Monthly Archives: December 2013

Don’t retire early

Every now and then when I talk to people about this blog and the idea of early retirement, the positive people would maybe excited for about 5 seconds before they told me it is impossible to achieve early retirement in our generation. Actually, if their idea of retirement meant inactivity or doing nothing at all, they are almost correct. Because even thought I haven’t achieve the financial side of freedom to early retirement, I knew that even I manage to get my investment to support my expense in future, I won’t be sitting around doing nothing either.

I am 32 years old this years, let say I get my investment up and running to support me financially in 10 years time, I will be 42 years. By then I am still relatively young in the society, and I will have much more knowledge and energy to serve the society so I don’t think I will be sitting around at home and reading newspaper and watching TV all day long. The thing is the definition of retirement in today world should change, it should not means inactivity or expiry of a person, it should be a member of society gain his time freedom to pursue important things in his life. It could be his family, traveling plan, social activity, his job(yes, there are people love their job and doesn’t celebrate every Friday and blue every Monday) or just serving his community.

Also, I think early retirement or not, we all on the journey of  life. Even you think you are going to work for a much longer time because some choices you made in the past, there is nothing to be sad about. We all have our own way to contribute to this society, some of us done it with our job, some of us volunteer, some of us run a business to provide goods and services and some of us taking care of our family. It doesn’t means that early retiree is better than you because they can retire earlier than you, it simply means that they made the decision earlier and decided to make it works for them.

There are sacrifice to make, things to set aside, events to miss in this journey. You are the only one can answer whether are all this effort worth it? Are you really ready to commit to this goal? Remember, it is not only the big ticket item you need to be mindful, you have to be really looking all area of your life to make it works.

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Filed under Passive Income, Personal Development

Living like a student?

Most of us had student life, it was the best part of our part. That was the time when we were young and energetic, full of ideas and with all kind of possibilities. That was also the time we have no income, depend on our parent for daily needs, watch out for our spending and plan months ahead just to get a concern ticket or a trip to the town.

Seriously, I like those years. I like those years where we were less financially educated but we are causing less damage to our financial self. I like those years where resources were so scarce for us (parent weren’t rich), but we used our creative mind and hard work to earn our reward. We were fearless, we were hardworking and we were ambitious. We worked our tail off for something out of interest or passion, not money, we don’t spend money on unfulfilling stuff because we were busy working and chasing our dream.

Fast forward 10 years, everything changed. Most of us had been through the ultimate test of life called career. Career is a abstract word, an idea this society want to push into our head. And most of the time, how successful you are in your chosen career is measure by how much money you make in this particular career. At this point of life, you have the most earning power of your life, you felt compelled to reward yourself after all the job well done, you stopped watching every little spending in your life because it just doesn’t worth your time. You have money but you don’t have (enough)time for the things you like to do, the people you like to spending time with and read the book you have been wanting to read.

Sometime I wonder is this the life I want for the rest of my life? Working hard to earn the dollars and spend them all in the next moment, then repeat this cycle. Or should I work hard to earn the dollars and ask them to work even harder to produce more of themselves to serve me?

Either path is a choice, it is a choice we all have to make and we all had made in our daily life. Every time you make a decision, you are making that choice, no good or bad, it is just a choice. As I always said, there is no problem, only project, there is no failure, only feedback.

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Filed under Personal Development, Save, Spend