I-left-Florida-to-retire-in-New-York-City-at.jpeg

I left Florida to retire in New York City at 62. Living in a bustling city keeps me feeling young.

by with No Comment Xpandfy

This as-told-to essay is based on a conversation with Karen Meadows, a 62-year-old Floridian who moved to New York in 2024. The conversation has been edited for length and clarity.

My husband and I have been married for 34 years, and we spent 17 of those years living in Panama City Beach, Florida. It’s where I raised both of my kids and where I started my running coaching business and a 10K charity race.

Panama City Beach was a gorgeous place to live, with beautiful skies every day, clear blue water, and pure white sand. While it was a touristy area, when we first moved there, it was still pretty sleepy during the off-season. That’s actually why I got into the racing business — I was really bored, and there wasn’t that much to do.

However, over the time we lived there, it became more popular.


A family of four - mom, dad, son, and daughter - holds a pumpkin and smiles at the camera.

Meadows, her husband, son, and daughter. 

Courtesy of Karen Meadows



Many people move to Florida to retire because it’s quiet and has a slower pace of life. But for me, I wanted to move somewhere with more energy.

In 2024, my husband and I moved to New York. It’s funny because the first thing everybody says about our move is, “Oh my God, you did the opposite.” And they’re right.

To be honest, at first, I was afraid to live in New York. And I’ll tell you, most days I’m still a little bit afraid. But I’m a huge believer in the idea that your brain is your central governor; it rules everything, and that the second you start restricting yourself because of fear, or thinking you should slow down, you will.

In New York, there are so many people to see and things to do. I’m more active, and living here is keeping me positive about aging.

We moved to be closer to our children

Moving to New York was definitely driven by our children. In 2020, my son was accepted to Columbia University. My daughter also attended Boston University and now lives in New Jersey. My husband and I really wanted to be closer to them.

We did have some issues selling our house in Florida. It was a really pretty home, but it also had a lot of quirky touches. On top of that, there was so much new construction that we were facing a lot of competition.

I took the first decent offer we received. By that point, I didn’t care about trying to squeeze out more money — I felt like my mental health was worth more than that. We made enough from the sale to put some money in the bank and feel like we could downsize comfortably.


An aerial view of Williamsburg, Brooklyn.

East River and Brooklyn Bridge. 

Nisian Hughes/Getty Images



There’s such a big contrast between New York and Florida. It made it pretty stressful trying to figure out where to live. But my son introduced me to Williamsburg in Brooklyn, and I liked that it had plenty to do while feeling a little less hectic than Manhattan.

When we first moved to Williamsburg, we lived in an old converted loft building. When our lease was up there, we moved to Three Williamsburg Wharf in 2025. We live in a two-bedroom, two-bath unit and pay around $8,700 a month. Our corner unit has a view of the Brooklyn skyline and overlooks the Brooklyn Navy Yard, which I love because you can see so much going on.


Two side-by-side images of the interior of a condo in a NYC apartment. First photo is a living room with white furniture overlooking the city. The second photo is a bedroom with a large white bed and an open window with the Brooklyn skyline in the background.

A model home at Three Williamsburg Wharf. 

Courtesy of Naftali Group



Coming from a big house, a two-bedroom apartment is a huge downsize. And while I thought I wouldn’t like renting, I’ve never been happier. There’s a lot less to worry about; there are no property taxes, and everything gets done for you. I also love the sense of community here, from wine tastings and Super Bowl parties to the people I’ve met in the building.

Moving to New York was a risk, but I’ve found a new community

I’ve always been a bit of a risk-taker, and I think it’s important to challenge yourself.

That’s part of why I’m such a dedicated runner — I regularly train for marathons, and I’ve run the New York City Marathon and the Boston Marathon many times.

Still, moving to a new place comes with plenty to worry about.


Karen Meadows has two peace signs in the air as she completes a marathon.

Karen Meadows competing in a marathon. 

Courtesy of Karen Meadows



Some of the fears I’ve had to overcome in New York included learning to use the subway — my son showed me how to use maps, which made it much less intimidating — and getting comfortable driving in a busy city.

The way I got over that fear was by driving more. I also started volunteering with North Brooklyn Angels, a nonprofit food delivery service. Doing that community work has also helped me become more social.

In addition to volunteering with North Brooklyn Angels, I’ve joined the North Brooklyn Runners Club, started a book club, and recently begun volunteering with City Harvest, a food rescue organization. These groups have been especially important to me because I left behind my whole life and many of my friends in Florida. I also love helping people in need.

I know I probably could have moved somewhere more laid-back, warmer, and with lower taxes, but I love New York. I’m almost 63, and I feel better and more alive than ever. Life feels freer, I’m more engaged, and there’s still so much to explore.




Source link

I-sold-my-company-for-hundreds-of-millions-and-have.jpeg

I sold my company for hundreds of millions and have more money than I’d ever need. Yet at 66, I have no plans to retire.

by with No Comment Xpandfy

This as-told-to essay is based on a conversation with David Chung, owner and chairman of Amare Global. It has been edited for length and clarity.

