37 minutes | Jul 27th 2020

Early Retirement Is a Broken Concept

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Have you planned your retirement?In this episode of Startup Therapy, Ryan Rutan and Wil Schroter discuss why retirement goals should start now, how early testing changes your plans, and what objectives to set immediately.   Tune in for more retirement opportunities in your Startup game. Sign up for the Startups Newsletterhttps://www.startups.com/newsletterWhat To Listen For: [00:01:06] Retirement is this day and age isn't what it used to be.   [00:03:00] This concept of retirement. The work many of us do just doesn't have the same kind of drudgery that it used that retirement is the safety net from pain.  [00:05:00] It's about spending some more time doing things that you are already doing.  [00:07:56] Our startups should be helping us to get to our goals without necessarily having to sell.  [00:09:11] Deferred living: You can work on a startup for decades and not have it sell, and if you didn't design it towards that every day enjoyment. [00:11:00] Retirement should be the things that you want to do. And the question is, how much of it can I do right now?  [00:12:50] Ease into it, figure out that one thing you want to do.  [00:18:30] It's like popping a bubble. If you just pop the bubble on whatever that dream is and it's still interesting, okay there's something there worth stressing for.    [00:22:05] With retirement, we would have endless choices of what to. But can you spend 16 hours a day with something that isn't a job.  [00:25:00] For any major life event transition, you should be testing, you should be preparing yourself. [00:26:20] Retirement should be something that you're constantly chipping away at, by creating more opportunities to spend the time the way you want it. [00:28:00] If we look at retirement as a gateway, we can't retire. The ability to play tests is there, there's no reason you can't be doing these things. [00:30:18] I don't think there are a lot of hobbies that activate us the way our jobs do. [00:32:34] Do you really think that top performing professional athletes were still playing because they need the money? It wasn't retirement because they achieved financial success, they had satisfied themselves. [00:34:14] There's a huge difference between wanting to retire and wanting to not do something you're already doing.  [00:34:55] The ultimate goal of retirement is that nothing changes, because all along we deliberately planned to get more and more time to do things we want to do. [00:37:00] Instead of waiting for this amazing moment that can change it all, change a number of things year end, year out, eventually the things you want to do during retirement are already in place. 
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