One Man Show Retirement Plan

 
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Old 05-01-2015, 11:16 AM   #21
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Re: One Man Show Retirement Plan


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Originally Posted by sailfish27 View Post
Retirement maybe overrated. Knowing you CAN retire is not.

Oh for sure.

A lot of people I know are focusing on the carrot at the end of the stick and it worries me that they're going to be upset that they didn't enjoy their time getting there once they get there.

I remember when my Grandfather finally retired he had so many things he was working on he said, "I have no idea how I had time to have a job. There's so much that needs to be done!"
I'd like to feel that way.
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Old 05-01-2015, 12:29 PM   #22
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Re: One Man Show Retirement Plan


My retirement plan is a real job where someone smarter than me will make all the decisions and my body won't get so beat up. Or maybe I'll teach. And I'd like to "retire" by 35 but that's only 8 years away.

We'll probably get into rentals. My girlfriend and I are buying a house now that would make a very profitable rental in the future.

I also have investments that I'm constantly adding to but hopefully won't touch until my actual retirement time. Most of my purchases go on a Fidelity AMEX that puts 2% back into that investment account. That adds up pretty fast!

Last edited by Agility; 05-01-2015 at 12:33 PM.
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Old 05-01-2015, 09:15 PM   #23
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Re: One Man Show Retirement Plan


Marry well?
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Old 05-02-2015, 06:52 AM   #24
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Re: One Man Show Retirement Plan


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Originally Posted by sailfish27 View Post
Retirement maybe overrated. Knowing you CAN retire is not.
those 2 lines are really important.
I am 52.--- I reached that point in my late 40's ( I knew I COULD retire)
It's quite liberating because you can actually start focusing on things you WANT to do--- rather than on what you MUST do.
AND--- you have the freedom to mentally step off to the side and observe things-- spot opportunities, research potential options, develope new lines of business etc.

BTW--- diversified portfolio of index funds. 1/8th the total is in a REIT. Other than my home that's the only "real estate" I am interested in. 2008-2009 the market was VERY good to us.
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Old 05-06-2015, 10:55 PM   #25
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Re: One Man Show Retirement Plan


I bought a big house ( have mortgage) 7 years back when I was 46. Was a hard work but glad I did it now. I rent out rooms and the zoning is such that I can build a small house out the back if I want to.
So my plan is that I can always build this small house and rent out the main house. Could even do B&B if I wanted.
Lately I've been focusing on getting organised and aiming to focus on doing some of the easier work.
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Old 05-08-2015, 05:22 PM   #26
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Re: One Man Show Retirement Plan


I strip at stagettes to enhance my retirement fund, being in Canada the smallest bill we have is $5 so the tips add up in a hurry.
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Old 05-08-2015, 05:42 PM   #27
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Re: One Man Show Retirement Plan


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I keep 20 dollars hidden in my sock drawer so at retirement time I can buy a 10 foot piece of rope and hang myself.
In 20 years it'll cost $40.
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Old 05-08-2015, 05:44 PM   #28
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Re: One Man Show Retirement Plan


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I strip at stagettes to enhance my retirement fund, being in Canada the smallest bill we have is $5 so the tips add up in a hurry.

That reminds me of when I returned to Canada and went to a peeler joint in Calgary one night and everyone was tossing loonies and toonies at the girl on stage
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Old 05-08-2015, 06:09 PM   #29
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Re: One Man Show Retirement Plan


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tossing loonies and toonies
Was anyone injured?
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Old 05-08-2015, 10:27 PM   #30
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Re: One Man Show Retirement Plan


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That reminds me of when I returned to Canada and went to a peeler joint in Calgary one night and everyone was tossing loonies and toonies at the girl on stage
I've never seen that. Cheap west coast pricks.
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Old 05-08-2015, 10:51 PM   #31
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Re: One Man Show Retirement Plan


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I've never seen that. Cheap west coast pricks.
I saw it in Winnipeg too
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Old 05-08-2015, 10:52 PM   #32
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Re: One Man Show Retirement Plan


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I saw it in Winnipeg too
I'd expect it in that sh!thole of a city...not Calgary.
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Old 05-08-2015, 11:19 PM   #33
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Re: One Man Show Retirement Plan


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I would think you would just use wire you have laying around. Then you could have a steak first.
Spoken like a true businessman all the way to end
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Old 05-09-2015, 12:19 PM   #34
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Re: One Man Show Retirement Plan


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by 35 but that's only 8 years away.
Half the U.S. men your age will survive to 80 and 10% to 92. That is one long retirement for inflation to eat your savings. A dollar today will be worth 22 cents when you're 80.
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Old 05-09-2015, 01:04 PM   #35
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Re: One Man Show Retirement Plan


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Half the U.S. men your age will survive to 80 and 10% to 92. That is one long retirement for inflation to eat your savings. A dollar today will be worth 22 cents when you're 80.

I'm only "retiring" in 8 years at 35, not actually retiring.

I got into this industry because I needed a part time job in high school. Then I hung on long enough to learn how to build my own house. It turned into a full time business after college when my phone wouldn't stop ringing. I love every day but my body is wearing down too fast. No way am I hanging on until I'm old enough to live on my savings.

But I'll take a big pay cut pursuing my other career interests - teaching, non-profit work, social work - so I will hang on for a while.
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Old 05-09-2015, 04:21 PM   #36
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Re: One Man Show Retirement Plan


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but my body is wearing down too fast.
At your age, that doesn't sound right. You should be at the peak of your physical abilities.
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Old 05-09-2015, 04:34 PM   #37
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Re: One Man Show Retirement Plan


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That reminds me of when I returned to Canada and went to a peeler joint in Calgary one night and everyone was tossing loonies and toonies at the girl on stage
Maybe they thought it was the slots
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Old 05-09-2015, 07:01 PM   #38
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Re: One Man Show Retirement Plan


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At your age, that doesn't sound right. You should be at the peak of your physical abilities.

Yeah I agree. I've had 5 shoulder surgeries due to rock climbing injuries and the surgeon's repeated digging around in there has left me with arthritis. I also have some ongoing back issues from a skateboard injury.

Kinda sped me forward a decade or two in terms of body deterioration. I think if I didn't have a physical job and could focus on a sport every season than I could be at the peak of my physical abilities.

Last edited by Agility; 05-09-2015 at 07:05 PM.
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Old 05-09-2015, 07:19 PM   #39
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Re: One Man Show Retirement Plan


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I think if I didn't have a physical job and could focus on a sport every season than I could be at the peak of my physical abilities.
I thought all the problems were from sports? Maybe you;d be in a wheel chair.
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Old 05-09-2015, 09:20 PM   #40
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Re: One Man Show Retirement Plan


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I thought all the problems were from sports? Maybe you;d be in a wheel chair.

Well I guess it would be one or the other. Peak physical shape or completely disabled!

No, actually I quit rock climbing in 2012 after the fourth shoulder surgery. The skateboarding back injury was a bit of a terrible fluke as it happened when I was very young and trying learn something I really, really didn't care about (skateboarding).

I'm happy to say I have full mobility and strength in my back and shoulders but I still have the aches and pains of a man twice my age.

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