10 myths of early retirement that need to die.
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My wife and I retired early at 33 and 35, respectively. We're happier and healthier than we've ever been.
The top 10 B.S. myths I've heard about early retirement over the years.
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The top 10 B.S. myths I've heard about early retirement over the years.
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1: You will be so bored.
Only boring people are bored.
Find a damn hobby, then do it. Do it well.
Hobbies keep us busy, productive, and feeling useful.
Try it.
Only boring people are bored.
Find a damn hobby, then do it. Do it well.
Hobbies keep us busy, productive, and feeling useful.
Try it.
2: You'll never be able to work again.
Untrue.
I turn down more job opportunities than I did when I worked full-time, and it's not even close.
People will marketable skills will always be in demand.
Untrue.
I turn down more job opportunities than I did when I worked full-time, and it's not even close.
People will marketable skills will always be in demand.
3: It's impossible to build wealth working a 9 to 5 job.
Bullshit.
Bullshit.
https://twitter.com/SteveOnSpeed/status/1379075692789436418
4: Everything will be better after I retire.
Truth: Early retirement isn't some magic pill. It won't make everything better.
If you're an unhappy person working full-time, you'll be an unhappy person after you quit.
ER doesn't change the type of person you are.
Truth: Early retirement isn't some magic pill. It won't make everything better.
If you're an unhappy person working full-time, you'll be an unhappy person after you quit.
ER doesn't change the type of person you are.
5: I would rather be productive than retire early.
Early retirees are unproductive? A giant lie.
If your job is the only thing in your life that makes you feel productive, I feel very, very sorry for you.
Early retirees are unproductive? A giant lie.
If your job is the only thing in your life that makes you feel productive, I feel very, very sorry for you.
6: Early retirement isn't possible with kids.
This is factually incorrect. I know MANY early retirees with kids.
For instance, @RouteToRetire and @RootofGoodBlog immediately come to mind, but there are so many others.
Don't use your kids as an excuse. It's pathetic.
This is factually incorrect. I know MANY early retirees with kids.
For instance, @RouteToRetire and @RootofGoodBlog immediately come to mind, but there are so many others.
Don't use your kids as an excuse. It's pathetic.
7: Retiring early requires extreme frugality.
▫ a home gym
▫ MacBook Pro
▫ top-shelf liquor
▫ prime-cut steak
▫ weekly restaurants
▫ big computer monitors
If this is "extreme frugality", I'm not sure I want to know your definition of "excess".
▫ a home gym
▫ MacBook Pro
▫ top-shelf liquor
▫ prime-cut steak
▫ weekly restaurants
▫ big computer monitors
If this is "extreme frugality", I'm not sure I want to know your definition of "excess".
8: It's selfish.
Choosing to nix your commute, sitting in pointless meetings, and listening to bosses drone on about mission statements isn't my definition of selfish.
Early retirees have more time to give back, get involved, and volunteer.
Opposite of selfish.
Choosing to nix your commute, sitting in pointless meetings, and listening to bosses drone on about mission statements isn't my definition of selfish.
Early retirees have more time to give back, get involved, and volunteer.
Opposite of selfish.
9: Early retirement is only available for the "privileged".
Those who deny the power of personal responsibility are full of shit.
Yes, it's easier for some. That's always been the case.
But, "privilege" is a cop-out that's keeping people from pursuing their dreams.
Those who deny the power of personal responsibility are full of shit.
Yes, it's easier for some. That's always been the case.
But, "privilege" is a cop-out that's keeping people from pursuing their dreams.
10. You're not retired if you're earning money.
If a 70-year-old grandpa makes a little cash on the side by selling his woodworking, nobody accuses gramps of not being retired.
Earning money doesn't define retirement.
If a 70-year-old grandpa makes a little cash on the side by selling his woodworking, nobody accuses gramps of not being retired.
Earning money doesn't define retirement.
Join thousands of people in my 5-week Bootcamp that will teach you everything school *should have taught* about money and success.
steveadcock.us/relearn/
steveadcock.us/relearn/
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