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Kevin O'Leary discourages FIRE
Old 03-21-2019, 04:55 AM   #1
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Kevin O'Leary discourages FIRE

https://www.cnbc.com/2019/03/20/shar...esnt-work.html

Basically

YOU ARE YOUR JOB!

Your Job IS Your Life!

Without work, you have no social life!

If the above are true for you, I agree with him. His view that these apply to everyone is rather narrow-minded.

He also states as fact, the unproven (and dubiously studied) notion that retirement is bad for your health.
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Old 03-21-2019, 05:03 AM   #2
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He's dead to me. Kevin, turn around, and walk out that door.

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Old 03-21-2019, 05:09 AM   #3
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Old 03-21-2019, 05:15 AM   #4
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What a crock of s^!t.
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Old 03-21-2019, 05:27 AM   #5
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Keys in on lack of social interaction, which for us is totally not true. Going out with 4 other couples this Saturday as just one example.
Perhaps and just perhaps there is a greater possibility of boredom when retiring super early, but for many 50's retirees the BS bucket is full already.
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Old 03-21-2019, 05:37 AM   #6
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O'Leary made his name by being an extremist. He will not find a large following here because the members are largely work to live. OTOH Shark Tank contestants are largely a live to work gang, albeit pursuing their passions.
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Old 03-21-2019, 05:51 AM   #7
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In a sense - and for a select group of people - he's right. His comment "retirement is boring" means work is likely a better alternative to boredom. I recall my retirement planning, and I suspect everyone else here, involved not just financial but activities I would be doing.
In the last week I've had a taste of "retirement without anything else to do" as I recover from being sick. It's tough being cooped up, and I could see how someone doing this voluntarily would see work as a better option.
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Old 03-21-2019, 06:26 AM   #8
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Maybe related to Suzie Orman preaching - work until you are 70..
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Old 03-21-2019, 06:30 AM   #9
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I promise. The moment I get bored, I'll go back to w*rk.

Don't hold your breath.
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Old 03-21-2019, 06:43 AM   #10
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I think he is referring more to the crowd that is younger citing the fact that he could easily retire at age 36 after selling his company to Mattel. However, he then states he will work until he is dead and beyond if there is work to be done where ever he ends up.

I feel sorry for the guy. Money appears to be his God. Think of all the good he could do if he focused his (God given) talents on some aspect / opportunity to make this world a better place.
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Old 03-21-2019, 06:43 AM   #11
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I'm at work right now and I'm bored.
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Old 03-21-2019, 06:52 AM   #12
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Maybe related to Suzie Orman preaching - work until you are 70..

Suzie Orman is another talking head moron. She says I need $5 million to retire. We'll be doing quite well on FAR less than that.
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Old 03-21-2019, 06:54 AM   #13
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No social life in retirement not sure what that means. Lol If you don't have a social life that is your fault and work has nothing to do with your social life. You make your life what you want it to be.
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Old 03-21-2019, 07:56 AM   #14
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complete B.S.

I had a very demanding job. Lots of people interaction, tons of travel around the world, very public facing - lots of lunches, dinners and even breakfast (ugh, the worst) with lots of people.

I retired 3.5 years ago. I do not miss any of it. In fact the thought of getting up on a stage and speaking, or having to go to a group dinner with a bunch of customers, or another meeting in a room of people I didn't really know very well - well that thought is a thought I try not to think about.

I do what I want. When I want. How I want. For whatever reason I want. My wife just joined me in our quest for "do what you want" this year. The only reason one of us *might* go back to work is that we are in our early 50's and healthcare is a mess in the US if you are under 65 and not working for a big company

He must be a very boring person if he cannot amuse himself, by himself. Sort of like a five year old, they must be generally entertained. By the time you are a teen - you're supposed to be able to amuse yourself.

I don't know, different strokes for different folks. I'd get out early all over again if I had to do it over (and maybe even sooner than I did this time around...)
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Old 03-21-2019, 08:23 AM   #15
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I know there is a huge set of blinders when working folks can’t perceive a social life outside of their job.

It’s usually a result of working too much or not being able to develop any kind of personal life outside of work.
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Old 03-21-2019, 08:30 AM   #16
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Originally Posted by audreyh1 View Post
It’s usually a result of working too much or not being able to develop any kind of personal life outside of work.
Who'd want to hang around Kevin O'leary? If he lived next door, I'd probably never talk to him. He's bombastic and irritating. Can you imagine going out to dinner with him?
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Old 03-21-2019, 08:49 AM   #17
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I started reading the article and got to “work defines who we are”. I didn’t read any more. Good luck to him and others like him who need work to be “somebody”.
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Kevin O'Leary discourages FIRE
Old 03-21-2019, 08:49 AM   #18
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Kevin O'Leary discourages FIRE

Quote:
Originally Posted by urn2bfree View Post
He also states as fact, the unproven (and dubiously studied) notion that retirement is bad for your health.


It’s cause he has no friends lol. Only people that have to be paid to talk to him.

Get a gym membership and make friends. Join a group and make friends.
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Old 03-21-2019, 08:56 AM   #19
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People like this have a blind spot in that they love their work and draw energy from it, and so they project their own personality and experiences on to others.
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Old 03-21-2019, 09:18 AM   #20
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Originally Posted by ziggy29 View Post
People like this have a blind spot in that they love their work and draw energy from it, and so they project their own personality and experiences on to others.
+1
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