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Old 08-25-2008, 12:39 PM   #21
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I'm going to live in a tent for six months on $20,000 with a 3% return. I'm thinking of diversifying my investment with a pound of bacon biweekly and an octannual bottle of chocolate port. If I camp in the National Forests for free in the warm months and go out to the desert in the cold months I could retire on $400 a month. That's like $32,000 invested with just a 15% return. I could retire by the time I was 25!
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Old 08-25-2008, 01:30 PM   #22
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You'll probably do better if you just collect welfare for the rest of your life,it will give you more than $700 a month and you will get more if you get married and have kids.
Or you could get a job you like and retire at a more realistic age.
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Old 08-25-2008, 02:41 PM   #23
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It's nice to find these forums of people with like-minded goals.
Like-minded goals, maybe, but certainly on a different scale.
How long are you planning to live?
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Old 08-25-2008, 03:32 PM   #24
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If retiring at 31 with an income well below the poverty line, staying single, no kids or pets, no car, eating Top Ramen, shopping at thrift stores, and living in a rented apartment with a roommate for the rest of your life is your goal, you may well be able to accomplish it.

Sometimes the only thing worse than not achieving your goals is to achieve them.
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Old 08-25-2008, 06:12 PM   #25
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After reading some of these posts, maybe you guys have a point.

I may now consider retiring with a net worth of $100K. I'm sure with some positive thinking and intestinal fortitude I'll make ends meets somehow.

I don't know what I was thinking until now, but I've just had a moment of clarity.
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Old 08-25-2008, 06:36 PM   #26
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We could start a co op for extremely extreme early retirement. I hear Florida swampland and Nevada desert is still really cheap.
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Old 08-25-2008, 06:38 PM   #27
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We could start a co op for extremely extreme early retirement. I hear Florida swampland and Nevada desert is still really cheap.
I want an exclusive franchise to deliver bug repellant/bottled water.

Ha
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Old 08-25-2008, 07:35 PM   #28
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Where's the camera?
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Old 08-26-2008, 12:27 AM   #29
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My father bought 8 acres from a hippie co-op in east county San Diego. They lived on about the same level of income. Hay Bale construction stuccoed with mud, outhouses, community water spigot, holy cows (they were of some eastern philosophy) for milk, etc. They made organic nutri-bars on the side for some income and decided to move to Texas where their little business would be cheaper to run.
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Old 08-26-2008, 01:04 AM   #30
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I want an exclusive franchise to deliver bug repellant/bottled water.

Ha
I think I'm going to cut that $400 a month down to $200 by eating the bugs instead of buying groceries. Mmmmmm, protein.
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Old 08-26-2008, 09:30 AM   #31
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I think I'm going to cut that $400 a month down to $200 by eating the bugs instead of buying groceries. Mmmmmm, protein.
======

Dip them in chocolate and add bacon bits - Yummy!

ta,
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Old 08-26-2008, 02:23 PM   #32
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MattyMcmatt what are your plans regarding health care? You may be young and healthy now but so were all of us at one time. Now not all of us are.
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Old 08-26-2008, 05:07 PM   #33
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it is possible to get 10% return, however, it is not possible to live on 12k for the rest of your life. you need to buy a house, car, life insurrance, child's education.

to me, i need 30k pretax to live if i retire.

Well, that's all debatable, isn't it?

- House? ---- Probably a good move for most, but maybe not for everyone.
- Car? ---- Depends on where/how you live. (See this book: "Living Well Without a Car" by Chris Balish)
-Life Insurance? --- Depends on your family situation, doesn't it?
-Child's education? --- The Dollar Store sells birth control, don't you know?


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Old 08-26-2008, 05:43 PM   #34
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-Child's education? --- The Dollar Store sells birth control, don't you know?


Stay Cheap!
-Jeff Yeager
They have them free at many places too.

There was a blog a couple years ago by a woman who was going back to college who was getting by on less than $12,000 a year. She seems to do okay, as long as nothing unexpected ever came up.
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Old 08-26-2008, 08:19 PM   #35
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MattyMcmatt what are your plans regarding health care? You may be young and healthy now but so were all of us at one time. Now not all of us are.

If he tells them he is living on $700/month, he will probably get treated for free...If not he can claim to be an illegal alien, in which case they will definitely treat him for free.
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Old 08-26-2008, 08:28 PM   #36
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If he tells them he is living on $700/month, he will probably get treated for free...If not he can claim to be an illegal alien, in which case they will definitely treat him for free.
Ever seen the inpatient wards or ER in a municipal public hospital which is mostly Medicaid oriented?

OP might want to include health insurance in his planning. Believe me.
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Old 08-26-2008, 08:52 PM   #37
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If he tells them he is living on $700/month, he will probably get treated for free...If not he can claim to be an illegal alien, in which case they will definitely treat him for free.

No, that is not true. They will try to collect the money from him. They don't just look at a person's income, they look at assets, when the attorneys for the hospital work on collecting unpaid bills.
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Old 08-26-2008, 09:18 PM   #38
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No, that is not true. They will try to collect the money from him. They don't just look at a person's income, they look at assets, when the attorneys for the hospital work on collecting unpaid bills.
Anyone motivated enough to live on $700/month would most likely have everything sheltered in a trust. They could probably attach the $700/month proceeds. Might be interesting trying to track him down, if he had no phone, no permanent address, and no credit cards (not on a $700/month budget) If they bothered to take him to court, he could get a public defender, plead poverty and end up with a lifetime repayment plan of around $18.75...
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Old 08-26-2008, 10:22 PM   #39
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Well Matt is from Canada. If Canada is anything like Europe when it comes to healthcare (and I am not that familiar with the Canadian system), then he could qualify to receive premium-free healthcare if his income remains below a certain minimum. Plus he would no doubt qualify for a number of other government aids on such a low income.
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Old 08-26-2008, 10:51 PM   #40
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There's always Possum Living, don't forget! Where's that possum picture when I need it? Dolly Freed lived on what, $300 a year, wasn't it? And they had their own still!
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