Victory Lap Retirement – My Take

front cover of book

TITLE: Victory Lap Retirement
AUTHOR NAME: Mike Drak/ Jonathan Chevreau
AUTHOR CREDENTIALS: Michael is a thirty-eight year veteran of the financial services industry and Jonathan is a columnist and financial blogger at and
GENRE: Retirement Planning
PUBLICATION DATE: October 10 2016

"The rules of retirement have changed and there's more at risk than ever. People are living longer and have to finance as many years in retirement as they had in their entire working career. So what will thirty or forty years, or more, in retirement look like for you? The old idea of full-stop retirement—going from 100 per cent work mode to 100 per cent leisure mode—is now neither sustainable nor desirable. Besides, many studies have shown that those who stay engaged, challenged, and stimulated stay healthier and live longer."

Who is this book for?

This book is for people looking for a blueprint to enhance life financially, emotionally, intellectually, physically and spiritually. It will provide you with tips, techniques and secrets that can transform a boring traditional retirement into an exciting one.

What's inside

Chapter 1 - Rethinking Retirement

Chapter 2 - Welcome to the Corporate Jungle

Chapter 3 - Findependence: The Cornerstone of Victory Lap Retirement

Chapter 4 - The Seven Eternal Truths of Financial Independence

Chapter 5 - Victory Lap Retirement

Chapter 6 - Create a Life from Which You Don't have to Retire

Chapter 7 - Goal Setting and The Pursuit of Happiness: Are You Aligned?

Chapter 8 - Time as a Resource: Every Day Matters

Chapter 9 - Health is Wealth

Chapter 10 - Spiritual Health

Chapter 11 - The Final Chapter: How Would You Like Yours to Read?

My take

I've read a ton of financial planning, retirement planning and investing books in my lifetime. My bookshelf is filled to the point that my wife says, "Stay off Amazon!". I love personal finance books, what can I say. I also subscribe to Moneysense and Moneysaver magazines which are focused on Canadians.

It all started with the Wealthy Barber by David Chilton and then Building Wealth by Gordon Pape that started me on my quest to deepen my knowledge of saving, investing and planning for the future.

Now that I'm retired I'm really focused on my health and staying active by working out and skiing. I really don't have much time for anything other than doing that and blogging on matters of personal finance. It is my passion. Part of this book is on exactly that, finding something and doing those things in life that excite you.

This book will inspire you to not only find things in your life that excite you to get out of bed in the morning, but also to do them while you're still working. I know that sounds crazy, right? When you read the foreword by Ernie Zelinski who first brought a lot of these ideas to the attention of thousands years ago, you realize there is a lot to 'the new retirement', 'unretirement' and 'findependence'.

These are all words that now redefine our conventional thinking on what retirement is now and should be as we go through it. This the stage most boomers find themselves in and I would say this is not your grandfather's retirement.
We're living longer and spending 30+ years in retirement. What do you want it to look like? It should be the most exciting time of your life. Especially if you love your job or business,  you don't have to retire from it. Keep living and working and enjoy it. Quite simply, do what you want to when you want to do it!

This really defines what this book is all about. In my case after a 20 year career in the military, I never really found a job I enjoyed. I worked because I had to and definitely not because I wanted to. No, I found myself stuck on that work slave treadmill of life so many find themselves on.

With proper planning and direction from this book, you will find yourself taking your own Victory Lap after working and be able to enjoy a retirement full of fun and rewards.

My favourite passages

As I read through any book I like to highlight passages that really catch my eye and stop me to think about what I just read. Here are some from this book that had me thinking more about my own retirement and how I can put some of these suggestions into practice:

from page# 19 - "Even in retirement you will still need to get up each day, put clothes on, and find interesting, satisfying, and meaningful activities to fill the day. This period of your life could potentially last longer than the entire time you spent working, so you'd better think of some good ways to make your days challenging, stimulating and rewarding.

from page # 35 - "It's crazy to stay in a job that no longer satisfies you, forever living with the fear of one day being forced out and being replaced by a younger, cheaper model."


from page #63-80 - The 7 eternal truths of financial independence are mapped out. This is worth the price of the book itself. A must read to get your financial house in order and enjoy retirement.

from page #85-86 - "People need to stop spending so much time worrying about making more money and worrying about retirement. Instead we should be focusing our efforts on making a great life while we still have the time."

