If Monday’s post didn’t spur you to start early, this one sure should!
First, here is something that will upset you if you are already 55 and figure that you need another 10 years to retirement:
Well, let’s see if we make the same comparison, starting with a much earlier retirement age:
If you used to think that a lifetime of work was good for you, think again – this chart [AJC: the blue line is the important one] shows:
The longer you work, the shorter you live!
From another article:
Generally, it is found that people retiring early live more, but how long do they live? Or what is the average number of years they live after retirement? Well, now 49-50 is usually not considered to be a retirement age in most countries. However, if a person plans everything well and retires at the age of 50, he is expected to live for at least another 35-36 years, which increases the life span to almost 85-86 years! People retiring in their early 50s, normally live up to their late 70s or early 80s and people retiring at their early 60s, live till their early or mid 70s.
We had a pretty important reason to aim to Get Rich(er) Quick(er) i.e. so that we could have the time and money to finally live our Life’s Purpose …
…. but, if you don’t have a clearly defined purpose, then let me give you just one real clear, real simple reason to get Rich(er) Quick(er):
If you retire before 50, you will live 20 years longer than if you wait for normal retirement age.
No longer is the idea that “business/investing is too stressful … I’ll just wait it out in my nice stress-free post office job” valid …
…. I don’t care whether you intend to retire with $1 million or $10 million, as long as you reach your Number much sooner than you otherwise would.
By reaching my Number at age 49, I not only gave myself the gift of finally having the means to truly live my Life’s Purpose, but I also gave myself the gift of 20 years extra in which to live it …
… this, too, is my gift to you.
Don’t waste it!