▲ Why do FIRE people who earn 40,000 monthly passive income return to the workplace and still want to work even if they have money?Differences in work values between rich and poor
Wage earners hope to save enough money to retire early, but many wealthy people want to continue working. Korean financial coach Song Sook-hyun’s “Reading to Get Rich Plan for Monthly Salaries: Tips for Ordinary People to Upgrade to the Rich Generation – Read twice as many books, triple your annual salary!” “, tells the story of aFIRE（Financial Independence, Retire Early）The experience of a group of people who retired early and returned to work:
- Worked for a small and medium-sized enterprise and worked hard to save US$2 million (approximately HK$15.6462 million)
- At the age of 43, his assets increased to US$5.3 million (approximately HK$41.4625 million)
- At the age of 47, his savings exceeded US$9 million (approximately HK$70.408 million)
- Quit your job when your monthly passive income exceeds US$5,000 (approximately HK$39,000)
- Pursue your interests as you please and decide to return to work after 5 months
This is because he suddenly realized: “It’s really painful to become a FIRE person.」
He felt that eating, drinking and having fun might be enough to sustain him for a day or two, but if he was immersed in entertainment for a long time, it would become a chore. The sudden freedom made him lost in how to fill his time, and this freedom made him feel more painful than when he went to work.
The motivation to return to work is no longer for others or the company, but for yourself. He used $760,000 of his own fortune to start the business, taking on the challenge of stabilizing his business within ten years before heading into retirement again.
Why do rich people continue to work?
Poor people often regard work only as a means to make money and maintain their livelihood.The rich view work differently: work also has meaning beyond salary. You can find the meaning of life through work and experience happiness in it.If self-realization is one of the goals of life, then work becomes the best way to achieve self-realization, which is specifically reflected in the following two aspects:
Even though the stock god Buffett has made a lot of money and is getting older, he still puts in work every day. On his wish list,Making money is not about “securing the world’s richest man”, but about enjoying your work and feeling the value of living when facing challenges.
Buffett said: “My wish is to continue to conceive of the next business and enjoy life. Every working moment is happy. Every contract that is about to be signed and every market opportunity makes me feel considerable energy.”
Also on Buffett’s wish list is lifelong partnerships with people he meets through work.
South Korean big data expert Song Jiyong once said: “In the past, leisure, entertainment and luxury were symbols of social status, but now work has become a symbol of status.” He pointed out that due to the impact of automation and unmanned operations, ordinary work has gradually disappeared. A space for human intervention,Busy work life has become a way to highlight yourself。
The author Song Shuxi believes that,With the advent of the robot age, those who can continue to work are indeed happy, especially those with creative ideas, such as artists or craftsmen, who can continue to pursue their creativity through work.However, others may gradually lose their job opportunities, which also means that people lack opportunities to pursue happiness.
Work ability is regarded as the most stable and high-yield asset, reading becomes a necessary investment in order to acquire, maintain and expand this asset. Because of this, rich people will live and study until they are old.
Written by: Ye Yu
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2024-02-08 07:58:30
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