Why do they still work?

Discussion in 'Investor Psychology & Mindset' started by Terry_w, 10th May, 2017.

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  1. Jaggannath

    Jaggannath Well-Known Member

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    Gets one a better quality misery though
     
    Jaggannath, 11th May, 2017
    #21
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  2. Bonz

    Bonz Well-Known Member

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    Doing something you love is not working. So if you love your work why retire? If your doing something you hate and continue doing it, you may need assistance, not retirement.
     
    Bonz, 11th May, 2017
    #22
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  3. dabbler

    dabbler Well-Known Member

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    We used to call it having your head read :)
     
    dabbler, 11th May, 2017
    #23
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  4. Dean Collins

    Dean Collins Well-Known Member

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    Or Terry....they are smart. I think people are going to be very surprised how long they live, if you are in your 50's today when you were born......no heart transplants/valve bypass etc, the pace of medical development CANNOT be understated.

    If you are 50 today.....you are most likely going to make it to 90 (possibly 100......with a slight chance of much much much longer).

    So if you are 50 and have a few million in the bank......giddyup as its not enough and retirement will catch you before you think it will.
     
    Dean Collins, 11th May, 2017
    #24
  5. kierank

    kierank Well-Known Member

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    Don't you wish your parents took this advice? :) :)
     
    kierank, 11th May, 2017
    #25
  6. virgo

    virgo Well-Known Member

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    What lame reasons! Let's call a spade a spade shall we?:p

    Most people continue to work because they love money...they love to see their bank balances go up:rolleyes:

    All your reasons above about people working because they still love their work...boredom...self actualization blah blah blah...

    The real acid test is this....if they are NOT PAID , will they still continue to WORK?

    Footnote: a lot of these people who continue to want to amass riches ..dig deeper and somewhere in their childhood, psyche , background ...there is a story of poverty/deprivation...
     
    virgo, 11th May, 2017
    #26
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  7. Marg4000

    Marg4000 Well-Known Member

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    One of my greatest joys as a parent has been seeing my kids grow up, go to uni, go on to worthwhile careers and establish their own homes and families.

    And each stand on their own two feet.

    We have enough to see us out in comfort, and they will get anything left over. It will probably be a nice little boost for them, but luckily for us they really don't need it.
    Marg
     
    Marg4000, 11th May, 2017
    #27
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  8. Nodrog

    Nodrog Well-Known Member

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    It's one thing to love your work and / or keep accumulating more and more wealth but unfortunately in many cases it's at the expense of health, family and friends.

    Time passes by all too quickly so make choices now and in the future so that when the day comes to depart this life you have no regrets.
     
    Nodrog, 11th May, 2017
    #28
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  9. MoneyMan

    MoneyMan Well-Known Member

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    What makes you still work Terry?


     
    MoneyMan, 11th May, 2017
    #29
  10. kierank

    kierank Well-Known Member

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    That's me. Since I retired nearly 6 years ago, I have offered many part-time and full-time jobs.

    The only ones I have accepted are the ones where I don't get paid.

    My next gig of 4 hours is next Monday and I will paid zip.

    I love my work.
     
    kierank, 11th May, 2017
    #30
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  11. virgo

    virgo Well-Known Member

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    Curious what do you do Kierank?

    For me, i run free classes for mainly Migrant kids....literacy, story telling classes:D
     
    virgo, 11th May, 2017
    #31
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  12. The Y-man

    The Y-man Moderator Staff Member

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    I know people that just love to complain and whinge - they get positive enjoyment from it! If they didn't work, they won't have anyone to share their complaints with.

    Other complain for legit reasons - where they see things in the business where they work where things truly could be improved.

    The Y-man
     
    The Y-man, 11th May, 2017
    #32
  13. strongy1986

    strongy1986 Well-Known Member

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    You missed the biggest expense
    Maintenance and upkeep
    Two story house, salt in the air
    Scaffolds, safety barriers, tradies over charging due to location
    People with these houses need very deep pockets.
     
    strongy1986, 11th May, 2017
    #33
  14. Xenia

    Xenia Well-Known Member

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    People are happiest when they are creating and growing.

    Buying real estate TO retire is fear based..
     
    Xenia, 11th May, 2017
    #34
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  15. virgo

    virgo Well-Known Member

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    BUT i already do that with having kids!!!:p (sorry..i just couldn't resist this reply! ) ...
     
    virgo, 11th May, 2017
    #35
  16. Xenia

    Xenia Well-Known Member

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    Growing and creating you mean?

    I agree lol :)
     
    Xenia, 11th May, 2017
    #36
  17. Jack Chen

    Jack Chen Well-Known Member

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    So true. Wish someone told me this in my younger days.
     
    Jack Chen, 11th May, 2017
    #37
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  18. Bayview

    Bayview Well-Known Member

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    I can understand people working well after the ability to retire because they love their job/work - I know several people who are like that - but to be doing it when you hate the job??? o_O
     
    Bayview, 11th May, 2017
    #38
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  19. bamp

    bamp Well-Known Member

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    Or they love what they do - think of all the famous sportspeople and musicians for example - why do you think Mick Jagger would rather be attending a concert or giving one?

    I work at an investment bank in the US - financials were released a few months back and in the disclosures most of the execs have a few mill in shares, with each share worth $50+ - they could leave at any time - but what would they do? The cut throat corporate atmosphere is a lot different to lying on a beach in the Carribean with a drink in your hand... :)
     
    bamp, 11th May, 2017
    #39
  20. Xenia

    Xenia Well-Known Member

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    Your younger days are now my friend ;)
     
    Xenia, 11th May, 2017
    #40
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