choose to work on in your life is what can give it meaning. We should set up the rules of the game to win.
You’re right. We’re following our parents mode of living a good life and then retiring. What changed along the way for us? I just want to “retire” as such, which means changing the demands of my time each day. Not a obligation to show up for. Let’s redefine retirement.
Hello Rich,
I remember back in 1985, shareing a HOT-tub with a beautiful young girl. Now she was from New Zealand, and she told me that her company allowed her to
Borrow $20,000.00 to see the world. she was all of 20yrs old. Could that be
the way it should be done? maybe the best country in the world has it all backwards. If and when she gets old she’ll still have her memories!!
Rich, I’m a 60 year old male running out of time, each of us in our respective business must understand who we are, where we plan to get, What we plan to do, When we plan to complete that Task and Where our business stand in our life! If you have a relationship with the people, and share the benefits of the information/products, could we not make our life better, if you fail to take care of your health, you won’t be there to run your business, We must learn to work smarter Having more then one stream of income, learning to invest what monies
you do make. Having more Fun in our Life and Alway remember not live somebody elses dream.
Hi Rich,
I was visiting my doctor a few days ago… one of the downsides of living a Noosa lifestyle is the number of skin cancers to be removed every year… she made an offhand comment about the speed and efficacy of medical advances, especially in terms of delaying the aging process.
It’s bad enough to think about the point you raised about never being able to retire, but how on earth are we going to achieve quality of life when lifespans exceed 100 years or more? I guess it means more work.
I am self employed and reasonably comfortable financially. But when you spreadsheet out investments and income vs cost of living and adjust for inflation and interest, it works out to be a huge amount of $$s we’ll all need just to keep going. Or else, we work for more of our lives. It certainly won’t come from the Government.
Personally I think retirement is an outdated concept, a point you raise. I plan to gently slide from full time work to part time work, and eventually into full leisure. But the speed I do that must be governed by (i) life expectancy (ii) quality of life expectancy, and (iii) how much is in the kitty.
I think most people fail to understand how short life is and how time goes by so fast. So many people tend to think that what they do now is “temporary”, that in the future things will be different, but this future never comes, they never get to do what they really want, because the temporary slowly becomes permanent and they don’t even notice that (or even stop to think about it).
I’ve missed some of the biggest dreams I had when I was growing up and I knew I could conquer them, but somehow I didn’t realize that I had already grown up and I was still thinking that someday in the future I would have time to go after them.
Thankfully I woke up and turned some tables in my life, but those dreams I missed, they’re gone forever…
I have always been taught:
LIFE IS HARD, THEN WE DIE!
If there’s another way . . . we’re all ears. Part of the challenge with being successful in Internet business, it seems to me, is being able to cut through all the noise and hype and focus on daily activities that will truly make a difference. The path is anything but straight, clear, and obvious. It is overgrown and hidden to most of us and we wouldn’t know if we were on it or not. We newbies are in the middle of the deepest, thickest, overgrown jungle there is trying to find our way to sustainable profit.
Hey All,
Kurt and Sandra correctly recommended the book by Tim Ferriss, \”The Four-Day Work Week.\” Finished it in two sessions. It\’s a must read for this topic. Better yet, go to his website ( http://www.fourhourworkweek.com ). It\’s loaded. And be sure to see \”Outsourcing Your Life\” on the bottom right. It\’s a teaser that dramatically explains the new world of outsourcing, and how entrepreneurs are using it to liberate their personal and business lives.
Hey Rich, yes…I agree with you, yet I’ve never heard of the “goose that lays golden eggs” retiring. We’ve all been sold on one dream or another and the point is when you stop “working” you’re no longer contributing. Is that kind of lifestyle sustainable?
What a profound subject Rich has brought up. I enjoyed reading all the comments here. My heart really goes out to all who don’t presently enjoy their work. That has to be the worst! If you don’t work at something you love doing, how in the world do you eagerly get out of bed each morning? I don’t know. I’m 78 years young, and retired the first time at 35 – stayed home with my only child, an 8 yr-old daughter and we played, traveled, and thoroughly enjoyed a few years. Eventually became bored with that lifestyle. Found some work I enjoyed again, and in the process met my soul mate. He was an entrepreneur, as well, and we enjoyed over 30 years of doing “projects†– building real estate, selling real estate, dabbling in the movie industry, pursuing his talents at Western art and sculpting, and many other things. Later, we semi-retired to a Caribbean island to pursue yet another of his dreams. In the meantime, I had discovered my passion. I made the commitment to become an expert daytrader – and have put in the hours, and paid my dues, to do just that. I’ve been trading over 14 years. My darling husband died in the Caribbean at age 65, having lived most of his dreams. By then, I was trading currencies every day and making good income. I moved back to the States to live with my daughter, who needed me to be with her. After overcoming the grief of his loss, my trading actually helped get me back to normal. I do ENJOY it. I trade 4-5 hours each morning that I want to (which is most mornings), but since there is no one telling me I must, I can sleep in and have breakfast in bed if I choose. If you’re not passionate about what you spend the hours of your life doing, then do yourself a huge favor and make it a priority to look for something that makes your heart sing and keeps you alert, alive, excited, and growing! You’ll have NO further problem getting up — you’ll JUMP UP!
Hello, Rich
Good question. I’m 57 and owe way too much money to Uncle Sam. Just trying to figure out how to put it all together – before it’s too late.
I’m in the process of reading a fantastic book by Timothy Ferriss called “The 4 Hour Work Week” (www.fourhourworkweek.com). I think you and Tim do think alike about the concept of retirement.
Hi, Rich…
I am all set and ready to go… for the rest of my life. I am doing something I LOVE, at home, and it is something I can do as long as my hands can function. I love it so much that I had already decided I would never “retire”.
It was a leap of faith to get involved in my art and writing – but ever since I did life has been truly wonderful. I only “work” around four hours a day – and not EVERY day. I keep my schedule flexible to do whatever else I need or want. I am 52.
Retirement is a time when most of us think we’ll be able to do whatever we want. Unless you plan to be a millionaire, we will be looking for a job to supplement that measly retirement income. I already know my retired future income will not be enough, and I have a defined benefit plan from the state of California. I could move to another state, but I won’t be able to live here. So my plan is to learn what I do not know, stick to some goals, focus, and succeed with a new way of being paid. This way my new income will really make me a new way of living. I like the idea of retraining myself and becoming something I have always wanted to be, a creator, a producer, a developer. This is what I see. I have so much to learn though, and it is not easy to do while working a full time job, raising teenagers, and having to do the laundry and dishes.
Rich, this is something I have been working on for a couple of years. I have a great sales job but it requires way to many hours each week and prevents me from doing the things I want to do. I want to work the rest of my life but I want it to be with my terms, which includes spending time with family and friends and deciding when I work and when I play. I am making some progress but really can’t wait to hear what you have to say.
Some people just can’t afford to retire…
Love to read your comments and current situation. You are an inspiration from someone that is going for inspiration and smarter choices. From listening to you that is what it seems to be about.
I look forward like many to an consistent easlier time and free time And some days are. The process and clarity required is not always clear for my situation. Love to hear from you for the next step.
Hi Rich,
I often see that people are very surprised(or perhaps disturbed) when I speak of retiring.I am 23 years old, started my career couple of years back as a software engineer in one of the most reputed Companies in India.
They say I am too young to think of retiring.
Here in my country, all those who have better education DO get good paying jobs.
Is that enough?
They say it is…
Work hard, impress your company and get a salary hike.And then invest in retirement plans.
Oh.. then there is this inflation that kills..
So again, work hard, impress your company and get a salary hike.And then invest MORE in retirement plans.
We just get in to an infinite loop of working hard and getting the hike…
I understand that having a job is good, to START your journey towards financial independence.
But I want to retire YOUNG.
That doesn’t mean that I want to stop working .
