jja79 said:
We're not that industrious.
Weren't you just in Sedona?
Yes, really liked it.
Take This Job and Shove It
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Last: 7 mo ago by Firefighter7
Yes, really liked it.
All true, except for the no prize part. The prize is that you're at retirement Disneyland. And everyone there had to bust their ass to some degree to get there. It's easy once you've made it to say "Don't work too hard" but it's harder when you're smack-dab in the middle of life with all sorts of variables and responsibilities.Quote:
Here in retirement Disneyland there is no prize for the biggest bank balance or investment portfolio. Where I'm at it's a bunch of people in golf carts with red solo cups going to the driving range or pickleball courts or pool or just meeting up for an impromptu happy hour and bull session in the street or someone's driveway. No one cares if you have the most money and it won't buy you one more minute or a less achy back. The price of time and health is much greater than money and it can't ever be gotten back
Reminds me of the Friends episode where Ross says "I guess I just don't think about money that much", to which Rachel responds "That's because you have it."
That's my current perspective. I'm weighing more money in retirement in my current job vs taking a job that's more enjoyable. I'll probably have to work for a while either way because I have a wife that's sick but I'm leaning towards it makes sense to make.the most of the time we have than plan the perfect retirement situation, especially when that time horizon is uncertain
I wonder how we'll be 'made whole'. I did the same exercise as a result of this thread and looked up what would be coming to me. Less than 10% of my current base salary, not to mention passive income.
Absent some life curveballs, I'm early 40s and on track to have work as an optional activity by 50. My first job was teaching middle school algebra, and honestly I can see myself doing that. Or buy a farm in Hawaii.
The big thing I go back and forth on is having the safety net and being able to help my children out with starting a business.
Life always throws curve ballls etc. but I want to be optional to my super high stress/risk role by 45 and fully work optional by 50. I'm still working through mentally what is enough then have to start having more serious conversations with the wife.
I want my kids to learn hard work and how to struggle but at the same time i look back on my jr/sr. year in college when I loved my land development real estate classes and wanted to go in that field but didnt have the money or backing to make that dream work so i went down the sales & trading route. It's been lucrative but I'm pretty cooked at almost 40.
I would like to be able to offfer the bank of dad to finance the first deal or business one of my kids want to do. That takes extra liquidity
Life always throws curve ballls etc. but I want to be optional to my super high stress/risk role by 45 and fully work optional by 50. I'm still working through mentally what is enough then have to start having more serious conversations with the wife.
I want my kids to learn hard work and how to struggle but at the same time i look back on my jr/sr. year in college when I loved my land development real estate classes and wanted to go in that field but didnt have the money or backing to make that dream work so i went down the sales & trading route. It's been lucrative but I'm pretty cooked at almost 40.
I would like to be able to offfer the bank of dad to finance the first deal or business one of my kids want to do. That takes extra liquidity
My plan would be to eventually get a job teaching corporate finance at a smaller college in a town in or near the mountains and hold a board seat. Something like Sonoma State or Oregon State - Cascades for the college. With those and $5MM I think I could make it work.
Buccees or HEB wouldn't be a bad part time gig for part time work that pays decently.
Driving for Uber is the perfect part-time gig for semi-retirement. Ive driven for Uber on and off for the past 7 years or so, and its a pretty easy gig where you can choose your own hours. You wont get rich doing it obviously, but its a pretty easy way to make a few hundred bucks per week and call it a day. You can work as much or as little as you want. Ive driven for Uber in CS, and it really was pretty laid back with great customers, mostly students and retirees.
The problem with the other retirement gigs mentioned on here like: Buccees, HEB, teaching, Home Depot etc, is that you still have set hours and a boss/coworkers/customers who may or may not make your life miserable. If I have to work a set schedule and have a boss, I might as well just keep working my current office job where at least I will make more money and have better benefits lol.
