A best-selling author who popularized the idea of financial independence 20 years ago says the purpose of retiring early is not to focus on yourself
People usually retire early in hopes of living a better life than the one they had while working.
However, early retirees shouldn’t be focusing on themselves during early retirement, according to best-selling author Vicki Robin — they should focus on servicing the greater good.
Research shows that altruistic behavior can help heighten health, wellness, and personal growth.
However different the reasons behind retiring early, they often unravel from the same thread — early retirement benefits the early retiree.
For many, it’s about making more time to pursue a passion or finding the peace of mind that comes from financial security. At the end of the day, most early retirees are in pursuit of a personal sense of freedom that isn’t available to them in the corporate world.
But that freedom shouldn’t be used to serve yourself, says Vicki Robin, the co-author of the best-seller “Your Money or Your Life,” which has inspired young Americans to join the Financial Independence Retire Early (FIRE) movement since it was first published 20 years ago.
In the Wall Street Journal’s podcast “Secrets of Wealthy Women,” Robin said early retirees should use their position and independence to focus on helping others.
“The idea of financial independence is great, but if you don’t use your freedom in service to something higher than just yourself, then what are we doing other than taking a lot of smart people out of the common project called our society?” Robin said.
She added: “I hope that people who pull the trigger, as they say in the FIRE movement, who graduate from the W-2, help these people turn their attention and their incredible intellectual power — the commitment that got them financial independence — I’d love to …read more
Source:: Business Insider