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Ideas For Retirement?

What's Next?

     
7:45 am on Aug 24, 2006 (gmt 0)

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Okay, we made some money, we decided it was enough and we thought that some greater pleasure awaited us?

I sail, I golf, I garden, I travel the World, I drive fast cars, I even subscribe to the "New Yankee Workshop"........

But, I'm bored.......so what is next?

Do we have to admit that making money was the most fun thing, and go back to work?

I can live a life of luxury......but, I don't think that is enough!.......So....what's next!

8:48 am on Aug 24, 2006 (gmt 0)

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Get involved in charity work. Give some of your money to me ;)
10:02 am on Aug 24, 2006 (gmt 0)

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Get involved in community work.
11:13 am on Aug 24, 2006 (gmt 0)

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Start a website on what to do in retirement ;-)
11:43 am on Aug 24, 2006 (gmt 0)

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Buy an Island off the west cost of Scotland & make it self sufficient?
3:10 pm on Aug 24, 2006 (gmt 0)

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... and build a whisky distillery on that island?

You should focus on what interests you the most - what you enjoy doing.

As you've obviously been very successfull in business, you could consider going to your local business gateway and offer to help out other companies (or start up companies) that need advice (either paid or unpaid). I'm sure that your depth of advice would be most welcome and useful.

If that's not enough of a challenge, and if you have really done well for yourself, why not start to invest in one or two small companies (or ideas) - by supporting new companies/ideas you can help them make contacts, share in any success, offer ongoing advice and create something that you like/enjoy (though there is always risk involved in this).

If you really miss normal work then just go back to doing it - perhaps doing a slightly different venture.

Oh - you could also try writing a book :)

[edited by: TravelSite at 3:12 pm (utc) on Aug. 24, 2006]

3:18 pm on Aug 24, 2006 (gmt 0)

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What about doing a world cruise?

try....
www.thisisaspampostpleasedontdeleteitcruisecruise.co.uk

4:29 pm on Aug 24, 2006 (gmt 0)

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Time for a new goal. And sounds like the end of the next goal can't be $$$. (you've been there-done that)
3:17 am on Aug 25, 2006 (gmt 0)

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Join my cult
4:28 am on Aug 25, 2006 (gmt 0)

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pre-retirement: intellectual work (I'm assuming).

post-retirement: physically stimulating pastimes with limited intellectual challenges.

Sounds like you're filling up your time well. And you've probably got enough physical stimulation.

But I'm betting your brain is bored.

Ya know, work is only work when it's something you HAVE to do. When you don't have to do it but WANT to do it, it's called a hobby.

Pick the aspects of work that you most enjoyed and focus on them. Who knows.. now that you've got financial freedom you can maybe take some risks with it and have fun that you never could when it was "work".

4:38 am on Aug 25, 2006 (gmt 0)

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Use your business skills in a volunteer capacity and help others less fortunate.
2:40 am on Aug 26, 2006 (gmt 0)

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I have been in sort of quasi retirment for a couple of years (now 46). The online business I started 13 years ago grew to the point I could finally hire someone to replace me. Now it runs on its own without much input from me. During these two years I have occupied my time building a new house (doing most of the work myself to keep myself busy). Spend more time with my son and have taken up raising and training horses.

However, now I am getting bored with it all (except my son of course). Lately I have been working on venturing into additional product lines that our customer base uses. I have decided it is too young to retire for me now.

You have to keep yourself occupied with something to do...otherwise retirement can be more stressful than working.

So back to making more money...it's fun.

11:58 am on Aug 26, 2006 (gmt 0)

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Get your captain's license and buy a 100 foot (at least) yacht.
12:17 pm on Aug 26, 2006 (gmt 0)

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Looks like you have reached level 10* percentages - Congratulations!

*Search for (in quotes) <snip> lol

[edited by: lawman at 1:19 pm (utc) on Aug. 26, 2006]

3:08 am on Aug 27, 2006 (gmt 0)

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A lot of community work can be very frustrating to goal-oriented business people. The focus too often seems to make people feel good instead of be good or do good.

Think about the word "coaching" in very broad terms. Not managing, not doing, not investing--coaching. You can coach a business, a group, a youth or a sports team.

First thing is to think about what you would be good at coaching. Name two.

Got that? Good.

Now, start reading up on effective coaching. If you're going to coach a sports team, read up on business coaches. Sports, read up on marriage coaches. Get the broad thinking on coaching. Then, do some research on the coaching you're most interested in, if it is available. Then put all of that aside and do it your way--the research was to help you, not help who you are to coach.

I've been coaching the young leaders of a civic association that I formed 20 years ago. How to raise money. How to form a board. How to focus committees. How to communicate. What to communicate. How to build an organization. But, I'm not doing it--I'm guiding them and it's a lot more effective. BE CAREFUL: Do not let coaching evolve into doing or managing.

Coaching. Look into it.

6:41 am on Aug 27, 2006 (gmt 0)

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I would be glad to help by adopting your excess money so you can go back to enjoying the challenges of working life.

Freq---

12:20 pm on Aug 27, 2006 (gmt 0)

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I think you should use your skills to help a local organization - historical society, school, charity. That way you can still challenge your mind and not be working.

You could go back to work, too. Me personally, if I were you, I would get into a new field, just because you can. What would/was your dream job? Maybe one you never did because it didn't pay enough or because the roads never went that way? Now is your chance to do it.

2:48 pm on Aug 27, 2006 (gmt 0)

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Go into politics and tax yourself.
2:56 pm on Aug 27, 2006 (gmt 0)

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Seams as if you love makign money on the web. Go back to doing that, just don't call it work :)

Mack.

ann

11:15 am on Aug 29, 2006 (gmt 0)

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Been retired for a few years and web work is my hobby as well as making money. :)

Anything with the computer is fun and fills a lot of hours which would otherwise be filled by mindlessly veging in front of the tv....besides, nothing worth watching is ever on anyway.

Ann

2:25 pm on Sept 6, 2006 (gmt 0)

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I thought most of us (fulltime webmasters working from a spare bedroom) are already living a semi-retired life :)