The Downsides Of Not Working. If you look carefully around the web, you’ll read scores of articles about the desire to retire early. Yours truly wishes to finish up no later than 4. I believe working for 2.

I’ve done the math with various living and return scenarios and it can be done. But the question is whether it’s a good idea? Perhaps not. Now that the economy is in full- on recovery mode, it’ll be interesting to see how attitudes change towards early retirement. Will those who’ve short circuited their careers feel the pull to return to full time work and maximize their earnings potential again? I believe so. What about all our “lifestyle design” and “digital nomad” friends who had a rough time landing something stable they truly love?

Possibly they’ll come back too. Those who are able to retire early are often cherished. I certainly admire those who are able to cut down their desires to the bare bones and live a very frugal lifestyle. I also admire those who’ve been able to strike it rich very early! That said, perhaps early retirement isn’t a good idea for the large majority of people. Let’s explore several reasons why people want to retire early, why they exist, as well as understand why we should all think twice about pulling the ripcord too early.

Someone has to argue the other side, so it might as well be me. WHY PEOPLE WANT TO RETIRE EARLY (IT ISN’T THAT OBVIOUS!)1) Haven’t found the right job. The number one reason why people want to retire early is because people haven’t found a job that gives them enough fulfillment to do for the rest of their lives. Nobody quits a job they like. If there was a job paying $8. I’d do that forever! Easier way out. If you are a sub- optimal performer, you tend to experience a sub- optimal lifestyle.

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It’s easier to just give up as a result. Watch Online Watch The Beautiful Truth Full Movie Online Film. Let’s say you are a research scientist who after 1. Instead of going on with failure, you decide to give up and get out of the game. Early retirement is like the cowards way of not having to be the best any more. Watch Message In A Bottle Online Hollywoodtake. Some even liken it to suicide.

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People are lazy and want things now. Society has shifted our ideals from hard work and thinking long term to instant gratification. Nobody has the patience to work for decades before being eligible for a pension.

We all think we know more than we do and deserve to be the rich boss now. When we don’t get our way, we quit, rather than letting people know we couldn’t reach our potential. A feeling of hopelessness. During the downturn a tremendous number of people began writing about location independent lifestyles that allow one to break free from the 9- 5 and “really doing what you want.” In actuality, we all know that what they really wanted was to have a good job and be accepted by society. It’s because of the downturn of 2. If they did, perhaps they’d think differently.

In an economy where everybody is losing money left and right, what’s the point of working some think. Well, the economy has roared back with a vengeance and if you aren’t working, you are falling farther and farther behind. Realization that time is precious. With the median lifespan hovering around 8. People in this camp have a heightened awareness of time and therefore do everything possible to make sure they are financially stable sooner, rather than later. I’m a strong believer in this thought process, but at the same time, I don’t want to cut short my potential.

The worst is running out of money and being too old to do anything about it. Watch The Punk Singer Online Forbes. THE DANGERS OF EARLY RETIREMENT1) Oops, you change your mind.

Imagine retiring at 3. You spend the next 3 years traveling the world, living a leisure lifestyle and experiencing new things. At age 4. 0, you realize the reason why travel and play is so fun is because of work! You have the urge to get back into the game, but who’s going to risk hiring a 4. The employer will suspect you are rusty, and that you may just bolt after a year. As a result, the employer simply chooses to hire someone with no gap in their employment, or someone else from another firm. You run out of money.

No matter how conservative we are in our retirement money needs, something unforeseen may happen. Maybe you have a medical disaster, or your house blows down. Maybe your investments tank due to a massive economic downturn. Who knows what the future holds. But if you partake in “normal” early retirement, without the mega- millions windfall, you may find yourself needing more one day. Again, a large employment gap is perceived as riskier by the employer and you may be un- hireable. Here’s a savings guideline by age you should consider.

You lose touch with friends and family. It’s nice to have all the time in the world to do whatever you want. But, if your friends and loved ones are busy working all day, they can’t join you on your midday hike or adventure to Bora Bora. They may also have a family to tend to during the evenings and on weekends. If you’ve ever taken a staycation by yourself, you’ll soon realize how lonely it is when others are busy leading their own lives. You may find it difficult to start your own family. Unless you have a tremendous amount of money, raising a child may be too expensive an endeavor to undertake as early retirees.

If you never wanted to start a family, chances are you haven’t been saving for a family. Let’s say you’re a woman who turns 3.

It may be tough to even get pregnant, let alone support a new born without the right support network. You lose your own self- respect, and the respect of others. Unless you’re out there saving the world,  you might start getting depressed you are contributing very little to society. Others will stop respecting you because you aren’t doing anything productive either. Traveling the world and writing about how great your life is a very unproductive endeavor. You better be learning a new language and volunteering in the local community, or else you’re just a travel bum.

A great many rich early retiree friends from the Dotcom bubble have mentioned they wish they didn’t get rich so quickly.  Instead, they wish they worked a little harder for their money. CAREFUL WHO YOU LISTEN TOEarly retirees will croon about how great their lifestyles are. I’m sure, in some ways they are spot on. But notice how they seldom write about the hardships they face. They can’t, because it’s important they continue highlighting how awesome everything is, to justify their decision to no longer work. Can you imagine spending 1.

Some would surely say that’s a waste, would they not? The worst that could happen is some aspiring scientist, musician, lawyer, or teacher decides to give up their careers because they believe traveling around the world on a shoe- string budget is so glamorous. Years later, they realize their fingers don’t remember the notes anymore and the chemical formulas are one big haze. Maybe they would have made it as a concert pianist, or helped discover the cure for seasonal allergies, ACHOO! What a shame they never reach their full potential.

EARLY RETIREMENT IS SELFISHAs I strive to fulfill my goal of retiring by 4. I’ve come to the realization there’s an unhealthy focus on self. What do I need to amass to be comfortable?” should be replaced with “How much do I need to be comfortable while helping others?”It’s absolutely selfish for me to even consider working less than the number of years I went to school. I think back upon my childhood years and how much effort my parents put into raising me. My mother would spend hours a week sitting down with me after dinner to explain mathematical equations My father would read all my essays and fix all the punctuations and grammatical mistakes. I would feel like a disgrace not to at least try and do great things.

Further, what about the millions of Americans who don’t pay taxes, who depend on us to continue working to pay taxes in order to help them live? Social Security and Medicare need to be funded. Roads and utility poles need to be maintained. I’ve paid over $1.