I just want to stop working FOR MONEY.
That’s it. I want to work till I die, but never for money.
I want to work on my passions, my life(style), I want to learn to play Golf, meet more people, Travel places and that, can only be achieved by achieving a state where “My Money works for me”, as Robert Kiyosaki puts it.
Thanks for the great post Rich.
I am happy that you provided an opportunity where I could learn from you and from all those who posted here.
Rich,
I guess I too will work the rest of my life. Right now I have a website on buy and selling homes, because I know there is a way to make a living there, I just haven’t the means to support the advertising. Also I need investors, and buyers. I also enjoy helping others and I have a wonderful idea for an interactive museum/learning environment for children in a poor neighborhood. It’s a 20 million dollar project and since I don’t writ grants well I haven’t been able to move the project beyond nonprofit status. I feel that I have so much to give to the children but I do not have the finances as I have given so much already and have little to live on. Therefore, I can not stop working.
If only John Bars Fatipton really existed. I would have a great start for the final project of my life.
But to not final avail I resound myself to a lifetime of WORK.
If you have any suggestions I would certainly like to hear them.
Did I mention the biggest problem I have is my husband, buying into any Idea of making more than a salary.
MHP
At 43 the house is paid for the vehicles are paid for, we have no bills and bring in a little over $3,000 a month from Military retirement and other small residuals.
I’ve always loved and continue to play in real estate so I can see myself always pursuing a deal in real estate of some sort for the long-haul, what continues to confound and boggle my mind is having a real estate site with close to 3500 subscribers that can’t seem to generate a dime!
Anyone want half of the perpetual earnings your efforts can achieve by optimizing the monetization features of my site at http://www.magicbullets.com? Now here’s a challenge Rich!
I’ll be your poster child brother!
I’m one of those seniors who has to work. Not because I didn’t work hard, not because I didn’t plan and save. Life just hit me with one of those bulldozers it throws around from time to time so now I’m looking at work in a market that doesn’t value maturity.
Well so much for that. I’ve got my health and my brain and the perseverence to make it past that steep learning curve to web mastery. I’m developing a presence on the internet. Watch out! Here I come
Pat
Yep, the moment is now, Rich!
I could live a million days just like today.
I woke up with a slight HTML hangover and was delighted to see some action on my new website. Had coffee and mediatation in the sunshine. Walked my dog 3 times. Had three fabulous client sessions. I lunched with a friend, wrote an article and prepped for a class I’m teaching tomorrow.
I never have worked for money and can’t imagine giving up the pleasure of creative contribution.
If I’m going to spend the rest of my days just like today I might as well make friends with the rest of my electronics on the shelf. There’s no excuse for me not to talk into the digital recorder on the go and let the computer type it out when I get home from the beach!
Imagine the Possibilities!
Kristin Kopp
I “work” doing stuff that I love doing for about 25 hours a week during three days. The other four days are off to do other, different things that I enjoy doing, or to take care of the normal daily chores of living. Some people say I’m semi-retired, but the tax folks know that I make a six-figure income (not counting the cents – and not from investments). So I can’t complain. Life is good.
What would I do if I had to do this for the rest of my life? Probably “continue the march…” or maybe cut down my income a bit and “work” TWO days a week. Then I’d have 5 days to enjoy other stuff. But I would probably not want to stop doing my “work” altogether. I enjoy analysis, strategy development, quality improvement, problem solving, etc. too much. And then, there’s the rest of the week…
What is retirement anyway?
For some it may mean not going to work at the office anymore and just lounging around the house.
For others, it may mean being able to do the things you love, the work you love, not because you HAVE to but because you WANT to.
I went to Joel Bauer’s seminar last weekend and what I learned from him was that ‘retiring early’ means more time with the family and still make great passive / residual income doing the things you’re passionate about. That guy is one great speaker!
What if I could never retire?
It’d be okay. I work online, from home, doing the things I love and I love computers! Even if I could retire anytime, I probably won’t.
Lyna
I retired at age 40 and enjoyed myself tremendously the last 3 odd years. But I finally got bored and went back to work on a 2 month contract job to test the waters. I really enjoyed myself. I miss working life now and am looking at going back to work full time. After this mini retirement, I realise that we do need something to not only keep us occupied but some which will drive us to make use of all our faculties and keep us on our toes. So, I will continue to work even in my 60s or even 70s but its got to be on my terms and at my time! Something that will challenge me mentally but will not require me to work at it 8 hours a day, 5 days a week…
Hi, Rich!
Great post – you’re definitely in the Vanguard of a major societal upheaval that’s coming, and your post hits on a few key points of it. Teri & I had our own online ad, design & SEO agency from ‘96 til early 2004, when I had a major reframe in my life planning…
After reading one passage in a futurist’s book (think it was Frank Ogden), I had what almost amounted to an epiphany. He pointed out that:
a) There are more scientists alive and doing research today than in all human history combined, and their tools get faster every year, shortening the timeline on breakthroughs;
b) The human genetic code has been isolated and each gene is being studied, and
c) Our knowledge of medication, nutrition and wellness increases each year almost exponentially.
His conclusion, seemingly reasonable, is that our generation (early 50’s) will live to 120, while our children’s will live to 150. If true, suddenly age 60 is mid-life, not retirement age…
Extrapolate on that and you see the flaws in our current belief set. Most people ‘retiring’ now still need to work to support themselves. But what about 20 years from now, when the babyboomers have all retired, the massive 401K’s, RRSP’s etc have all been pulled out of the markets and the strain of an aging population is evident on the Health Care System? When this major worldwide population bubble is now collecting pension from the governments instead of paying today’s top tax rate? Add to that the prediction by people like Warren Buffet that a total collapse of the North American economy is imminent, and the result can only be a situation which will create a cusp in our society – one where our whole definition of the course of life will have to change.
To us, there appeared only one solution – we needed to be sure we were doing something we could continue with til an advanced age, something we loved doing and could do from anywhere in the world to allow for regional economic fluctuations – and we had to make enough doing it to be able to evolve as necessary to stay on top, move to wherever we needed to as time went on, and yet still enjoy each and every day.
Within two weeks we had fired our clients and closed the agency. We shifted our focus to the two things we were already involved in that could be built to match those criteria – Internet Marketing and Pro photography. It was rough for a bit, but has turned out to be the best decision we’ve ever made – we now love our lives, have enough funds to travel and really DO things, and are building a sustainable model for the anticipated future. With a little luck and some help from the creator, we’ll have another 30 or 40 years of doing this, followed by another 20 or 30 of watching people do it all for us as we travel and enjoy!
Keep up the great work, Rich – you’re helping thousands of people along a path most don’t even know exists yet!
All the best,
Doug & Teri.
I’ve been trying to “make it work” online in various ways for 3 years now. I find myself working long days and getting nowhere near where I want to be. I’ve taken more classes and subscribed to more newsletters than I care to think about. At this rate, I’ll never retire. To me retirement would be working strictly on things I want to work on without regard for the income potential. That along with more travel, cooking classes, art classes, writing books, learning a new language…
Maybe I’ll figure out a way to get there someday!
Hi, Rich
I strongly feel that developing the skills of working smarter than working harder influences a lot in achieving financial independence and with the right strategies and grabbing the right oppurtunities at the right time also helps a lot
to reach a possible early retirement and everywhere LEVERAGE is the key to super success.You end up slogging your whole life working hard if you dont have the proper strategies of LEVERAGES and proven success formulas to achieve financial independence and end up working hard always like GP, so i feel you should include GP also as your student and teach her the secrets of LEVERAGE so she enjoys her life….ha ha……I think i am right here……..
Let us all welcome GP to Strategicprofits!!!!! if she is intrested in retiring soon.
Cheers
Jumaani http://www.swisscash.ca
Hi Rich
I work 14 hours a day and I enjoy what I am doing. The only thing is with so many dependants – extended family (orphans), I still cannot make ends meet. My private business which I thought would supplement my income is struggling. I look forward to reading more from you.
