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Kevin O'Leary discourages FIRE
03-21-2019, 04:55 AM
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#1
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Full time employment: Posting here.
Join Date: Feb 2011
Posts: 852
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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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03-21-2019, 05:03 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,701
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He's dead to me. Kevin, turn around, and walk out that door.
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03-21-2019, 05:09 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: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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You're fired! Oh.....that's another show.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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03-21-2019, 05:15 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
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What a crock of s^!t.
__________________
Never let yesterday use up too much of today.
W. Rogers
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03-21-2019, 05:27 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,230
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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.
__________________
TGIM
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03-21-2019, 05:37 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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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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For the fun of it...Keith
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03-21-2019, 05:51 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Jan 2011
Location: Fair Lawn
Posts: 2,940
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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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03-21-2019, 06:26 AM
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#8
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gone traveling
Join Date: Dec 2018
Posts: 1,196
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Maybe related to Suzie Orman preaching - work until you are 70..
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03-21-2019, 06:30 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Posts: 2,643
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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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03-21-2019, 06:43 AM
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#10
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Recycles dryer sheets
Join Date: Jul 2011
Location: Citrus Hills
Posts: 235
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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.
__________________
DISS-MISSED! work in Dec. 2018
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03-21-2019, 06:43 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,537
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I'm at work right now and I'm bored.
__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. 2/15/2023=DONE! "Blow that dough"-Robbie
" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
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03-21-2019, 06:52 AM
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#12
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Full time employment: Posting here.
Join Date: Mar 2019
Posts: 749
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Quote:
Originally Posted by Nick12
Maybe related to Suzie Orman preaching - work until you are 70..
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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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03-21-2019, 06:54 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,417
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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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03-21-2019, 07:56 AM
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#14
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Recycles dryer sheets
Join Date: Feb 2019
Location: Denver
Posts: 77
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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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03-21-2019, 08:23 AM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,007
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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.
__________________
Retired since summer 1999.
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03-21-2019, 08:30 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,689
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Quote:
Originally Posted by audreyh1
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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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?
__________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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03-21-2019, 08:49 AM
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#17
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
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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
03-21-2019, 08:49 AM
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#18
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Recycles dryer sheets
Join Date: May 2017
Posts: 69
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Kevin O'Leary discourages FIRE
Quote:
Originally Posted by urn2bfree
He also states as fact, the unproven (and dubiously studied) notion that retirement is bad for your health.
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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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03-21-2019, 08:56 AM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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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.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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03-21-2019, 09:18 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,171
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Quote:
Originally Posted by ziggy29
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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+1
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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