Retire or die in the job?
Rupert Murdoch just retired at age 92, WOW that's a long stint in the office. Which, makes me think, is there a 'right' time to stop working and enjoy the good life?
Some say if you love your job you will never work a day in your life. It's a nice sentiment but is it really the truth, especially in today's lifestyle-obsessed world.
Most people don't love their job and even if they do enjoy it at times, there are still parts that annoy them or get old over time. Which makes one think of retirement.
Having grown up in the GenX era, I was fed a diet or school, uni, job, retire at 65 with your house paid off, some super and a holiday house. It was possible back in the day, but highly unrealistic for most kids now.
My kids don't even want a traditional 'job'. They are seeking lifestyle employment that provides above-average income, great opportunities to grow and learn, not much boredom and fulfilment to boot! One AFL career/ influencer/charity spokesperson/celebrity role coming right up Sir Ford Jnr.
In my consulting business, I help corporate escapees find more fulfilment with work in a new career. It could be something completely different to their normal working life or a portfolio career blending a few interesting things together like consulting, speaking or board roles.
The one consistent thing I find with people is that they don't want to completely retire and stop suddenly. Rather they would like to wind down and have freedom of time. The ability to choose when they work and not work. Self-determination is another way to position it.
So is there a right time to retire? I believe there is a good time to retire from working for others and it's at that moment when you dread going to work. When the juice isn't worth the squeeze anymore.
If you persist past that point, it will start to show in your performance, your attitude in your downtime and your physiology. When you push yourself to do things you don't want to do and are against your core values, it's detrimental to your health and well-being. So don't.
Instead, think about what lights you up and how you can help others. It's generally the same thing. Then discover how you can make it into an income-generating relationship where you can choose what you do, when you do it and who you do it with.
That's freedom and it's even better than retirement as you still get to earn a bit, think a bit and contribute to society too. WIN!
https://www.nytimes.com/2023/09/21/business/media/rupert-murdoch-fox-retire.html