Why you should never retire

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  • Опубліковано 7 січ 2025

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  • @thullraven1
    @thullraven1 Рік тому +51

    I retired at 59. I hated my job and couldn't wait to retire. I'm debt free. I own my house and car. The key is staying mentally and physically active, which I do. I retired from my job. I didn't retire from life.

    • @juliestapleton589
      @juliestapleton589 3 місяці тому +2

      Well said! Me too! 🏃‍♀️ 💃 🚶‍♀️ 🚴‍♀️

    • @coldspring22
      @coldspring22 3 місяці тому +2

      I am 60, and I enjoy my job, which is mostly WFH. I don't see why I have to quit my job ever as long as I stay mentally sharp. Maybe I might reduce it to part time, but I don't see why I would ever quit until I drop dead.

    • @thullraven1
      @thullraven1 3 місяці тому

      @@coldspring22 Well, good for you. Truly. You are VASTLY in the minority. The majority of people I know are OK with their job and some downright hate it. All of them look forward to retirement. As an example, my Millionaire Airline Pilot friend loves his job but even he is planning his retirement. Retirement is the Super Bowl Championship of life. I worked my whole life to get that prize, so I took it when the time was right for me to do so. No regrets.

    • @darrylsmith6088
      @darrylsmith6088 3 місяці тому

      Dam him.

    • @ScooterOnHisWay2024
      @ScooterOnHisWay2024 2 місяці тому +1

      ​@coldspring22 Why wouldn't you WANT to retire?

  • @AlilatTiamiyu
    @AlilatTiamiyu 2 місяці тому +109

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @YinusaSaheed
      @YinusaSaheed 2 місяці тому

      I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

    • @AlilatTiamiyu
      @AlilatTiamiyu 2 місяці тому

      @@YinusaSaheed That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

    • @YinusaSaheed
      @YinusaSaheed 2 місяці тому

      @@AlilatTiamiyu My advisor is *MARGARET MOLLI ALVEY*

    • @YinusaSaheed
      @YinusaSaheed 2 місяці тому

      You can look her up online

    • @VivekLuna
      @VivekLuna 2 місяці тому

      @@YinusaSaheed The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

  • @jimsimpson1006
    @jimsimpson1006 6 місяців тому +10

    To a young person, living into your 90s may seem like a long, long time. But when you've just turned 70, another 20 years is nothing.

  • @gokamallaanjaneyulu2580
    @gokamallaanjaneyulu2580 8 місяців тому +8

    Key Lessons:
    1)Staying away from retirement will ensure mentally engaged, active, healthy, productive and Happy.
    2)Our decades of experience, knowledge is the foundation for what is to come next.
    3)Longevity Dividend can be reaped, if we could able to Capitalise.
    Age is just a number & Age is not a barrier to success.
    4)Portfolio life can be built.
    5)The Second Mountain:the quest for Moral life by David Brooks.

  • @kirk8429
    @kirk8429 9 місяців тому +11

    To me, retiring means leaving the corporate sales job I've been working at for years. Realizing it's time to strike out on something new and enjoy the wealth I've built.

  • @mirellawentz4688
    @mirellawentz4688 Рік тому +15

    Retirement doesn’t mean disengage in life… I retired and am having a now not stress life.. I might even live longer now and able to do what I want, including being involved in my community

    • @lalatech3247
      @lalatech3247 Рік тому +1

      Hello how did you retire what is your age now?

    • @mirellawentz4688
      @mirellawentz4688 Рік тому

      @@lalatech3247 at 62 as soon as I could receive SS, I’m not impressed with the gaslighting that age is just a number and that you should just work till you drop dead …. You need to enjoy life without pressure to do anything, perhaps finally do the things you’ve always wanted to do. And if you forgot what you love to do… you probably worked too much. Too many on their deathbed never wished to have worked more…

  • @johnwilliams4909
    @johnwilliams4909 3 місяці тому +2

    I have decided that my work, which is not taxing and I enjoy at least 90% of the time, is my retirement plan. My wife is retired and enjoying it, but we do not travel much, our kids are all close to us and I have more vacation time than I can use, so we can and will take some good vacations with the kids and grandkids as time allows. If I start slowing down and need to retire due to health i will, but at 65, almost 66 I still have loads of energy and skill left.

  • @philblane5752
    @philblane5752 6 місяців тому +16

    I have a friend who is a WWII veteran; he is 104 years old. I asked him what the secret is to living to that age. He looked at me and ask me 'are you sure you want to know?" I hesitated for a brief moment thinking it might be something awful like broccoli or kale. I said "yeah, I want to know." He said: "never retire"

    • @ScooterOnHisWay2024
      @ScooterOnHisWay2024 2 місяці тому

      80+ years of doing work that you would only do if you are paid to do it?
      Hard pass.

    • @philblane5752
      @philblane5752 2 місяці тому

      @@ScooterOnHisWay2024 No, that's drudgery, but work you enjoy is not. There is a world of difference.

    • @cathum
      @cathum Місяць тому +1

      Good one - remember that two factors health & work place environments force the person to retire. Any one kicks in, exit. 72 years young here and still working.

