Mini Retirements — Destructive idea to enjoy life or a madness?
It has been so long for me to write anything as life has been so hard on me in these days. So much ups and so many downs, anyways, this is how life is and this is how we learn and grow. Good point is that in this absence I read lot of books (mostly personal development) and found a quite interesting topic to discuss.
Recently I read a book 4-hour work week by Timothy Ferris, which has already created lot of destruction in my mind for so many things and I have already started implementing them in my life, but one thing is still open and needs more discussion. Let’s jumps on it.
Here, Timothy suggests to go for short term retirements instead of longer one so you can enjoy the retirement in actual. Not clear, right? Me too and that is why point is still open.
What I get it from the Mini Retirements is that we usually plan for longer retirements where our age will be 50+ and kids will be young and eager to start their life independently. In that time frame of life, we might not be able to enjoy the perks from retirements. Instead, if we plan to take retirements after each 5 years’ slot of life it will definitely serve the good time frame to enjoy the retirement in actual.
This is doable and to know how, you have to read the book. It is my guarantee that your life will get a great change.
Just to highlight my confusion on mini retirement, following is the brief script from original book. Please read it and share your feedback in comments.
An American businessman took a vacation to a small coastal Mexican village on doctors’ orders. Unable to sleep after an urgent phone call from the office the first morning, he walked out to pier to clear his head. A small boat with just one fisherman had docked, and inside the boat were several large yellow fin tunas. The American complimented the Mexican on the quality of his fish.
“How long did it take you to catch them?” the American asked.
“Only a little while,” the Mexican replied in surprisingly good English.
“Why don’t you stay out longer catch more finish?” the American then asked.
“I have enough to support my family and give a few friends.” The Mexican said as he unloaded them into a basket.
“But… what do you do with the rest of your time?”
The Mexican looked up and smiled, “I sleep late, fish a little, play with my children, take siesta with my wife, Julia and stroll into the village each evening. Where I sip wine and play guitar with my amigos. I have a full and busy life, senor.”
The American laughed and stood tall. “Sir, I am a Harvard MBA and cane help you. You should spend more time fishing and with the proceeds buy a bigger boat. In no time, you could buy several boats with the increased haul. Eventually, you would have a fleet of fishing boats.”
He continued, “Instead of selling your catch to a middleman, you would sell directly to the consumers eventually opening you own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village of course and move to Mexico City then to Los Angeles and eventually, New York City, where you could run your expanding enterprise with proper management.”
The Mexican fisherman asked, “but, senor, how long will all this take?”
To which the American replied, “15–20 years. 25 tops.”
“But what then, senor?”
The American laughed and said, “That’s the best part. When the time is right, you would announce an IPO and sell your company stock to the public and become very rich. You would make millions.”
“Millions, senor? Then what?”
“Then you would retire and move to a small coastal fishing village, where you would sleep late, fish a little, play with your kids, take a siesta with your wife, and stroll to the village in the evenings where you could sip wine and play your guitar with your amigos……”
Take Care and happy learning through life!