The problem with the other retirement gigs mentioned on here like: Buccees, HEB, teaching, Home Depot etc, is that you still have set hours and a boss/coworkers/customers who may or may not make your life miserable. If I have to work a set schedule and have a boss, I might as well just keep working my current office job where at least I will make more money and have better benefits lol.
Question: does Uber/Lyft have to specifically declare they service a geographic area before allowing drivers, or can I petition them to want to be a driver in a community not currently served by them?Petrino1 said:
Driving for Uber is the perfect part-time gig for semi-retirement. Ive driven for Uber on and off for the past 7 years or so, and its a pretty easy gig where you can choose your own hours. You wont get rich doing it obviously, but its a pretty easy way to make a few hundred bucks per week and call it a day. You can work as much or as little as you want. Ive driven for Uber in CS, and it really was pretty laid back with great customers, mostly students and retirees.
The problem with the other retirement gigs mentioned on here like: Buccees, HEB, teaching, Home Depot etc, is that you still have set hours and a boss/coworkers/customers who may or may not make your life miserable. If I have to work a set schedule and have a boss, I might as well just keep working my current office job where at least I will make more money and have better benefits lol.
If I understand your question correctly, no you cannot drive in a city/area thats not currently serviced by Uber. But Uber operates in most US cities, where would you want to drive thats not currently serviced by them?YouBet said:Question: does Uber/Lyft have to specifically declare they service a geographic area before allowing drivers, or can I petition them to want to be a driver in a community not currently served by them?Petrino1 said:
Driving for Uber is the perfect part-time gig for semi-retirement. Ive driven for Uber on and off for the past 7 years or so, and its a pretty easy gig where you can choose your own hours. You wont get rich doing it obviously, but its a pretty easy way to make a few hundred bucks per week and call it a day. You can work as much or as little as you want. Ive driven for Uber in CS, and it really was pretty laid back with great customers, mostly students and retirees.
The problem with the other retirement gigs mentioned on here like: Buccees, HEB, teaching, Home Depot etc, is that you still have set hours and a boss/coworkers/customers who may or may not make your life miserable. If I have to work a set schedule and have a boss, I might as well just keep working my current office job where at least I will make more money and have better benefits lol.
Petrino1 said:
Driving for Uber is the perfect part-time gig for semi-retirement. Ive driven for Uber on and off for the past 7 years or so, and its a pretty easy gig where you can choose your own hours. You wont get rich doing it obviously, but its a pretty easy way to make a few hundred bucks per week and call it a day. You can work as much or as little as you want. Ive driven for Uber in CS, and it really was pretty laid back with great customers, mostly students and retirees.
The problem with the other retirement gigs mentioned on here like: Buccees, HEB, teaching, Home Depot etc, is that you still have set hours and a boss/coworkers/customers who may or may not make your life miserable. If I have to work a set schedule and have a boss, I might as well just keep working my current office job where at least I will make more money and have better benefits lol.
Yes but on the Buccees, HEB, Home Depot type jobs you are in control and can say eff this I'm out and find something else if you don't like it. The key is to have money put back where this is a job for spending or supplemental money and staying active. Working an hourly job after a career can be appealing because you can easily leave the work there when you clock out. Easier to mentally turn it off and less stress.
AgOutsideAustin said:Petrino1 said:
Driving for Uber is the perfect part-time gig for semi-retirement. Ive driven for Uber on and off for the past 7 years or so, and its a pretty easy gig where you can choose your own hours. You wont get rich doing it obviously, but its a pretty easy way to make a few hundred bucks per week and call it a day. You can work as much or as little as you want. Ive driven for Uber in CS, and it really was pretty laid back with great customers, mostly students and retirees.
The problem with the other retirement gigs mentioned on here like: Buccees, HEB, teaching, Home Depot etc, is that you still have set hours and a boss/coworkers/customers who may or may not make your life miserable. If I have to work a set schedule and have a boss, I might as well just keep working my current office job where at least I will make more money and have better benefits lol.
