Money, Money, Money


“Money makes to world go round.” Cabaret

“The love of money is the root of all evil.” St Paul

Which ever view of money that you have, very few of us can live without it. I’m not the type of person who can live off the land, weave my own clothes, etc. I’m a city boy.

One of the major challenges that I had to think about was could I live on my retirement income. Or, would I be better to work for a bit longer and sock away more money?

Working for an extra couple of years wasn’t going to add that much money. I’d really need to work until 65 or better yet 70.

Ultimately, I decided against it.

Firstly, I don’t know if i’d be able to work at the same level of productivity and stand the stress or even have an employer who’d want to pay me the $ I’d want and need to be able to live on and save a big chunk for retirement.

Secondly, I wasn’t prepared to give the time to work. At 60, the average life expectancy is 85. If I work for an extra 5 years, that’s 20% of my life expectancy and working to 70 is 40%. Not worth it. Especially as my health post 70 is probably going to be worse than it is now.

So, I’m trading less money for more life and, hopefully, more life with good health.

While I’m hoping that I’ll have enough money to live on, I’m not 100% sure. I may have to think about getting a part time job to help out. It’s not something that I want to do but I may need to until I reach full retirement age and can claim my state pension / social security.


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