If there is one piece of advice that I wish that someone had given me five years before I retired it would have to be:
Retirement is not about how much wealth you have, but how much time you have before your health fails you.
All the money in the world won’t bring back your health and fitness. I recently read somewhere that we fret about financial planning but don’t give any consideration at all to time planning. I guess we all just hope that we’ll live to the magical one hundred years, probably toothless and sucking on egg sandwiches. When in actual fact the life expectancy here is 82 years. Hence the current situation in Australia, where people are dying with far too much left in the bank for that ‘rainy day’. Now that’s optimism for you isn’t it? This is the driest continent on earth!