Dear Rich,
Excellent! posting to share with us.
Every human being is put on this wonderful Earth for a purpose. Through your words or music or sweat or hands, etc.. you can tourch your fellow human beings.
Some people are blessed more than others. Can destiny be throughly change?
Success to You,
Sam Odiaka
http://www.Oraifite.com
I fell asleep at the wheel of my car yesterday driving home from a temp job. Currently, I can’t imagine ever retiring, but I agree with you that the concept of retiring ‘happy’ later in life is very flawed. I just don’t know what I want to be when I grow up, and have spent my entire life chasing one idea after another, trying to find my path. And I’ve ended up working as an audio typist and driving 60 miles a day to do that.
I would like my working life to be a form of retirement in itself, but until I figure out what my real niche is, it’s hard for me to visualise that.
Carol
This reminds me of the difference between production and production capacity.
Looking forward to the next post.
Hi Rich
I am also happy that you have provided an opportunity where I could learn from you and from all these postings ahead of me. They send me the message that I am not alone in this small world.
Apart from the (LIFE IS HARD & THEN WE DIE) bit, I agree with Steve and having read the postings, there are some that cannot do as they want, due to monetary means and not knowing where to start.
In answer to Q.1, I would like to think that I would never retire, as I would like to help as many people as I can with the time I have left.
In answer to Q.2, I would try to find a way to reach people and educate them by way of the net. I will find a way to get through this internet maze, searching for the answers to getting to where you are now Rich, so that I too may help others attain the wealth to just do what they want in the NOW and never have to worry about where thier next dollar will come from, let alone retirement.
Well,
To create something (a business) that does not require my time is not something to do overnight. I need to know how to do it, then I be happy to do so :)
So far I found two products to help me do that. 1 is an ebook and other two hour audio… I am looking for more.
Thanks
Hi Rich
You are a leader of inspiration to small internet businesses like me, i love what i am creating online, and everyday i am motivated through leaders like you! i keep working away knowing there is a breakthrough around the next corner to get my business off the ground.
My vision and dreams to create a better life for me, my family and as many people along the way i can help keeps me focused and alive.
Even though my internet business hasnt taken off yet, i have an exit strategy and already have plans for my next business challange. I dont think i would ever retire, even when i make my million+ target, as i love networking, meeting new ambitious people and creating new business ventures, i love the adrenaline rush of new opportunities, and think if i ever lost that then i would give up life! i dont see why people stay in a job they dont like, as everyone only gets one chance at this life so they should make the most of it!
I would rather die trying to reach my dreams, than never knowing.
I look forward to your next Blog!
Best wishes
Jo
I’m perfectly happy to keep doing what I’m doing at the moment all the way till I croak. During the day my employer pays me to mess around with computers and tell people how to build stuff. When I go home, I’m usually messing around with computers and telling people how they should build stuff.
I don’t work with the dream that one day I will be able to stop. I don’t want to the HAVE to stop.
I didn’t get to “choose the way in which I work today”. I have to work in bits and pieces around the needs of my family. What I would do diferrently if I could is find a way to make those bits and pieces of my time to work more productive. A good way would be to get up earlier and stop reading all the junk in my email box. Declutter my life so I don’t feel as though I am drowning.
Hey Rich,
I’m 42 …only 6 years in front of you… and I’ve always believed in ‘live for today’. We have a saying here in the UK that ‘life aint no rehearal for something else’ – so don’t wait for your retirement…enjoy it now.
Truth is…people have to work to put bread on the table. BUT… and here’s the key…their plan of ‘work’ is flawed and run by a mindset that swops time for hours.
The only way out I discovered 15 years ago in by having a residual income mindset – do something once, get paid for life.
So now I have a very successfull network marketing business – there’s no way I’d operate a normal business UNLESS it created income residually, and let’s face it,
99% don’t.
As such, time and money freedom is mine – just like you. THIS is my retirement ‘happy’ days. Yes, I also put in long days too when necessary, but it doesn’t feel like work if you’re a happy chappy.
I look forward to your next email to bring me to your blog confirming or disagreeing with this viewpoint…
Carpe deum.
Pete Lovick
Rich~
Fantastic post! You touch on some very real topics that should be foremost in all of our efforts. Taking full advantage of “now” time is such a healthy approach. It’s great to plan for the future and “what ifs” but the real key is living fully in the moment while creating a life you dream of (not just a life you’ve been conditioned to see as the norm).
I’m also intrigued by some of the responses about retirement being “unhealthy” or maybe it was a reference to not working after retirement being unhealthy. I think the unhealthiest thing, regardless of age or occupation status is not giving back to our own communities. I see nothing wrong with retirement and think that many people who live life fully find ways to meaningfully fill their time in ways that truly make a difference.
May you continue to create the life you love and live purposely.
Lisa~
Rich
Retirement continues to be a word mentioned often but an actually elusive situation.For most of us ,the ones we have seen retire have actually deteriorated in our eyes either due to bad investment decisions on their benefits or lack of post-retirement skills i.e their mind is so accustomed to a certain environment its difficult for them to function perfectly outside it,for that reason retirement becomes very relative.I sure wouldn’t mind spending less time working and incorporate a bit of play in my life,but that also seems like a skill to be learned
wiserich
This is certainly a fantastic post . I had to fast forward , great comments from everyone but appeared all this wonderful stuff would never end , and I’ve got to get going with starting this newbusiness of helping people who are losing their homes to foreclosure . I plan on being around til I’m 103 but that isn’t as far away as I would like , only leaves me 21 years .
Carpe Diem indeed! You seem to live but once, might as well make the most of it, no?
Anyway, what happens way to much is that persons that do retire die! Happened to a good customer of ours, alas.
Years ago, but I still think of him. Fondly.
Way better to slow done some but keep on keeping on. Having fun while doing so!
Roelof Osinga
PS alway look on the bright side
Rich:
I’m 71 and have “retired” twice. I follow some good advise I received some years ago. “It’s better to wear out than rust out.” Keep active, keep engaged and remember it’s the journey that’s important not the destination.
John Groth
I saw Rich in person in Atlanta in January, and had I had the extra cash I would have jumped on board with him, but there are some financial priorities to set first.
I have seen so many people retire and without a work purpose to drive them have just faded away.
The Internet is the new Wild West, some pioneers will make it big, some won’t, but just as in the Gold Rush days, the ones who profit consistently are the ones who provide the right tools (or clothes in the case of Levi Strauss).
So much to learn, so little real direction……
What if you could never retire? What if the way you choose to work today would set the pattern you must continue until the day you die? What would you be doing differently?
Very thought provoking questions. It really helps us put things in perspective and to just realize to make the most of our life today and do whatever we can to enjoy each day rather then believing that if we work hard enough today, one day we will finally be able to enjoy our life when if we choose to, we can and should be enjoying our life even today.
Thanks for the great reminder!
I wouldn’t be to happy if I had to do what I do now for the rest of my life. It’s not a bad job, pays very well and I have a work schedule that fits my lifestyle. The issue is that I’m still trading my hours for their money. Retiring to me is using my hours as I want. So I like many others are looking to the internet to generate a secondary (semi-passive) income to allow my “retirement” I don’t think I will ever stop working I just would rather work at things I want to do, not have to do. But for now I do what I need to do and look to the light at the end of the tunnel.
I think if I knew I had to do my current job for the rest of my life it would reduce my chances for overall success by getting in the way of my dream. At least now I have a picture of where I want to go and can work to that end. If I knew I had to do this job forever without the possibliltiy of parole :-) I don’t think I could hold the dream or goal too long. I believe it would be terribly depressing to know that this is all I get until the day I don’t wake up breathing.
