Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-29-2009, 10:20 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,391
Quote:
Originally Posted by calmloki View Post
...While most here seem to be stocks n' bonds people it's not the only way. Some are inventors, some entrepreneurs, some real estate moguls, some are rental property owners/managers. Find your own path.

Persist.

LBYM.
YES! Calmloki's and my way of making our living are quite different.

And talk about LBYM, some people's means are quite constant, while mine is all over the map since I left the safe cradle of megacorps. But that's my own problem.
__________________

__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   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 11-29-2009, 10:22 AM   #22
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,074
Quote:
Originally Posted by brogan007 View Post
My answer?
Disconnect & remove yourself from the tax system. Leave the Matrix.
Good luck with that.
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 11-29-2009, 10:33 AM   #23
Recycles dryer sheets
hguyw's Avatar
 
Join Date: Feb 2008
Posts: 106
Seems to me that even if tax rates do rise, LBMyM still gives me an advantage over those who don't. Asset rich/income poor will still be where it's at.
__________________
hguyw is offline   Reply With Quote
Old 11-29-2009, 10:47 AM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
Quote:
Originally Posted by brogan007 View Post
...
Nobody has explained WHO is going to pay for Joe's retirement & healthcare. There are millions of them. MILLIONS, without savings, underwater in their home value, a pathetic 201k pension fund and no plan.
Taxes. Your's & mine. Taxes on SS, which is already means tested if you think about it. Higher taxes, way higher taxes, on everything. No other answer.
....

My answer?
Disconnect & remove yourself from the tax system. Leave the Matrix.
Only way to survive the impending, devastating cost of supporting the 50% of the USA who are bankrupt.
......
Each Joe and Jill is responsible for their own retirement. Take responsibility for yourself and don't worry about funding MILLIONS of other retirements. When the oxygen mask drops, first cover your own nose and mouth, then worry about the noisemaker next to you. One step at a time. Acquire retirement assets first, figure out how to protect them second. You seem like you might want to consider buying and burying gold for instance. Lots of other resources here: Amazon.com: The Ultimate Zombie Apocalypse Survival Kit- Amazon seems to be pretty PC, so not much in the way of firearms in the list, but there are plenty of folks willing to sell you all the guns 'n ammo you want. Plenty of survivalists in southern Oregon and Idaho if you want to go that route. always wondered how they covered dental care.........

__________________
calmloki is offline   Reply With Quote
Old 11-29-2009, 10:50 AM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,965
Quote:
Originally Posted by brogan007 View Post
My answer? Disconnect & remove yourself from the tax system. Leave the Matrix.
Best of luck ultimo (just a guess)...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 11-29-2009, 10:54 AM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,017
Brogan, you are right about taxes. The US will have no other alternative to reduce its immense debt. As a country, the US has been living beyond its means for several decades. I expect living standards there to fall this century, but I do think the US has the resilience to thrive again in the future. Surely all the more reason for individuals to live below their own means. That is how to attain financial independence. That, and providing value for which someone else will pay. There is still room for entrepreneurship and the basic principles of finance still hold. Hope springs eternal!
__________________
Meadbh is offline   Reply With Quote
Old 11-29-2009, 11:22 AM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,615
Quote:
Originally Posted by brogan007 View Post
btw....the 40 yr savings plan suggested at the top is typical financial hype....after 40 yrs the amount withdrawn is worthless at that time....or else the inflation figures he used are the Govt hype lies.
Wrong. My example specified real return, which means "after inflation." Like I said. The amount won't be "worthless" unless inflation, somehow for 40 years, exceeds the nominal return. Fairly unlikely.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Old 11-29-2009, 11:27 AM   #28
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 10,137
Quote:
Originally Posted by brogan007 View Post
My answer?
Disconnect & remove yourself from the tax system. Leave the Matrix.
I can hardly wait for the post when you offer us the blue pill. And for only three modest monthly installments. Such a deal.
__________________
Living an analog life in the Digital Age.
Gumby is offline   Reply With Quote
Old 11-29-2009, 11:31 AM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Apparently I am not the only one waiting for the come-on/spam.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 11-29-2009, 11:42 AM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,391
Um... I read the opening post more carefully, and it does appear the OP would welcome PMs asking for help, as he seems to have the "answer" to his questions that are really rhetoric. Sigh...
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 11-29-2009, 01:10 PM   #31
Recycles dryer sheets
Tesaje's Avatar
 
Join Date: Aug 2009
Location: Frederick
Posts: 333
Unless we have a really catastrophic economic collapse ala Argentina, it seems that the doomsday coming in 30 years is more than a little overblown. If millions are going to be in such dire straights, then the cost of basic living will have to drop accordingly. A few on the top wealth tier cannot support the main economy.