Yes but on the Buccees, HEB, Home Depot type jobs you are in control and can say eff this I'm out and find something else if you don't like it. The key is to have money put back where this is a job for spending or supplemental money and staying active. Working an hourly job after a career can be appealing because you can easily leave the work there when you clock out. Easier to mentally turn it off and less stress.
How much does the HEB, Joke Depot, Buccess type jobs pay and do they have insurance? Are we talking something like stocking the shelvles?
Not sure but some of the Buccees have signs out front. Think there is insurance and like $22 per hour for basic jobs if I remember. Not sure if insurance is available for part timers.
AgOutsideAustin said:
Not sure but some of the Buccees have signs out front. Think there is insurance and like $22 per hour for basic jobs if I remember. Not sure if insurance is available for part timers.
I would be looking for full time, about 36K a year with insurance. I guess that's about my low end where thr numbers work, pay my piece of the bills and have insurance in case wife suddenly can no longer work
I would love to do one of three things or a combination thereof
1) start and coach a multi sport team at my high school
2) coach golf at my high school
3) teach personal finance and college prep at my high school
1) start and coach a multi sport team at my high school
2) coach golf at my high school
3) teach personal finance and college prep at my high school
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I'd still do Home Depot over Buc-ee's.
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Petrino1 said:If I understand your question correctly, no you cannot drive in a city/area thats not currently serviced by Uber. But Uber operates in most US cities, where would you want to drive thats not currently serviced by them?YouBet said:Question: does Uber/Lyft have to specifically declare they service a geographic area before allowing drivers, or can I petition them to want to be a driver in a community not currently served by them?Petrino1 said:
Driving for Uber is the perfect part-time gig for semi-retirement. Ive driven for Uber on and off for the past 7 years or so, and its a pretty easy gig where you can choose your own hours. You wont get rich doing it obviously, but its a pretty easy way to make a few hundred bucks per week and call it a day. You can work as much or as little as you want. Ive driven for Uber in CS, and it really was pretty laid back with great customers, mostly students and retirees.
The problem with the other retirement gigs mentioned on here like: Buccees, HEB, teaching, Home Depot etc, is that you still have set hours and a boss/coworkers/customers who may or may not make your life miserable. If I have to work a set schedule and have a boss, I might as well just keep working my current office job where at least I will make more money and have better benefits lol.
I'm outside of Corpus. It's weird here. There is no ride share and there is one cab and the cab won't take you very far because there is some kind of arrangement that Aransas Pass, Corpus, and Rockport won't encroach on one another. That's what this cabbie told me anyway. Who knows.
Was just thinking that if Uber or Lyft opened here it could do alright because there are no options.
YouBet said:Petrino1 said:If I understand your question correctly, no you cannot drive in a city/area thats not currently serviced by Uber. But Uber operates in most US cities, where would you want to drive thats not currently serviced by them?YouBet said:Question: does Uber/Lyft have to specifically declare they service a geographic area before allowing drivers, or can I petition them to want to be a driver in a community not currently served by them?Petrino1 said:
Driving for Uber is the perfect part-time gig for semi-retirement. Ive driven for Uber on and off for the past 7 years or so, and its a pretty easy gig where you can choose your own hours. You wont get rich doing it obviously, but its a pretty easy way to make a few hundred bucks per week and call it a day. You can work as much or as little as you want. Ive driven for Uber in CS, and it really was pretty laid back with great customers, mostly students and retirees.
The problem with the other retirement gigs mentioned on here like: Buccees, HEB, teaching, Home Depot etc, is that you still have set hours and a boss/coworkers/customers who may or may not make your life miserable. If I have to work a set schedule and have a boss, I might as well just keep working my current office job where at least I will make more money and have better benefits lol.
I'm outside of Corpus. It's weird here. There is no ride share and there is one cab and the cab won't take you very far because there is some kind of arrangement that Aransas Pass, Corpus, and Rockport won't encroach on one another. That's what this cabbie told me anyway. Who knows.
