Just wanted to share

[Yoheadden]

Just watched this video and thought it would resonate with the members of our forum.
We have members of all ages and at different stages of their retirement journey.
I’d be curious to hear your thoughts about it.

A short video(maybe 15 minutes) on lessons learned from people retired in there 70’s/80’s. Focuses on the connection between time, financial security and health.

 

[JoeWras]

A short video description is customary here and much appreciated.

 

[rembrandt]

Just watched this video and thought it would resonate with the members of our forum.
We have members of all ages and at different stages of their retirement journey.
I’d be curious to hear your thoughts about it.

Good Video! I liked the part about buying time.

 

[Koolau]

Too late for me.

I'm not too disappointed with my FIRE planning/execution. I suppose we'd all do things a little differently if we could go back (with 20/20 hindsight.)

 

[Walt34]

This is why when I was 25 years old I got my private pilot's license and bought an airplane. I also wanted to buy a house but those were at the time mutually exclusive goals. Thinking about it beforehand, I figured out that "by the time I can afford an airplane again, I'll be fifty years old, and maybe won't be able to pass the medical". I was right about the "50 years old" part, but not the medical. Still, I don't regret the decision.

 

[Diogenes]

The speaker notes the usual bromides about retirement planning, such as retiring "to" something rather than "from" something, and stay atop of physical fitness vs. letting it drift. All true, but all too common. However, I did find one insightful morsel: rent before you buy. This is meaningful. Want a fast sports car? Rent it first, and then decide if the experience is so profound that it's worth buying, or if the anticipation was more delectable than the achievement.

I would take the advice further. "Rent" retirement before you buy! Take a sabbatical from work, maybe for 6 months or a year. Travel, relax, pursue a hobby. Is it invigorating and meaningful? Or does it grow drab and predictable and banal? Then decide, whether to retire permanently, or to re-enter the workforce.

I presently am in "barista FIRE", but am seriously thinking of re-entering the workforce full-time maybe for 5-7 years. Whether the opportunity arises, or not, is another thing... but the "renting" before "buying" has been proven to be valuable.