Lately, I’ve been seeking a strategy for where I’d like to be in my 60s. The long-term strategy focus is being driven by a lack of goals beyond the end of this month. When I have open space in the present, I like to think about creating things that will have a major impact in the future.
In an effort to generate options and opportunity, I have been asking smart, older friends for input about how to live in my 50s.
It’s a simple question that I pose: What advice do you have for me in my 50s?
They aren’t telling me what to do, today – so speak openly. Also, because I am asking about their recent past, their advice gives insight into what they value in their 60s.
So far the best answer has been: friends, family and roots. The answer came from a pal that spent his 50s focused on wealth creation. As a result, in his 60s, he can do whatever he wants – which has little to do with how he spent the previous few decades. The skills and lessons from his 50s are different from what’s required to create success in his 60s.
At 42, I’ve never lived more than five years at the same address and the concept of ‘roots’ is foreign to me. As well, I have to acknowledge that that I might be getting the urge to turn my life upside down simply out of habit. So I dug a little deeper with my buddy, who said that roots are:
- Long-term relationships
- Feeling connected to a community
- Stability in relationships, finances and personal security
- Efficiency in daily living, technology, location and work environment
Because that definition didn’t impact my perception of freedom – it was easier to accept.
Another surprising observation has been how often people mention the negative impact on health of high stress. I’ve heard this across a wide range of people: working athletes to sedentary businessmen. It’s also something that’s repeated in Steve Job’s biography – the health cost of being CEO of Apple and Pixar simultaneously.
Some stress is OK, perhaps even essential for motivation, but too much has a health cost to where successful people see themseleves in their 50s and 60s.
It’s conventional wisdom that we should work many years and retire in the future, ideally when we’ve achieved enough wealth for lifelong financial stability. Speaking from experience, that is a horrible trade-off and my friends that retire end up bored. Personally, I don’t see retirement as a goal, or particularly attractive.
I’ve worked in fields (finance, consulting, teaching, coaching) that span the full range of financial reward; very high to very low. In each field, I’ve worked with excellent people that were doing exactly what they wanted every-single-day. The goal isn’t to stop working; the goal is to find work that will be rewarding through each phase of our lives.
I’ll leave you with a final tip that I came across. Don’t network. Focus on building strong friendships and helping others achieve their goals.
No answers yet but the brainstorming has been fun.