Was just thinking that if Uber or Lyft opened here it could do alright because there are no options.
Are you share there's no Uber available in your town? Sounds like bs from the cab driver. There's definitely Uber in corpus and I would imagine all over Texas.
Yep, doesn't exist.Petrino1 said:YouBet said:Petrino1 said:If I understand your question correctly, no you cannot drive in a city/area thats not currently serviced by Uber. But Uber operates in most US cities, where would you want to drive thats not currently serviced by them?YouBet said:Question: does Uber/Lyft have to specifically declare they service a geographic area before allowing drivers, or can I petition them to want to be a driver in a community not currently served by them?Petrino1 said:
Driving for Uber is the perfect part-time gig for semi-retirement. Ive driven for Uber on and off for the past 7 years or so, and its a pretty easy gig where you can choose your own hours. You wont get rich doing it obviously, but its a pretty easy way to make a few hundred bucks per week and call it a day. You can work as much or as little as you want. Ive driven for Uber in CS, and it really was pretty laid back with great customers, mostly students and retirees.
The problem with the other retirement gigs mentioned on here like: Buccees, HEB, teaching, Home Depot etc, is that you still have set hours and a boss/coworkers/customers who may or may not make your life miserable. If I have to work a set schedule and have a boss, I might as well just keep working my current office job where at least I will make more money and have better benefits lol.
I'm outside of Corpus. It's weird here. There is no ride share and there is one cab and the cab won't take you very far because there is some kind of arrangement that Aransas Pass, Corpus, and Rockport won't encroach on one another. That's what this cabbie told me anyway. Who knows.
Was just thinking that if Uber or Lyft opened here it could do alright because there are no options.
Are you share there's no Uber available in your town? Sounds like bs from the cab driver. There's definitely Uber in corpus and I would imagine all over Texas.
We're planning to flip fixer upper homes …. One at a time … maybe 2 or 3 per yr. The idea is to simulate ss income and not take ss for the next 5 yrs . We'll see how it goes. Got some experience with my Mom's estate home and we felt like we netted about $30k from doing mostly cosmetic improvements . My wife's a
Realtor so that helps minimize the marketing/sales costs.
Realtor so that helps minimize the marketing/sales costs.
Interesting datapoint I thought I'd share from my finances spreadsheet because I think it relates to this topic.
Green shows how the much the value of all my investments made today (401k, Roth IRA, taxable, etc) are worth at retirement age. So every dollar I invest today is work something like $5.30 when I retire. Every dollar I invest in 5 years is worth something like $3.25 when I retire. Every dollar invested when I'm close to retirement only grows a small amount.
Red line shows how much the investments (401k, Roth IRA, taxable, etc) are growing (not including contributions) every year.
Some assumptions - income is growing by 3-5% per year, some expenses drop off as kids go to college, and investments are growing by 8%
I think we all know that at some point, your investments should be doing more work than your income. And even though I expect to be able to put even more money in later in life, it won't outperform the investments I am making today. I'm well aware of this, but it's surprising to see just how much the growth starts to outpace income.
For me, this is a good reminder that at some point, the high stress/high income job can't compete and it's really a good time to consider a career shift - if only to allow the investments to continue to grow.
Green shows how the much the value of all my investments made today (401k, Roth IRA, taxable, etc) are worth at retirement age. So every dollar I invest today is work something like $5.30 when I retire. Every dollar I invest in 5 years is worth something like $3.25 when I retire. Every dollar invested when I'm close to retirement only grows a small amount.
Red line shows how much the investments (401k, Roth IRA, taxable, etc) are growing (not including contributions) every year.
Some assumptions - income is growing by 3-5% per year, some expenses drop off as kids go to college, and investments are growing by 8%
I think we all know that at some point, your investments should be doing more work than your income. And even though I expect to be able to put even more money in later in life, it won't outperform the investments I am making today. I'm well aware of this, but it's surprising to see just how much the growth starts to outpace income.