The key is finding a way to be paid for doing something you enjoy. And that means until the day you die. Something could always happen to your source of income in your ‘later’ years so you need to be able to support yourself and not depend on the government. Thank goodness for the Internet! You can be unable to work physically, and still make a living if you can type and work a PC. Most folks just don’t want to put the work in.
I think senior citizens could definitely avail themselves of your information Rich. As you’ve already stated – many are looking for supplemental income and think they can’t because of physical problems. Get online and share your experiences, hobbies, wisdom, whatever and make money doing it!
Thanks for all you do – Dan
The whole concept of “work” and “retirement” is outmoded. I comes from a time when most people worked for large corporations in factories and offices. That is no longer the case. If you are you enjoy what you are doing to make money then you could either say that you are working all the time or none of the time.
I just wrote about this yesterday Rich. Our days should be planned around our deepest desires and Goals, which ultimately are inspired by our family and what we want for them. What your family ultimately wants is you, your presence.
Live Your Dreams,
Jill Koenig
Author, Coach, Motivational Speaker
http://www.GoalGuru.com
Very interested in what your program is. I can relate to several of these stories.
Rich,
This blog really hit home for me. I know in my current situation, I will never be able to retire completely. My husband and I both work, have two kids, and we barely make ends meet. My husband does have a 401(k) at work that we are saving into. However, we are not saving anything else otherwise. I’m scared to quit my job, because without it, we would drown in bills, but I hate my Job.
I’ve tried a few online “money making” things at no avail. Also, I tried doing surveys, but those are just a laugh. I had one site where I answered every email they sent me, and after 6 weeks, only made $10. No, thanks.
I really have no faith in finding work at home internet job that works for me. I’ll just work and pile on the debt until the day I die.
So, I’m thinking: work is what I do and I love it. Retirement for me is just working a bit less, with more leisure, fewer financial worries, more time for gardening, visiting the kids and grandchildren, etc. So, the secret that I need is HOW do I do it all?
I am one of those over 60 folks who will ’semi retire’ probably as long as I can. What I need/want is a bigger nest egg so I can do it sooner, and with more comfort.
Ok, now I’ve hit the ball back to you. What ‘magical formula’ do you have?
Thanks,
Ruth
Rich,
Interesting points you raise. I don’t think that I will ever quit working. I enjoy being involved somehow in a business venture. It’s too much fun and it beats the alternative….that is to totally retire and spend your day on a hobby, chores around the house or engage in some physical activity. All good, but you need a reason to get up in the morning and I find that working my buisness is my avocation. As long as the work is not physically demanding, you can enjoy a lifestyle that combines work and play forever.
Rich,
Yes I think it’s quite likely that the current baby boomers will never actually fully retire.
That said from the feedback you’ve already got it seems obvious that we all want to work because we actually enjoy it.
Where work becomes “hard work” is when we have to make a living to keep our house or car. There is the problem, it’s keeping an income level you need for the lifestyle you want.
Jim
Rich,
Some of us get it. I’m writing this from the salon of my boat, a 43′ Privilege sailing catamaran on which I’ve sailed over 17,000 miles in 5 years in the eastern and southern Caribbean. This is not a megayacht, simply a sailboat that can take me, my partner Charlie and our cat Sunny anywhere in the world we choose to go. I’ve lived aboard for over 6 years and have no intention of being land based for a long while yet.
The only reason we returned to the US last year was to replenish the cruising kitty. I was attracted to your program because it’s the only one I’ve seen that concentrates on building a business with value to it rather than throwing up a web site and thinking you’re going to be the next internet millionaire.
I need some money not only to continue cruising but also to be able to give back to the people in the various places we stop. For example, in Trinidad I was involved with a tutoring program that helped students pass a major exam which would determine, at age 14 or so, whether or not they continued their education. Opportunities like this exist in many places. If they don’t exist, cruisers start them.
As you have gathered, for me the concept of retirement is meaningless. My father worked for one company for 47 years, hated every day of it, then did absolutelly nothing for10 years until he died. I vowed a long time ago I would not follow in his footsteps and I believe I’ve succeeded. I’m positive I can my internet business to generate the income I need in the next year or so, then it’s off to the Western Caribbean and then maybe across the Pacific. Wherever we are, I’ll be enjoying every minute of it.
Pam
Work smart – not hard. If money is what you want, then do more of the stuff that directly makes you money. At the end of the day, you have to enjoy what you do & if you do, then money will most definitely follow. Should be ethical though & preferably making peoples lives better, as well as yours. (Not talking from experience yet)
:o)
1. Start your own business
2. Plan to Build Your business to work without you! (When you build “commercial, profitable enterprise that can work without you” – You have buiilt a Passive income asset!)
3. Work on a strategy to make you !replacable!
4. Retire to something (as opposed to from something)
5. Have fun all the way.
Hi Rich,
For me, I don’t have kids and family to worry about. So, I’m not going to tell you, I need to work to support kids and family and to meet daily needs. But, the reason I work is because I love doing interesting things and trying new adventures and feel my blood moving. I love taking risks and getting out of my comfort zone. I like to see how far I can reach and discover what I am capable of doing.
Money brings power and security and nowadays the world is once again moving towards classifying people and living the categories game that did exist in the past, long time ago. This is how I view the world today.
I however don’t necessarily need to work hard to reach far. I like to work smart. I do balance between my work and my life. I do take vacations every year and go somewhere away from everyone I know to feel that I changed the environment around me. I need that to re-energies. Because people who work work work non stop, burn out at one point and won’t be able to carry on after. I don’t like to fall in this trap. I take good care of me. I workout 6 days a week for about 1.5 to 2 hours a day. I spend quality time with my family (brothers,sisters, parents,cousins,..etc) and friends. I have money for myself and I do give money to charity. Retirement, is out of the picture for me for one reason only: I hate to sit down and do nothing.
In short, the secret is work smart and manage your time. Get a healthy lifestyle. You will live longer and stronger and will be able to carry on walking on the pins until you die. And that’s the beauty of life.
cheers
Amal
P.S. I might sound too wise here, but believe it or not, I’m younger than you Rich:-)
Nice story Rich. Apparently there are too many people who can’t figure out what they’re selling their soul for.
Cheers
Edmund
The secret is to make money doing what you would be doing anyway if money were no object and then you never have to work a day in your life. ;^)
Boy do I agree with you. I am a psychologist and haven’t had a vacation in years. I am still trading time for money just like I did when I worked at the grocery store packing boxes! It’s just that now I am trading a lot more money for a lot more time. Have you read any RichDad PoorDad? Kiyosaki wrote about this condition, that of working hard for less and less time, in his book, “Retire Young, Retire Rich.” I am 60 and wish that much of this spiritual/psychological/business technology existed when I was much younger. I am still seeing clients, but am now currently constructing an e-business that will help me create passive income. When I do coaching with some of my clients, I am amazed at what most of them must do to make a meager living, even though we are speaking about incomes that are often 6 figures; they may be earning lots of dough, but they’re spending quicker than they make it. Some estimates suggest we spend at 107% of income and we don’t save much. I have followed your latest efforts with serious interest. Keep up the great work. Maybe I’ll work myself around to the place that I can actually hire you! Thanks for your ideas and encouragement. Walt Broadbent
Scarey thought. I work in a high stress business. I own the business. It is an auto body repair business. A small shop that is and always been under capitalized. We are always struggling to keep enough work to survive and be profitable. I can not imagine keeping this up until the day that I die. I simply refuse to allow my spirit to break. I have been searching for a better way. Spent a lot of money looking at many things that simply have not worked. In what I am doing the margins are way too small. You work your but off for months on end and a few short weeks when business is slow you are in the red again. On top of that I can take no time off. I am simply burned out.
