how to retire at 40

7 Jul

london 3.30am 23C friday 2017

felt sleepy at 10pm last night and went to sleep and woke up about 2am. so just reading my reader feed, and the online news website and saw this article by the daily mail, talking of a tv program that will show on monday channel 4, july 10th at 8.30pm. how to retire at 40.  

firstly is it desireable to retire so early? i think i might get bored if i do. i retired at 50. which is right for me, as work became rather too much for me after that time. the time to retire is when u dont enjoy your work anymore and you cannot find any other work that  you feel passionate about to start again. that is the time to retire. 

 i think 40s is a peak period, a man is at the top of his game and i think workwise he is at peak efficiency. so i dont think anyone should retire at 40 when it is the most productive work life he can have.

the couple featured stopped work at 40, and went travelling in a campervan now. i would expect them to have seen the world a bit before settling for a campervan life here in uk.  but i think they will be bored, after the initial excitement of travelling. they got rental income of £20000 a year. which is enough to finance their travelling life. when they hve seen the world i think they will find they will want to do something else with their life. i note they dont have children… i would think this period may be a sabbatical, not a retirement.

i have seen people start retirement early. they start a blog about it and then u can see gradually their views change. initial excitement and praise for their changed lifestyle, usually involve travelling and living in another country. then finding fault with it, and being disastisfied about it and maybe come to disliking the country and so move to another country and again, going through the cycle of great enthusiasm for the new country which morphs gradually to finding fault with it… and then moving on again… 


12 Responses to “how to retire at 40”

  1. Garfield Hug Friday July 7, 2017 at 8:15 am #

    For Singaporeans…our question is how to even retire as our lifestyle is getting challenging to sustain in lil red dot. Sigh!

    • alifesgayventure Friday July 7, 2017 at 8:30 am #

      singapore rents are high, so it is possible to get a passive income by letting out spare rooms . is bnb in singapore? how willing are singaporeans to let out rooms? i remember i was renting a room (me and a fellow student) in a hdb flat near outram park when i was a student there in the early 70s.

      • Garfield Hug Friday July 7, 2017 at 8:39 am #

        Yes, rents are high but to buy a property is even higher. To be able to afford a property is a challenge. Yes we have airbnb. But it is worrying as we never know what one gets as a “roomie”

      • alifesgayventure Friday July 7, 2017 at 8:45 am #

        oh, i was thinking those who allready got hdb flats and have spare rooms. are people in hdb flats who owns it allowed to rent out spare rooms or not? what about short term lets, are they allowed? bnb here is creating problems with short stayers, who make a lot of noise because they party. with me here, they always mistake my bell for the flat above me, and ring my bell by mistake.
        but also, i think people in asia want to work and make money. it is unthinkable to retire at 40.

      • Garfield Hug Friday July 7, 2017 at 8:48 am #

        Yes, That would be the case for airbnb. Subletting of rooms must be approved by HDB. Owners sometimes abuse the system by letting out the entire flat to foreign workers who pack the unit to as many as 8 to a room. Scary!

      • alifesgayventure Friday July 7, 2017 at 8:54 am #

        do singaporeans or for that matter malaysians really want to retire at 40? i dont think so. we retire when no one wants to hire us anymore. or if we are civil servants at retirement age and where the pension is very good with full medical included too. (at least that is so in malaysia for my father).

      • Garfield Hug Friday July 7, 2017 at 8:58 am #

        Lucky Malaysians! In Singapore these days people aged 45 and above are discriminated from hiring managers. No pension. CPF as in mantaroy deductions. But many use this to finance home purchase. That is why when old, we have property but no money to subsist on.

      • alifesgayventure Friday July 7, 2017 at 9:04 am #

        what! even in govt service there is no pension? i bet the MPs have a pension. and surely doctors dentists, lawyes accountants etc etc in the professions can still find they are employable. i think being a doctor is a good profession, u can work on till very old. unless u are a surgeon. anyone in the health professions is in demand really. or banking. like that guy who is in charge of clearing cheques for banks. oh, wait… he told me they are bringing in automated checks now, so maybe even he is at risk.

      • Garfield Hug Friday July 7, 2017 at 9:09 am #

        Pension was removed a long time ago….in the 70s I think for government sector. Automation replaces humans. Dentists in demand now as aging population
        World is changing so is my lil red dot.

      • alifesgayventure Friday July 7, 2017 at 9:12 am #

        i think there will always be a shortfall of dentist. we old dentist just cannot carry on when we age. the work is too demanding though i know old dentists move on to do dentures only. nowadays with implants and bridges few bother with the removable dentures anymore. even my friend have implants done to hold his full denture. he likes it a lot as it is so firmly in place it never falls out.

      • Garfield Hug Friday July 7, 2017 at 9:38 am #

        Yes. My dentist shared that he has arthritis from the positioning of how much he uses his hands. He is only in his late 40s.

      • alifesgayventure Friday July 7, 2017 at 1:05 pm #

        yes, i know that well, grasping the drill, in a pen grip can cause pain but fortunately it has not affected me badly. dentists i think have a shorter working life than doctors. or rather it is a young man’s job.

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