What a scenario , no need to work to ensure that you have to put food on the table or to ensure you have enough to put your children through college and advanced studies or to arrange for their marriages.. It sounds idealistic.
However I find that this is becoming more and more real and I am finding people I know who are in this phase already or getting there.
Children have started jobs and house bills and any debt is repaid.
And they still have another 10 to 15 years before retirement.
In fact one of my neighbours is exactly in this state. Child has finished his MBA from a prime college and it's an only child too. Parents are doting and suddenly find that they have so much time that they don't know what to do with it. They are not old yet... They want to spend more time with their child ( who btw wants to spend more time with friends and colleagues ) .An altogether interesting situation.
These are usually people who got married early and had early children...mostly on.. Had and have successful corporate careers and are now stuck in a situation which others in their generation haven't been in.
With increasing lifespans what they will do unless they can fire up their ambition for the next 40 to 50 years is going to be interesting to see how it plays out. Will it lead to depression or more openness in the relationship with family and children? We need to wait and see.
Coming back to the main point on the idyllic scenario.. It's not far fetched .. It's playing out around you and it does have quite a few positive effects on people's working life. They might not have planned it out but we can learn quite a bit of how we can achieve the same by learning from their lives.
I will look to share some of these learning by taking examples of these people and what made them reach this position.
Learning from others ... But putting them in your own context... That's simplefinancialsense
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