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What Is Your Definition Of Retirement?

Re-reading “The Almanack” by Naval Ravikant – this passage always makes me think.

 

What is your definition of retirement?

Retirement is when you stop sacrificing today for an imaginary tomorrow. When it is complete, in and of itself, you’re retired.

 

How do you get there?

Well, one way is to have so much money saved that your passive income (without you lifting a finger) covers your burn rate.

A second is you just drive your burn rate down to zero — you become a  monk

A third is you’re doing something you love. You enjoy it so much, it’s not about the money. So there are multiple ways to retirement.

 

*NOT FINANCIAL ADVICE

 

 

 

 

The Almanack by Naval Ravikant explaining his definition of retirement

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