Quote from: robelneo on September 20, 2023, 02:03:42 PM

Quote from: chigo on September 20, 2023, 01:32:12 PM

.. he retired early (at the age of around 35 years) now he is around 45 years old but there is an illness he is suffering from and he has to get proper treatment which quite expensive, so he sold some of his valuables and also withdrew his investment in shares.

as long as you can still make money, don't even think about retiring early, I know early retirement is everyone's dream but who knows what will happen next, you have to maintain your grades and productivity so that you stay healthy and respected by people.

Retirement is never in my mind with the current economic woes in our country and inflation and the value of our currency going down pensioners are losing their pensions worth and besides the body will become weaker when it stops doing what it used to do for so many years, it's ok to take a short vacation or rest but we should always find ways to make money and get the body to work.
The mind and the body will suffer from boredom due to inactivity and it happens when you retire from work I've seen senior citizens still working because they don't want to procrastinate, which will harm their well-being.
Our time to retire will come when it's time for us to go into this world.

Maybe this will provide a little enlightenment regarding finances in retirement and when you become a worker. In the case of workers, very few employees are able to reach a stable standard of living, not because salaries are inadequate but because wages are stagnant. Indeed, in some cases these employees are able to metamorphose in the world of work, namely being promoted, but there are also quite a few employees who are stagnant in their positions in their offices. This is something you can think about again when you want to make the decision to retire early.

From the little experience I got, some employees set aside their salaries to save and invest in property or as capital to build a business. All of them that I met had the reason that if they had an investment or a business that was starting to run well, they would take early retirement to be able to focus more on developing their business. in this way they will not continue to be employees, but will turn into bosses. Yes, although quite a few also experience ups and downs along the way, this is a normal thing in the business world.