Financial Independence vs Early Retirement

There is this new phenomenon — it’s more of a new trend– arising lately that says that you should thrive to retire early.

I find that to be a weird concept.

I mean, I believe that one should seek financial independence in order not to be at the mercy of the amount of money one has in its bank account at a particular time. But first, let’s see how financial independence is commonly defined.

According to Wikipedia :

Financial independence is the state of having sufficient personal wealth to live, without having to work actively for basic necessities. For financially independent people, their assets generate income and/or cash flow from dipping into the assets that is at least as great as their expenses.

To me, financial independence is what really sets you free and that is what I want to achieve.

However, it is the idea of retirement that I don’t agree with.

Generally, if you have a 9 to 5, you’re looking forward to retiring. But, if you’re your own boss, retirement is different. Personally I feel like when someone says that they want to retire at let’s say 30 it means that after that point, life is a perpetual vacation — correct me if I’m wrong.

Vacation are fine — awesome really — but once your life is a vacation, you don’t enjoy it as much as when it’s a reward for hard work.

The great thing when you’re financially independent is that you can take these rewarding vacations any time without having to think about the amount of money you have in your bank account or if you can ask your boss for a paid leave.

Vacation are invigorating and are a fabulous way to reset your mind when your work starts taking over your life. However, they need to end at some point in order for you to get back to achieving your goals.

Working is part of human nature. Whether it is paid or not, every human-being needs to work — produce something, have some type of activities — in order to stay sane.

So financial independence, YES. Early retirement, I’m not so sure..

I hope you’ve liked this post. Don’t hesitate to comment below if you have anything to say :).

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