An "Entrepretiree" is someone who is an entrepreneur with the intention to transition their part-time side business/hustle into their main occupation once they retire. It is a proactive approach to planning for retirement to keep you from being caught off guard should circumstances (possibly beyond your control) make the retirement decision for you. Even if you have carefully planned out your finances and timeline and are retiring on your own terms when you want to, it is still super important to have a plan on what you will do after you retire. Everyone needs a purpose, a routine, something to give meaning to their existence and motivate them to get up every morning. Ideally this would be something you are already familiar with doing that you could just step further into. Yes, you could wait for retirement and then start thinking about what you want to do next, but by then you risk losing momentum and you may conclude that it is too late to start planning your next gig. Setting up a new venture is work and it takes time. You may actually have too much time at that point and the time may feel empty and without direction or routine as you work to get going again. There are many stories of retirees who think "once I retire you will find me on the golf course" or "on the beach all year long". But after a few months, this leisurely lifestyle loses its appeal and excitement and they seek more fulfilling activities. This not just the fate of retirees, the same stories hold for lottery winners. Agree or not, not but the fact is that people need to be engaged in meaningful productive activities to have purpose in their lives and feel good about things. The "job stress" and "daily grind" we feel leading to burnout is when you lose control over what you are doing and when our are doing it, and feel that you are forced to do things that do not align with your values or vision or deepest desires but you do not have a choice, and now life is passing you by.
But you do have a choice. That is why the time to start planning what YOU want to do is NOW! The future will be here before you realize it. Wouldn't it be great if you had a meaningful side venture set up and running that drove and excited you and when you retired (for any reason) you could just step further into this and ramp it up (as much or as little as you wanted)? This is what being an Entrepretiree is all about. The benefits of this are many. To just name a few, we have:
Your comment will be posted after it is approved.
Leave a Reply.