Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
The Dark Side Of Early Retirement
Old 12-28-2010, 05:07 PM   #1
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,663
The Dark Side Of Early Retirement

Quote:
Yours truly wishes to finish up no later than 45, as I believe working for 20 or so years is a long enough time. Ive done the math with various living and return scenarios and it can be done. But the question is whether its a good idea? Perhaps not.
The Dark Side Of Early Retirement | Financial Samurai
__________________

__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-28-2010, 05:30 PM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,825
The article lists the following "dangers of early retirement":

1) Oops, you change your mind.
2) You run out of money.
3) You lose touch with friends and family.
4) You may find it difficult to start your own family.
5) You lose your own self-respect, and the respect of others.

This is followed by sections entitled "Careful who you listen to" (we ER's are dangerous folks, crooning a siren song to recruit the innocent, dontcha know), and "Early Retirement is Selfish".

Not exactly the type of article that would go over big on this board, I suspect...
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 12-28-2010, 05:34 PM   #3
Thinks s/he gets paid by the post
MasterBlaster's Avatar
 
Join Date: Jun 2005
Posts: 4,359


__________________
MasterBlaster is offline   Reply With Quote
Old 12-28-2010, 05:40 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
Ahhhh...it's all about what makes you happy. If you're not happy, fix it.

Meanwhile here's another tune....

__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 12-28-2010, 05:59 PM   #5
Thinks s/he gets paid by the post
GregLee's Avatar
 
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
Why did the author put a question mark at the end of "But the question is whether it’s a good idea" (which is not a question)?
__________________
Greg (retired in 2010 at age 68, state pension)
GregLee is offline   Reply With Quote
Old 12-28-2010, 07:22 PM   #6
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Another "dark side" of ER is that it leads to short attention spans and a lack of corporate memory:
The "Dark Side" Of ER
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 12-28-2010, 07:27 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,963
Quote:
Originally Posted by Onward View Post
Interesting read, I like to hear all points of view...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 12-28-2010, 07:31 PM   #8
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,663
Quote:
Originally Posted by Nords View Post
short attention spans and a lack of corporate memory
Oops.
__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 12-28-2010, 07:57 PM   #9
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Quote:
Originally Posted by Onward View Post
Oops.
Hey, I started that previous thread, but when I read this thread I didn't remember any of it until I came across the notorious troll's comments...
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 12-28-2010, 08:16 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Quote:
Originally Posted by MasterBlaster View Post
This song is downright tragic.
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 12-29-2010, 03:50 PM   #11
Thinks s/he gets paid by the post
BunsGettingFirm's Avatar
 
Join Date: Jan 2004
Posts: 1,502
The article started out rationally enough. The author pointed out that, yes, skills do get rusty, social ties with one's old social circle do get difficult get to maintain. I noticed that latter point just on vacation. I'm off between Christmas and New Years, but a lot of my friends aren't, so I'm getting no responses to some of my emails. However, a vacation is not like ER or Lifestyle Design where there is sufficient time to pick up a new hobby with a new social circle. Still, what the author pointed out are valid concerns.

Where he lost me completely was at the selfish argument. I wish a few of my co-workers would be a little more selfish and spend a little more time analyzing what makes them such miserable human beings who insist on contaminating their surroundings with negative energy. There is an old Chinese proverb that states, "To rule your country, you must first rule your family, and to rule your family, you must first rule yourself." Instead of running around the world worrying about earning other people's respect through outwardly selfless acts, a lot of folks could use a bit of time to make sure that they are happy with themselves first. Then they can contribute immediately to the greater good by stop being assholes.
__________________
BunsGettingFirm is offline   Reply With Quote
Old 12-29-2010, 03:55 PM   #12
Thinks s/he gets paid by the post
nun's Avatar
 
Join Date: Feb 2006
Posts: 4,835
Quote:
Originally Posted by MasterBlaster View Post
"Is That All There Is?"....a personal favourite of mine. Last year I heard it lip synced numerous times in a blood (fake) stained bar by a guy in a tuxedo playing one of the witches from MacBeth
__________________
nun is offline   Reply With Quote
Old 12-29-2010, 03:56 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Quote:
Originally Posted by BunsGettingFirm View Post
The article started out rationally enough. The author pointed out that, yes, skills do get rusty, social ties with one's old social circle does get difficult get to maintain. I noticed that latter point just on vacation. I'm off between Christmas and New Years, but a lot of my friends aren't, so I'm getting no responses to some of my emails. However, a vacation is not like ER or Lifestyle Design where there is sufficient time to pick up a new hobby with a new social circle. Still, what the author pointed out are valid concerns.
If you are young, it is hard to replace your work social life. People employ various strategies which IMO are not exactly replacements-hobby or club affiliations, and an SO. Also, classes, book clubs. From my experience, all these places are easy to use for date/mate hunting, but not that easy to use for finding same sex friends. If you are a really good snow boarder or similar, and you have a car there should be fairly easy same sex friendships.