The different thing to do is to replace my income with something that does not require my CONSTANT CONSTANT attention and gives me the time and money to enjoy the things that I want to do. I really don’t mind hard work. IT JUST NEEDS TO BE SOMETHING DIFFERENT THAT I HAVE NOT BEEN DOING FOREVER AND THAT I DON’T HAVE TO DO 12-14 HOURS PER DAY.
Also, just to add to my comment above, I believe that if you are not making money after about 5 months of doing what you do, then you should probably consider doing something else instead. – I mean, if you are not making money now, what makes you think you will do later on in your life?! You will likely live a harder live than you could have, at the end of which you will barely have enough cash to pay the bills – just like 99% of people on this earth. – Right? And the power to change that is in your hands, most of the time, and you would want to do it while you are young.
For obvious reasons.
:o)
If I had to continue the pattern of how I’m working now, I’m afraid that it would kill me in a very short time. I really don’t like what I do for a living and if I knew I had to do it for the rest of my life would most definitely send me into a state of depression that I could not escape.
What would I do differently is find something that I can put some time in and see a bigger return for my time and effort than what I see at my present job. I love to work but I would love to be doing something that when I work hard the rewards are a more comfortable life style and more time with my family. I’ve started on the path with getting involved in trying to earn and income online. I feel that I will be successful at if someday but the path is full with smoke and mirrors sometimes…
Hi Rich,
This is the sort of questioning I would like to see more people make of their lives. I quit the rat race to work for myself in early 2001 and I can hardly believe the life I live now. We are expecting our second child any day now, and it’s just brilliant knowing I’m not going to have to “book” time off work. I will simply reschedule my work. The joy of not running the risk of being fired or having to work every hour God sends me is great.
I’m not sure if I’ve already retired or not, as I don’t really regard my work as “work”, but to friends, family and neighbours, it’s easier for them to understand it if I call it work.
Looking forward to more of your wisdom.
Well let’s see I think about this EVERYDAY and I am 29. If I continue doing what I am doing I will not see my family, miss out on my daughters life, not support a “healthy” relationship with a wife…. basically work untill I am 42 and retire from the military. I have been on 3 deployments in 6 yrs. Underway, I would get between 2-4 hours a sleep, rotating shift work…. sleep is for the weak they say.
Grant it I don’t have to raise my daughter (sad about that), I do not worry where my food comes from, I have horrible socialized medical care, I have a place to sleep, and money in my pocket. So what else would I do….
Have my own business where I could have other employees. Work 8-10 hours a day. Weekends off, holidays, time with relatives, activities with a future family I WANT to have and money to for the essentials, food, clothes, roof, and medical care when I get older.
I WOULD ABSOLUTELY LOVE TO WORK ALL OF MY LIFE IF IT IS WHAT I WANT TO DO………WOULDN’T YOU?
Sean Burton
Hellooooooo Rich,
I am selfemployed. I buy older homes in need of TLC and repairs. Then flip them out for a reasonable marketed profit. I live in east TN and my time is my own as what I do is hard work and the market is soft. I have been in the internet for about six months and have yet to make a red cent.
I think my website is pretty good for what I know about the internet marketing. I have a Google ranking of 2 on most pages after just 5 months. As for a mailing list they all just seem to opt out after I give them something for free. The list never builds because of it.
Anyway when I work I work my butt off and when I play I play and I would really like to get this internet marketing off the ground and make the bucks. As I said the house flip is a tuff market hahaha also when it is cold in east TN I for one don’t want to be outside working on a home.
All of what you say is so very true about the way life is today as well as internet marketing and now in this world we live in. Thanks for all your wisdom and I am looking forward to more in the future. So until next time.
One Question:
With the information I already have and this I still don’t have the answers to make just $100 bucks a day from my website.
Hell I would even take $50 a day just to cover me and my expences.
I have been scammed more times the Heinz got pickles and cotters got pills.
Nothing seems to work and all I get is more and more emails to buy buy buy.
Sh*t I am sick and tired of the buy my sh*t crap. I want to know how to make some money as I feel I have all the tools to do so and no one will lead me in the right direction. LIST what list, that too is a joke.
Give until it hurts, well that is what I have done to no avail. Hell all they do is sign up take the freebie and opt out all in the same stroke of the keys. Sh*t I don’t even get the chance for the second email to them.
Who else gets and wants that crap all the time is what I want to know?? We all do I would say and I am sick of it, and if it weren’t for the good information that comes with it all I would just opt out of all of it.
Sh*t I at least give the person a chance to get a point across to me to some fair level before I do opt out if and when I do.
I better stop before I really get going as help is a bad subject with me.
I hope you get a chance to read this and not just the support team as that is another BALL BUSTER with me. Meaning MR BIG never reads the emails or Blogs, well that as I said is BULL SH*T TOO.
Note to all who read>> DON’T PUMP GAS ON May 15th,>> United We Stand.
Up and Over the Top,
Daniel.
http://www.3dragonenterprise.com
Hi Rich, I have been telling folks for the last 8 years work smart not hard. I grew up with the same belief as most, work hard, do good and when you retire, easy street.
Well I woked for 30 years as a Cable TV journetman, generally 16 to 18 hours a day seven days a week. And still getting nowhere. Then 8 years ago this month I was injured on the job. Till this day I can not use my left arm, which is hard to explain to the so called specialists. I am left hand dominate, they are right handed so they figure whats the problem.
I was on compensation up until 3 years ago when they retrained me as a network and internet security specialist. Now I told them they were special to their MOM maybe. That is why I wanted this specialist diploma.
So they dish out 85,000 to train me and wages. I graduated and they cut off my cheque. The reson was that I am now a computer programmer and it pays more than cable so in your ear.
I tried for the first year trying to re-educate them and explained that I am not a programmer. I should just talk to a tree. Then 2 weeks before Christmas they phoned me and said they made a mistake 3 years ago and misdiagnosed me.
So now I am back at square one with no income and when I went to the specialist he said I have zero rotation of my head. On top of all this crap for 8 years I have been leaning on my right arm to get away from the pain in my left one. Now they have to operate on my right arm as there is a nerve that runs along your arm, know as the funny bone. Well that nerve is fried, so they will slice my arm and move the nerve to the front of my arm.
What really chokes me is that they want to operat on the arm that has bothered me for the last 6 months all in a hurry. Not the left one that has been useless for 8 years. So I seen the specialist today and told him this is caused my my work related injury 8 years ago. Put that on paper or you can not slice my arm.
He agreed so there we are folks bust your balls work hard and if you get hurt. Out to pasture.
Now I work out of my home and I am at the point where I can hire some sharp lawyers and they are serving papers this week. I am the midas man pay me now or pay me later.
Athought for others slow down don’t bust a gut to the boss you are a number that is all.
I feel just like Rich . I have a nice website, and yet to have a sale with
about a 1500 mail out list, sent out twice .
If I keep doing what I am doing now I will never be able to retire. I can’t make ends meet now and it only looks to get worse as things keep going up. I want to work less hard and less hours. I think about this a lot and frankly it scares me. I want to have money to retire on with no worries I would like that now. I am not ready to retire but I am ready to work less,because I am just plain tired. I am not great or even very good with computer ansd designing my own web site is out of reach. I have brought more books and ready made sites but all that has done so far is make me poorer. At this rate I will die a sad person instead of the happy person I really do deserve to be. Linda
You opened my eyes some time ago Rich.
Great post – Absolutely right too. The video seminars you gave for free opened my eyes to your teachings.
You have to grow the business and let others (more skilled) people build the business for you. It makes so much sense, yet the majority of us will never see the sense in it!
I am convinced you are right. I have completely altered my business ideas – thanks to you, and good things are beginning to happen.
I am not a student. This is not a plug for Rich.
However, I honestly believe this is the only way to combine a successful business with a happy like. It is the main reason you get in to this crazy business.
I am looking forward to the next post. Try not to keep us waiting too long!
