Was shooting for $3MM at 60. Might make it by 62.
Is your main drive to work truly to live longer? If not, do you identify yourself by your work or simply enjoy working?GE said:
There is no number because I have no intention of retiring early. If anything it would be something along the lines of making a few million then either quitting and going into business for myself or pursuing a more directly impactful or interesting line of work.
Retire early, die early.
Boats 'n' hoes ain't going to just magically buy themselves.The Original AG 76 said:
One of the most common topics us old retired folks talk about at our geriatric-fests is..........
" I never realized how little money I really spend now. If I would have known this at age { fill in the blank..usually 5-6 years before they really retired} I would have quit a lot sooner. "
Of course there are some minimums and life styles to consider but , in reality do you really need to work ( at a job you probably are sick to death of by now) those extra years to add in another $xxx,xxx to the account ? PLEEEEEASE remember that once you hit your 60's a NORMAL guy ( not a Jack LaLanne freak) has about 15 MAYBE 20 years left to do whatever it is that he wants. An honest look at your older friend and relatives will show that by age 75ish , maybe a bit older, you no longer see the desire to travel, epic hunts or fishing expeditions, golf daily whatever.....you really dont buy that much. what ANOTHER car , giga screen TV, clothes ..nope. Health care sure but , unlike the scare crap and sensational idiocy you read or hear, medicare plus supplement does a pretty good job. Sure for the 1% who gets some rare cancer or malady it may be uber expensive but for damn near everyone I have ever known the last 10 years or so of end of life have NOT been the financial catastrophy we are constantly warned about.
In short...retire as soon as possible and be reasonable about your $$ needs. DO NOT trade precious years for $$$$ that you will never spend.
At one time..in a time long long ago in a land far far away....I USED to admire the guys who worked well into the golden years and spewed all the stuff about retire early die early..dedication to work, we live to work, blah blah blah....12thAngryMan said:Is your main drive to work truly to live longer? If not, do you identify yourself by your work or simply enjoy working?GE said:
There is no number because I have no intention of retiring early. If anything it would be something along the lines of making a few million then either quitting and going into business for myself or pursuing a more directly impactful or interesting line of work.
Retire early, die early.
boats maybe but HOES !!! You obviously dont know much bout getting OLD !!!! There is a great truism about memory is the SECOND thing to GO !!!!!!The Wonderer said:Boats 'n' hoes ain't going to just magically buy themselves.The Original AG 76 said:
One of the most common topics us old retired folks talk about at our geriatric-fests is..........
" I never realized how little money I really spend now. If I would have known this at age { fill in the blank..usually 5-6 years before they really retired} I would have quit a lot sooner. "
Of course there are some minimums and life styles to consider but , in reality do you really need to work ( at a job you probably are sick to death of by now) those extra years to add in another $xxx,xxx to the account ? PLEEEEEASE remember that once you hit your 60's a NORMAL guy ( not a Jack LaLanne freak) has about 15 MAYBE 20 years left to do whatever it is that he wants. An honest look at your older friend and relatives will show that by age 75ish , maybe a bit older, you no longer see the desire to travel, epic hunts or fishing expeditions, golf daily whatever.....you really dont buy that much. what ANOTHER car , giga screen TV, clothes ..nope. Health care sure but , unlike the scare crap and sensational idiocy you read or hear, medicare plus supplement does a pretty good job. Sure for the 1% who gets some rare cancer or malady it may be uber expensive but for damn near everyone I have ever known the last 10 years or so of end of life have NOT been the financial catastrophy we are constantly warned about.
In short...retire as soon as possible and be reasonable about your $$ needs. DO NOT trade precious years for $$$$ that you will never spend.
So if I don't have to save for HOES, then that really accelerates my retirement age. My wife will be happy to hear this.The Original AG 76 said:
boats maybe but HOES !!! You obviously dont know much bout getting OLD !!!! There is a great truism about memory is the SECOND thing to GO !!!!!!
GE said:
There is no number because I have no intention of retiring early. If anything it would be something along the lines of making a few million then either quitting and going into business for myself or pursuing a more directly impactful or interesting line of work.
