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Why Don't Rich People Just Retire? Experts Explain
Why Don't Rich People Just Retire? Experts Explain

Yahoo

time3 days ago

  • Business
  • Yahoo

Why Don't Rich People Just Retire? Experts Explain

You'd think having millions in the bank would be the ultimate cue to kick back, sip something cold by the beach, and finally stop checking your email. But oddly enough, many rich people do the exact opposite –they keep working. Sometimes harder than ever. In fact, Business Insider recently reported there are many millionaires working even into their 80s. Find Out: Consider This: So what gives? Why don't the ultra-wealthy just call it quits and ride off into a golden sunset of early retirement? 'The thing that surprises most people is that having money rarely makes someone want to stop working — it usually does the opposite,' said Andrew Lokenauth, money expert and owner of BeFluentInFinance with experience working with high-net-worth clients. Here are some of the surprising reasons why money doesn't always equal a permanent vacation. Chris Heerlein, CEO of REAP Financial, works with many high-net-worth clients who could walk away tomorrow, yet choose to stay deeply involved in their businesses or careers. 'One of my clients built and sold a company in his early 50s and had more than enough to retire. But three months into retirement, he told me it felt like he lost his rhythm,' Heerlein said. The client wasn't bored; he just missed having something meaningful to push toward. Now, he consults part time, not for the paycheck, but to keep solving problems, mentoring younger founders and staying mentally sharp. Lokenauth similarly agreed, adding, '[They] love the game, the challenge, the thrill of building something. Money's just how we keep score.' Be Aware: Here's something most people don't realize, said Lokenauth — wealth often creates more opportunities that are hard to walk away from. Last March, he had the chance to invest in an exciting startup because of his network and expertise. 'Sure, I could've been sipping margaritas on a beach instead of doing due diligence, but I'd have missed out on both the intellectual challenge and the potential returns.' Lokenauth sees this with many of his clients. When you're known as the person who builds successful companies or makes smart investments, he said that becomes part of who you are. 'It's not about ego — ok, maybe a little. It's about maintaining the relationships and influence you've built over years,' Lokenauth noted. More From GOBankingRates 10 Cars That Outlast the Average Vehicle This article originally appeared on Why Don't Rich People Just Retire? Experts Explain

Tell Us: How Are You Using A.I. at Work?
Tell Us: How Are You Using A.I. at Work?

New York Times

time3 days ago

  • New York Times

Tell Us: How Are You Using A.I. at Work?

Artificial intelligence has wormed its way into our work lives. It's writing code with and for us; solving medical mysteries; helping us cook; and reading M.R.I. and CT scans. In the two and a half years since Chat GPT launched, A.I. models have improved by leaps and bounds, and worked their way into many industries. Has A.I. become a part of your daily work routines? Has A.I. helped you with a breakthrough of some kind? We want to know what it assists you with and even what prompts you use. And if A.I. has failed to help you in some way, we're interested to know that, too. Tell us in as much or as little detail as you want. If we want to publish your ideas and prompts, we'll contact you first to ask for permission. How are you using artificial intelligence?

Your daily horoscope: June 17, 2025
Your daily horoscope: June 17, 2025

Globe and Mail

time3 days ago

  • General
  • Globe and Mail

Your daily horoscope: June 17, 2025

As Mars moves into one of the more sensitive areas of your chart on your birthday you must keep a lid on your emotions. You will find there is no such thing as getting just a little bit angry about events. You cannot afford to lose control. Envy may not be the best of emotions but it can be the catalyst that gets you to strive harder. With Mars, your ruler, moving into the work area of your chart today it's okay to look at a senior colleague and aim to do better than them. Try not to attach too much importance to what you are told by other people today, especially if they are the sort of people who enjoy putting other people down. Ambitious Mars' moves into the most dynamic area of your chart making you almost unbeatable. If you allow minor irritations to get to you today they will divert your attention and your energy away from the issues that really matter. On the home front especially, refuse to get involved in problems you know are not really problems at all. You need to toughen up and let rivals and competitors know they won't get the better of you no matter how hard they try. You don't have to be overly aggressive but you will need to bare your teeth so they know you mean business. You have been so active of late that it was inevitable that you took a few wrong turnings and made a few mistakes along the way. The good news is you are still well on course to reach your No. 1 goal, so don't waste time on regrets. The world may be coming apart at the seams but with Mars moving into your sign you won't care in the slightest. Why? Because you recognize that the more things fall apart the more opportunities there will be for you personally. Yes that's selfish, but so what? You cannot hope to be in control of events every minute of every day, so stop being so hard on yourself and ease back a little over the next 24 hours. A more hands-off approach will work better for you both at home and at work. You may not be the most outgoing member of the zodiac but as Mars is now moving into the friendship area of your chart you should find it easier to open up to people you meet along the way. You may even discover they are just like you. People in positions of authority may have their doubts about your abilities but Mars in the career area of your chart will endow you with so much self-belief and so much get-up-and-go that those doubts will soon disappear. Aim for the big time! Everything seems right with your world at the moment and long may it continue, but some of the people you are closest to are not exactly bubbling with joy. What can you do to cheer them up? Maybe you should start by listening to their woes. The fact that you feel uncomfortable about what's going on in your social circle will spur you on to do something about it. The course you choose to take won't make you popular but it will do the most amount of good for the people who really need it. Don't waste your time arguing the toss with someone whose outlook on life is at odds with your own. Their way of looking at the world is so different from your own that a meeting of minds is all but impossible. Just stay out of each other's way. Discover more about yourself at

The key to being happier, smarter and ageing better, by leading neuroscientist DR JOSEPH JEBELLI. An extraordinary scientfic breakthrough shows what part of modern life is destroying our brains - now his new book has the cure
The key to being happier, smarter and ageing better, by leading neuroscientist DR JOSEPH JEBELLI. An extraordinary scientfic breakthrough shows what part of modern life is destroying our brains - now his new book has the cure

Daily Mail​

time7 days ago

  • Health
  • Daily Mail​

The key to being happier, smarter and ageing better, by leading neuroscientist DR JOSEPH JEBELLI. An extraordinary scientfic breakthrough shows what part of modern life is destroying our brains - now his new book has the cure

You're sitting at your desk, trying to look busy, and your work isn't going well. OK, it's time to double down and try a bit harder... but for some reason your brain fails to ignite. It's just one of those things we all experience at work – and until recently, no one really understood how to kick-start the brain back into action.

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