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Transcripts


June 16, 2004:
How Retirement Can Kill You
, Steven Berglas, Ph.D., author of Reclaiming The Fire


Mike Carruthers:
The dream of working hard, making lots of money and then retiring to a stressless life of leisure seldom works.

Steven Berglas :
The more successful you are and more active you are in life, smelling the roses will kill you. If you retire to smelling the roses you're digging your own grave.

Dr. Steven Berglas author of the book: Reclaiming The Fire has been studying the negative effects of success for a long time. He says if you look at entrepreneurs for example....

They suffer paradoxically when the business succeeds. Entrepreneurs never complain about the struggle, they never complain about building a business. What drives them crazy is the passivity of success. And I identified a syndrome called entrepreneurial arson where a business builder will create a problem in his business at the moment he is scheduled to retire so he doesn't have to be put out to pasture.

And there are plenty of well known examples of entrepreneurial arson starting with the chairman of General Electric.

Jack Welch did it publically when he made the Honeywell acquisition and wouldn't retire on schedule. George Eastman of Eastman Kodak killed himself when he retired. He put a note on his desk, 'My work is done, why wait," and he blew his brains out.

The people who do best after retirement says Dr. Berglas,are the people who stay involved.

You're always being a mentor or teacher or role model. You're never at a loss for both doing good and building self esteem.

Tomorrow, the effects of being successful in a career you hate. At somethingyoushouldknow.net, I'm Mike Carruthers, and that's Something You Should Know.

 


 


 


 
 

 

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