Wednesday, December 27, 2006

Book Review: How to Retire Happy, Wild and Free

As par of my vacation I'm getting caught up on some reading and I came across a great little book. How to Retire Happy, Wild and Free by Ernie J. Zelinski is a must read, but not for the usual reasons.

Typically I read books for investment advice, spending reductions and taxation. This one is different in the regards it focuses on that old question of "What are you going to do with all that time in retirement?" Ernie actually gives a great read on how to plan your leisure time to ensure you have a rewarding retirement.

It a pleasure to read a book that addresses the idea of how to have satisfying leisure time. I think most people spend far too much leisure time at passive activities such as watching TV. One example in the book is if you reduce your TV time by just one hour a day you will gain about 365 hours a year or about 20 extra days a year (based on a 18 hour day awake time) to do something more meaningful, such as reading or another hobby.

So next time you think you don't have time for anything. Try to just find one hour a day and see what happens. (Yes, I know that an hour can seem like an impossible goal some days, but try for just 15 minutes and you still gain an extra 5 days a year on something.)

4 comments:

terry said...

I earn minimum wage, does the author offer any suggestions on how someone like me could EVER retire?

MillionDollarJourney.com said...

Hey Terry,

There are plenty of seniors who retire at 65 with very little savings. They benefit from OAS, the small amount of CPP they accumulated over the years, and GIS. GIS will not only provide you with income but also prescription medicine benefits also.

FT
http://www.MillionDollarJourney.com

The Canadian Money Blogs Reviewer said...

good book review ... I think I'll try to read the book. Retiring happy sounds even better than retiring rich :-)

Canadian Dream said...

Terry,

Actually in your case, I would really suggest you get a copy of this book from your library. The author has been semi-retired for years now and seems very happy working part time. You might not fully retire early, but semi-retirement might be a good option for you until you can collect CPP and OAS at 65.

Also you might want to avoid RRSP's if your in the lowest tax bracket. They don't do much for anyone in that range.

CD