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Full time employment: Posting here.
- Joined
- Oct 10, 2009
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Good food for thought in this.
The Finance Buff: Early Retirement and Comparative Advantage
The Finance Buff: Early Retirement and Comparative Advantage
It’s different when you retire early. If your retirement budget still requires a lot of your own labor in maintaining and remodeling your home, taking care of your yard, teaching your kids, fixing your car, and so on, you are basically giving up your job early in order to take up the job of a handyman/handywoman, a gardener, an after-school teacher, a car mechanic, etc. Unless you actually enjoy doing those work (teaching your kids can count as enjoyable), chances are you have an absolute disadvantage over the professionals in those jobs, and definitely a comparative disadvantage.