And most of them do this till 62, especially those who
(1) earn too little
(2) do not save much.
The fortunate few have excess cash (aka savings), some having used money to earn more money.
I have a friend who buys an insurance policy every few years, and is now getting a lump sum every few years.
His kids have grown up, and he goes to China every year.
He can way afford to retire now, even though at 50+, his current pay is lower compared to mine.
He's a role model for me. ^_^
Can I retire by 50+?
What about you?
Adam Khoo's definition of being rich is defined as how long one can maintain his current lifestyle without working.
Now, if you lose your job today, how long can you survive?
Being rich gives you more options.
Of course, you can continue to work to spend time and keep your mind senile.
Or you can buy time with money!
When we work, we exchange time for money.
When we retire, we exchange money back for time.
When you take the taxi home instead of bus, You reach home a little earlier.
That's you buying your time.
I hope to open SoC one day, and start employing people.
That's me buying their time.
To be precise, me using my money to buy their time, so that I get more time and money.
Who says time can't be bought?
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