Here are 5 downsides of early retirement that no one tells you

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#1
I retired at 34 with $3 million—here are 5 downsides of early retirement that no one tells you

Sam Dogen, Contributor @FINANCIALSAMURA
Published Mon, Jun 24 2019  11:24 AM EDT Updated Mon, Jun 24 2019  5:50 PM EDT

Many people have negative views on young retirees: They’re spoiled. They’re lazy. Their parents helped them. They won the lottery. But none of these things apply to me.

I grew up in a middle-income household. I worked hard to earn good grades and pay for college. I was the first one in the office and the last to leave. Sure, I got lucky by landing a high-paying investment banking job and in some of my investments, but I live a frugal life and have always been diligent about staying on top of my finances

All of that played a huge role in my early retirement in 2012, at 34. By the time I quit my job, I had amassed a net worth of about $3 million that generated roughly $80,000 in investment income per year.

I don’t regret my decision

I won’t lie: Early retirement has been a dream come true. I gave up a healthy six-figure paycheck, but I gained something priceless in return: Freedom.

People told me I was crazy to leave a high-paying job at such a young age, but I was absolutely burned out and felt disillusioned by my industry of work. I never anticipated how miserable I’d be working in finance, especially after the financial crisis.

Early retirement isn’t for everyone. But from my experience, the pros outweigh the cons. I get to wake up whenever I want. I no longer have to endure unproductive meetings or put up with nefarious colleagues. I’ve traveled to more than 20 countries with my wife, wrote a book on how to negotiate a severance and get to coach high school tennis.

I also became a dad in 2017. Being a parent has been the toughest full-time job I’ve ever had; it makes working in investment banking for 13 years feel like a walk in the park.

The downsides of early retirement

I will admit that there are a few downsides. (I finally understand why researchers say that, no matter how much of a boost we get in freedom or money, we eventually revert back to our normal baseline of happiness.)

In a 2017 CompHealth survey, 68% of the 400 late-career physicians surveyed said they were not excited about retirement. Some of the top concerns included losing social interactions at work, a loss of purpose, boredom and depression.

That said, here are the biggest negatives of early retirement that no one likes to talk about:

1) You may suffer from an identity crisis.
2) You may second-guess yourself.
3) People may treat you like a misfit.
4) You’ll be surprised that you aren’t that much happier.
5) You may get really, really bored.

More details in https://www.cnbc.com/2019/06/24/i-retire...s-you.html
Specuvestor: Asset - Business - Structure.
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#2
Things will be better if he has 30 millions!! 🤣
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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#3
He does not need $30 Mil. His portfolio is worth $3 Mil and he is getting $80,000 per year income.

Of course its for him OK to retire early because $80,000 annual income comes without going to work in a 9-5 boring job.
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