I couldn’t believe there was a banana just sitting on the kitchen table. In Korea, having a banana was a big deal, but when I immigrated to New York City at 12, we had fruit and even M&Ms. Everything was so luxurious.


David Chung and mom

David Chung and his mom moved to New York.

Courtesy of David Chung



My mother immigrated to the US in 1963 with less than $100. When she arrived in New York, she started a small, mom-and-pop gift shop. She grew the business through and eventually got her green card. I joined her about eight years later, in the middle of a New York winter. I didn’t speak the language, but I felt lucky to be in the US.

I decided to get into cosmetics after watching my mom’s business

My mother continued to grow her store, expanding into a drugstore and pharmacy. By the early 2000s, she had a business worth tens of millions.

She was very, very entrepreneurial. Watching her journey inspired me and has carried over even today. I have a lot of her DNA when it comes to business. Now that I’m 66, I’ll think, “I’m just like my mother!” It’s scary.

My mom’s business set the stage for mine. Working in her shop, I saw that beauty products provided a great business opportunity. The products are small, which reduces warehousing and shipping costs. They’re consumable, so customers return again and again. And even if the economy is bad, people don’t give up on their skin.

I started my first business at 23

I went to college, but I found it difficult to concentrate because I was always thinking about starting my business. Even today, I don’t drive much because I get so distracted thinking about running my companies (instead, I use a driver). Eventually, I graduated with a degree in engineering.

Right next to my school, there was a small video rental store. These were the days before Blockbuster. I bought that store when I was 23, and expanded it slowly to sell gifts and cosmetics.


David Chung in his first business

David Chung started his business at the age of 23.

Courtesy of David Chung



That was my start in business. Other than my mom, I’ve never worked for anyone else. That meant I had to learn hard lessons about business structure, processes, and systems on my own.

I have more money than I could ever spend, but still love building businesses

Over time, I pivoted from retail to research, design, and manufacturing. In 2018, I sold my shares in one company for $53.7 million. In 2021, I sold my company, Farmacy Beauty, for hundreds of millions (I’m not allowed to share the specific amount). I remember being at my computer on December 31st, watching the funds being deposited into my account. I didn’t feel anything. I didn’t think “I’m rich now.” I didn’t even go out to dinner to celebrate.

Entrepreneurship has never been about money for me. It’s more about the accomplishment and excitement of building something. I remember the first time I was in a room with people who had more credentials than me. I came up with an idea they hadn’t considered. That’s the first time I realized that I had a different way of thinking about things.

I have a huge amount of money now — I could never spend it all. And yet, when those funds hit my account, I didn’t buy a Rolex or a fancy car. I went out and bought another company to run.

I want to build wealth in order to give back

Recently, I told an employee that I’m going to retire in three years. She laughed and said I told her the same thing 15 years ago.

I don’t think I will ever retire fully. God has given me a talent for being business-minded and good at what I’m doing. I want to utilize that as long as I’m able to.

My mother was very passionate about giving back, particularly to the Korean American community. I figure the more money I make, the more I can give back. So, why not use this skill?




Source link

An-88-year-old-worked-5-days-a-week-at-a-supermarket.jpeg

An 88-year-old worked 5 days a week at a supermarket. Then strangers raised almost $2 million so he could finally retire.

by with No Comment Xpandfy

Before December, Ed Bambas was among the sizable swath of older Americans still working with retirement nowhere in sight. Then, he met content creator Samuel Weidenhofer.

Weidenhofer, who has 12 million followers across social media, set up a GoFundMe fundraiser for Bambas on Monday to help him leave his job at a Detroit supermarket and retire.

“I’m opening a fundraiser to help Ed live the life he deserves to finally give him some relief, comfort and the peace of mind that comes from knowing he can enjoy his later years without constant struggle,” Weidenhofer wrote on GoFundMe.

The fundraiser had a $1 million goal. As of Sunday, over 65,000 people have donated, reaching a total of almost $2 million.

In a video shared to Weidenhofer’s social media accounts, Bambas said he’s an 88-year-old veteran who works at the supermarket five days a week, eight hours a day. Bambas said he retired from General Motors in 1999, but lost his pension after the company went bankrupt in 2009.

Bambas told Weidenhofer that his wife, who died seven years ago, had been sick around the time his pension stopped. Without his pension, Bambas had to re-enter the workforce.

Nearly 550,000 Americans 80 and older are still working, according to 2023 US Census data.

As part of Business Insider’s “80 over 80” series, reporters interviewed nearly 200 workers over 80 — in addition to conducting surveys and receiving emails — in an effort to understand why.

While some older Americans are driven by a personal desire to work, others take on jobs to combat financial insecurity. Some workers over 80 told Business Insider that they use their income to supplement their Social Security and other retirement payments. They fear that without the income, they can’t afford the cost of living.

Weidenhofer shared a video of Bambas receiving his GoFundMe check on Friday.

“It’s something dreams are made of,” Bambas said in the video.

Bambas also thanked everyone who donated to the fundraiser.

“I cannot express in any words how thankful I am to all the people,” he said.




Source link