Something has really been bothering me.
I have heard many young adults say something along the lines of, “Retirement sounds so boring. I love my work. I don’t ever want to retire. I will work to the day I die. I have no need to save for retirement.”
I don’t know where this idea first came from. My guess is some clever marketers wanting you to spend your money now. But there are some major flaws in this line of thinking.
# 1 – It’s Lazy
Since when did saving for retirement, mean giving up a fulfilling life today? If reducing your expenses by 10% and putting that money away in savings reduces the quality of your life, you have bigger problems.
To me, the idea that you’re never going to retire is really just being lazy. An excuse to go another month without some critical thinking about your finances.
# 2 – Your Brain and Body Begin to Fail
I’m not an expert in the aging process, but here’s what I have noticed from watching reality unfold. Once you get older, the ability for your brain and body to function decrease.
How many people do you know that are still working in their 80’s or 90’s? Even those that loved their careers, still have a hard enough time having the energy to create.
# 3 – What Happens when you Priorities Change?
When I was younger, my goal was to play in the N.B.A.
Now that I’m in my 20’s, my priorities have changed (along with the fact that I can’t jump) to building a business. I have the energy and don’t mind working twelve hour days.
I imagine once I get older, my priorities will change again. Maybe instead of building a business, I will be interested in traveling the world or donating my time.
I don’t know what I want my life to be like in 40 years. I do know that a lot will change over that time span. If I don’t save now, I restrict my later years to working, even if that’s not what I necessarily want to do.
End of rant…
If you disagree, let me know in the comments.