July 23, 2021

11 thoughts on “Post Financial Independence, What to Do? – Real Life Examples!

  1. Rolf,

    We like to look at far away places and use hypothetical examples when all we have to do is look around us 😉

    I still remember the scintillating talks with founders of companies during my supplier visits:

    1) Why some of them are still doing what they do in their 70s… Their children have taken over the reins but they are like lao lee, still entertaining business visitors and asking lots of questions on world trends 😉

    2) Why some of them have sold the business they've built up to listed entities while they remain as management. Makes me think twice about buy and hold… Interesting hor?

    I guess we were the lucky ones.

    Not everyone have direct access to top shepherds and land owners. Or have the gumption to ask them out to dinners 😉

    1. Hi SMOL,

      You are right! Easier relating to real life examples near me. These examples are so vivid than those from books!

      Like what you mentioned about oldies still at the helm of it, I also know many of these veterans who sold their business for big fortunes! 1-2 years later, "backsides" start to feel itchy and began another business again in the same industry! Yes many of them re-started after 70 years of age!

      To be fair, I concur that we were the lucky ones to be exposed to top shepherds and land owners and have the exposures!

      Nonetheless, the biggest problem is not lacking exposures/experiences of this world. I felt that by reading widely, be open and think profusely profound, you can still receive good exposures and experiences! Equally powerful!!!

      The biggest problem in my opinion is the lack of exposures/experiences, yet refusal to accept, and then start building enclosures to encapsulate their our own thinking!

  2. One word after FI: Option.

    Before FI, we work for a living.

    That why we need to reach FI asap to exercise this option. No?

    1. Hi CW,

      I totally agree!

      Accelerating earnings to exercise this option ASAP is very important! Or even to hang the option by bedside makes us feels good!

      But depends on age and the nature of work (must not be stagnant or repetitive), sometimes work do provides exposures and experiences for us to have more wisdom in exercising the option when time is riped!

      For a 35 year old average employee with average exposures in life, I think they might not be all ready to exercise this option!

      Also it is better to know early what "lies beneath this option" correctly before FI, than to know it when you are reaching there!

      Agree?

  3. Good sharing!

    It's interesting to see pple like that, and it's something that my job will not allow me to see 🙂 But I do have a few friends who had reached FI around 40-50s. All of them are doing volunteer work and some are tutors. Those who are tutors teach very few students per week (something like 2-3) and leave the rest of the time to travel and volunteer. I think my life post retirement will be something like that, though I'm quite sure I'll take in more students haha!

    1. Hi LP,

      I do not mind having a post retirement life as a part time tutor, travel and volunteer. That is pretty ideal for me as well, since I love all 3 activities.

  4. Hi Rolf

    The much needed call option after FI 😉

    Like your summary:

    – Know Your True Self (before FI)
    – Find Your True Love (before FI)
    – Devote To Your True Love (after FI)

    1. Hi B,

      Thanks for the compliments.

      Looking at your blog and analysing skills, it keeps me wonder that you somehow already know your true love and what you want to do. Isn't it pretty obvious!

      Perhaps somehow your recent post FI time-table is not really a true reflection of your true post FI schedules later in your life!

  5. I firmly believe it's easier for people to obtain FI if they're able to generate money with things they like to do.
    Once your hobby turns into work it's less difficult to see opportunities and make a living out of it.

    That's why allot of people who already obtained FI still keep on working and doing the things they like.

    1. Hi Jesse,

      Your comments is absolutely true. I totally agree. But sometimes it's an irony, if it is so simple why are majority of the population not adhering to this simple principle. Why are most people in this world not use their hobby to earn a living?

      Maybe it's not so easy to find a hobby that generates income! Or maybe it is not so easy to find even a hobby that you can continue like for many years. Maybe it's even not so easy to know yourself to know what exactly you like.

      🙂

    2. I can't catch enough fish to eat. How to make a living from fishing? Like trading for a living. No easy. 🙁

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