Actual Meaning of Retirement... - Deepstash

Actual Meaning of Retirement...

Retirement is not being 65 years old sitting in a nursing home collecting a retirement cheque. Retirement is when you stop sacrificing today for some imaginary tomorrow.

So how do you get there :

  • One is you can have so much money saved up that just your passive income off of that without your having to lift a finger covers your burn rate.
  • Second is you just drive your burn rate down to zero. Basically you become a monk.
  • Third is you're doing something you love and you enjoy it so much that now it's not about the money anymore.

33

138 reads

CURATED FROM

IDEAS CURATED BY

The idea is part of this collection:

New Year New You

Learn more about personaldevelopment with this collection

How to set achievable goals

How to prioritize self-care

How to create healthy habits

Related collections

Similar ideas to Actual Meaning of Retirement...

Retirement & Lifestyle

Retirement is when you stop sacrificing today for an imaginary tomorrow. When today is complete, in and of itself, youโ€™re retired. How do you get there?

  • Have so much money saved that your passive income covers your burn rate.
  • Drive your

3 Ways to Retire:

3 Ways to Retire:

What you really want is freedom. Retirement = freedom from your money problems. There are 3 ways:

  1. You keep your burn rate under your passive income (make your money work for you)
  2. You keep your burn rate to 0 (you become a monk)...

Fund Retirement Plans ASAP

Fund Retirement Plans ASAP

When individuals earn money, their first responsibility is to pay current expenses such as rent or mortgage and food. Once these expenses have been covered, the next step should be to fund aย retirement plan.

How much difference will funding a vehicle such as aย Roth IRAย early on in l...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

โ€”

100+ Learning Journeys

โ€”

Access to 200,000+ ideas

โ€”

Access to the mobile app

โ€”

Unlimited idea saving

โ€”

โ€”

Unlimited history

โ€”

โ€”

Unlimited listening to ideas

โ€”

โ€”

Downloading & offline access

โ€”

โ€”

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates