Retire at 70? I Would Rather Die

That 150% premium I refuse to pay for a nicer, but unnecessary apartment, gets invested in stocks each month. In fact, before I touch my money, the IRS gets XX% of it, a regular savings account gets XX% of it, IRAs get XX% of it, taxable investments get XX% and the rest goes toward expenses, fun and more saving and investing.

I am banking on companies such as T. Rowe Price(TROW) , Time Warner(TWX) , Intel(INTC) and BCE(BCE) to fund my retirement, even though I will likely never work a day in my life for any of them.

Now more than ever, our connected, on-demand society requires patience. The ability to distinguish between wants and needs could also help quite a bit. The generic skip the morning latte advice might be the best generic advice popular summaries of research studies provide. Throw in a muffin and that's five bucks a day, seven days a week.

That's $140 a month that you're paying Starbucks(SBUX) when it should be paying you.

Sounds idealistic to some, but it's a heck of a lot more empowering than throwing your hands up and extending your work life any longer than you want to. After all, you have a better chance of enjoying whatever money you have when you're in your 50s and 60s than you do in your 70s and 80s.

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At the time of publication, the author was long BCE, INTC and TWX.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.