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04-22-2013, 09:59 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,797
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Retirement Zen ?
Ran across this today-
10 secrets: Retire a spiritually happy millionaire - Paul B. Farrell - MarketWatch
Some interesting points, but contradiction too. Sure it's nice to live in the moment (Zen), pursue your passion, and avoid doing what you hate. But not sure how one can advise only spending 5 or 6min/day thinking about finances (#1) yet suggest opening a business (#7).
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04-22-2013, 10:09 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 1,085
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Thanks for the article. I agree with most of what he says except about becoming an entrepreneur. To me, that's not retiring, Just my opinion, though.
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04-22-2013, 11:31 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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 Quote:
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Originally Posted by ERhoosier
Some interesting points, but contradiction too. Sure it's nice to live in the moment (Zen), pursue your passion, and avoid doing what you hate. But not sure how one can advise only spending 5 or 6min/day thinking about finances (#1) yet suggest opening a business (#7).
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In #1, he was referring to "personal finance," not business related. I can believe most people on average spend 6 minutes a day thinking about personal finance.
__________________
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: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-22-2013, 11:51 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,797
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Quote:
Originally Posted by Midpack
In #1, he was referring to "personal finance," not business related. I can believe most people on average spend 6 minutes a day thinking about personal finance.
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But for the small business person, their personal finance is often tied up with their business (e.g. home equity loan invested for business capital). I know many who are in that situation.
Guess I agree with David that becoming an entrepreneur is not my idea of 'retirement'.
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04-22-2013, 12:13 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
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My zenmaster tells me if I'm an entrepreneur that I've lost my zen card.
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
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04-22-2013, 12:15 PM
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#6
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by heeyy_joe
My zenmaster tells me if I'm an entrepreneur that I've lost my zen card.
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Except if you become a zenmaster I suppose.
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04-22-2013, 02:43 PM
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#7
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Recycles dryer sheets
Join Date: May 2010
Posts: 259
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I guess you'd then be eligible for a "ZenMasterCard"
Okay, I owe an apology for that one.
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04-22-2013, 02:48 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
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 Yeah, the one where you get two-per-zen(t) back.
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
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04-22-2013, 05:50 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,525
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Quote:
Originally Posted by ERhoosier
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I think Mr. Farrell must be going thru some kind of existential meltdown. Every column of his for quite a long time now has gone on and on about how the end of the world is just about here and nothing will be left - doom and despair be our lot usually due to some built in flaw of the capitalist system.
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04-23-2013, 06:14 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,328
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Yeah, yeah it is all true. If you can live your passion and succeed you will be happier than if you slog along at something that isn't your passion. Unfortunately, lots of people try to live their passion and fail and lots more couldn't identify their passion if it banged them on the head, with or without a life coach. How does all this pablum work for them?
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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04-23-2013, 07:07 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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Quote:
Originally Posted by donheff
Yeah, yeah it is all true. If you can live your passion and succeed you will be happier than if you slog along at something that isn't your passion. Unfortunately, lots of people try to live their passion and fail and lots more couldn't identify their passion if it banged them on the head, with or without a life coach. How does all this pablum work for them?
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Stretch goals? Sometimes that's a good thing...
__________________
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: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-23-2013, 08:52 AM
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#12
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gone traveling
Join Date: Jul 2007
Posts: 333
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Quote:
Originally Posted by Midpack
I can believe most people on average spend 6 minutes a day thinking about personal finance.
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OMG, I probably use up my 6 mintues of thinking about my personal finance before 8am each day and that's because I don't wake up until 7:30am and I don't think about much of anything until "after" my first cup of coffee.. 
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04-23-2013, 01:55 PM
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#13
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Recycles dryer sheets
Join Date: Aug 2011
Posts: 106
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Thanks for the article. If I interpreted it right, Mr. Farrell is providing advice on how to live before retirement, in order to one day retire as a "spiritually happy millionaire"...
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