Never Retire - Generating Enough Income To Be Semi-Retired Now And For The Duration
In the typical traditional retirement scenario, you quit work in your sixties and live off of a nest egg you accumulated in your working years.
In most Never Retire scenarios, you don't have a large enough nest egg for full retirement. This is why you’ll Never Retire.
So, instead of trying to squeeze water out of a rock, you reorganize your life to accommodate your reality. Many of us opt for a semi-retired life across the lifespan.
One where you work less today so you can work less longer. One where you’re organizing your money and work around your life, not the other way around.
This path into relative old age tends to work better and provide more certainty than trying to save so you can quit work altogether. While this feels somewhat counterintuitive at first, it ends up making perfect sense. Would you rather do what needs to be done to work less today so you can work less longer or wonder, after years of physically and mentally draining 40+ hour weeks, if you’ll outlive your nest egg?
If you’ve embraced the reality that you’ll Never Retire—excellent.
It feels fantastic. However, you still need a plan.
In today’s installment of the Never Retire newsletter, we outline a few potential strategies, starting with the (preview: somewhat unrealistic) notion that you can generate enough so-called passive income to get the job done in whole or part.
But first—find the floor. While still doing what you can to give yourself an enjoyable life full of leisure time and fun experiences, maintain as low a cost of living as possible. Especially on housing and transportation. Keeping these two main expenses low makes everything that follows—in today’s installment and in life—much easier to digest.