Who's sitting on their hands? Not all good ideas or motives lead to starting companies.Quote:
Originally Posted by Deebased
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Who's sitting on their hands? Not all good ideas or motives lead to starting companies.Quote:
Originally Posted by Deebased
This is why my number would need to be huge. Like 400k a year in residual income. In order to not get bored, I would need to be able to afford doing fantastic shit every single day. Sitting on my couch doing nothing wouldn't work for me.Quote:
Originally Posted by Deebased
You should probably keep working man.Quote:
Originally Posted by hitek79
My plan is to move to where I plan to die once the wife and I are done working. We both really enjoy our work so it's not a chore to wait. When the time comes we'll sell our house, downsize, and roll the difference into our investments. The draw on those, combined with 2 Social Security payments and Medicare will easily support us indefinitely, including multiple trips to go skiing or sightsee every year. Worked for my folks and they were mid-level Federal employees. Shit, my mom did all that after my dad died and she just left my kids a trust large enough that school is no longer a financial burden.Quote:
Originally Posted by hitek79
Gf gets early retirement in a few years. Planning to drop out of the 9-5 wage slave gig and blow savings either on weed or speculating. Gotta convince her to move to a green state, but it feels like a solid plan. Another 10 years of cube jockeying would create Falling Down, Part Deux.
You know that might be the $$$ move, I was pointing out the other day that "Hot yoga" sounded to me like a buncha women paying $$$ to experience how menopause feels which seems counter productive but it works eh ... better trade mark that moveQuote:
Originally Posted by iceman
Goal is less of a total # vs an annual #...would like about $200k-$250k/ year with no mortgage. Plan is to build and pay for the dream retirement home 3-5 years prior to retirement. Live there, travel wherever we want and still have some comforts but that's 20 years away so wtf do I know.
We're also living in a place we don't like for the career reason. Left both Denver and Seattle for TX so the days of skiing or fishing before or after work are gone we also have 3 small kids so not sure how much of that there would be right now anyway. I do miss being around like minded people but whatever...I am starting to craft my skills at being a baseball and hockey coach for the little guy!
Its true but most good ideas lead to hard work if you want to see them prosper.Quote:
Originally Posted by Meadow Skipper
That bus will have left the station by then. If you're following the industry; shit is moving incredibly fast in both the MMJ states and the Rec. Big Pharma and Tabaky are already working and/or buying up producers, we'll see another half dozen states in 2016 with up to a third of the population with access to Rec. At that point if you don't know someone or have plenty of $$$$ to build a brand you're going to get slaughtered.Quote:
Originally Posted by Bromontana
54-46 That's my number.
Four years after my first post in thus thread and my number is half of what it was then. Good thing too because I said fuck it and hit the door at 59 1/2. Big difference is much smaller liability side and a really close look at our real cost of living.
Most people are surprised to see how much it "costs to work. Taxes, commuting, convenience food etc. The year before I hit the silk we budgeted to spend only what our combined income would look like post my retirement (my retirement draw and wife's salary -- thanks honey!). It worked then and it works now.
Another piece of my strategy is that I refuse to hire anyone to do anything I can do or figure out how to do. Painting, carpentry, auto repair, cooking shopping etc. That's put some serious coin back in my pocket and kept me out of trouble. In addition the management agreed to unlimited ski days as a part of my contract to be a full time house bitch.
Bump for this Q. Anyone?Quote:
Originally Posted by El Chupacabra
^ FWIW, I've kept a full-charge set of books on myself since grad school, self+wife/our family since marriage, north of 25 yrs. But then I'm a total accounting geek. Excel man, pivot tables. Roll my own. Loved one write plus when it first came out, but it went by the wayside long, long ago.
We've used Mint for years with no issues privacy wise. You do have to provide Mint access to your various accts if you want an accurate and complete picture of your financial situation. But that's the price you pay for having immediate access to such a nice complete dashboard type listing of all your financial info.
I love having all of our transactions listed on a widget on my tablet. I check it a couple of times a week to make sure that there's nothing irregular going on (like Mrs C dropping hundreds of $$ on those goddamned DVF and Tory Burch dresses that look so hot on her). And I dig the budgeting function because it really allows us to get some insight into where our money is going each month. Sure, the privacy concerns are valid. But, for us at least, the information we get is worth the risk.
Well played.Quote:
Originally Posted by Obstruction
I used Mint and it had trouble with some of my accounts - it would get locked out and create blind spots. I didn't think the insights they provided, beyond the ledger, were that interesting or useful.Quote:
Originally Posted by El Chupacabra
Personal Capital works better for me from a functionality perspective and I think it gives me a better holistic view.
You never have enough.
