I can’t afford to retire yet.
For the longest time, there is some part of me that feels that I can’t afford to retire.
The first argument this some part of me makes is to tell me that if I retire I’ll have to give up something. This part of me tells me this, even though I know that as life currently works I haven’t the time to do the something that I may have to give up if I retire.
See the irony? I’m not doing it now, because I haven’t the time to do it. But, if I retire and get the time to do it, I’m afraid that I won’t have the resources. The strange fact here is that while it may be true that I have to give this something up if I retire, I most certainly give it up if I don’t.
This same small part of me tells me that I’ll run out of money if I retire. It tells me this as if this happens then there are no alternatives. No alternatives to generating income while retired or alternatives to take on new work down the road if absolutely necessary or alternatives to repurposing income presently being spent to maintain the current status quo.
For example, while it may be true that I can’t afford to retire to a penthouse in Manhattan, this does not mean that I can’t afford to retire to a three-bedroom near the beach in Costa Rica. To live in Manhattan, I’ll probably have to take a first and second mortgage and work for the 30-40 plus years to pay the interest. To live in Costa Rica, I may be able to purchase a home outright for the down payment that I was going to drop on NYC condo.
Effectively, I could retire and afford it – provided the walk through and agreement to live to what is affordable.
Thinking this out loud, I’m now wondering, why do I stay shackled to not affording what I currently have? May be that I subconsciously love the “work under duress” scenario that I’ve painted for myself? May be that I can’t afford to retire because I afford NOT to retire? That is maybe the strangest fact if true.