5 Reasons to Retire as Soon as You Can
83,154
Published 2024-05-11
1. Time is the Only Non-Renewable Currency - Unlike money, time cannot be replenished or regained once it's spent. As we age, the value of time becomes increasingly evident. Health, energy, and vitality diminish over the years, underscoring the importance of making the most of the time we have left. It's crucial to strike a balance between financial preparedness and the quality of life you desire in retirement.
2. Prioritize Your Health - Your health is a priceless commodity, and retirement offers an opportunity to focus on nurturing it. While you may have decades ahead of you, not all years are created equal. Retirement presents a chance to prioritize self-care and well-being, ensuring that you enjoy a higher quality of life in your later years. By stepping away from the demands of the workforce, you can invest in activities that promote health and longevity.
3. Reconnect with Loved Ones - The hustle and bustle of a career often leave little time for meaningful connections with friends and family. Retirement affords you the opportunity to devote your undivided attention to nurturing these relationships. Whether it's spending time with grandchildren, reconnecting with old friends, or deepening bonds with loved ones, retirement offers the freedom to prioritize these invaluable connections.
4. Embrace the Present Moment - While it's tempting to postpone retirement in pursuit of financial security, it's essential to consider the present moment's value. By retiring at the right time, you can make the most of your peak years, maximizing both your health and your enjoyment of life. Rather than focusing solely on the quantity of years ahead, consider the quality of life you can achieve by retiring when the time is right.
5. Financial Readiness - Many individuals find it challenging to make the leap into retirement, even when they are financially secure. The transition from a career-oriented lifestyle to retirement can be daunting, and it's natural to feel apprehensive about this significant life change. If you've achieved financial stability and have a clear plan in place, retiring may be more feasible than you realize.
Retirement is a milestone worth celebrating, but it's essential to approach it thoughtfully and strategically. By considering these five signs, you can determine whether retirement is the right decision for you at this stage in your life. Remember, retirement isn't just about financial security—it's about embracing the freedom to live life on your terms and pursue your passions with renewed vigor.
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⏱Timestamps:⏱
0:00 - Time is non-renewable
2:15 - Improved health
3:58 - Friends and family
5:14 - Best years are limited
6:30 - Financial readiness
8:18 - Think ahead
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All Comments (21)
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Retired almost two years ago at age 55 as a single woman. At beginning of it, my conversion with anyone started by being questioned “What do you do all day?” People including myself identify ourselves with work. I went through self doubt, fear of spending, loss of identity… Now I prioritize everything I neglected when I was working. Stepping into unknown is scary. But for those of us who can retire early, do it. More money can’t buy happiness but quality time spending doing what you love with those you adore can.
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You are 100% correct! I just retired at age 55. I did so for the reason you mentioned. After Covid, I was exhausted and extremely exhausted both physically and emotionally.
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Having recently retired at 63 after 40+ years of sedentary work, this video resonated on so many levels. Being chained to a desk for 8-12 hours a day is a killer. It's so liberating to be able to wake up when I want, go to the gym, and stay as long as I want. It just may have saved my life and health.
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Sitting on a hospital bed owing to work stress triggered conditions watching this - seems like a divine message that it is time to respect time more than money and pull the retirement trigger. Thank you James!
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Retired 52. One year anniversary today. Left a job i loved at my peak earning. Medical... Watched too many patients pass young.... With lots of money.... Slow traveling the world. Prepared for five years mentally.... Sold everything. Spent less than 3k for the month in Malaysia...under 3k here in Thailand....
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Your videos late last year helped to encourage my husband to retire early. He's 11 days in and we know it was the right decision.
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I "retired" 3 years ago, at the age of 37. It's the best thing I've done. I still work with various things, about 10% of a regular job in terms of time. But I mainly rely on passive income and focus on my passion and hobbies. Being the master of my own time is amazing.
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My husband & I have watched A TON of videos on retiring. Yours have been THE MOST helpful!!! Thank you, James! He retired last week, and we feel very ready for it.
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Covid lockdown woke me up to the fact that we have enough saved to FIRE at 50. My wife and I are winding down our jobs and moving to Europe in September. Our plan is to travel for the next decade and experience the world. I semi retired last year and worked from home. Taking naps every day and not having to be somewhere for fixed amount of hours is truly liberating. There is no amount of money that will be worth it for me to ever go back to work.
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Thanks for acknowledging the fear and uncertainty of making the jump. I’m 59 and have 4 more working days until retirement. I’ve been financially ready for at least 2 years but kept putting it off. My friends can’t understand why but it’s a big deal to me. Still nervous about walking away from a high paying job with people that I love being around, but it’s finally time.
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If I was more ready financially, I would retire TODAY. For me, work has always been something that is a means to an end. I've been known to say "This whole work thing sure gets in the way of my real life!". I have "things to do places to go and people to see" all the time. I don't dread retirement, I crave it!
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HOW did you get so much wisdom at your age? LOVE your messages. I am 70, I work at a retail store 2 days a week..... Correction, I did. I Quit. I LOVE to volunteer and that is what I am going to do more of.... I am physically very healthy thanks to 45 years of working out in all kind of avenues....Samanthas Purse is one of the best organization on the planet for me...thank you for reminding me of precious time and need for giving!!
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I retired at 62 after teaching for 23 years. I never looked back and regret nothing. I have had time to watch my grandchildren grow up and to form really strong relationships with all of them.
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One of your best videos James ! People need to wake up ! As i read in a book: the value of money decays with time.
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I am retiring at the end of July. My wife's health actually was the catalyst for that decision. You are so right about time vs $. We won't be getting the same kind of income we did when we both worked but that is not the # 1 priority for us any longer. We won't be broke and we need to focus on the time we have left and trying to improve the quality of that time for as long as we can. We worked all our lives to build for this day. It's definitely time! :)
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Retired 6 months ago after a cancer diagnosis. I am 59, currently cancer free but no longer care if i ever work again. Its an adjustment but i love the freedom. Best decision ever
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Thank you, James. Great video. I'm retiring after 45 years of government service at age 64. Retiing in a few months. I'm going to visit family members who live in the midwest and continue my gym workouts after retirement. So I won't feel guilty about retiring. I'm a native of southern California and will remain here to enjoy my time at the beach.
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Three years ago I retired at 66. I enjoyed my career but felt it was time for the next chapter. Three years in I'm beginning to feel the inevitable decline. I am probably down to 7-8 years of travel and adventure and I wish I would have retired a couple years earlier.
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Hi this message really hits home. All 5 of your points were very well presented. Thanks man!
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James should have more subscribers! I've watched several of his videos, and they are informative and relevant to folks nearing retirement. Thanks for another great message James!
