What’s the Correct Way?

This is a guest post by Dave, who is also looking to retire no later than 45, but unlike Tim has no kids and doesn’t want any. Dave is from Ontario and is working towards his CGA certification.

I read a lot of information online and books everyday. Most of my focus is on personal finance and fitness. Over the past year, I have read quite a bit about achieving optimal fitness levels, gaining muscle mass and increasing the probability that I will live a longer life – with my later years hopefully not being spent crippled somewhere. From my reading, I am currently following a fitness regimen that seems contrary to getting into or staying in any sort of physical condition.

I am currently working out once per week, for a total of about 15 minutes. I’ve been doing this for the past 3 or 4 months and have noticed nothing but strength gains. From an efficiency standpoint, the workout can’t be beaten. The effects noticed (very unscientifically) follow what I’ve read – lifting heavy things (basically as much weight as I can for as long as I can) every 7 to 10 days allows the body to heal and grow muscles. This method is far from the conventional lifting I was doing previously, which was a 3-day split, with a couple of days of cardio mixed in. I seem to be in the same kind of shape I have been for the past 5 years, and I can spend less time being sweaty and tired.

I used to do fairly intense workouts (and still do about once every month or so, though more for fun now) like most people, but this new style of working out works for me.

Similarly, my financial plan works for me. I would like to be financially independent, I would like this to happen by the time I’m 45. Ideally, I’d like to retire at this point and spend my time doing what I want to do. Every once in awhile I read a blog post about anti-early retirement and it seems like the writers think that people who are attempting to achieve this goal haven’t really thought it out all that well.

My wife and I have had extensive discussions about what we’re giving up now spending wise, while we’re accumulating assets. We’re also well aware of how our spending may need to change in retirement if our investments all of a sudden tank, we may even have to go back to work. Thus far, we haven’t really felt deprived of anything and are carrying on as we had planned almost 5 years ago now.

I guess my point is, when I read stuff like this it makes me grumpy.  Everyone’s plans seem ridiculous from the outside, whether it’s some sort of weird fitness thing, or not working after age 45.


8 thoughts on “What’s the Correct Way?”

  1. That post you linked to is so willfully ignorant it makes my blood boil. I was going to write a comment on his site but I figured it wouldn’t change anything about his way of thinking and won’t even get posted. I’ll just ignore his blog and I would suggest you do the same. Spend your energy reading Tim’s past posts, or someone like MMM.

    Don’t let the internet haters get you down. That guy is just throwing spit balls from the back of the class. Think your plan through, have a safety factor, believe in yourself, and surround yourself with positivity.

    I believe there is no universally correct way, and if we all spent more time finding our own best path rather than trying to tear other people down, we’d all succeed a lot faster.

    Thanks for the post, looking forward to more in the future.

  2. What workout program/regimen do you follow? Mind sharing a link? I’m interested in reading up on it.

  3. Like I posted in the comments there, the issue is one of language. People have a one-dimensional view of “retirement” and they get stuck on the word. I use “pretirement” just to alleviate confusion and I think of it as a new period of life between working stage and retirement (pension or social security) stage.

  4. I like semi-retirement myself… I plan to have a part-time job that I enjoy, to get the social contact and sense of satisfaction that I need. It will also help delay tapping my retirement funds.

  5. @ Alex – Thanks for your comment…..some things just make me grumpy.

    @RT – I started by reading “Body By Science” – http://www.bodybyscience.net/home.html/?page_id=18. I got it from my library, but it’s been out for a while so I’m sure you can find it used.

    @ Pretired Nick – I agree with your “pretirement” word. I liked your pretirement post. I have no real need for $4,000 per month to live on. I don’t think my wife and I would know how to spend that much money. Right now we’re spending (including our fixed mortgage payments) somewhere around $1,200-$1,500 per month. We don’t see that increasing too much on retirement, and living in Canada have most of our health-care looked after. We already live in a small house, but we can take some of the equity from that and invest it if we were to move to a cheaper house (or ideally to a small super-efficient place that I can build myself).

    @ Tara – I would work part time somewhere to help delay tapping retirement funds, but for me I look forward to the quiet and the lack of social interaction – I think I’m a hermit at heart.

  6. I eat a lot of chicken and sweet potatoes after a work out to give my muscles what they need 🙂 Some people use protein shakes or weigh, which works well too. I think some people are just jealous they can’t retire early because they’ve missed the boat, but everyone’s different. It’s lame to say that retirement means you can’t do any fun activities you used to do. Everyone needs a hobby, and if it happens to make a bit of side income then all the better 🙂

  7. I’m not afraid to stand behind what I say. Dave your message is very vague in why you are angry with the post. I believe the definition is being

    The fact remains, if your wife makes $50K and you sit at home and watch your kid and create several other sources of income, you are not retired. Nick seems to explain it correctly – there needs to be a new term for it.

    If I am Retired, but I am a landlord (have an investment property), a micro banker (investment like prosper), a blogger (these sites make money, some more than others) I’m sorry I’m “alternatively employed or non-traditionally employed” or maybe better still you are a sucessful entrepreneur?… not retired. Having your Spouse work kind of allows you to dabble in other forms of employment that may or may not supply you with enough income if you had to do it without a second income. Why is this so difficult for some people to accept?

    Don’t get any of us “anti-retirement” types wrong (even the given label is wrong). We are all working towards the same goal. Just some of us prematurely say we are “retired” when we are not. We are fighting over a definition of the term, not basing things in reality.

    Instead of fighting over the semantics of who is what, bloggers should focus more on helping the people reading and contributing in all things that can bring them steps closer to retirement. Pass on their knowledge and experience to make us all wealthier.

  8. @Pretired Nick: I really enjoyed your comment on that blog post and your one here. It inspired me to check out your blog and I like what I see. Thanks and keep up the good work!

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