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What's Your Personal Definition of Retirement?
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Defining Retirement
Retirement doesn't have to mean that we stop working altogether.
It can mean different things to different people, and some people take to retirement as a way to work towards what they are passionate about.
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Reframing Retirement
Retirement can simply mean to maximize one's resources so that one can finally live life on one's own terms. It can mean continuing to work in projects that one finds interesting or fulfilling.
The core takeaway of all the personal definitions of retirement is Freedom. If one can do whatever is desired without worrying about resources or time, a fulfilled life ensues.
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Four Steps To Building Wealth
- Don’t Be a Consumerist: keep your expenses as low as possible without sacrificing the quality of life. Spend money on things that yield lasting benefits.
- Have An Emergency Fu...
Benjamin Graham - Warren Buffett’s mentor
“Money isn’t making that much difference in how you and I live. We’re both going down to the cafeteria for lunch and working every day and having a good time. So don’t worry about money, because it won’t make much difference in how you live.”
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Minimalizing Your Life
To minimize your life is choosing to live by design, not by default. You decide where to allocate your time, focus, and efforts.
Socrates
Why Minimizing Your Life
What minimizing your life will bring you:
- More Efficiency: You finally have enough time to do what’s truly important.
- More Time: Owning and doing things carry high costs. Doing less frees up your time to focus on the essential few.
- Less Stress: No more overloaded schedules, running from one place to the next, always rushing.
- Better Health: having and doing less calms your mind and brings clarity.
- Freedom: things don’t own you anymore, you only own things you love.
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Cluttered digital lives
If people's physical lives were anywhere near as cluttered as their digital lives, their kitchen sinks would be full of dishes, their closets would be jammed, and their houses would be in chaos.
Become a Digital Minimalist
We can reclaim our time and our attention. Unlike a physical space, we can wipe the slate clean in our digital environment.
If you clear apps from your phone, nothing will happen. You can always reinstall the ones you use.
Digital Declutter
- Clear your browser history.
- Unsubscribe from newsletters, podcasts, blogs, and anything else you consume.
- Delete all the apps that are currently on your phone and desktop or laptop (as long as you don’t have to buy a new version of anything).