From time to time, I chat with other readers and bloggers. The other day, I had an interesting chat with Steve from Brip Blap. While we chatted about a number of topics, two really stuck through in my mind... blogging and retirement.
For the last two and half months, I have not worked a steady day job. I thought I'd take a shot at staying at home, being a good house husband, and explore ways to make income on the side. Though it takes an extraordinarily large amount of my time, it's slowly starting to approach a portion of what I made at my day job. I consider myself very fortunate. My health site is lucky to bring in $10 in cash for the month. I suspect this is what many bloggers experience.
Many bloggers recognize this and even go out of their way to spread the message that blogging is not the answer to coping with unemployment. Brip Blap pointed that blogging is "not a road to retiring at age 40."
I couldn't help but take a few hours and roll that thought in my head. In the traditional sense of retirement, I have no doubt that it's true. I'd be hard pressed to convince anyone that I'm going to get to my goal of a 2.25M net worth by blogging. On the other hand, if you are a little liberal with your definition of retirement perhaps it can be a road to retiring at age 40.
When I imagine my retirement, I don't envision that I'll stop working. I think I would be missing a higher purpose of making my life mean something - leaving a legacy behind if you will. I took a little time and thought about what my ideal retirement job would include. It would surely have the following:
- Ability to work on projects that I enjoy
- Flexibility to working as much (or as little) as I want to
- Flexibility to when I want to
- Flexibility to work from wherever I want to
- Freedom from having to take orders (which I might disagree with) from others
Take a step back and look at that list. Doesn't blogging seems to fit as a good retirement job? Is blogging going to be able to bring in enough money and be consistent enough to rely on? If you can answer those two questions in the affirmative, you are on your way to "retiring" in a sense. Right now, I can't do that, but maybe in a few years I will be able to.
Steve quickly agreed that in some ways, profitably blogging could be considered a form of retirement. However, he noted that his idea of retirement requires investments that are more passive in nature (investments and royalties for example).
It's hard for me to imagine blogging 35 years from now and beyond. Who knows where technology will take us in that time? I do imagine there will always be money for those willing to share quality ideas and spread their knowledge. Perhaps that's all I've ever wanted to do. As Lloyd Dobbler once said, "I don't know, I can't figure it all out tonight."
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