Retire early, die early.
jeffdjohnson said:
50 year supply of bulk Ramen Noodles = 25k
Tiny House = 30k
2 acres of rural land = 5k
Solar panels, dig a well, miscellaneous = 10k
FIRE = 70k
Fair enough and this is what I meant. In conversation I hear a lot of people talk about retirement as a lot of golf, vacation, and spending time with loved ones, but that's no long term solution.FrioAg 00 said:GE said:
There is no number because I have no intention of retiring early. If anything it would be something along the lines of making a few million then either quitting and going into business for myself or pursuing a more directly impactful or interesting line of work.
Retire early, die early.
I have a version of this, I just refer to it as retirement. I have zero intention of sitting around and watching the grass grow once I stop selling my time for money.
Those that struggle to replace "work" with meaningful engagement and interaction often do so because they wait until they are "old" before attempting it. At 50 I believe pretty firmly I'll have a lot of interesting and meaningful things to pour my time into (including about 16 grandkids)
ummmmmm..yes it IS !GE said:Fair enough and this is what I meant. In conversation I hear a lot of people talk about retirement as a lot of golf, vacation, and spending time with loved ones, but that's no long term solution.FrioAg 00 said:GE said:
There is no number because I have no intention of retiring early. If anything it would be something along the lines of making a few million then either quitting and going into business for myself or pursuing a more directly impactful or interesting line of work.
Retire early, die early.
I have a version of this, I just refer to it as retirement. I have zero intention of sitting around and watching the grass grow once I stop selling my time for money.
Those that struggle to replace "work" with meaningful engagement and interaction often do so because they wait until they are "old" before attempting it. At 50 I believe pretty firmly I'll have a lot of interesting and meaningful things to pour my time into (including about 16 grandkids)
I dont see it but based on your handle you might be there so fair enough. I'm 30 and work a job where I could realistically retire at 45 or 50 and be fine, but sitting here now dont think that would be good for me. I've always found accomplishing something difficult more meaningfully engaging than most of that other stuff.The Original AG 76 said:ummmmmm..yes it IS !GE said:Fair enough and this is what I meant. In conversation I hear a lot of people talk about retirement as a lot of golf, vacation, and spending time with loved ones, but that's no long term solution.FrioAg 00 said:GE said:
There is no number because I have no intention of retiring early. If anything it would be something along the lines of making a few million then either quitting and going into business for myself or pursuing a more directly impactful or interesting line of work.
Retire early, die early.
I have a version of this, I just refer to it as retirement. I have zero intention of sitting around and watching the grass grow once I stop selling my time for money.
Those that struggle to replace "work" with meaningful engagement and interaction often do so because they wait until they are "old" before attempting it. At 50 I believe pretty firmly I'll have a lot of interesting and meaningful things to pour my time into (including about 16 grandkids)
I understand ..at 30 we didn't even know how to spell tirement. We actually thought we were making a difference and our work was of some long term importance or benefit of mankind or womankind or klingonkind....... Give it 35 years and I will bet you $1,000,000 cash that you will see it my way. OF course I wont be here to pay up but you can dream....GE said:I dont see it but based on your handle you might be there so fair enough. I'm 30 and work a job where I could realistically retire at 45 or 50 and be fine, but sitting here now dont think that would be good for me. I've always found accomplishing something difficult more meaningfully engaging than most of that other stuff.The Original AG 76 said:ummmmmm..yes it IS !GE said:Fair enough and this is what I meant. In conversation I hear a lot of people talk about retirement as a lot of golf, vacation, and spending time with loved ones, but that's no long term solution.FrioAg 00 said:GE said:
There is no number because I have no intention of retiring early. If anything it would be something along the lines of making a few million then either quitting and going into business for myself or pursuing a more directly impactful or interesting line of work.
Retire early, die early.
I have a version of this, I just refer to it as retirement. I have zero intention of sitting around and watching the grass grow once I stop selling my time for money.
