What do Bill Gates, Warren Buffett, Richard Branson, Mark Zuckerberg and Tony Robbins all have in common?
They all have a tremendous amount of wealth but are still working.
The question is…Why aren’t they retired?
Isn’t that the goal of 99% of people in today’s world? Make a ton of money, retire, kick back on a beach and call it a day?
Why is it that people that are worth hundreds of millions or even billions of dollars, continue to work every single day?
It’s pretty simple — these individuals love what they do.
Tony Robbins loves helping people with his seminars, books, and coaching.
Mark Zuckerberg loves to connect the world on Facebook.
Warren Buffett loves to invest in companies and build an even stronger business.
So what are you trying to do with your future or your retirement?
Here’s why I think you should strive to do more than just golf and sit on a beach in retirement.
Flip The Script
Personally, I think traditional retirement is a huge scam.
You’re forced to work from 18-65 until you’re finally allowed to withdraw your money from your retirement accounts.
You waste your best years working on someone else’s dream (often overworked), barely manage family, fitness, and sneaking in two weeks of vacation each year.
Sure, your employer will dangle a 401K, insurance, raises, and maybe some stock options but is it worth the stress?
Do you really want to wait until you are 60 or 70 to cross everything off the bucket list?
My question is, would you still work at your current job if you won the lottery?
I would guess no as 80% of people don’t like or hate their job. I’m guessing if you get the golden ticket you’re packing your desk or just never showing up again.
Here is why I agree with Warren Buffett on why your goal shouldn’t be to retire at 65:
With all the new advances humans are living longer than ever.
For example, this Business Insider article showed that in Japan, it used to make sense to retire at 60 or 65 years old as the average lifespan was 68 years old.
As of 2015, the lifespan has increased to 84 in Japan!
I’m not saying you need to stay a job you hate or aren’t passionate about until you are 84….quite the opposite.
Instead, you should work hard in your 20’s, 30’s, or even 40’s to develop your passions.
Live Your Passions
As Warren Buffett said, “I tap dance to work every day.”
He absolutely loves his job and is passionate about his career since he began doing what he loved over 60 years ago!
Granted, he found his passion very early compared to most as he started trading stocks as a teenager. But it’s important to find your passion sooner than later to live a truly fulfilled life:
As Steve Jobs said, “Your work is going to fill a large part of your life and the only way to be truly satisfied is to do great work. And the only way to do great work is to love what you do.”
Spend some time developing your passions sooner than later to do fulfilling work.
I don’t think many people look back on life regretting that they did what they loved. Here is a great example….
The 92-Year-Old Comedian
I read a great article about Marty Allen, at 92-year-old who was once on the old Ed Sullivan Show and even introduced the Beatles to America.
He still regularly performs stand up comedy in Las Vegas with his wife of 30 years. And a ton else…check it out:
“I don’t see retiring. What do you do? Why would you retire as long as you can walk or walk? I think it slows you down in life. As long as you are able to do things keep doing them. I’m writing a book about my life, I collect art, I do comedy and I’m a reader.”
How cool is this guy!?
Just because you get older doesn’t mean you have to retire at 65 and call it a day.
By following your passions earlier than later in life you will be much more equipped for your future and gain a ton of experience along the way.
When you gain this type of experience you can use it in the future as well by mentoring or coaching others.
Sadly, as people get older a lot of them feel as though society doesn’t have a need for them.
But, in reality, older people have more life experience and can often times provide great insights to people for life and business advice.
When I am older, and hopefully wiser, I hope I will be able to give back to the younger generation with my advice.
One of my ultimate goals is to give an empowering commencement speech (if colleges still exist then) as I’ve seen several that are incredibly powerful.
Take a look at these three:
- Steve Jobs – Stanford Commencement Speech
- Arnold Schwarzenegger – Commencement Speech
- Navy Seal William H McRaven – Commencement Speech
When you get older you can provide a ton of guidance for younger people, help them navigate life’s challenges or volunteer.
I understand not everyone will want to work until they are 100 years old like me, but if you have to fully retire make it well past the age of sixty-five.
Don’t make retirement your goal. If you’re 25, 35, or even 45 it’ll be a long time sitting a job you don’t like waiting to retire.
Spend time developing your passions so you can start living life instead of “slogging out the 9-5” waiting to be 65.
Life is short to be thinking 30 years out.
Try everything, get out of your comfort zone, stay healthy and keep learning to live your best life.
Do you want to retire at 65 or start finding fulfilling work…if so what’s holding you back?
Let me know in the comments!
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