I retired and enjoyed the heck out of it. If you want to know what I did, go to about and about me.
I started planning for it when I was in my 30’s and knew it would be a long game to have enough. I listened to Larry Burkett of Crown Financial Services, a biblical based ministry that taught me to save and to live debt free. I posted about it a while back on how an average Joe can become a millionaire.
Was it hard?
You bet it was. There were a lot of sacrifices and a lot of learning about investing, managing money and faith in God. It turns out that we were blessed with an abundance of riches, only a small amount of which are financial.
We were alone.
Fortunately, my wife was on the same page. Heck, my Mom even taught me how to save as she lived through the depression. She could make anything last longer than possible. That woman sacrificed for us and I noticed. My siblings however never learned. Mom told me she taught each of us the same lessons, but said no one else listened to her.
I caught a lot of crap from my friends.
Working in the airline industry is very common for my family and friends. We have many pilots and flight attendants in that group.
Rick, with whom I went to school with since 7th grade, gave me a ton of grief when we were in our late 20’s. He was serving cokes for a living (stewardess) and wasted 15 years of his life doing it. He was broke when he quit.
I spoke to him one Saturday when I was at work. He told me that he only worked 2 weeks a month and was off to Hawaii for free, rubbing it in my face that I had to work. When I hung up, I knew right then that I was making a short term sacrifice for long term gain. I would be retiring early while being financially safe and knew I would have to work hard to accomplish it. I said to myself that I would make it my goal and I’d be playing golf while he was working. He still is working today, and when he got to the real world I’d had 16 years of experience. I had owned my own business shortly after that conversation. FWIW, I played golf this week and have enjoyed a long retirement while he was in tech support.
Did I get even with him?
I chose not to rub it in because the facts show our different outcomes. I’m glad I have mine. I knew I would be financially set and stuck with it in life. Every day is Saturday for me now and he is living off of Social Security.
Being an introvert, I don’t want to get into it anyway and he doesn’t want to talk much anymore. I don’t care what happens to others as I can’t control anything other than my destiny. I’m sorry he didn’t listen to me. He told me he resented that job for 13 of the 15 years he did it and hates his current job.
A theme and a pattern.
It wasn’t only my siblings and friends. When I sold my business and went to work for IBM, they were the same. When it came time for me to say goodbye, my house was paid off and we had saved. Almost no one could believe that I was pulling the plug that early. They thought it was some scandal that I had to quit and were very disappointed that the reason I retired was because I could. Most of them were keeping up with the Jones and didn’t save. I looked some of them up and they are still stuck working at the same job when I left.
At the end, IBM was a terrible place to work (see managing executive ego’s, the good, the bad and the ugly). I actually pulled the trigger a year early to get out of that hell hole. To a person, everyone said they wished that they could do what I did, get out. They were too far in debt to do so.
I turned down moving to New York to “climb the ladder” because living there sucks and I didn’t want to raise a family there. People told me when they moved to New York, they got to pay 30% more for everything, for less than I made. Again, I knew that I was making the right decision for my family not to go there to “get ahead” (behind would have been the actual case if I’d gone there).
Dad worked until he was 70. Work defined his life. He was lost when he retired.
Working was only a means to an end for me. To be fair, I was fortunate enough to be highly successful and God decided that I should be compensated for it. That helped make it happen, but if you go back to my siblings, they earned more than me at times. They still work though as most of it was wasted on useless stuff.
Dad couldn’t understand my goals, but I had so much going on that work was interfering with my life, so I stopped. I never regretted it.
A lot of the IBM’rs died shortly after retiring because they had to work a long time. I saw that and knew I wanted to enjoy my life. Now, every day is Saturday for me.
I have enjoyed each day these last 10 years. Heck, I’m the president of the how to enjoy your retirement club. Never once did I think about going back because I didn’t have to.
If there is any lesson, it is in the post of how to become a millionaire.
Short term sacrifice for long term paradise.