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BigZaddyZ3 t1_j5h3pzy wrote

Why do multi-millionaires who could stop working after their first big contract, usually wait until they’re old to retire? They don’t need the money, yet you rarely hear about rich 20 year olds retiring and choosing to live the exact life some here claim they would enjoy. Why?

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Dr__glass t1_j5h61iv wrote

You don't hear about them because they retire to a private life. It's survivorship bias, you don't hear about the millionaires that don't keep working in the public eye so it seems like it doesn't happen

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BigZaddyZ3 t1_j5hpo68 wrote

Why don’t we see the ones who are rich and famous right now doing it? How often do you really see a person get rich in their youth and then immediately retire? Be realistic.

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94746382926 t1_j5u4a6u wrote

There's entire communities of people who strive for super early retirement. Check out /r/leanfire or /r/fire for countless examples of people retiring in their 30's and 40's.

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Spire_Citron t1_j5hhjeb wrote

Why would you hear about the people who retire young with just a few million?

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BigZaddyZ3 t1_j5hpc8c wrote

I meant like athletes for example. How come Steph Curry doesn’t retire after his first 200 million dollar deal is completed for instance?

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randomwordglorious t1_j5hx3gr wrote

He loves to play basketball. If the NBA went out of business tomorrow and the most competitive basketball league in the world was only paying $50 per game, he'd play for $50 per game.

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BigZaddyZ3 t1_j5hxgwa wrote

Then why not just retire and play basketball all day at one of his luxurious houses? It’d be even better for him it it was really just about loving the game right?

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Spire_Citron t1_j5i01ql wrote

I mean, nobody's saying that people who are motivated by competition or making a name for themselves don't exist. They certainly do. Becoming a pro athlete is something that takes a lot of work and dedication and which very few people get famous from doing, so it makes sense that the people who find success in it actually love doing it and don't want to drop it the second they have enough money to live comfortably. They're not a good representation of an average person.

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randomwordglorious t1_j5j6iad wrote

If he could get the best players in the world to play against him at his house, he would. But the highest level of competition is in the NBA, so that's where he plays.

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