Richard Branson: 'I Don't Believe That Retirement Should Be the Goal' The self-made billionaire could retire at the drop of a dime -- but retirement is the last thing on the 66-year-old's mind.

By Kathleen Elkins

This story originally appeared on CNBC

Helga Esteb | Shutterstock
Richard Branson

Since leaving school at age 16 to start his first business, Virgin Group founder Richard Branson has overseen hundreds of companies and accumulated a fortune of approximately $5 billion.

The self-made billionaire could retire at the drop of a dime -- but retirement is the last thing on the 66-year-old's mind.

"I don't believe that retirement should be the goal," he wrote in a recent blog post.

Branson's perspective is inspired by British philosopher Alan Watts, who discouraged people from thinking of life as a journey. A journey implies a destination or some sort of arrival -- but no epic "thing" is coming in life, Watts said.

"He explains that traditional systems of education have skewed the meaning of life (towards arriving at a destination) by placing too much importance on progressing through school and college to a career," Branson wrote. "And makes his point by saying that far too many people live to retire and therefore cheat themselves of an exciting existence."

That's why Branson doesn't think retirement should be the goal. "Instead, I think happiness should be," he wrote.

"I've never thought [of] work as work and play as play; to me, it's all living and learning. The way I see it, life is all about striving and growing. I never want to have made it; I want to continue making it!"

Kathleen Elkins is an editorial intern at Business Insider, covering strategy and careers.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

I've Made Hundreds of Thousands of Dollars With a Fun Side Hustle — And You Might Have Seen Me Doing It on TV

Phil Schraeder, CEO at GumGum Advertising, turned a childhood passion into a lucrative side gig.

Money & Finance

BOI Reporting Requirements Changed Yet Again — Do You Need to File By the New March Deadline? Find Out Here.

The BOI filing requirement has changed for yet another time. Here's a detailed perspective and history on BOI along with a timely guide for business owners who want to ensure they comply on time and save themselves hundreds of dollars in daily fines.

Leadership

7 Steps to Building a Smart, High-Performing Team

Here's the ultimate guide to structuring, training and retaining a winning team.

Business News

Microsoft Is Shutting Down Skype After 20 Years: 'A Big, Big Moment'

Microsoft is encouraging Skype users to connect through Teams instead.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Codie Sanchez's Contrarian Thinking Announces the Appointment of Marc Hustvedt, Former MrBeast President

Hustvedt will serve as President of the hugely popular financial education and empowerment media company.