I kind of 'retired' when I was about 25, after working for two years. I hated my job, which was in London. I decided to go back to university, and I funded myself by saving very hard (which I'm good at), buying a flat and taking in three lodgers. I was able to pay the mortgage, pay the subsidised university fees and live on the rent. I could have lived on the rent for the rest of my life, but life took me in other directions and I now live in New Zealand.
(I could actually do the same here and now - it wouldn't be possible from scratch with a mortgage, like it was in London in the early 1990s, but it would be possible for me as I wouldn't need a mortgage, but that's not the plan - just possibly of interest.)
I'm now 42, self-employed and looking to retire again. The idea is a little daunting because most people don't do it, but it felt very strange the first time around, but it worked.
I'm happy with a modest lifestyle, and mostly want to be free from the stresses of work. I'm a big worrier, so I do want to make sure I'm financially secure first, and I'm expecting that to take about three years. I actually thought that a few years ago, but I've had a few set-backs and also moved the goalpost to make myself more secure.
I have a partner, which constrains my lifestyle choices, but we do share expenses, which helps. He's right behind all my plans, although he has a few holiday ideas for the future, which I'll need to be able to afford.
My investments include residential property in America (Memphis), so I'm hoping the market is going to recover. I'd be interested to hear opinions, although it's too late not to do it.
We also have some concerns about the future of pension funding here in New Zealand, and I've been looking into our options for ultimately returning to the UK or EU and getting a UK pension there - which are better than I expected, although I'm still waiting for some information from the UK authority.
That's about it for now.
Jane
(I could actually do the same here and now - it wouldn't be possible from scratch with a mortgage, like it was in London in the early 1990s, but it would be possible for me as I wouldn't need a mortgage, but that's not the plan - just possibly of interest.)
I'm now 42, self-employed and looking to retire again. The idea is a little daunting because most people don't do it, but it felt very strange the first time around, but it worked.
I'm happy with a modest lifestyle, and mostly want to be free from the stresses of work. I'm a big worrier, so I do want to make sure I'm financially secure first, and I'm expecting that to take about three years. I actually thought that a few years ago, but I've had a few set-backs and also moved the goalpost to make myself more secure.
I have a partner, which constrains my lifestyle choices, but we do share expenses, which helps. He's right behind all my plans, although he has a few holiday ideas for the future, which I'll need to be able to afford.
My investments include residential property in America (Memphis), so I'm hoping the market is going to recover. I'd be interested to hear opinions, although it's too late not to do it.
We also have some concerns about the future of pension funding here in New Zealand, and I've been looking into our options for ultimately returning to the UK or EU and getting a UK pension there - which are better than I expected, although I'm still waiting for some information from the UK authority.
That's about it for now.
Jane