No, I am not retir­ing – yet

I am going to vio­late one of the rules my mama taught me, a lady nev­er tells her age.  Here it comes, I am 64. Next year on my birth­day, I turn 65, the tra­di­tion­al age of retirement.

Retir­ing often means not going to work any­more.  But in truth there are two dis­tinct types of retire­ment, finan­cial retire­ment and retire­ment from work.

As for retire­ment from work, as a busi­ness own­er that is a com­plex ques­tion. For most of my life, the busi­ness could not run with­out me, or so I made it to be, for more than two or three weeks.  I start­ed my busi­ness when I was 27.  At that time, I had no grand vision, such as build­ing it and sell­ing it for mul­ti­ples in five or ten years.  It was a sim­ple vision of hav­ing fun, doing good and pro­vid­ing for my family.

Finan­cial retire­ment means you are no longer required to go to work for mon­ey.  The resources you have accu­mu­lat­ed dur­ing your work­ing life are suf­fi­cient to take care of you for the rest of your life.  By this def­i­n­i­tion, I have been finan­cial­ly retired since my mid-fifties.  After all, I am a CPF/PFS and if I didn’t fol­low my own advice, that would be inau­then­tic. It would also make me untrust­wor­thy, and ingen­uine in my opinion.

As with many busi­ness own­ers, as the busi­ness grew more suc­cess­ful, it more or less owned me. Anoth­er way to say this is for years, I didn’t have the capac­i­ty or skill to set the busi­ness up to run very long with­out me.

At 50 I began look­ing deeply at the par­a­digm of life I had cre­at­ed for myself. I delib­er­ate­ly sought the skills need­ed to do, “being a busi­ness own­er” dif­fer­ent­ly.   By 55, I devel­oped a game plan of how I was going to go about mak­ing myself non-essen­tial to the busi­ness.  My test, which I suc­cess­ful­ly passed, was in my 60th year.  I took a 7‑week sab­bat­i­cal dur­ing which time I did not call, email or con­nect with the busi­ness in any way. I know I passed because the amaz­ing team at MACKEY and The Pros­per­i­ty Peo­ple, kept the busi­ness run­ning like a well-oiled machine in my absence.

Not only was it impor­tant for me to have a sab­bat­i­cal, I tru­ly need­ed a deep respite after over thir­ty years in busi­ness.  It was also crit­i­cal that clients have con­fi­dence that the busi­ness can run with­out me. A suc­cess­ful tri­al run in the form of a sab­bat­i­cal was clear evidence.

Since my sab­bat­i­cal, I have con­tin­ued strength­en­ing the peo­ple and sys­tems at MACKEY and The Pros­per­i­ty Peo­ple, and the team has con­tin­ued to grow and expand their capa­bil­i­ties.  For 2020, my roles will be to write, speak, and coach.

My new book, The Pros­per­i­ty Play­book, A Busi­ness Own­ers Guide to Finan­cial Prowess, will be com­ing out the first quar­ter of 2020.  I’ll con­tin­ue writ­ing for my blog, and oth­er news out­lets.  I hope that more books are in my future, as I love the process of writing.

I will be speak­ing to busi­ness groups about the mate­r­i­al in the book, in addi­tion to doing inter­views and pod­casts on the mate­r­i­al.  If you have a busi­ness group that needs more Finan­cial Prowess, I love the oppor­tu­ni­ty to share.  Reach me at

Last­ly, I will be coach­ing my team. Life is a process of con­tin­u­ous change and a sup­port­ive coach or men­tor can help. I am told I have come to be a pret­ty good coach over the years, and I hope to con­tin­ue to grow my coach­ing skills while con­tin­u­ing to help others.

As this year ends and a new one begins, it is a per­fect time to find the edges in your life that need smooth­ing, refin­ing and grow­ing. The process I used to pre­pare for my sab­bat­i­cal is named, G.I.R.S.T.  It will be detailed in my forth­com­ing book, but if you would like a copy now, email and he will send you the pro­to­cols and process right away.

May you be well and pros­per and find your joy this hol­i­day season,