Why you should consider MINI-RETIREMENTS (don't wait until you're 65) | Multiple Careers
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- เผยแพร่เมื่อ 25 ก.ค. 2024
- What on earth are mini-retirements? Is it for you and why would you do this instead of going for 'traditional' retirement? #multiplecareers #miniretirements #personalsuccess
In this video I’ll walk you the concept of mini-retirements, what these can do for your life and career, and why you are losing out by not doing this. I’ll also share my own experience with mini-retirements (more valuable than another university degree!) and 4 tips on how to make mini-retirements work in practice!
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00:00 What are mini-retirements?
01:17 Challenging traditional retirement
01:55 The risk of retiring only later at 60+, 70+
02:16 The MR (mini retirement) guru (not me!)
03:10 Mini-retirement core concept explained
03:22 Simplified mini-retirement examples 1,2,3
04:42 Levers for designing mini-retirements
05:02 The correct way to do mini-retirements?
05:15 Reason #1 why you would do mini-retirements
05:47 What this has to do with work-life balance
06:43 Why not just do vacations?
07:36 Why vacations don’t work
09:01 Reason #2 why you would do mini-retirements
09:45 Why you don’t know what you really want in life
10:28 Is this you?
11:10 What will change after doing a mini-retirement
Reason #3 why you would do mini-retirements
11:50 My own mini-retiremen experience
13:54 4 Tips to make mini-retirements work in practice
15:08 Check out my bloggggg!
15:29 How to make it work…
15:41 Tip #1
16:06 Tip #2
16:35 Tip #3
17:08 Tip #4
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Weekly videos to help you craft a more fulfilling and meaningful career.
Found your content very inspiring. I just turned 55 and had several people in my life pass away. I'm pass my prime health wise and the tomorrow is not guaranteed, so I'm going to redesign my life in a way that I can take time extended time break when I want. I'll do this by learning new skills that are in demand and consult, creating passive income through investments, and selling online. Fear has been my biggest obstacle, but now that I'm at the close end of my life span, I don't have much to lose. The idea of regret has surpassed my fears, so I'm making the change. Subscribing to your channel!
It sounds that you've been through a lot of pain. But it seems that you want to make the most of your life and have a plan, and that's half of the deal! Very happy for you that you're making the change you want!
Would you do a mini-retirement in the next few years? If yes, what would you do, if not, why? What are your concerns and doubts?
Im gonna do 6 months across europe in 2023!
Your videos are great!! I tell people this all the time. 4 hour work week really changed my perspective on things.
Thanks so much! Yes, it's mind-blowing isn't it - that there's another way to live life!
This sounds like a great idea 💡
It is a totally different approach :)
Thank you! I’ve been considering a sabbatical of sorts in the coming years.
That sounds awesome! Have fun planning it!
Great Video. Thank you for posting.
Thank you!
It is a fun experience to have when you are having a burnout… but don’t retire for too long, life is boring without fulfilling careers
That’s true, that’s why it needs to be well planned and have a clear goal. After that you go back refreshed!
Great advice 👍
Thanks!
Another great video :)
Thank you so much :)
Your channel is great. It’s just a matter of time before a lot of people know about it. I like your videos you make it very fun as well but maybe if you could consider changing up things like the setting, or something. That would be great as well. :)
@@tp2931hk Thank you! That sounds like a very good idea, something to work on this year for sure! :)
Thinking about retirement is a luxury for those who live paycheck to paycheck
Living paycheck to paycheck can be changed. It's not easy. But if you want mini-retirements, then the first thing to fix is stop living P2P.
Stop living P2P. Start following dave ramsay
Love from India 👌
Greetings from Toronto! :)
very topic :) question is how with that you can plan kids, children's school etc.. Do you have children's ?
That is a very good and pertinent question. As someone who does not have kids (yet), i'm sure I don't have the full scope on what is/is not possible. However, based on what I've seen and heard other people with children experience (check out Mr Money Mustache's blog on financial independence), it is very possible to do mini-retirements, even retire early, with children. It certainly requires even more planning, but in the end it all depends on priorities chosen and what you sacrifice for that. E.g., a simpler lifestyle further away from the city, but more time, and so on.
Did you originally plan for your mini-retirement to be over 2 years? Or did you just keep extending the time?
It wasn't planned at that time. It was only much later after I learned about the concept of a mini-retirement that I consciously started scheduling it :)
How can people do this without losing a job, if you are not self employed?
There are several ways. One of them is taking a sabbatical (if the employer is open to it). Or, going on a mini-retirement in between jobs (after leaving one job and before the start of a new one). It's not easy, but I believe it's worth the hassle.
Got your point, thanks for your answer 🙂
Have you done this? What experience are you speaking from? How are all these mini retirements supposed to be funded! Who are you talking to?
Yes I have done this. It’s not east but doable. The key is to save money, also geo-arbitraging helps
Typical irresponsible millennial idea!! Try finding employment and telling them I’m going on retirement every 6 months.
That's not how it works. Of course no employers would let you go on a mini-retirement every 6 months.