from page #109 - If you're still in your primary career it's a good idea to consider starting a side business or perhaps monetizing a hobby.

from page# 131 - "A useful exercise is to list all the bad things that could happen if you don't change the bad habits, then list all the good things that will occur if you make the required changes. When you start with the end in mind, it's easier to analyze each choice closely and make the smart choice so you can achieve your goals."

from page #141 - "there is really but one day, don't waste it."

from page #161 - "Instead of thinking about money all the time (as a payback for your time), think about how good you will feel when you help someone, and try to have fun whether or not you can cut an invoice at the end of the activity."

from page # 173 - "Whether you are working full-time or not, mindfulness is a powerful tool for nurturing a positive attitude, honing your focus, and creating overall well-being."

from page # 196 - "Your plan should be to squeeze out every last remaining ounce of life that you can."


I haven't yet reached my own 'sudden retirement syndrome' just yet. Maybe I will yet who knows. All of the advice dispensed here to achieve your own level of 'findependence' is as good as it gets from any book on financial or retirement planning.

I always thought to have a happy, healthy and secure retirement you had to STOP working. You will learn here that you don't. You have many choices here that do not include boredom. Most people are bored in retirement. My brother-in-law retired in July and he tells me he's bored stiff after he goes for his morning walk.

What will you do with all the time you will have left? This book will give you those answers and more.​

Other books recommended from within

Throughout this book Mike and Jon reference other materials used to shape the way this was put together. In particular How to Retire Happy, Wild and Free by Ernie Zelinski. I read it years ago and it is another must read book on retirement without all the financial jargon.

The other fantastic book that is talked about more than once is Your Money or Your Life by Vicki Robin. I read it years ago and it really helped me understand how important it is to think of work as energy spent and how much life energy we spend working to get and accumulate our stuff.


Work While You Play. Play While You work.

The Joy of Financial Any Age​

15 thoughts on “Victory Lap Retirement – My Take

  1. Hi,
    Well I happen to be a fan of personal finance too and I also blog. I found your book review quite interesting and insightful; I also like reading as you say you do. I have stacks and stacks of book in my house. I have started revisiting them one by one to see if they could help me in my writing journey.
    I enjoyed this review and I am tempted to visit Amazon to check out this book.

    It’s great also that you include some personal experiences and examples that make reading this review more interesting.

  2. Peter, great article. I like how you have slightly distanced yourself from the plethora of websites out there that want you to make money etc. You put your money where your mouth was, and I greatly admire that.
    Obviously my past has meant I kinda screwed up any finances, hence looking to “invest” in myself via WA!.
    Looking forward to hearing more from you soon.

  3. I agree totally. SO many people retire and then don’t know what in the world to do with themselves! They get up in the morning, read the paper, listen to the news, take a walk, then do the whole thing all over again — take another walk, read the next paper, etc. You need something to look forward too!

  4. Great review! I love personal finance too! As a health coach, I include it in ‘self care’. I have so many books I need to read, but you know what, based on your review, I think I need this one too!

    • You are most welcome and thanks again for allowing me to review your book. I find myself learning so much in my own retirement. I’m just glad I made it, my Dad is getting ready to turn 87 so I’m at least planning for that.

  5. Hi Peter,
    This is a very interesting review, I’m not approaching retirement age yet but none the less I do think about it a lot. I have started a website based around my hobby. I am looking to monetise it and hopefully develop it into a business to run as my side hustle. After reading your review I’m considering buying this book to fine tune my attitude and approach to personal finance.
    Thank you,

  6. When my late Dad retired, I witnessed him from working full time to total retirement, and not knowing what to do with his life. Plus, he never planned his finances well. So he ended up not really enjoying his retirement. I learned from that, and am determined to plan well, have strong financial status, have financial freedom, and never really retiring. Instead, to continue to earn, be healthy, weathy, wise, and live well.

    So thank you for this article and introduction to this book. It is definitely worth buying and reading. For me, I feel I will learn more from this book to help me achieve my goal of wealth. And I feel it is also very suitable for everyone. Thanks again, Peter! 🙂

    • Thanks Timotheus and thanks for sharing that story about your Dad. I’m happy to hear that your retirement will be so different than his. I think this book will serve as a great guide for you to achieve those goals. All the best to you:)

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