This is why there should be savings for different kinds of things. Health insurance can save you inn cases like that. As per school fees, you are right that you can't truly retire yet until one of your kids graduate and have a job of their own because until then you do not know what can happen or what will your kid be doing. Life is difficult and early retirement is a dream that is very difficult to achieve.
Do you think all diseases are covered by health insurance? even the insurance cover your diseases, do you think they will give you the best service and best medicine? there's a big difference when you go to public hospital (where you can use insurance) and private hospital.
And furthermore an early retirement sounds dull. There need to be periods of rest and work in a person's life but only work or only rest is not the right way. Life means movement, only the dead don't move.
Yeah, the only difference is I'm just feel safer because if I get fired, I can still survive. But regardless I have a job or not, I will keep thinking how to grow my money, it's a never ending cycle. I mean, rich people are still go to work, so why should I quit?
And yes, we are design to move and not rest, that's why when I go to the province and seeing farmers, who are in their 70's or 80's but they look young and strong because of their constant movement and battling life itself.
I disagree, they do look strong, but they doesn't look young. Working outside get sunlight everyday and they still don't know about skincare products, they're look older than their ages.