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re: Man retires at age 37

Posted on 5/5/14 at 10:25 am to
Posted by Salmon
On the trails
Member since Feb 2008
83556 posts
Posted on 5/5/14 at 10:25 am to
quote:

I don't want to live off 10k while not working


damn son, your high maintenance

My Dad is about to retire. He has his garden, his woodworking shop, his property, his boat (freshwater), his grandkids, and he and my mom plan to take long road trips. Not a bad or boring life.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32442 posts
Posted on 5/5/14 at 10:26 am to
Wake up, go to coffee shop and have coffee with friends. Go home for lunch. Go play cards at bar with friends. Go home and cook supper. Watch the news. Travel whenever you want. Occasionally cook meals for large parties (political gatherings and such). Go to horse races.

Sounds like a pretty good gig to me.
Posted by CAD703X
Liberty Island
Member since Jul 2008
78036 posts
Posted on 5/5/14 at 10:26 am to
yeah i agree, this thread is split into 2 topics

1. if you had unlimited income and didnt have to work, would you just stay home & play with your kids at 37?

2. is work necessary to lead a fulfilling life or could you be as fulfilled spending every day tooling around the house or traveling or just obsessing with hobbies
Posted by GaryMyMan
Shreveport
Member since May 2007
13498 posts
Posted on 5/5/14 at 10:27 am to
quote:

I couldn't imagine not doing anything with my life.

What do you do for a living that is so fulfilling? Most of us work for other people and only do so to collect a pay check. The guy was a lawyer for the NYC Taxi Commission - he wasn't a fishing boat captain or anything else I would consider enjoyable.

If I were him I would still take the odd case or do pro bono work to stay sharp, but to say he's not "doing anything with his life" is pretty inaccurate.
Posted by LNCHBOX
70448
Member since Jun 2009
84081 posts
Posted on 5/5/14 at 10:27 am to
quote:

damn son, your high maintenance

My Dad is about to retire. He has his garden, his woodworking shop, his property, his boat (freshwater), his grandkids, and he and my mom plan to take long road trips. Not a bad or boring life.


Seriously. $10k is a boatload of money to spend in a month IMO. Unless you want to be doing offshore trips every day, I don't see how you spend it.
Posted by Salmon
On the trails
Member since Feb 2008
83556 posts
Posted on 5/5/14 at 10:28 am to
quote:

1. if you had unlimited income and didnt have to work, would you just stay home & play with your kids at 37?


yes and I would enjoy the hell out of it

quote:

2. is work necessary to lead a fulfilling life or could you be as fulfilled spending every day tooling around the house or traveling or just obsessing with hobbies


definitely the latter

I feel like the people that have to have work are just boring people...
Posted by yellowfin
Coastal Bar
Member since May 2006
97632 posts
Posted on 5/5/14 at 10:28 am to
My dad did retire


They're now paying him 2k a day as a consultant to come back
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/5/14 at 10:29 am to
Does he need a sidekick?
Posted by Salmon
On the trails
Member since Feb 2008
83556 posts
Posted on 5/5/14 at 10:31 am to
quote:

They're now paying him 2k a day as a consultant to come back


yeah my old boss was the same

he "retired" but they still paid him to stay around because of all his client contacts and relationships

he would leave his giant house on Toledo Bend about once a week to take some clients out to lunch or dinner

not such a bad life either
Posted by CAD703X
Liberty Island
Member since Jul 2008
78036 posts
Posted on 5/5/14 at 10:32 am to
quote:

Seriously. $10k is a boatload of money to spend in a month IMO.


didnt you just get married?

try living a 'normal' life with 2-3 vehicles, private school for all your kids, big house/mortgage and utility bills.

if you eat out, buy alcohol or wine, travel with the SO once or twice or month or with the kids..

it goes fast..
This post was edited on 5/5/14 at 10:33 am
Posted by yellowfin
Coastal Bar
Member since May 2006
97632 posts
Posted on 5/5/14 at 10:32 am to
quote:

Seriously. $10k is a boatload of money to spend in a month IMO. Unless you want to be doing offshore trips every day, I don't see how you spend it.


I had the day off Saturday:

$150 at golf course after green fees, cart, beer, etc

$70 lunch(paid for me and friend)

Lost $200 on derby

Probably burned half a tank of diesel $50

Multiply that times 30 days in a month.
Posted by dnm3305
Member since Feb 2009
13568 posts
Posted on 5/5/14 at 10:33 am to
quote:

i can't say i wouldnt enjoy having 2-3 uniterrupted hours every day to do this, but there's still alot of day to be covered.


playing/recording music
lifting weights
woodworking
beer brewing
cooking
hunting
landscaping
gardening
traveling
adrenaline rush hobbies

Yea, I think I can find stuff to do to occupy my time.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119112 posts
Posted on 5/5/14 at 10:34 am to
He and his wife were both Lawyers. Should have retired at 30.
Posted by CAD703X
Liberty Island
Member since Jul 2008
78036 posts
Posted on 5/5/14 at 10:34 am to
quote:

Yea, I think I can find stuff to do to occupy my time.


do that every single day.

i love filet mignon. however it would get old fast if i made it every single day.
Posted by CAD703X
Liberty Island
Member since Jul 2008
78036 posts
Posted on 5/5/14 at 10:34 am to
quote:

He and his wife were both Lawyers. Should have retired at 30.


OT layin' some judgement down
Posted by yellowfin
Coastal Bar
Member since May 2006
97632 posts
Posted on 5/5/14 at 10:35 am to
quote:

Does he need a sidekick?


If he does I'm taking it
Posted by LNCHBOX
70448
Member since Jun 2009
84081 posts
Posted on 5/5/14 at 10:35 am to
quote:

didnt you just get married?

try living a 'normal' life with 2-3 vehicles, private school for all your kids, big house/mortgage and utility bills.

if you eat out, buy alcohol or wine, travel with the SO once or twice or month or with the kids..

it goes fast..


$10k after tax is a boatload of money no matter how you want to slice it. We have two vehicles, a house, some student debt, retirement accounts, and other odds and ends on not even half that.
Posted by Topwater Trout
Red Stick
Member since Oct 2010
67589 posts
Posted on 5/5/14 at 10:36 am to
quote:

My Dad is about to retire.


he is probably in his 60's though
Posted by Salmon
On the trails
Member since Feb 2008
83556 posts
Posted on 5/5/14 at 10:36 am to
quote:

do that every single day.

i love filet mignon. however it would get old fast if i made it every single day.


I do basically the same thing everyday at work

so I don't see how doing things that I actually enjoy everyday would be worse than doing something that I don't always enjoy doing everyday...
Posted by Kingpenm3
Xanadu
Member since Aug 2011
8961 posts
Posted on 5/5/14 at 10:36 am to
How can you idolize Buffet and retire at 37? Buffet works as hard now as he ever has. I have no idea why people are so obsessed with doing nothing.

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