4 ms·

>>10 Be prepared for old age Like my dad adviced me. As you age worry only about four things: Health, Relationships, Side income and Free time. Forget about c

by kamaal 4y ago

>>10 Be prepared for old age Like my dad adviced me. As you age worry only about four things: Health, Relationships, Side income and Free time. Forget about career, accolades, titles, awards or recognitions, nothing is really remembered in this world where kids can't remember their parent's birthday or what they had in dinner yesterday.

AnimalMuppet 4y ago
Then why side income? If you're not going to worry about your career, why worry about side income?
- projectazorian 4y ago
  The side hustle gives you optionality, so you don’t have to worry about your career so much. Just a guess.
- kamaal 4y ago
  The point is by the time you reach mid 40s, ensure you don't have to depend on a salary to run a family.
  - gonzo41 4y ago
    That advice more and more doesn't work in this day and age. Though it's a good goal, just not that achievable
  - antihipocrat 4y ago
    What's the reasoning for this strategy? Is the idea that it's harder to retain a salary job if your older (I'm assuming because you are likely more expensive and a target for redundancy)?
    - powerhour 4y ago
      For a lot of us, the work we do is meaningless and takes us away from what we would enjoy doing with our limited remaining years. It might be a good strategy to find meaningful work but it's unlikely to compare favorably to spending time with ones family (for example). This only works if you can afford it, of course.
- randomdata 4y ago
  Side income is what sets you up for retirement. Generally, without a side income, you can't retire or stay retired. I don't suppose I have to explain why retirement is something of growing concern as you age. Depending on where you live, the government may provide you a side income after a certain age (mid-60s, commonly), but often it is well below what one needs for their preferred standard of living, so one's own side income remains important to many. For what it is worth, this is more typically referred to as investing, but not all investments successfully return the all important income, so the distinction does matter here.
  - aj7 4y ago
    Unless you work for the government. I fell for the free enterprise shtick, hook, line, and sinker, but everyone with a good government job did better than me. I’m talking, $150k to $200k PENSIONS in two cases. Even the divorced secretary of my thesis advisor at Berkeley did better! I’m not complaining, I did fine. But by going into private enterprise, I gave up the ability to tax the American people directly for my sustenance. I didn’t understand that.
jimmygrapes 4y ago
Assuming the things you don't worry about are things you got in the bag, things you don't need to worry about because they're a given
paulpauper 4y ago
If you cannot see your legacy, then why do anything. What difference does it make if others don't remember if you cannot witness it anyway. I understand the part about family and relationships, but success sure feels good too even if no one cares after you are dead.
- fairity 4y ago
  > If you cannot see your legacy, then why do anything. What difference does it make if others don't remember if you cannot witness it anyway. Many people want to feel that their life was important & meaningful, and having a legacy fulfills that desire. Even though they don't get to experience their legacy first-hand, simply knowing they will have a legacy increases their self-esteem and well-being while they're living. It's this same desire to be important & meaningful that likely contributes to 'success' feeling good to you.
- thematrixturtle 4y ago
  The legacy that matters is not the plastic cube engraved to commemorate you winning the 2021 Q3 Mid-Atlantic Region Corporate Synergy award. I'm staring at one of these on my desk as I type this, and it took me a solid minute to even remember what I won it for. Everybody involved, including the VP who handed to it me and the product it was for, is long gone.
- badpun 4y ago
  > success sure feels good too even if no one cares after you are dead. Success is nice, but too often it comes at great cost. How many successful people's lives are essentially barren wastelands, because they had to move too many times, had to work ultra hard for years on stuff they don't particularly enjoy, had neglected friends and family and/or health. Not to mention that many of them, after attaining success, have learned that it doesn't matter all that much to them, and they'd rather have a full and balanced life instead (or, even worse, they feel bad but can't even articulate why - they haven't reach the necessary level of self-awareness) - only now it's too late for that.
deleted 4y ago
[deleted]

by kamaal 4y ago

AnimalMuppet 4y ago

Then why side income? If you're not going to worry about your career, why worry about side income?

projectazorian 4y ago
The side hustle gives you optionality, so you don’t have to worry about your career so much. Just a guess.
kamaal 4y ago
The point is by the time you reach mid 40s, ensure you don't have to depend on a salary to run a family.
- gonzo41 4y ago
  That advice more and more doesn't work in this day and age. Though it's a good goal, just not that achievable
- antihipocrat 4y ago
  What's the reasoning for this strategy? Is the idea that it's harder to retain a salary job if your older (I'm assuming because you are likely more expensive and a target for redundancy)?
  - powerhour 4y ago
    For a lot of us, the work we do is meaningless and takes us away from what we would enjoy doing with our limited remaining years. It might be a good strategy to find meaningful work but it's unlikely to compare favorably to spending time with ones family (for example). This only works if you can afford it, of course.
randomdata 4y ago
Side income is what sets you up for retirement. Generally, without a side income, you can't retire or stay retired. I don't suppose I have to explain why retirement is something of growing concern as you age. Depending on where you live, the government may provide you a side income after a certain age (mid-60s, commonly), but often it is well below what one needs for their preferred standard of living, so one's own side income remains important to many. For what it is worth, this is more typically referred to as investing, but not all investments successfully return the all important income, so the distinction does matter here.
- aj7 4y ago
  Unless you work for the government. I fell for the free enterprise shtick, hook, line, and sinker, but everyone with a good government job did better than me. I’m talking, $150k to $200k PENSIONS in two cases. Even the divorced secretary of my thesis advisor at Berkeley did better! I’m not complaining, I did fine. But by going into private enterprise, I gave up the ability to tax the American people directly for my sustenance. I didn’t understand that.

jimmygrapes 4y ago

Assuming the things you don't worry about are things you got in the bag, things you don't need to worry about because they're a given

paulpauper 4y ago

If you cannot see your legacy, then why do anything. What difference does it make if others don't remember if you cannot witness it anyway. I understand the part about family and relationships, but success sure feels good too even if no one cares after you are dead.

fairity 4y ago
> If you cannot see your legacy, then why do anything. What difference does it make if others don't remember if you cannot witness it anyway. Many people want to feel that their life was important & meaningful, and having a legacy fulfills that desire. Even though they don't get to experience their legacy first-hand, simply knowing they will have a legacy increases their self-esteem and well-being while they're living. It's this same desire to be important & meaningful that likely contributes to 'success' feeling good to you.
thematrixturtle 4y ago
The legacy that matters is not the plastic cube engraved to commemorate you winning the 2021 Q3 Mid-Atlantic Region Corporate Synergy award. I'm staring at one of these on my desk as I type this, and it took me a solid minute to even remember what I won it for. Everybody involved, including the VP who handed to it me and the product it was for, is long gone.
badpun 4y ago
> success sure feels good too even if no one cares after you are dead. Success is nice, but too often it comes at great cost. How many successful people's lives are essentially barren wastelands, because they had to move too many times, had to work ultra hard for years on stuff they don't particularly enjoy, had neglected friends and family and/or health. Not to mention that many of them, after attaining success, have learned that it doesn't matter all that much to them, and they'd rather have a full and balanced life instead (or, even worse, they feel bad but can't even articulate why - they haven't reach the necessary level of self-awareness) - only now it's too late for that.

deleted 4y ago

[deleted]