Sincerely,
John Adams
I just spent 30 minutes reading the responses. Was that a good use of time? No, why did I do it? Don’t know. What I do know is that most people are just flat out too lazy to do what it takes to succeed in business, etc. I’m sure Rich did plenty of overtime and long hour days at some point. He’s not going to talk about that now because he’s a coach and you wouldn’t want to get your students down. The point is, there’s opportunity everywhere but you have to have ambition, drive, desire, and on some level you need to be smart. Not always book smart, but common sense smart. Unfortunately there are a small number of people that are genuinely wired that way. Just my two cents.
Rob-
I love what I do as a seme-retired Marriage and Family Therapist. I work as much as I want to and play golf, ride my motorcycle, and hang out with my wife. I’ll keep on doing these as long as I want to and my health remains well.
Hi Rich:
I recently had triple bypass surgery, out of the blue. The genetic piece is very powerful for those of us who have a lineage of heart conditions.
The reason i bring it up is that my thoughts afterwards have not at all been about smelling the roses more. I spent most of my life doing what i love, and money in the bankwasn’t a priority. I agree with Rich, no one is going to take care of me in my old age.
So i’ve taken my creative energies and put them into the Internet. So at the end of the day, i don’t hear a lot of applause, but my bank account is a lot healthier!
We don’t have much respect for history. Retirement was an idea that came out of the ’20’s, when peope only lived to about 45 years old! So very few people would ever actually get to enjoy their pensions. Retirement is an idea, and it’s value in the 21st century is minimal. The statistics on people who retire and die are common.
Here’s to living a healthy, happy and fulfilling life, giving service to others and keeping enough cash in the bank to buy a nice fudge sundae at the end of the day! And then one day we know it’s been a good life; we gather our loved ones together, dance one final dance, and then drop dead!
Hi Rich,
I think the concept of “retirement” is as you say outdated, I also think it is pretty lethal. I think I have lost count of people I have known, or have heard about, who have “retired”, usually at 65 and then within a couple of years have passed away.
Life should be about having meaningful and fulfilling interests, maintaining good health and an appropriate level of physical fitness funded by a permanent and passive income stream that will at the very least pay the bills, certainly support your interests and aspirations and ideally be excessive enough to pay for whatever you decide to be your level of luxury.
Maybe too, the concept of “work” will become outdated and that we should focus on our passions, do what we really love to do and find a way of getting paid for it. WOW! Who’d want to retire from that!
Keep it coming Rich, even your free stuff is changing lives.
Michael
Retire??? That’s for others, not me. I plan do die with my boots on and still attempting to go at least 60 mph.
I haven’t worked for wages for over 50 years…I’m 67 now. And while I made a job for myself (as a doctor, computer manufacturer, commodity trader, CEO of a publishing company and ad agency, etc.) for many years, I sold all these interests in 1990. I am now mostly a TV producer….and having a blast. And I’m doing a lot of selling on the internet. Guess I still haven’t figured out what I want to do when I grow up.
I own 3 homes and am moving to one in Panama where “the livin’ is easy”. But I consider myself a “citizen of the world” so my wife and some of my family can light for a long as we want, where ever we want.
3 cheers for self-employment.
I tell you all this bit of info, not to brag, but to stimulate you to consider making your dreams reality…and NOT focus on money. I’m not rich and live modestly, and tread lightly on the earth. I invite you to try it too! It works for me…maybe it will for you….
You asked:
“What if the way you choose to work today would set the pattern you must continue until the day you die? What would you be doing differently?
The 2 questions above are contradictive in a way, as I see it – since I would not be able to do anything differently if I MUST continue in an absolutely same pattern that I had set with the way that I had chosen until the day I die. BUT it depends – IF it would be possible to do something differently WITHIN the frames of that pattern, and the way that I had created of my own choice, then I would be do the following differently…
* Be more exact in my planning of my work.
* Be structuring of my work in real detail, (it is a process over time though, not a one time shot)
* Be building a strategy
* Be spending more work time offline, really taking the time to THINK about the strategies of what I was doing, and what I was going to do.
This can also be done while you do other things, not even working, even in your time off work. For example:
Once there was a famous author a long time ago, who was lying on a bench in the park doing absolutely nothing, just lying there with his eyes closed seemingly just passing time, resting and taking it easy. Then, his friend came up to him and said:
“Why, you are lying here, doing nothing? The author opened his eyes and replied:
“Dear fiend, I am writing on my next novel.”
He was composing his book in his head, seemingly doing nothing to others, but working feverishly away on his novel in his mind.
(That is one off line way of working)
I would also …
* Be applying a “less is more”- attitude to my work. That comes down to what really is important and not important, and not dealing with the not important stuff. Personally I call it a “Japanese philosophy”-approach and then I think of their simplistic style in architecture and design, free from clutter. It’s all about being effective and pragmatic.
I would also …
* Be developing an iron mask in discipline.
* Be totally rigid in my prioritizations.
To be able to realize the above I would…
* Be starting with fencing (the sport) or something similar, since it will develop my concentration and preciseness. I will then be crystal clear at work. This is for time management purposes, to increase time.
* Be starting exercising more regularly, since it will strengthen me both as a person and at a work level. For example regular workouts, yoga and meditation exercises.
And – because of the above, I would…
* Be taking”holy” and “do-not-touch” “RR day’s” off.
“RR-day’s” stands for Rest and Recreational days. The expression comes from Jack Canfield (Author of â€The Success Principles†among others). He suggests 160 RR day’s/year, when you do not work at all, not even on a thought level.
_______________________
If I would be applying these “within-the-frames-of-the-same-pattern-in-the-same-way”- differences that I have proposed above, I would be able to live a wonderful, fruitful and abundant life both online and offline, with a certain type of probability, be serene, focused and clear until the end.
Thank you for reading this comment,
from Sweden
On question #1 it seems to me referring to my situation now as a salesman which is the “no work, no pay”. That is, if I will not work today I will not be paid for today and this situation goes on and on everyday and unless I won’t do something now to remedy the situation I will end up doing the same thing over and over again in the coming days. So on my free time now, (question #2) I find myself in front of my computer usually in the early morning or late at night searching for the right stuff to transform the program of my daily life into a new and updated program which I am free to do what I WANT, not to do what I have to do and at the same being paid for it.
I still dream that someday I might be able to do what I want in my life that is my love for painting, photography and writing which my current situation doesn’t allow me because I am tied to the task of bringing food on the table for my family and their well-being.
It’s nice I’ve read your post today and eager to read your next post soon!!!
Hi Rich,
The real question is… do I want to retire?
What does retirement mean to me? I can’t do anymore what I love to do… build my online business. I enjoy what I do and don’t want to stop doing it.
What I wouldn’t mind to change is the amount of hours I put in do get the income I desire. But for that I don’t need to retire… I just need to FINALLY jump over the “knowing / doing gap” and start to outsource some of my work instead of doing 99% myself.
Best Regards,
Frank Bauer
http://www.Add2it.com
WOW!
I am over awed with the ideas put forward by evey-one and am learning from every comment. I want to be better focused, clear of thought and decisive in all areas of my life. All your comments are making me rethink my thought processes all over again, with the aim of improving every day.
I think people are confusing working long hours with working hard. We work to deliver an output that satisfies a set of goals. As long as these goals are achieved then you are delivering. I know people that work 12 hours a day and churn out about 1 hours real deliverable quality.
Once you work out what you are trying to achieve and break the job down its a lot easier. Also a firm believer that if you enjoy what you do its not work, and so many people think they have to justify jobs by saying their work is hard!
If I had to do the same thing for the rest of my life I would ensure that I incorporate my personal interests into my work. By doing this it becomes more enjoyable, not hard, and because you enjoy it, you’ll probably be better than most at it and make lots of money!!
I cannot ever see myself ever actually retiring irrespective of what my finances are or become.
No one can even be sure that they wll even make it to retirement age, I lost my son to a cot death in 1976, my 12 year old daughter to cancer, my Dad died at the age of 63, my sister died at 57.