Those that struggle to replace "work" with meaningful engagement and interaction often do so because they wait until they are "old" before attempting it. At 50 I believe pretty firmly I'll have a lot of interesting and meaningful things to pour my time into (including about 16 grandkids)
You don't think that now? And why is long term the appropriate time frame to consider? Long term is made of a stack of short term. In 200 years every one you have ever met and everyone you will ever meet will be long dead and it's highly likely very few, if any, people will even remember your name. But that doesn't mean what you did here wasn't significant. You carry the baton for your leg of the race and when you hand it off we are further down the road than when you started.The Original AG 76 said:I understand ..at 30 we didn't even know how to spell tirement. We actually thought we were making a difference and our work was of some long term importance or benefit of mankind or womankind or klingonkind....... Give it 35 years and I will bet you $1,000,000 cash that you will see it my way. OF course I wont be here to pay up but you can dream....GE said:I dont see it but based on your handle you might be there so fair enough. I'm 30 and work a job where I could realistically retire at 45 or 50 and be fine, but sitting here now dont think that would be good for me. I've always found accomplishing something difficult more meaningfully engaging than most of that other stuff.The Original AG 76 said:ummmmmm..yes it IS !GE said:Fair enough and this is what I meant. In conversation I hear a lot of people talk about retirement as a lot of golf, vacation, and spending time with loved ones, but that's no long term solution.FrioAg 00 said:GE said:
There is no number because I have no intention of retiring early. If anything it would be something along the lines of making a few million then either quitting and going into business for myself or pursuing a more directly impactful or interesting line of work.
Retire early, die early.
I have a version of this, I just refer to it as retirement. I have zero intention of sitting around and watching the grass grow once I stop selling my time for money.
Those that struggle to replace "work" with meaningful engagement and interaction often do so because they wait until they are "old" before attempting it. At 50 I believe pretty firmly I'll have a lot of interesting and meaningful things to pour my time into (including about 16 grandkids)
GE said:You don't think that now? And why is long term the appropriate time frame to consider? Long term is made of a stack of short term. In 200 years every one you have ever met and everyone you will ever meet will be long dead and it's highly likely very few, if any, people will even remember your name. But that doesn't mean what you did here wasn't significant. You carry the baton for your leg of the race and when you hand it off we are further down the road than when you started.The Original AG 76 said:I understand ..at 30 we didn't even know how to spell tirement. We actually thought we were making a difference and our work was of some long term importance or benefit of mankind or womankind or klingonkind....... Give it 35 years and I will bet you $1,000,000 cash that you will see it my way. OF course I wont be here to pay up but you can dream....GE said:I dont see it but based on your handle you might be there so fair enough. I'm 30 and work a job where I could realistically retire at 45 or 50 and be fine, but sitting here now dont think that would be good for me. I've always found accomplishing something difficult more meaningfully engaging than most of that other stuff.The Original AG 76 said:ummmmmm..yes it IS !GE said:Fair enough and this is what I meant. In conversation I hear a lot of people talk about retirement as a lot of golf, vacation, and spending time with loved ones, but that's no long term solution.FrioAg 00 said:GE said:
There is no number because I have no intention of retiring early. If anything it would be something along the lines of making a few million then either quitting and going into business for myself or pursuing a more directly impactful or interesting line of work.
Retire early, die early.
I have a version of this, I just refer to it as retirement. I have zero intention of sitting around and watching the grass grow once I stop selling my time for money.
Those that struggle to replace "work" with meaningful engagement and interaction often do so because they wait until they are "old" before attempting it. At 50 I believe pretty firmly I'll have a lot of interesting and meaningful things to pour my time into (including about 16 grandkids)
you are absolutely correct. I hope you continue to pursue your dreams and work hard...your drive and dedication is what makes things work. At 30, if you are to be successful,it is vital that you strive for excellence and wake up every day driven to make a difference and a significant contribution to our world...seriously
See me in 35 years
got me thinking ..SW AG80 said:
I am glad this conversation picked back up. As I grow older, I agree with what Original Ag has said. I am looking at the financial aspect a little differently. I will retire 2 years from this month, at the age of 63, with a net monthly income of about $14,000. This is without touching any of our retirement accounts until the tax code says we have to. We will still be paying a small mortgage on our gameday house in Aggieland but will have built debt free (I believe) our retirement home on the Guadalupe River.
We plan on traveling a lot while we can. Hopefully we will have 10-12 years of good health that will allow us to travel. As I hit 60 I quit living for work and now am limping to the finish line. There are lots of things we want to see and do in this life that a work schedule does not allow. I am ready for this next stage of life.