This is true wisdom. It's a worn out saying, but no-one on their deathbed looks back and says, "I wish I'd worked more." Much better to be surrounded by the children you lovingly raised.
This is a bit off-topic, but I've read a few stories that contradict this on the /r/financialindependence subreddit [1]. I can't find the link now, but there was a person who asked their Dad if they had any regrets. Their Dad said that they wished they hadn't retired so early, and that they had spend more time working. They enjoyed their job and they missed feeling useful and having a sense of purpose. I think it's common for people to quit their jobs too early and lose their sense of purpose, and it's even linked to a 20% higher mortality rate when you're 60+ [2].
Of course family is more important and you should spend as much time as possible with your children. But I was just surprised to learn that some people really do say "I wish I'd worked more" on their deathbed (or in their old age.)
[1] https://www.reddit.com/r/financialindependence
[2] https://www.marketwatch.com/story/retiring-early-could-kill-...
It's one thing for people who regret stopping to work, because they put too much of their life's meaning into work. Or maybe because their work was truly meaningful (although that seems to be pretty rare).
Sounds like their real regret is that they didn't learn how to find enough meaning outside of work during retirement, rather than the fact they stopped working.
my wish would be to not be in a deathbed ;)