I say live for today, we don’t know what tommorow will bring. Do a job you enjoy whatever that might be?
I HAVEN’T THE SLIGHTEST IDEA. Actually I was injured early in my life on the job. I was 25 years old I was married and had three children at that time. (Another one my boy was my last child.) I have had to go through alot of different things the last 27 years and none of it made me a nickel. I have had to deal with Worker’s
Compensation Board here in Canada and you wouldn’t believe the horror stories that can happen in a persons life. I won’t bore you with details but suffice to say it hasn’t been a very profitable or pleasant journey. If not for my wonderful wife and my four great children I am not sure I would even be here today. I have checked into so many different internet opportunities but haven’t found anything that a internet virgin can sink his teeth into and make any real money.
The whole concept of retirement is a phrase coined by those who hate what they do- or cant imagine themselves doing it forever. I truley believe that it means: I can finally quit!
If you love what you do, why retire?
Does that mean you will be in the same postion or business the rest of your life?
Of course not.
As you evolve as a person you discover what it is that truley makes you happy and you adapt. Why? Because it makes you happy!
Why on earth would you ‘quit’ doing something that gives you so much joy?
For some people, running a successful business makes them happy, for more reasons that money. Their freedom is their business. Those people will never retire, nor could they imagine it.
I hope that I will never retire, because that will mean I have found something that I truley love and have a passion for.
Hi Rich
A very good question – it makes you think what is your purpose and to live the purpose and desire you choose to live your life. To live in the present, not yesterday and not tomorrow.
I don’t particularly go for the word “retirement” it can conjure up some negative images. The masses will go through the system and the conditioning and go through retirement. Selling time for money without negotiation, and where money doesn’t run out but time on earth does.
Time the most precious commodity in the world and how we spend it is our choice, and what we leave behind.
Therefore I choose to live in purpose and integrity. This would allow to give a meaningful and fulfilling life, and easier to attract what you desire.
I’ve been thinking about this question for some time now as I used to work in a high pressure, emotionally stressful job often requiring 12 hour days and interfering with my weekends. My biggest question was how can I have a family and enjoy them if my work is like this.
So, gradually I started backing off on the commitments, scheduling in lunch time walks in the park or chats with colleagues or friends and generally trying to say to myself “if it’s not done by 5:30pm then it will have to wait until tomorrow”. Although this sounds nice and partially worked, you don’t get a great record and higher pay by saying No in the high pressured society we live in. Everybody wants delivery cheaper and faster.
I’ve now ‘retired’ so to speak, but really I’ve just retired from working for others, and I am now working for myself. I say that because in reality I’m still faced with the same issues. I can be more flexible with my time and definitely have a new focus on ‘living for now’ and ‘not letting life pass me by’, but I still have to make a living and it costs me a lot more of my time than I would like.
What is the real solution?
I would work for 10 hours a day, writing, and spend 14 hours on what ever else, including sleeping. I would definetly spend less time waisiting time, and second guessing the roads of life I need to be going down right now. Should I write more, or try to make money a different way, and so on. There would be alot less time to waste.
It’s heartbreaking to hear people say they would drop dead if they had to continue as they are, because it is likely that they will continue unless they stop sleepwalking through life and start making some choices. Thank you, Rich, for giving us the gift of this kind of self reflection with your questions.
I agree with Evan who says that “retired” is a word used by people who can’t wait to quit what they are doing. But daydreaming about when you can retire isn’t living! I did this too until the boredom and hunger for “something more” became so great that I left my corporate job and made some hard choices about what I really wanted in life. Now I have a new definition of success: I NEVER think about retiring. I love what I do so much that I can’t imagine stopping. Of course it means making some trade offs, but the value of day to day fulfillment is worth a lot of salary.
That said, I agree with those who argue that it’s not that easy. People have responsibilities and lifestyles to support, but that is part of the choices we make. The key word here is choice. For example, JJ has gradually made choices to back off on committments and then become self employed, bringing more focus on family and living in the present (and I bet more fulfilment than 12 hr days working for someone else.) A habit of making choices in alignment with your values/passions will eventually lead you to the opportunities that you will never want to retire from.
I hope to see you all soon in the “Never Want to Retire” Club!
Laura Koehne
Rich
If you live to work, you will never “retire”. My father was a prime example, to him life was get up early, go to work, come home and do it all over again the next day. By the time he died, life and work had so morphed themselves together he nor anyone else could tell where one stoped and the other began.
However, working to live gives one a perspective on the why of the equation. I always try to keep in mind the reasons for my labor, and keep my activities focused on a final outcome. That way I am not chaising a rabbit down a long, dark hole.
I think a big part of the question is are you working so hard because you HAVE to be working, or are you working because you want to do it? I know that must seem like a blatently obvious question and others here have addressed it as well, but it’s really the root of the issue.
Now, right now I don’t have any choice in the matter — just like a lot of people. I HAVE to be working, because my net worth just isn’t there it. And so that means that I have to do what it takes.
My goal isn’t early retirement and I don’t really think about “retirement” so much as “planning for when I can’t work”. My goal is to be at a point financially where I can walk away from any work that I don’t want to do. To that end, I’m working to establish passive income, to be debt free, to define well what “having enough” is, and to have an adequate financial cushion.
I’m aiming for true financial independence, but my freedom to truly choose only work I WANT to do (and also how much work I do) can come well before that point if I stay the course.
db
I think I would begin to start making time for doing the things I enjoy. What I mean is the hobbies that I have. People share my hobbies to one degree or another and what makes it interesting is that others would like to share my sucesses and failures and work out how I changed things around.
For ages now I have always promised myself that I would not do for a living what I did for my hobby. Then I asked myself, “why not, why should I not make a living from something I enjoy doing?” There was some mental block that has prevented me from being successful at this and I feel its “feeling guilty” about having fun and still earning a good living at the same time.
My parents were of the old school where they worked hard most of their lives to better themselves. To some extent they have done that, but have they reached their goal? Not really! They feel that there was just not enuf time to cram it all in in one lifetime … enough said?
RJS
Hi Rich,
I have been looking at your site now for a couple of months, and i must say, your questions is a challenge to me. I am working for a boss and i am sick of it. My experience is that when one does well, you get appreciated for a day, and then you have to keep it up, otherwise they look at you with the attitude “what is wrong” or why are your sales so low”. In the mean time, i have spent all of my days working for somebody elses dream, and i sit with a handfull of nothing.
I recently joined a internet network marketing company, and their concept is good. However, i still feel something is missing in my life. It’s like i am supposed to do something with a great result, but i don’t know what. Maybe i still need to find the business that will lift me out of this uncertainty that i daily face.
My desire is to become financially free, and if i could, i would like to accomplish the dream that God gave me.
Regards
Dave van der Linde
Life is short. Who knows what will happen tomorrow?
Make full use of today, including entertainment/rest/etc..
Every today should consists of making your dream to come true and enjoying your time…
Life is an experience…
This opinion is different from most of the others posted. Maybe retirement is not the issue? Maybe working less and earning more is not the issue? Maybe taking vacations is not the Issue?
What is the Issue then?
As a personal aside I live at the poverty level in the Netherlands, supported by government funds. Do I feel stressed out? Not anymore. Why?
Because I am doing what seems most important to me, which is developing my inner awareness of myself and life. I have a small team. We help each other. We work building something of value on the Internet, but the goal is not money or improved conditions.
What is more precious than money or vacations?
These are illusions. What is more precious than money and vacations is the quality of you and your life lived now in the moment of your day.
What is most precious is the time you have in this existence, at whatever age you are at. If you are in your twenties, with whom are you associating? What or who is most valuable to be with? What do you share about? What do you create together, if anything? How are you developing new insights about yourself and life?
