Multi mini retirements spread across your career might be better than saving up for a big retirement at the end

  • Book - The 4 Hour Work WeekBook - The 4 Hour Work Week

    Metadata:

    author: Timothy Ferriss
    title: The 4 Hour Work WEEK - Escape the 9-5, live anywhere and join the new rich.




    looks at all of the giant flaws of the traditional way of looking at retirement. Most specifically, you will be bored after working for so long, you will be too old to do all the things you want to do and you will have a skewed idea of what you want to do in the first place.
  • Tim Ferris proposes an alternate model of doing "Mini retirements". Those are (half-)year-long breaks during your career where you do something completely different (travel to a different country, pick up a new sport). These serve multiple purposes.
    • You get to enjoy life while your body still allows you to do that
    • After doing these, you will have a fairly good idea on how you want to spend your actual retirement
    • This is not mentioned in the book and should probably not be your main motivator, but regular bigger pauses should also increase your productivity in the long run.
  • When thinking about the risk of these, think about the worst case that can happen. After a while, you realize that the traditional way of retirement is already as close to the worst case as it gets. (Not taking the risk might actually be the risky option)