oh to be single again.... I could save so much money... Just wait until you get married, have kids etc. The wife will have other ideas as to how you should spend your money....
Mmm, I ponder this one, too, but I wouldn't give them up!
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oh to be single again.... I could save so much money... Just wait until you get married, have kids etc. The wife will have other ideas as to how you should spend your money....
My plan is to be able retire in 9 1/2 years time on an income of $100000/year (2010 dollars). That is the day I turn 40 and while I think that it's highly unlikely that I'll actually stop working, it'll be a nice thing to know that I can walk out that door at any time, if I want.
Currently I only have three properties, so I've got a long way to go, but as long as I follow my plan, I should get there.
Currently, after tax, rent and savings/investing expenses, I live on about $27000/year and I don't feel like I'm restricting myself too much, I still holiday (had three this year, including two overseas ones). I just make sure that I don't go over the top. Shop at Aldi, get my fruit and vege from the Chinese or Lebanese fruit shops, limit eating out to twice a week, buy things on special in bulk, drive a ten year old Honda Jazz, etc.
I could retain this lifestyle without feeling that I'm missing out, but I do want a larger passive income "just in case". What if I get sick, married and/or have kids? Would I be able to cope comfortably on $27000 then? Definitely not.
A lot of my friends can't understand why I choose to drive an old "feminine" car when I have got enough money in the bank to buy a nice flashy car right now. But it's all about delayed gratification; not that I'll ever buy a flashy car.
$100000 is just something to me that I'll always be able to live on extremely comfortably without having to worry whether I can pay for this or that.
That's quite cheap actually....
The Y-man
What a happy story Peter. I bet your daughter was the key (if not only) reason for this change.for her and I to battle "dragons and princesses" in the garden. PS she cheats invoking fairy magic clause each time I win.
What a happy story Peter. I bet your daughter was the key (if not only) reason for this change.
Myself I always had the goal out not working myself to a wealthy and early death. I worked to live, not lived to work.
In a round about way, yes. She was the key.
What happened was atypical of those who do a career/life change. A major pattern interrupt occurred. Wife had a major car accident that caused a rethink
Regards Peter 14.7
Thats one of my worst fears, that I accumulate two mil and then kark it. It would be good to have time to enjoy the fruits of my labours. If this negative scenario happened, then I am not sure who benefits. I guess that maybe it is more about the journey than the destination.
If you have no dependants or close relatives, set up a testamentary trust that will support charities and not-for-profits if you die.
Your name will continue to support the good work of others for ever!
But this would not help me unless you believe in after life or reincarnation.
You will have eternal life through remembrance, sounds like a good deal to me
Only if you believe in after life or have a religion.
Only if you believe in after life or have a religion.
But this would not help me unless you believe in after life or reincarnation.
Yeah; it's amazing how many folk you see with their bum hanging out of their pants so to speak, yet can feed the family on a meal of take-away several times a week.so many people eat absolute rubbish in this country and claim poverty as a reason, in a lot of cases it is ignorance and laziness.
Now, I know everyone has a legal right to smoke, but.....