George Choy: Systemize Retirement
on Monday, November 15, 2021George Choy Money Quote saying systemizing retirement obviates being financially free without needing to work. George Choy said:
“Retirement Systemisation: the whole point of being financially free is that you don’t actually need to do any work” — George Choy
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In this quote, George Choy seems to be summarizing the goal behind diligently saving and planning for retirement. Specifically:
- Choy refers to achieving “financial freedom” or independence through establishing a robust “Retirement Systemisation” or retirement planning system.
- He notes that the entire purpose of securing one’s finances is that it enables one to freely choose whether or not to “actually need to do any work” for income once retired.
- Choy implies that carefully saving enables retirees to retire fully from employment if they wish, since their savings can sufficiently support themselves without ongoing earnings.
The best interpretation is that Choy believes a sound retirement strategy is meant to provide the option of complete leisure by removing any obligation to continue working purely for money according to one’s preferences late in life. From his perspective, financial preparation maximizes retired life choices post-career.