I just keep thinking about how bad it looked in the 1970's and yet, 30 years later of LBYM, I'm in pretty good shape. The economy goes up and goes down but saving does work. Not insisting on having conspicuous consumption and going into huge debt when I can have something more modest but just as comfortable has put me into a good place.

I always wondered how a dead creature such as a zombie could be killed with a gun? They are already dead, so they don't have the living systems that a bullet would destroy working anyway.
__________________
I FIREd myself at start of 2010!
Tesaje is offline   Reply With Quote
Old 11-29-2009, 01:20 PM   #32
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 2,676
I believe brogan007 is just trying to get a rise out of this community.

brogan, this community is made up of people who believe they can retire early using the means that many have already outlined in this thread. There are many here who have ER'd for 10+ years and share their experience with the group.

If you have data to back up your assertions, please provide.

Please read through the posts and study the research material linked to them. I think you'll end up with a more positive outlook on the possibilities of retiring early. It isn't easy. Not everyone will have the luxury of doing it. But, it can be done.
__________________
walkinwood is offline   Reply With Quote
Old 11-29-2009, 01:26 PM   #33
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
Quote:
Originally Posted by Tesaje View Post
....
I always wondered how a dead creature such as a zombie could be killed with a gun? They are already dead, so they don't have the living systems that a bullet would destroy working anyway.
Just another skill set to learn, along with use of garlic, silver bullets, and sharpened stakes. and probably just as useful.

To pick nits, zombies aren't dead - they are the living dead, who may have re-animated brains. Destruction of that brain results in really really dead zombie, as opposed to merely undead zombie.

See also Miracle Max on the mostly dead:
__________________
calmloki is offline   Reply With Quote
Old 11-29-2009, 01:47 PM   #34
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,637
Quote:
Originally Posted by brewer12345 View Post
Apparently I am not the only one waiting for the come-on/spam.
Yup, that or troll. One or the other.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 11-29-2009, 02:31 PM   #35
Full time employment: Posting here.
Cattusbabe's Avatar
 
Join Date: Apr 2006
Posts: 814
Brogan you have issues and your annoying. Off to the ignore list with ya.
__________________
A todos los amantes del mundo. No importa el color de su piel, la pasion es universal.
_______________

La tavola e il letto non hanno restrizioni.
_____________
Any day your on this side of the grass is a good day.
Cattusbabe is offline   Reply With Quote
Old 11-29-2009, 03:48 PM   #36
Dryer sheet aficionado
 
Join Date: Nov 2009
Posts: 27
Er, that would be "you're off to the ignore list"

It seems that the cult of "we can beat the market" is alive & kicking here.
Funny how there are so many super-smart guys, MIT grads type,working for hedgies who can't seem to generate (long term) the 4% over inflation that some guy on here touted as being so easy?
How come CALPERS & dozens of other local gov pension plans can't?
The obvious answer is...it can't be done consistently & with a large sum of money.
Brings me back to my original concept...there is no answer, even worse if you have to carry the load of bankrupt citizens.
I smile at folks when they try to argue ...."There's no major problem, buy an Index Fund and forget it"
Jeez Loiuse.
btw...many US citizens have already disconnected & are living an expatriate lifestyle, not subject to US tax. I feel this is the answer.
I'll wait to see how many folks flame this concept as against the law.....without really understanding that it's entirely possible, legal & attractive....just not shared with the Sheeple.
Got to keep them paying into the system.
__________________
brogan007 is offline   Reply With Quote
Old 11-29-2009, 03:53 PM   #37
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
And here is the pitch...
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 11-29-2009, 03:54 PM   #38
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by brogan007 View Post
It seems that the cult of "we can beat the market" is alive & kicking here.

...

I smile at folks when they try to argue ...."There's no major problem, buy an Index Fund and forget it"
Do you realize how contradictory these two statements are?
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 11-29-2009, 03:55 PM   #39
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Brogan, no one here said anything about beating the market.

I am fine if you move away.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Old 11-29-2009, 03:58 PM   #40
Dryer sheet aficionado
 
Join Date: Nov 2009
Posts: 27
No pitch. Nothing to sell.
No contradiction...I smile because folks who buy & hold Index Funds are living proof that marketing to the sheep is still working....the world of investing has changed. Buy & hold Index funds are history.
__________________

__________________
brogan007 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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Is making 8% "some what" safely realistic? Fantasm Young Dreamers 55 11-16-2009 09:23 PM
I can only hope to be doing this well at 94 Buckeye Health and Early Retirement 16 06-24-2008 08:23 AM
28 years old - what is my realistic age for retirement? GreenWindwater Young Dreamers 17 06-01-2008 12:19 PM
Is an an electric scooter a realistic option for me? soupcxan Other topics 25 07-30-2006 07:11 PM
Realistic Future Returns Mysto FIRE and Money 6 03-18-2006 02:32 PM

 

 
All times are GMT -6. The time now is 08:29 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.