Most younger people have plenty friends from work. What are usually in flux is boy/girl activities, so that is where most of the low hanging fruit is found. But this is not completely without its own set of difficulties.

Young people seem to have 2 things on their minds- career and getting laid. There often is not a lot of time or life bandwidth to broaden much beyond these preoccupations.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 12-29-2010, 04:17 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Spoken like a man that has to go to work tomorrow.


He missed one good reason... because I can afford to FIRE. Tired of the old gig... time to try something different!
__________________
chinaco is offline   Reply With Quote
Old 12-29-2010, 04:23 PM   #15
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,663
Quote:
Originally Posted by haha View Post
Young people seem to have 2 things on their minds- career and getting laid.
That describes the young me exactly. Except for the career part.
__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 12-29-2010, 04:29 PM   #16
Thinks s/he gets paid by the post
BunsGettingFirm's Avatar
 
Join Date: Jan 2004
Posts: 1,502
Quote:
Originally Posted by haha View Post
If you are young, it is hard to replace your work social life. People employ various strategies which IMO are not exactly replacements-hobby or club affiliations, and an SO. Also, classes, book clubs. From my experience, all these places are easy to use for date/mate hunting, but not that easy to use for finding same sex friends. If you are a really good snow boarder or similar, and you have a car there should be fairly easy same sex friendships.

Most younger people have plenty friends from work. What are usually in flux is boy/girl stuff, so that is where most of the low hanging fruit is found. But this is not completely without its own set of difficulties.

Young people seem to have 2 things on their minds- career and getting laid. There often is not a lot of time or life bandwidth to broaden much beyond these preoccupations.

Ha
I find that most of my guy friends I meet through the kinds of activities that you would term mate hunting activities. I suppose there is enough of a comrades in arms mentality that we guys get to bond through our, ahem, strike outs. LOL. There is also enough experience with the guys my age (late 30s to late 40s) that we realize that the prize isn't worth hurting our male friendships. However, I find work male friends are competing for real, immediate payouts that I tend to keep them only as work friends. I only let in a few to my social life after they have proven cool enough to be both work and social friends.
__________________
BunsGettingFirm is offline   Reply With Quote
Old 12-29-2010, 05:20 PM   #17
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Quote:
Originally Posted by BunsGettingFirm View Post
Where he lost me completely was at the selfish argument.
He did such an outstanding devil's-advocate job in the article that most readers missed the irony & sarcasm.

I think he also did a great job of shutting down H0ku$ in mid-rant...
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 12-29-2010, 05:21 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,963
Quote:
Originally Posted by BunsGettingFirm View Post
I wish a few of my co-workers would be a little more selfish and spend a little more time analyzing what makes them such miserable human beings who insist on contaminating their surroundings with negative energy. There is an old Chinese proverb that states, "To rule your country, you must first rule your family, and to rule your family, you must first rule yourself." Instead of running around the world worrying about earning other people's respect through outwardly selfless acts, a lot of folks could use a bit of time to make sure that they are happy with themselves first. Then they can contribute immediately to the greater good by stop being assholes.
+1
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 12-29-2010, 06:23 PM   #19
Thinks s/he gets paid by the post
BunsGettingFirm's Avatar
 
Join Date: Jan 2004
Posts: 1,502
Quote:
Originally Posted by Nords View Post
He did such an outstanding devil's-advocate job in the article that most readers missed the irony & sarcasm.

I think he also did a great job of shutting down H0ku$ in mid-rant...
Hmm...finding that blog is like finding all your buds have other favorite drinking holes other than Cheers.
__________________
BunsGettingFirm is offline   Reply With Quote
Old 12-30-2010, 04:07 PM   #20
Thinks s/he gets paid by the post
 
Join Date: Jul 2004
Posts: 1,072
Quote:
Originally Posted by Nords View Post
Hey, I started that previous thread, but when I read this thread I didn't remember any of it until I came across the notorious troll's comments...

Which one? :-)
__________________

__________________
Deserat aka Bridget
We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm. - George Orwell/Winston Churchill
deserat is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Drifting to the Dark Side Ed_The_Gypsy FIRE and Money 19 03-07-2010 04:15 PM
Death Tax and the DarK Side of Warren Buffet Hydroman Other topics 29 09-09-2006 06:08 PM
Lost one to the Dark Side wildcat Other topics 17 06-03-2005 05:34 PM
The Dark Side of Volunteering arrete Other topics 2 04-30-2003 06:57 PM

 

 
All times are GMT -6. The time now is 05:12 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.