For me, this is a good reminder that at some point, the high stress/high income job can't compete and it's really a good time to consider a career shift - if only to allow the investments to continue to grow.
You nailed it. The most powerful force in the universe - compound interest/time value of money. And you've figured it out in your 20s. Maybe the most important financial lesson anyone can learn. Every $100 I put into VFINX in 1994 (my first year out of A&M) every month at age 23 is worth approximately $850 today at age 53. And that $850 will grow even more. I started good habits when I was very young, even though it wasn't much.BenTheGoodAg said:
So every dollar I invest today is work something like $5.30 when I retire. Every dollar I invest in 5 years is worth something like $3.25 when I retire. Every dollar invested when I'm close to retirement only grows a small amount.
Hopefully at some point, the investments early in life afford you options/choices once you get into your 40s/50s. That has been my experience, even having lived through the dot com bust, 9/11, the GFC and Covid.Quote:
For me, this is a good reminder that at some point, the high stress/high income job can't compete and it's really a good time to consider a career shift - if only to allow the investments to continue to grow.
We need to rename this thread The Post Achievement Thread after seeing that term in a WSJ article this morning.
So many don't bother to grasp the idea of financial critical mass but it's most certainly a real thing. Not here. I'd posit most people on this particular bb get it but so many out there in the broader world do not, or by the time they do it's too late.
At the end of the race the numbers don't really matter but the freedom it bought you sure does.
At the end of the race the numbers don't really matter but the freedom it bought you sure does.
Will turn 50 in a month and plan to retire at 55. $5mm is my number. I'm at $3.3mm liquid now with no debt ($4mm if you count our house). That does not include my pension that will be worth $1.3-1.5mm lump sum at 55. However, I have to stick around that long to get it or I take a 50-75% haircut on its value; turning 55 is a big escalator in the calc. That said, if they can me before that, they pay out as if you are 55. So in reality, I should be able to surpass my target by a good ways by 55.
I'm a CPA so finding random work after retiring shouldn't be difficult; however, I have no plans to work at all. Looking forward to being able to fully embrace the interests I have now but not enough time for
I'm a CPA so finding random work after retiring shouldn't be difficult; however, I have no plans to work at all. Looking forward to being able to fully embrace the interests I have now but not enough time for
Great thread. I'm 41 with 5M net worth. Fortunately, a significant amount of that is in real estate investments that throw off approximately $180k/year. We have four kids and my wife doesn't work so that pretty much covers our living expenses. So I just want to do something that's fun, meaningful, and makes enough money for us to travel a ton.
We've lost the plot if we're back to just posting current stats. We have two other front page threads for that: "Millionaires" and "What's your number."
OP is asking about jobs after corporate life. Saying you won't have one is irrelevant to this thread.
Edit to quote OP:
OP is asking about jobs after corporate life. Saying you won't have one is irrelevant to this thread.
Edit to quote OP:
Quote:
So what's your semi retired job or jobs you've heard of and what they pay. What are you eyeballing?
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My very first lecture at A&M was with Dr. Tim Peterson. He said that he had recently retired from a 25 year career in the Air Force, and his very last task for the Air Force was to try and figure out why retired generals were dying off QUICKLY after retiring. He told us that what he found after surveying everyone was that the folks who retired and plopped down on the couch were all dead within 6 months. But the ones who retired and maintained a purpose for their lives (got a retirement job, picked up a full-time hobby, traveled full time) went on to live long and healthy lives. That lecture has really affected my sense of purpose for my life.
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My fault if that was directed at my post just above yours. I wasn't intending to get us off track. I'm actually in the position the OP describes, and I am literally trying to figure out what is next for me.
I imagine there is good research to show correlation between elevated activity (mental, physical and social) and *healthy* longevity. My maternal grandparents came from Oklahoma farming families, and all their 10+ siblings lived very healthy into their mid 90s.
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