What do you fear about retirement?

Nov 28, 2008

A Time to Rethink Retirement?


Lately there have been a lot of articles in the media about the need to rethink retirement.
A lot of the articles contain a lot of gibberish about what the governments must do to help people financially.

Fact is, being happy in retirement is part of retirement planning and at least 80 percent of being happy in retirement is based on non-monetary factors.

As for the monetary factors, you have to take 100 percent responsibility for your finances. Even 98 or 99 percent won't suffice.

Whatever you do, don't count on the government or any economists for help. The financial crisis was created by their voodoo economics and pie-in-the-sky ideas.

The downturn has proven that the economy creates and maintains its own rules based on common sense — that apparently hardly any economist or banker understands, however.

Go back to the basics if you want to have a retirement without money worries. The key is to spend less than you earn from your investments. If this doesn't work for you, ensure that you earn more from your investments than you spend.

I semi-retired when I was 32 years old and had a net worth of minus $30,000 (due to my student loans).

Yet I have now been semi-retired for over 28 years and am well-off financially (even after having lost over $50,000 in the stock market) simply because I have taken 100 percent for my finances, expecting absolutely no help from governments or economists.

If you would like a carefree retirement, I would advise that you do the same.


Here are two retirement quotes to help you retire happy, wild, and free:
    The worst days of those who enjoy what they do, are better than the best days of those who don't.
    — E. James Rohn


    Most people fail in life because they major in minor things.
    — Anthony Robbins


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