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Wait …. You Retire to Go Back to Work? Huh?!

Post Series: Business

One of the many wonders of the world, at least to me is, why people retire and then go back to work  (yes, get another job!).  It just boggles my mind!  Why leave your current job if you are just going to reenter the workforce somewhere else, most likely at a much lower monetary rate than what you currently bring in?

Well, I can think of two reasons:

  1. Your current work environment is so toxic that it’s literally and negatively affecting your health and wellbeing. (Yup, you haven’t been in a homeostatic state for years!) or
  2. You’ve reached the age, you’ve given all you can to your employer and now you are ready to take that leap of faith and go into business for yourself (Yes, you did the legwork, properly prepared and have a service or product that clients want and need.)

Unfortunately, #1 applies to many, if not most, of us. So, what should a person do?  Leave in haste? Stay and wallow in their own misery and the muck and mire, nonbusiness antics?  Or, have a 2, 3, 4, 5-year plan to prepare for post-retirement?  Well, you can never go wrong with a plan. So, even if you are in the throes of chaos, disorder, and every other dysfunction under the sun at work, before you retire, CREATE A PLAN.  One that will allow you to stay retired or pick up an inexpensive yet satisfying hobby that could hopefully make you some money.

Here are 7 steps that will hopefully get you to retirement AND STAY THERE:

  1. Relax, take the time that you need, and focus.  Don’t allow the 9-to-5 freak show to get you riled up and distracted from your goal of retiring. Your tunnel vision should be laser-focused on getting your affairs in order.  Get adequate downtime on the job and enough sleep off the job.  And, don’t sweat the small stuff (or the small people) at work.  There are more important things to direct your attention to.
  2. Think ahead and work backwards.  What do you want your life to look like the day after your last day at work?  3 months after that? 1 year later?  5 years later?  Start from that point and plot and plan in reverse.
  3. Write it down.  Put your thoughts, plans, and actions on paper. Break it down in segments of time (e.g., 6 months, 1 year, 2 years, etc.). Is your brain on overload with everything that’s going on?  Carry around a pocketsize notebook to jot down ideas that come to mind.
  4. Direct excess funds, accordingly.  Instead of taking that third check (or any other excess/unexpected pay) and putting all of it towards a vacation, a new car, or a new toy for your child (or for yourself), set some aside to pay for that class or course you’ve been meaning to take (even better, to get that degree that has escaped you for so many years), to pay for the fees and costs of incorporating your business, or to finally trademark all those ideas/logos you’ve kept bottled up in your sketch book, to name a few.
  5. Make use of any free training offered by your current employer.  Many organizations provide some type of training at no cost to their employees.  Capitalize on that!  You never know if that training will help you in some way down the line.
  6. Think outside the box. So, you believe your employer has misused and abused you for decades?  Frustrated?  Can’t get anything from them other than agita? Don’t worry about it. Put your thinking cap on, think bigger and bolder, and figure out how your employer (or even your coworkers) can make you money unbeknownst to them.  Those who know me, know what I’m talking about.  (Oh, and I mean legally and above board.  No, illegality or shadiness needed when you are talented and have a master plan.)  
  7. If you remember nothing else, remember #1 and #4. 

Manage your actions, time, and resources wisely so that you don’t retire …. to go back to work (9-to-5, that is)!

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