Of course.TheTimeLord wrote:I think some do and some don't. My real point which doesn't come across is I think it is critical to have something to be retiring to, instead of just retiring from something. But, if it makes someone as happy to sitting on a porch swing and watching kids little ague games as someone else is exploring the world then great. It is their life, go for what you want. Sometimes I feel there is a lot of pressure here to agree that early retirement is the answer for everyone, and of course there is no one answer.mak1277 wrote:I'm planning to retire early. I get weekends and vacations and I absolutely max them out whenever I can. Over the past year, I've even started doing more chores (groceries, haircuts, home projects) after work on weekdays so that I don't have to do them on weekends.TheTimeLord wrote:Do the people planning for early retirement not get vacation and weekends off? I would think if you haven't maxed those opportunities out and a huge chunk more of free time isn't going to really add that much beyond extra time to lie around.texasdiver wrote:Most of us here could probably find a second job. I see employers around here advertising for swing and graveyard shift work. I could probably give up my relaxing evenings with the family and my weekends and squeeze in another 40 hours of work per week. People do it.
So is there an "opportunity cost" if I decide not to work 80-100 hours per week? Gee, if I did I could be throwing away a new BMW every year too!
I'm not sure how this is any different from the opportunity cost of early retirement. Do you work to live or live to work?
It's that whole concept that makes me want to retire early...I want never ending weekends to do what I want, when I want to. For me, it's spending time outside, and you wouldn't believe how many times there are beautiful days during the work week when I'm trapped inside and then it rains all weekend.
It irks me when people assume that wannabe early retirees aren't living life to the fullest already and we're somehow just waiting to retire to do the things we want to do.
Its good to see more and more folks jumping on the early retirement bandwagon. A couple making 80K a year each should have little trouble amassing a 7 figure net worth in 10-15 years time. You just need to make small tweaks in your thinking and behaviors: ie: not buying new cars, healthy food cooked at home (no eating out so much), budget travel, ect. Giving up those things which are nice but don't necessarily make life more enjoyable....now that's opportunity cost!
Anyway, terrible article and not thought provoking at all. Opportunity cost is lost income? LOL