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re: How'd life change when financially you no longer needed to work
Posted on 6/27/23 at 2:49 pm to Gee Grenouille
Posted on 6/27/23 at 2:49 pm to Gee Grenouille
quote:
How'd life change when financially you no longer needed to work
Thing’s definitely got simpler, but the prison sex took a little getting used to.
0
Posted on 6/27/23 at 2:53 pm to dandyjohn
quote:
So to me, not having debt hasn't really changed my life at all other than showing me I may be able to retire ... some day.
That's because you aren't really out of debt
Posted on 6/27/23 at 2:54 pm to Gee Grenouille
I worked for very wealthy folks for years on a personal basis. I sometimes asked them why they keep working.
The most common answer I got was like Trump said.
The Art of the Deal.
Most of them worked all their lives and never really had any hobbies...work was their hobby.
Screw that..
2 years after I hit Debt Free I quit...
It gets a bit boring sometimes but it sure is nice to wake up at 5 am and go screw it..I'll just lay here and relax for a bit.
The most common answer I got was like Trump said.
The Art of the Deal.
Most of them worked all their lives and never really had any hobbies...work was their hobby.
Screw that..
2 years after I hit Debt Free I quit...
It gets a bit boring sometimes but it sure is nice to wake up at 5 am and go screw it..I'll just lay here and relax for a bit.
Posted on 6/27/23 at 2:55 pm to JayDeerTay84
quote:meh, that’s only 200k
Sorry baw, but if you are really in the top 5% of earners, you shouldn't be questioning whether or not you "may" be able to retire if you are really debt free minus your home.
Posted on 6/27/23 at 2:55 pm to Gee Grenouille
It's fricking awesome. My wife and I travel a ton. When I'm at home, I do whatever I want, when I want. I fish 5 days a week unless the wweather/wind doesn't cooperate.
Also, I don't have to answer to anyone on the planet, except at times the wife. I can tell anyone or any entity to kiss my arse and it doesn't matter.
Total financial security is liberating, especially at a relatively young age (I'm in my late 40s). Zero debt including house, 4 vehicles and all of our recreational toys. E
Also, I don't have to answer to anyone on the planet, except at times the wife. I can tell anyone or any entity to kiss my arse and it doesn't matter.
Total financial security is liberating, especially at a relatively young age (I'm in my late 40s). Zero debt including house, 4 vehicles and all of our recreational toys. E
This post was edited on 6/27/23 at 3:11 pm
Posted on 6/27/23 at 2:58 pm to Turner River Terror
I'd retire from the rat race tomorrow if I was able to, but I'd find something to do. Maybe work part time and pursue hobbies.
Posted on 6/27/23 at 3:02 pm to Gee Grenouille
quote:
How'd life change when financially you no longer needed to work
a lot less stress but at the same time there is a lot of frustration as you have more free time to see whats going on around you.
politics will give you ulcers so dont even pay any attention to it if you want to enjoy your free time
This post was edited on 6/27/23 at 3:32 pm
Posted on 6/27/23 at 3:07 pm to Gee Grenouille
My wife makes more than enough to support our household. My goal is to create a business that will create generational wealth.
Posted on 6/27/23 at 3:08 pm to GreatLakesTiger24
quote:its $250K in most states and to be in the top 5% and "meh" would suggest less than 5% of the US retires. Which you know, is also absurd.
meh, that’s only 200k
What people do is rationalize bad financial decisions.
Even if we bump down to your $Meh $200k, you are a moron if you make that and cant find a way to retire or at the very least, live a life on your own terms. Straight up.
This post was edited on 6/27/23 at 3:09 pm
Posted on 6/27/23 at 3:08 pm to fallguy_1978
We have no debt so we pretend retired. Work from home. Swim most days at lunch. It rained today so my husband watched a soccer game. We travel a lot to see grand children, sporting events, and nature.Trying to figure out how much income we need to do what we want. Keep working for medical insurance now.
Posted on 6/27/23 at 3:08 pm to Gee Grenouille
Travel, grandkids, consult.
Posted on 6/27/23 at 3:11 pm to dandyjohn
I’m guessing you also run a 4.2 40 and bang OT 10’s each day at work
Posted on 6/27/23 at 3:13 pm to madamsquirrel
I think I'd get bored not having anything to do. I always thought I'd enjoy working at a gun shop part time 
I've enjoyed my career but I'd be lying if I said I wouldn't walk away from it tomorrow after 25 years if money, health insurance were of no concern.
I've enjoyed my career but I'd be lying if I said I wouldn't walk away from it tomorrow after 25 years if money, health insurance were of no concern.
Posted on 6/27/23 at 3:17 pm to dandyjohn
quote:I don’t have a mortgage, I paid off the house 6 years ago. It’s likely that I’m older than you however paying off your mortgage is not and should not be considered an unattainable goal.
Do you include your mortgage as debt? That's a big question. If you do, most people will virtually never be out of debt.
Posted on 6/27/23 at 3:18 pm to Gee Grenouille
Just arrived. Will let you know in a few months
Posted on 6/27/23 at 3:30 pm to El Segundo Guy
quote:
It's fricking awesome. My wife and I travel a ton. When I'm at home, I do whatever I want, when I want. I fish 5 days a week unless the wweather/wind doesn't cooperate.
Also, I don't have to answer to anyone on the planet, except at times the wife. I can tell anyone or any entity to kiss my arse and it doesn't matter.
Total financial security is liberating, especially at a relatively young age (I'm in my late 40s). Zero debt including house, 4 vehicles and all of our recreational toys. E
This. Plus I will add that when I retired 3 years ago it felt like I just got out of prison. I was so sick of being a slave to my career. It's so easy to make new friends instead of feeling like you need to work for social interaction.
Posted on 6/27/23 at 3:34 pm to geauxbrown
quote:
Just arrived. Will let you know in a few months
I am here. I am planning on starting a family foundation. I am going to fund it myself with a few family members investing as well. I'm going to manage the funds myself and distribute funds to charitable giving myself. I am finding out that it will be more work than the profession I just left in medicine, but it's nice. I like moving money around to avoid taxes.
Posted on 6/27/23 at 3:34 pm to Gee Grenouille
I’d have to ask my wife….
Posted on 6/27/23 at 3:49 pm to Gee Grenouille
Mid 40s, no debt, no kids…just utility bills. Food. and entertainment. I could scale back but make a shite ton of money at a low demanding job. Maybe when I’m 50 I’ll think about working at a golf course, but too young to give up easy money at this point.
Unless you’re just old, disabled, or unhealthy you have to keep doing something. I took a month off recently and it was great for about a week, but I need somewhere to go on occasion to feel worth anything.
Unless you’re just old, disabled, or unhealthy you have to keep doing something. I took a month off recently and it was great for about a week, but I need somewhere to go on occasion to feel worth anything.
This post was edited on 6/27/23 at 4:03 pm
Posted on 6/27/23 at 3:54 pm to Gee Grenouille
If you would need to work at the local hardware store then you still need to work. Maybe you don’t need your current salary anymore but you clearly need something coming in.
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