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How about doing work you love?

Submitted by Philip Brewer on February 21, 2008 - 07:04.

Retirement, in the sense that most people use that word, requires a huge amount of capital--so much that it's very difficult to accumulate while you're young, even if you're well-paid and live frugally.

But I don't think "retirement" is really such a hot goal. What most people want, if you talk to them in some detail, is less drastic than that:

  1. They want to quit a job they hate.
  2. They want to have a schedule that lets them spend more time with their family.
  3. They want to have a schedule that lets them travel.
  4. They want to be free to do work that interests them, even if it doesn't pay well.

That sort of "retirement" is much easier to come by than the regular sort. In fact, if it weren't for the way health insurance works in this country, it would be easily within the grasp of any person who lives frugally.

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