Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
What is the opposite of FIRE?
Old 04-21-2011, 09:04 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Apr 2007
Posts: 1,304
What is the opposite of FIRE?

Check out this story. 102 year old finally retires.
102-year-old worker calling it quits - TODAY People - TODAY.com

What do you think her SWR should be?
__________________

__________________
Life is GREAT!
megacorp-firee 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 04-22-2011, 12:18 AM   #2
Recycles dryer sheets
glippy's Avatar
 
Join Date: Mar 2010
Location: New England
Posts: 197
100%?

__________________

__________________
glippy is offline   Reply With Quote
Old 04-22-2011, 05:01 AM   #3
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
200% ?
__________________
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 04-22-2011, 07:10 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,256
What is the opposite of FIRE?


STUPID


(Still Trying to Undo Previous Idiot Decisions)
__________________
Texas Proud is offline   Reply With Quote
Old 04-22-2011, 07:42 AM   #5
Recycles dryer sheets
robbridg's Avatar
 
Join Date: Sep 2010
Location: Allen Park
Posts: 118
God for her. That's probably a big part of what's kept her going so well at 102........ It sure as he11 isn't my path though.
__________________
robbridg is offline   Reply With Quote
Old 04-22-2011, 07:49 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
The opposite of FIRE is someone like my old boss at the hedge fund. I would estimate his pre-crash net worth at close to 100MM. He lost a lot in the crash but is probably worth 25 to 50MM nowadays. Even with his high lifestyle, I think he has more than he could spend. Yet he soldiers on with a tiny fund barely large enout (assets under management) to keep the lights on. Extremely bright guy and I think he keeps it up due to a need for intellectual stimulation and an A type personality.
__________________
"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
Swamp
Old 04-22-2011, 07:55 AM   #7
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,412
Swamp

SWAMP

Still Working And Mostly Peeved

Still Working And Mighty Prudent

Still Working Amassing a Major Prize

and for those older folks that still remember back in the day...

Still Working Amassing a Monthly Pension
__________________
MichaelB is offline   Reply With Quote
Old 04-22-2011, 08:39 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,964
The opposite of FIRE is WalMart greeter...
__________________
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 04-22-2011, 08:44 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
I have to assume she liked her job.

Even though some may interpret it as foolish (those who hate their j*b)... you have to hand it to her for keeping on keeping on!


But generally speaking about the phenomenon.

I know a person who worked till 70 when they qualified for a full pension at 65 and that pension was very close to 80% of their wages. fairly high paid worker (assume about 70k). I know this person hated their job. It was common knowledge. This person had 40+ years in at 65 which meant they accumulated no meaningful pension increase after 65 because of the formula and rates. They hated their job and was just slacking.... (because I am a manager I know the details)... I know this person got very small raises that did not even keep up with cost of living increase... maybe a 1.5% raise.

I assume the poor fool thought they were milking the company for every last cent... the motivation: [screw them... I hate this place... I will do the absolute minimum and milk these @$$h0les for a paycheck...heh, heh, heh]

Do the math.... how much was this person earning an hour for the extra 5 years of work? Don't forget FICA and the other costs of working!

I figure this dumb$h!t was paying to work a job that they hated!

If my characterization sounds cold... you just have to trust me... if you worked with this person and was depending on them to get something done... you were usually scr3wed! Why... because their motivation... "I ain't doin' $h!t... 'cept complain profusely".
__________________
chinaco is offline   Reply With Quote
Old 04-22-2011, 08:46 AM   #10
Full time employment: Posting here.
 
Join Date: Dec 2010
Location: Southern California
Posts: 916
The opposite of FIRE is the person holding a sign on the entrance or off ramp of the expressway...

sign reads "Homeless, need food and $$"

but my sign would read "Need internet connection for my FIRE fix" ;-)
__________________
Aiming_4_55 is offline   Reply With Quote
Old 04-22-2011, 09:33 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,126
Not everybody hates their job. Some derive satisfaction from working I'm sure. Some like the people they work with, etc. These people would be a small minority probably.
__________________
Danmar is offline   Reply With Quote
Old 04-22-2011, 09:41 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,964
Quote:
Originally Posted by Danmar View Post
Not everybody hates their job. Some derive satisfaction from working I'm sure. Some like the people they work with, etc. These people would be a small minority probably.
I work with a VP who at 74 still loves what he does, he told me as much just a few days ago. And I told him 'then you should keep right on working' and he should even though his net worth is undoubtedly astronomical. I would love to feel that way about my job, and I once did. I hope to have an encore career that I love, we'll see.
__________________
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 04-22-2011, 09:49 AM   #13
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,372
I watched the video--she is an amazing person (very quick witted, walks to work every day, doesn't wear glasses). You would never know she was 101 when the video was made. Most people her age are not only not able to work, they aren't able to live alone.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 04-22-2011, 10:36 AM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
WATER - working at taking early retirement
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 04-22-2011, 10:58 AM   #15
Thinks s/he gets paid by the post
MasterBlaster's Avatar
 
Join Date: Jun 2005
Posts: 4,359
Quote:
What is the opposite of FIRE?
DROP DEAD - Deferred Retirement Option Plan Don't Ever Admit Defeat
__________________

__________________
MasterBlaster 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
How Not To FIRE Culture FIRE and Money 37 08-07-2009 04:40 AM
The Heresy: On Fire for Semi-FIRE Whisper9999 Young Dreamers 21 10-19-2008 09:39 AM
FIRE isn't for everybody MasterBlaster Life after FIRE 52 09-05-2008 05:34 PM
Changes in FIRE ferco FIRE and Money 5 10-10-2007 09:13 AM
NW since FIRE tryan FIRE and Money 15 08-31-2006 02:51 PM

 

 
All times are GMT -6. The time now is 04:30 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.