Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
From Rags to... Wranglers
Old 10-13-2012, 10:33 AM   #1
Dryer sheet wannabe
 
Join Date: Sep 2012
Posts: 17
From Rags to... Wranglers

Short time lurker here. I’m 54, the DW is five years behind (I keep waiting for her to catch up, but…). Made good money in my 20s but blew it all . Wasn’t as wise as you 20 somethings who are on this forum (more power to ya). So I started from dead broke at 34 with five kids and one paycheck… finally got a job after months of being unemployed. DW had the harder job of raising the kids. We’ve now put 4 kids through college with no student loans. They’re on their own now . The last one’s a senior who will graduate the Fall of 2013.

So now, this young man’s thoughts gently turn to... FIREing . Planning to FIRE two years from now (late 2014). Flexible about timelines based on market conditions between now and then.

I’ve posted questions about finances in the FIRE and Money forum. Here it is.

Need all the sage advice I can get. Thanks y'all
__________________

__________________
goneboarding is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-14-2012, 10:41 AM   #2
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Welcome, goneboarding.
__________________

__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 10-17-2012, 09:33 PM   #3
Dryer sheet aficionado
CMH in CO's Avatar
 
Join Date: Mar 2011
Posts: 41
Welcome! It is amazing how far you have come in just 20 years with so much spending on college tuition. Please tell us more about how you did it.

Cass
__________________
CMH in CO is offline   Reply With Quote
Old 10-17-2012, 10:59 PM   #4
Thinks s/he gets paid by the post
Ally's Avatar
 
Join Date: Feb 2011
Posts: 1,189
Welcome! It sounds like your children are very lucky to have you as a parent who sent them through college without student loans.
__________________
Ally is offline   Reply With Quote
Old 10-18-2012, 06:02 AM   #5
Dryer sheet wannabe
 
Join Date: Sep 2012
Posts: 17
Quote:
Originally Posted by CMH in CO View Post
Welcome! It is amazing how far you have come in just 20 years with so much spending on college tuition. Please tell us more about how you did it.

Cass

Quote:
Originally Posted by Ally View Post
Welcome! It sounds like your children are very lucky to have you as a parent who sent them through college without student loans.
Thanks! To answer, LBYM, and didn't spend as much on college as most would think. Several kids started out in community colleges for the first two years, had jobs and lived at home, so they were able to pay their tuition/books the first two years. Transferred to 4 year schools (in state, state school and not the primary campus, so tuition was cheaper) to finish. Some got 3-4K scholarships/year which helped. They worked to cover living expenses, we paid tuition/books. None of them had cars going through college. Shared the family vehicles for work and community college when living at home.

Now, they're all appreciative of having graduated without loans as compared to their peers, and are putting that head start to good use. Oh, and the older ones are voluntarily helping us out with the youngest one's college expenses right now . We've been blessed.
__________________
goneboarding is offline   Reply With Quote
Old 10-18-2012, 10:58 PM   #6
Thinks s/he gets paid by the post
Ally's Avatar
 
Join Date: Feb 2011
Posts: 1,189
Our two made it out without student loans by similar strategies. It seems to be rare these days.
__________________
Ally is offline   Reply With Quote
Old 10-19-2012, 08:14 AM   #7
Recycles dryer sheets
 
Join Date: Nov 2010
Location: Little Trailer Down By The River
Posts: 172
Our two made it out from private colleges (one near top rated and one at the top) with no debt by presenting superior high school academic work such that they received full tuition scholarships as well as some credit toward room and board. No cars in college, control of expense, on campus jobs and getting it that they were there to learn, not vacation. As was stated earlier, now they appreciate being ahead of their peers and are using that lead to very good advantage.
__________________

__________________
"Here's to them who would read,
Here's to them that would write.
There's none ever feared that the Truth would be heard,
But those whom the Truth would indict."

Robert Burns
poorcarver is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 07:42 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.