Work Less, Live More: The Way to Semi-Retirement Paperback – September 30, 2007
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Very highly recommended for everybody seeking an alternative to their currently dissatisfactory career and better, more fulfilling lives. (Midwest Book Review 2009-01-01)
In 2001, Bob Clyatt retired at the age of 42. But then the stock market tanked. After a year of fretting, he found his solution: part-time work that he actually enjoyed. In his new book, Work Less, Live More, Clyatt writes about how others can semi-retire early, too. (Motley Fool, Rule Your Retirement newsletter 2009-01-01)
[Bob Clyatt] reconsidered his withdrawal rate, revised his spending plans, reconsidered part-time work and wrote about the whole process in his book, Work Less, Live More. (MSN Money 2009-01-01)
Clyatt backs up his advice on investing and spending during retirement with solid academic research. (San Diego Union-Tribune 2009-01-01)
A guide about living outside the suffocating culture of consumption and overwork. (The Columbus Dispatch 2009-01-01)
Offers intelligent and practical tips on systematic savings, sensible spending and rational investing to make retirement money, even if it is not a fortune, last a lifetime. (Tribune Media Services 2009-01-01)
Terrific advice on how to safely reach semi-retirement while still in the prime of life. (Mark Goines 2009-01-01)
About the Author
- Item Weight : 1.3 pounds
- Paperback : 368 pages
- ISBN-10 : 1413307051
- ISBN-13 : 978-1413307054
- Product Dimensions : 7 x 1 x 9 inches
- Publisher : NOLO; 2nd Edition (September 30, 2007)
- Language: : English
- Best Sellers Rank: #375,841 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from the United States
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My wife and I were looking to either retiring or at least semi-retiring and we got some excellent information, hope and encouragement from this book and it's companion workbook/CD. It's really not just for the young and independently wealthy as one reviewer eludes, we're neither. We did own our own business and have since sold that business and launched into retirement. After a year of doing what I want when I want, not being on call, or catering to others, EVEN if I end up eating beans until I die, I would not go back. Viva Liberte!
2014-04-16: A recent comment from someone who read this review inspired me to add an addendum. Since selling our business in 2009 and officially retiring life has been so rewarding. Beside spending more time with our children and grand children we've traveled back and forth across America twice. first in 2010 with a Pop Up camper and more recently in 2013 towing a 29' Airstream. We are so grateful for the freedom we are able to enjoy.
Pertaining to the book I want to especially mention that it devotes a good deal of information toward properly investing ones money to build a nest egg for retirement. Bob's investment strategy inspired me to really look into the world of investing. Before I had always trusted someone else handle this and to look out for me. Fortunately I was lucky enough to have at least a relatively honest broker, but that said I discovered that his fees had really been hurting me over the years and that by simply switching to no-load low cost (management fees) indexed mutual funds I was able to sleep much better at night and see more of our returns benefiting us than our broker. I did not even do anything as complicated as Bob described. I simply moved my accounts to Vanguard and changed all of the investments (particularly the IRAs and 401Ks) that made financial and tax wise sense. Today I feel very satisfied with where I'm at. I owe this sense of well being to to Bob's book as it opened my eyes to how simple and worthwhile handling my investment accounts personally could be.
Recognize when the author is discussing taking retirement income from your nest egg, his approach is based entirely on leaving behind the same $$ vale you started with - for me, his approach leaves the retiree(s) pinching pennies rather than enjoying the fruits of their work and savings.
In any case (regardless of whether you choose this second edition OR the now more affordable first edition), this admirable, commendable book could be of some significant help to many early (and would-be) retirees. Especially intriguing are Clyatt's recommended "Rational Investing Portfolio" and "maximum safe-withdrawal rate" sections (not that he himself necessarily "invented" either of those basic concepts--i.e., there's little, if anything, here that's TOTALLY innovatory). But even many of the other (relatively less essential) sections are fairly helpful too, if only because they provide considerable "encouraging" discussion/advice.
Bottom line, this book is actually one of the best, most likable titles in the "early-retirement-investing" genre. Just don't be overly impressed by the second edition's cover's gimmicky emphasis on the term "SEMI-retirement" vis-à-vis the first edition's use of the conventional term "early retirement." Heck, even in the first edition, the author interchangeably implements the term (or concept of) "semi-retirement." (It's merely a trivial matter of semantics. The two terms are essentially synonymous in Clyatt's virtually unchanged discussion.)
The tone is pitched just right for people who have been saving and investing for years and are informed but still need some basic guidance for this new period of life. The book gives you strong kudos for living below your means and then helps you figure out how that translates into leaving the rat race earlier than you could ever have hoped for. I especially liked the chapters "Put Your Investing on Autopilot," "Take 4% Forever," and "Do Anything You Want, But Do Something." Each of them have very specific advice, examples, and resources and appealed to me in their simplicity.
I really couldn't have found a better book as I contemplate leaving corporate America at age 48, and I plan to refer back to it many times. Now I feel more ready and excited "to pursue the rest of my life"...