  • @Alan-lv9rw
    @Alan-lv9rw 3 місяці тому +1

    I had a master’s degree and 35 years experience in my white collar job. Then the company adopted Six Sigma and they started timing us in the bathroom. I was financially independent, so I retired at 61. Best decision I ever made.

  • @MJB7322
    @MJB7322 3 місяці тому +2

    Retiring does NOT mean becoming inactive. You are conflating the issues. In am 61 and plan to retire in 2 years. I know myself and I will remained totally engaged in life. I didn’t become successful in my career by watching life pass me by.

  • @PortlyPour
    @PortlyPour 2 місяці тому +2

    We are here for a GOOD time, not a LONG time…

  • @lalithashinde1552
    @lalithashinde1552 8 місяців тому +1

    Inspirational and lot of takeaways!
    Coaching young generation is one thing that needs to be done by all top people out there.

  • @FrankRounding
    @FrankRounding 4 місяці тому +8

    I am 75 and do masonry work. I am only working about 3 days a week. Family wants me to shutdown the end of the year. I think I have a pretty good setup. They don't.

  • @dietzyfly
    @dietzyfly Рік тому +5

    What about if you spent your entire working life towards mission-oriented work, like I did in healthcare, and it simply burns you out.....?

  • @ScooterOnHisWay2024
    @ScooterOnHisWay2024 2 місяці тому +1

    Retire ASAP. Every day becomes a gift. You can remain as active as you want to be, but without a boss.

  • @Drganguli
    @Drganguli 2 місяці тому +1

    It is best to start a UA-cam channel after retirement, which I did. I suggest everyone do something after retirement to keep themselves busy and contribute something to the world.

  • @phk8411
    @phk8411 13 днів тому

    I'm living to my 94+-.. God willing...I am finishing strong..I will not stop. Retirement is not my life style..... making it a great life in Hawaii... focused on my next great day..

  • @seekertruth72
    @seekertruth72 Рік тому +2

    each and every word is precious thanks Ravi sir

  • @tibzig1
    @tibzig1 Рік тому +13

    Being a wage slave (for most people) is not "engaging with the world."

    • @coldspring22
      @coldspring22 3 місяці тому

      If you have decent amount of funds stashed, and if you enjoy your work, and respected by your boss, you are no longer a wage slave.

  • @exhausted.dad.here-
    @exhausted.dad.here- 2 місяці тому

    Great video. I’m in my early 50s and financially ready to retire. I have started to scale down but I can already see that a traditional retirement is just not for me. Now I need to figure out what im going to do when I grow up. 😂

  • @user-vg2eg7oo5n
    @user-vg2eg7oo5n 2 місяці тому

    One Rockefeller really did go that way, "in the saddle".

  • @msmsyou1
    @msmsyou1 Рік тому +1

    Brilliant articulation.

  • @counterpoint9260
    @counterpoint9260 3 місяці тому +1

    health is the only thing that matters beyond 60..most folsk take it for granted..get your annual health checkups done now

    • @coldspring22
      @coldspring22 3 місяці тому

      Unfortunately, annual health checkup is just make you feel good service. It doesn't really catch anything insidious like metastatic cancer until it's too late. Do your annual checkups but realize that your life is in your hand, not doctors or health care system. BTW - everyone has cancer, they just don't know it because it hasn't gone full metastatic.

  • @jayholiday256
    @jayholiday256 Рік тому +5

    This guy doesn’t realize W2 work in America can suck.

  • @ganeshkolar4367
    @ganeshkolar4367 2 роки тому +1

    Very nicely explained

  • @douglasnakamura6753
    @douglasnakamura6753 2 місяці тому

    'retire and stop engaging with the world' We don't become hermits when we retire!

  • @panamafred1
    @panamafred1 Рік тому +5

    Lack of motion is death.

  • @sandeepkohli7406
    @sandeepkohli7406 Рік тому +1

    Great thinking n wisdom 👍

  • @johnhughes1952
    @johnhughes1952 29 днів тому

    Not everyone has the option not to retire. Join the real world.

  • @Life_is_everything
    @Life_is_everything Рік тому +1

    Thank you 😊

  • @tonymason5879
    @tonymason5879 2 місяці тому

    People that retire are not gonna sit on their ass and do nothing

  • @venky1973
    @venky1973 Рік тому +3

    Stumbled upon this as I was searching for anti FIRE videos

    • @truehuman9449
      @truehuman9449 Рік тому

      FIRE utter stupidity. Its digging our own grave.

  • @zicosingh3428
    @zicosingh3428 11 місяців тому +11

    I totally disagree

  • @volvotoyota4850
    @volvotoyota4850 2 місяці тому

    59 is not 75 or 80.

  • @rohitgeralifechannelhealth3633
    @rohitgeralifechannelhealth3633 2 роки тому +1

    Very relevant.

  • @wildfoodietours
    @wildfoodietours Рік тому +1

    Wise words from a wise man.

  • @honestdudeguru
    @honestdudeguru 4 місяці тому

    I got my 1st patent at the age of 66 and I want to start a company to create a product based on the idea that I have patented

  • @SmokinZen
    @SmokinZen 2 місяці тому

    No way I follow this advise