I'm just hoping my parents gift me their house or something. Otherwise I just figure I'll be dead by retirement age anyways. I'm not one of the guys going hudge on here or anything, I've just never really seen myself getting old.
Didn't think I'd make it to 30, really. No idea what this premonition is about. It's not really just poor planning, although I suffer from that as well. Just have this feeling I'll die from degenerative bone disease and subsequent skydive sans chute, freak aneurysm, plane crash, jumping in front of JER's bullets to save a life, etc.
Esse quam videri "To be, rather than to seem (to be)"
"When I retire I'm leaving this shithole state and moving someplace where I'll really live with my big ass nestegg." How many people live a long time like this and oddly never find their happy. Me I choose to be happy now, you never know when death will get the drop on you and your kids remember you as a pissed off stressed out d-bag commuting to work sweatyshitville. While your wife remarries and moves someplace she always wanted to live.
You lack versatility.Quote:
Originally Posted by Deebased
Wow, that seems high. Why do you figure you'll need that much per year?Quote:
Originally Posted by dtown
This sounds trite, but likely because he wants the freedom to say "yes" anytime he needs to ask himself if he can afford something that will make him happy. I'm stuck somewhere between hoping I'm not destitute and hoping I can pay for my grandkids' college if I felt like it without cutting into my Beach house cocktail budget.Quote:
Originally Posted by The AD
I'm unable to see a finish line yet, but will need to out of necessity soon. Everyone's made different and for me, pinpointing a number demotivates me whereas it may motivate others.
glad to see some support for 5000 to 7000 a month. that is what I am planning on. I agree with Flatlander I would never live somewhere for a job. Life is too short. I have never had a full time job or made allot of money. I always saved at least 10000 a year since I was 23. When other oppurtunities came around I had cash to take advantage of them. Easy to drive a $4000 car instead of a $40000. Anyway everyone is different and people value different things. I just wante to pont out that if you concentrate on your savings and adjust your spending to that goal you can still have a good lifestyle. 58 next month hopefully have the finacial goal locked down. Have a job I enjoy that lasts for a couple of months a year will continue with that as long as I still enjoy it.
Thanks for the feedback on Mint & Pers Capital. I'll look into these some more. It would be nice to have one consolidated spot that automatically tracks everything.
I'm betting that $100k + $60k pension / SS does it. When it looked like the egg wasn't going to get any bigger we sold most of what we had, gave away the rest, got in the truck and headed west. Working better than expected so far.
El Chup, I like "You Need A Budget." Rather than tracking where your money went, this app/program allows you to plan where each dollar is going to go, or what it's for. This method forces you to make a budget and stick with it.
I wouldn't give my account password to anyone. I don't care if you think they are trustworthy. They might get hacked.Quote:
Originally Posted by El Chupacabra
all time bootlicker thread
How in the Holy Fuck is this a Bootlicker thread????Quote:
Originally Posted by digitaldeath
Do you even know what a Bootlicker is?
It's definitely not the crowd discussing how much cash they would need in the bank to quit working for the man.
I see Will from time to time. Good guy. He pulled that number out of his ass, and it wasn't the product of any informed analysis. Word is that he's got steady work these days, which is nice for him.Quote:
Originally Posted by flowing alpy
Quote:
Originally Posted by Beer Drinker
there is nothing more bootlicker than discussing amazing riches while you plug along spit shining all the boots
the bootlicking is within the lie you tell to yourself, imagining great wealth and riches while you toil for the man. this is the psyop of the elite
pay you just enough so that you show up tomorrow
thread title ought to be:
"what numbers should i pick?" The lotto
I'm self employed.Quote:
Originally Posted by digitaldeath
Meta bootlicker!
http://blogs.kcrw.com/whichwayla/wp-...013/06/MWP.jpgQuote:
Originally Posted by frorider
peace out
Retired bootlicker.
I just pray for good health now, the rest will take care of itself.
So how much do you need? Chris retired from being a code monkey at 42, every year shows up in town for the folk fest season, buddy is pleasant to converse with, a smart guy, always neat, well spoken, no vices no wierdness other than being VERY frugal. He owns one pair of pants, 2 shirts, 1 plate, 1 spoon, 1 fork, 1 cup (you get the idea) no car, maybe a cheap bike, rents accommodation and takes off somewhere warm before he needs a winter jacket
the number depends ... on how much you need
2m is a good number. Should be able to draw at least 100k/year off of that without too much trouble and leave it behind for the progeny.
Well there you go. For me, and I'm not you and you're not me and that's cool. I'm thinking that it's wanting what you have, not having what you want.
Agreed. That's my point. Keys to happiness #1 and #2 are low expectations and low overhead.Quote:
Originally Posted by wooley12