GUEST BLOGGER: Tripp Friedler

Posted on April 18, 2005 5 Comments

First I would like to thank Nicole for allowing me to join her as a guest.

For those of you who do not know about my book, it is a little book for bigpeople. I have done many things over my career (restaurateur, record producer,fashion photographer) but for the last 15 years I have been involved infinancial consulting. I have worked with numerous clients and I began to noticethat they all had the same basic issues. They were focusing so much onaccumulating wealth, they were forgetting about having fun. My book is aboutgetting rich but it has very little to do with money.

One issue most relevant to many of my clients is retirement. Somehow in oursociety retirement has become a good thing. In fact, many people today will stayin jobs they hate just to be able to save for retirement. In some ways this islike getting married, coming back from the honeymoon, and stating that youcannot wait for the divorce.

If we look at really successful people, they do not "retire." In fact Suze Ormanwho preaches about retirement is herself not retiring. She has plenty of moneyyet continues to work. She understands that when you do what you love you neverwant to stop.

I know many people will say, "Easier said than done. I hate my job but at leastit pays well." My question is; what is the appropriate trade off between a jobyou hate that pays well and one you enjoy doing that pays less?

So I would like to end with the following question: Do you think it is smarterto do work you love and save very little or work you do not like and save a lot?

TRIPP FRIEDLER <mailto:tripp@freegulliver.com>Author of "Free Gulliver: Six Swift Lessons in Life Planning"
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5 Responses to “GUEST BLOGGER: Tripp Friedler”

  1. Nicole
    April 18th, 2005 @ 4:49 am

    Tripp,

    For most people in their mid-20′s, retirement is something so far away we can’t really imagine it. We sock away our savings to a 401K each month in hopes of amassing an appropriate amount of wealth to secure our futures.

    We know retirement is important, but what about our nearer-term needs, like real estate, cars and savings for our childrens’ tuition? What are some savings options to grow our near-term nest eggs beyond slow-growing savings accounts, CDs and money markets?

    Thanks for posting on my site. I look forward to your responses.

  2. Tripp Friedler
    April 18th, 2005 @ 5:22 pm

    I really do believe that even young people need to begin focusing as much on finding work they love as they do on saving. A time in your life when you have less reponsibility than maybe later is a good time to take this sort of risk.
    Assuming you have such a job, then your savings should be in a well diversified portfolio structured to grow over the long term. I tell all clients that while I find it hard to get rich quick, it is much easier to get rich slow. Consisitant savings in a well diversified portfolio will lead to good results.

  3. Steve O'Keefe
    April 18th, 2005 @ 9:12 pm

    Tripp,

    Your book indicates that doing work you love does not necessarily mean taking a cut in pay or savings. In fact, you say that your income is likely to rise quickly if you’re doing work you love.

    Do you have any evidence to support that?

    STEVE O’KEEFE

  4. Tripp Friedler
    April 19th, 2005 @ 2:17 am

    Just my own experience and that of most of my clients who have taken the leap.

  5. natalie
    September 15th, 2005 @ 9:41 am

    I enjoyed your information on student loan consolidation. I have a student loan consolidation blog if you want to check it out.

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