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by ryandrake
329 days ago
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> Second is people saying "I can retire early if I work hard now" I mean sure. Toil away the best years of your life when you have the most youth, beauty, energy and freedom so you can enjoy leisure when your body is aching and getting a good sleep is hard. This argument always comes up, where we just assume one's "best" years are in their 20s and 30s, and people can't enjoy leisure at 60. My response is always "Make hay when the sun shines." I can accept you're probably at your cognitive and physical peak in your 20s and 30s, and I'd argue that's the time to max out your earnings, because you may not be able to when you're 60+. I look back at my 20s and 30s, and even though I spent most of them working and not really goofing around having fun, I wish I spent even more of them on my career and saving, due to compounding interest and investment gains. If I did, I might be retired already and spending 100% of my time on fun, instead of playing financial catch-up. Probably the worst thing you can do, financially, when you're 22 and just graduated from college is to take a gap year backpacking in Bali or horsing around in Ibiza or something. In summary: You can have fun and/or work when you're young. You can also have fun, but might not necessarily be able to work when you're older. |
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You can do both: work hard for a while, enjoy life for a while. Compounding interest is real, it's only limited if you're in a rush to "retire early".
I'd rather find a job I like, that doesn't break me, and enjoy my life and passion(sometimes coincide with work), up until actual retirement age. Most people (in tech) that aim to retire early usually end up working after retirement anyway, just on their own condition.
Enjoying "life" is also a skill. I've been surrounded by workaholics and many of them had to essentially learn that later. (myself included)