Early retirement is a proven way to improve your quality of life. For those that can afford to, quitting work before the retirement age brings with it massive improvements in stress levels, according to the BBC. What early retirement also offers is the opportunity to focus on your hobbies and interests, and celebrities ranging from music lover Ronaldinho to Michael Jordan and Cameron Diaz are showing the benefits of an early end to your career.
Michael Jordan’s philanthropy
Michael Jordan is one of the most prominent examples of an early retiree. The famous number 23 was one of the greatest basketball players of all time, if not THE greatest. Michael Jordan was paid generously throughout his career as a result, and managed his money well in order to build the nest egg that early retirees need to be comfortable. Despite this, he dipped in and out of retirement on no less than three occasions.
However, the real benefit of MJ’s retirement was felt after he had hung up his sneakers once and for all. As the NBA have outlined, Jordan has donated tens of millions of dollars to philanthropic pursuits across the world. Perhaps more importantly, the spare time he has found has allowed him to get involved, first hand, with said pursuits. While not everyone can have the millions that MJ does, the extra time you have on your hands is a great opportunity to help those less fortunate.
Daniel Day Lewis
As one of the most celebrated actors of his generation, Daniel Day-Lewis’ 2018 revelation that he would retire from screen was met with shock from many. Whereas Michael Jordan has stood out as an ambassador for his industry and as an example of philanthropy, Day-Lewis provides a different sort of inspiration. His retirement has enabled him to develop his hobbies.
In an interview with W Magazine, Day-Lewis outlined exactly how retirement has allowed him to spend more time writing scripts, painting and constructing furniture. Essentially, Day-Lewis’ retirement has enabled him to devote time to hobbies that he previously had little time to cater for. This can be important to everyday people considering early retirement. The freedom you have, and longer days before retirement comes, will enable you to enjoy life to its fullest.
Celebrities can teach us a lot about enjoying life, then. While having a lucrative career makes life easier, anyone can manage early retirement with the proper management of funds. What you then choose do you with your time is up to you – and in many ways, that’s the beauty of it.