Jeremey, Age 48, Earns $13,000 a Month and Has Given Up on Retirement. Here’s Why.
<p>Like me, Jeremey is a salaried worker.</p>
<p>Like me, Jeremey believed in retirement.</p>
<p>But unlike me… he has given up on that dream.</p>
<p>Jeremey today is very different from the man I knew 8 years back. Then, <a href="https://aldric-chen.medium.com/3-things-i-learned-from-a-50-year-old-ex-banker-about-sustainable-retirement-money-79a2046484e4" rel="noopener">chatting about retirement</a> makes Jeremey happy.</p>
<p>That is no longer the case today, despite earning $13,000 a month.</p>
<p>Jeremey has become a retirement dropout.</p>
<h1><strong>When It Comes to The Big R — It’s Complicated</strong></h1>
<p>There is never one reason why we <a href="https://aldric-chen.medium.com/many-people-i-know-in-their-60s-are-returning-to-work-is-retirement-really-dead-acef3dff0dfa" rel="noopener">give up on our retirement</a>. Never.</p>
<p>Often, there are many.</p>
<p>For Jeremey, I observed the following.</p>
<ul>
<li>He sees investment returns without the risks (<em>Oh, oh, big trouble!</em>).</li>
<li>His household expenses kept climbing, squeezing his income.</li>
<li>He regards retirement as a race.</li>
</ul>
<p>Each of these factors influences the others.</p>
<p>Together, they produce a negative psychological whirlpool that dominates his rational thinking.</p>
<p>And it all started when he started placing speculative bets…</p>
<p><a href="https://themakingofamillionaire.com/jeremey-age-48-earns-13-000-a-month-and-has-given-up-on-retirement-heres-why-c64f35ef7af1"><strong>Website</strong></a></p>