This whole long list of responses here shows me people who have focused on money and houses and time for recreation as somehow the goal-motivations for what they do with their existence.
Have you never looked at these things as distractions?
The one thing you cannot avoid is the limited time you have here on earth. It is not just for older people to consider, such as myself at age 73. You don’t have your act together if you are boasting still about income, how you generate money, how much recreation you can put into your day.
People like Jack Canfield, and other marketers, are able to seduce you with these temporary and illusionary goals and make money off of you.
One question only, and it is the question I live by, what in your day of yourself has been truly valuable, truly meeting your next personal challenge, truly a change in yourself for the better?
Do you live a centered life regardless of being rich or poor, working for someone else or working for yourself, working hard and long, or working short and brilliantly?
You don’t need to make external objects and goals your motivation in life. If your tendency is to be rich, then make yourself poor. If your tendency is to be poor then be rich in whatever ways you can. If it is not with money, be rich in the sunlight you absorb in that day, in the flowers you see, in the smiles you encounter, in the pain you feel from the suffering around you.
Be rich in spirit, in how you see and respond to life. This is what I teach. This is what I mostly practice.
Have the intelligence to see beyond the surface of things. Just a suggestion. You will of course do whatever you damn well please!
I am not “employed” today. However I know of the woes of the little income called Social Security. I must “work” for myself to supplement my income. If I did not I would end up literally starving to death. I really mean that. I would not have enough food and I would not be able to pay for my shelter.
Social Security is not correctly named. It needs to be renamed Slow Starvation Insecurity. If any of you are planning to retire on those benefits…YOU WILL NOT MAKE IT.
What I am planning to do is write a “How To…” e-Book and market it on the Internet. This e-book will allow me to generate an income much larger than I presently receive. Futhermore the book will teach people how to profit from a market with a minimal investment of their time and effort. It will instruct people where to sell what I instruct them to buy at a price below market. Then the people whom read my book will profit from the information which I provide. I believe that there already exists a demand for this information which is not readily available anywhere. The e-book will be easily reproduced without much overhead (The overhead will be just the hosting costs for the website that I will develop)
Selling useable information is the “New Wave” for the business spectrum. I think that I’ll catch this wave and make my years of experience readily available in a readable medium.
Hey- my massage therapist works like that too-
I come up with all kinds of ideas for her to make extra
$while I am lying there but she never puts them into action.
I personally never work- my work is so fun, deelightful and rewarding- it never feels like work.
I can’t imagine not getting to “play” anymore- life is good! When you trully enjoy your calling and are passionate it fills a yearning in your heart and you LOVE doing it.
This is my dream for everyone- to find something that makes your heart SING and then find a way to make great money playing- that is what I do and I LOVE my life, I LOVE my clients- they are the best in the world!
Thanks for the great post!
Rebecca
Wow! The comments are so varied and it seems that most everyone is doingpretty much okay with their life. However there are those that are less fortunate with their lives and for the most part our lives are certainly molded and designed to where the corporations and businesses have control of our daily lives to the point that we work 10-14 hours 7 days per week and we do this on auto pilot daily in the stressful traffic slowly killing ourselves without even thinking about it. Then one day we have sickness come into our lives and we are left to survive off our government Social Security disability which is obviously less than adequate. Our Social Security living is not worth the pot to p*** in and even if you do get to retire the few only get to do that. Our lives are surely takwen advantage of by the corporations,big business, and the government. We are slowly loving to no retirement as the norm for everyone, and LIFE WAS NOT INTENDED TO BE LIVED THAT WAY AT ALL. However it is going to be that way for everyone.
I am one of those unfortunate ones who after a 35 year career, and doing rather well financially, was one day left with an illness that was eventually diagnosed as Multiple Sclerosis, and forced to go on Social Security as the years went on. I think I wouldn’t be able to live happily if I would have to work till I died and no life without working a 9-5 J.O.B. To think we have been conned into working our lives away is absolutely pitiful.
Folks just do the numbers yourself. Maybe we average 6-7 days a week we work, and 2/ 4.1 weeks per month at 10-14 hours a day along with the stress of driving to work in traffic and the stress of our jobs every day. To think of having nothing to look forward to at the end of our working days is simply a crying shame, but seems that most of us are headed for this type of life w/basically no retirement, because our government is not going to take care of us. It’s frightening to think of this happening, maybe some people will just end the days because things will be too hard. Rich, you and many others have hit people with the cold hard facts of our lives and people should truly go into business for themselves intead of working for big business/corporations who we make money forand they give us very little in return, Thanks for your efforts. Now just teach me how to do this Internet Marketing flawlessly.
Karlos
Yeah, Rich,
I think you’ve got something to offer me in enhancing my life in the future. Infact, I’ve been wondering what business shoul I do to enjoy a better living during my old age. M y mind keeps travelling miles upon miles searching for a better solution. Well, RICH, I think you can help me find the solution. Thanks, and hope to read your next letter.
KAMARA SCHAFFA, FRANCE.
I think the most important thing is to have a clear vision of what you want to do with your life, how you want to live it and what you have to do to reach the goal you set up.
Many people are living their lives doing the same thing day after day, it is a routine.
You have to realize that you can change your future. You have to pull out the wisdom that you have. You can do it asking questions to yourself, then when you have the answers, you realize that you can do it because you have the potential to reach your goal.
You were born to be rich, or, inevitably grow rich by the use of our faculties; by the union of thought with nature. The game requires coolness, right reasoning, promptness, and patience in the players.
Success is constitutional and depends on a PLUS condition of mind and body, on power of work and on courage.
You need to set your goal and build a long term plan. You have to break it down into short term plans.
Prepare a work schedule to accomplish every day. Specify the tasks with which you will be occupied during the day and stay focused on what you have to do.
It is not about your luck, it is about you.
I would definetly be doing something I love to do like a lucrative hobby and not work for someone who could become redundant and go out of business. It would be something with flexible hours, work at home, so I guess the dream of an online business would fit in perfectly here.
I would be dead if i continue like this for years, and unhappy. I’d get away from being a technician and start behaving as an owner in my business. I’d start having fun, and spend more time doing things I enjoy.
Hi Rich,
I’ve worked over 20 years in the employment services industry, and one thing I have fist hand experience in as that new jobs and specialisations are popping up all the time, while others are becoming redundant.
So it’s almost a certainty that whatever I’m doing in 5 or 10 years time is going to be quite different to what I’m doing now.
Take internet marketing for example.. look how much has changed in 5 or 10 years. Back when I got started it was all about PPC and affiliate marketing – now it seems we’re skipping articles and going straight to blogging – assuming we aren’t podcasting, creating video tutorials or running a subscription site.
Can I see myself retiring? Not in the traditional sense.. as long as I can keep doing what I enjoy doing, then I’ll keep doing it.
Rich,
Compared to most in the internet world you are without doubt the most forward thinking and informative writer that I’ve come across. You have a great skill at condensing big concepts into workable strategies and tasks. For this I owe you much thanks.
But when you approach the deeper elements of “Life” or “Death” without reference to God you expose a shallowness and lack of intimate knowledge of the Almighty. You have a long range view of many things, but if your view of man merely extends to the grave it’s not long enough.
I think I understand the concept of what it means to be a “Maven.” I myself strive to convert abstract knowledge into practical wisdom with the desire to share it liberally and freely. But as you continue the course your on and continue to rise in the estimation of men I exhort you to stay humble brother.
The more we know the more we should realize how little we know.
Knowledge that produces arrogance is truly ignorance.
We know in part and see but dimly, so said Paul the Apostle. An ordinary guy, tim
I have to figure something out quick. I hate what I do and don’t see me stopping any time soon.
Jyo
Averagejyo.com
Thank you for the post! I’m almost shocked! I had some thoughts like that but never gave them much attention. I have to think carefully about what I really want to attain in my life and should not allow my working for maintenance to swallow all my life! Thanks again!