Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 03-17-2009, 09:03 PM   #41
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Quote:
Originally Posted by HFWR View Post
Hey, if they'll invite me over to their McMansion and let me lounge in their pool while tooting their coke and drinking their champagne, I'll reconsider...

I'm not, nor do I ever expect to be, "rich". My lbym lifestyle is an attempt to trade a j*b for freedom, which is more important to me than most material things I can think of. If I had more resources, I'd undoubtedly loosen the purse strings a bit... But I'd still rather go somewhere and/or do something than to own, say, a Rolex.
Agree with you 100%. But also feel little need to pile on folks who do it their way........ as long as "their way" doesn't interfere with "my way" to any appreciable extent.
__________________

__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet 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 03-17-2009, 09:20 PM   #42
Full time employment: Posting here.
UncleHoney's Avatar
 
Join Date: Aug 2006
Location: Columbus
Posts: 769
Never fear folks, the way I got it figured there is always someone out front that will take the hits when it comes to spending or the appearance of spending.

Last week I got an email from an ex-cowroker that is the typical paycheck to paycheck type with a mortgage, a heloc, and piles of CC bills. He's about 50, his wife is about 48 and his two kids are about 16 and 12.

Here's what he had to say;

I'm looking forward to Spring break. Michelle, Jason, Aimee and I are going to Florida and then on a 7 day cruise to the Western Caribbean. I'm spending money like it grows on trees, but the kids will be gone someday, so I might as well enjoy it now and worry about paying for it later.
__________________

__________________
100% retired and working hard at it.
UncleHoney is offline   Reply With Quote
Old 03-17-2009, 09:26 PM   #43
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Posts: 4,764
Quote:
Originally Posted by UncleHoney View Post
Never fear folks, the way I got it figured there is always someone out front that will take the hits when it comes to spending or the appearance of spending.

Last week I got an email from an ex-cowroker that is the typical paycheck to paycheck type with a mortgage, a heloc, and piles of CC bills. He's about 50, his wife is about 48 and his two kids are about 16 and 12.

Here's what he had to say;

I'm looking forward to Spring break. Michelle, Jason, Aimee and I are going to Florida and then on a 7 day cruise to the Western Caribbean. I'm spending money like it grows on trees, but the kids will be gone someday, so I might as well enjoy it now and worry about paying for it later.
Haha! yeah there another trooper! Need a few more of them and its good as gold
__________________
Notmuchlonger is offline   Reply With Quote
Old 03-17-2009, 09:41 PM   #44
Full time employment: Posting here.
UncleHoney's Avatar
 
Join Date: Aug 2006
Location: Columbus
Posts: 769
Quote:
Originally Posted by Notmuchlonger View Post
Haha! yeah there another trooper! Need a few more of them and its good as gold


This was from a guy that was worried about getting laid off a few years ago. On one of our lunch time walks he said, "If I lose my job we will be in deep doggie do in less than 60 days". Then he said to me, "I'll bet you could last for a year or two if you got laid off".

I kinda grinned and said we might be able to make it for about fifteen years if we are careful. I thought I was going to have to give him CPR. Medic, Medic we got a man down over here.
__________________
100% retired and working hard at it.
UncleHoney is offline   Reply With Quote
Old 03-17-2009, 10:14 PM   #45
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,431
We do not drive fancy cars, nor trade them in every few years. We have no fancy clothes either, because we prefer comfy clothes. However, people who know us also know that we have two houses (though each of them is just above average), retire early, and love to travel. So, of course they think we are rich!

Well, despite losing a bunch of money in the market last year, our net worth is still more than most, but do we think of ourselves as rich? No way! We would be able to spend much more (if we wanted to, that is) if we were still working full-time. But, without any pension nor health benefits, if one remembers that a $1M provides you with only $40K/year of before-tax income, that hardly qualifies as rich. One would need a portfolio of several times that to replace the dual income of a working couple.

Rich? No way! So, we do not need to intentionally keep a low profile. We have to keep our expenses down just to survive.
__________________
NW-Bound is offline   Reply With Quote
Old 03-17-2009, 10:30 PM   #46
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,530
Quote:
Originally Posted by jug View Post
Well, I still wear torn underwear...
Well, I've done pretty well for myself, so I treat myself to some luxuries. I've started buying the premium pre-torn underwear. All the cool kids are doing it these days. It's like the jeans with pre-torn holes in the knees from the 90's.
__________________
FUEGO is offline   Reply With Quote
Old 03-17-2009, 10:37 PM   #47
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,530
I'm not rich by any means, but we have sort of been doing the opposite recently and living it up some, and taking a bunch of vacations. None are or have been particularly expensive but I don't think people realize how little we actually spend on these vacations. So the outward appearance is "you're going on vacation AGAIN? But, but, but you just got back?!?!". From the deeeep in debt house-underwater coworker.

I did reveal inadvertently the extent of our portfolio to a close friend and coworker who was lamenting the loss of $20,000 in his 401k. He told me he's sorry because he knows I probably lost closer to $50,000. That's when I had to break it to him that the losses were well into the hundreds of thousands unfortunately. The response was "wow that sucks". Yep. But he's the kind of guy that understands how savvy I am with money and that I save a lot by design.
__________________
FUEGO is offline   Reply With Quote
Old 03-17-2009, 10:40 PM   #48
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,044
Quote:
Originally Posted by NW-Bound View Post
Well, despite losing a bunch of money in the market last year, our net worth is still more than most, but do we think of ourselves as rich? No way! We would be able to spend much more (if we wanted to, that is) if we were still working full-time. But, without any pension nor health benefits, if one remembers that a $1M provides you with only $40K/year of before-tax income, that hardly qualifies as rich. One would need a portfolio of several times that to replace the dual income of a working couple.

Rich? No way! So, we do not need to intentionally keep a low profile. We have to keep our expenses down just to survive.
I agree, $1M is not a lot of money in the world of FIRE. But I haven't been immersed in this world long enough to have forgotten that, to most people, $1M is more money that they'll ever dream to have in their lifetime. You may not think of yourself as rich, but you better believe that if the average joe out there knew you had $1M in the bank, you'd be just another fat cat. You can rationalize it all you want, it doesn't change a thing... In the context of my question, what matters is other people's perception of your financial situation. Whether you think you are rich or not is irrelevant.
__________________
FIREd is offline   Reply With Quote
Old 03-17-2009, 10:59 PM   #49
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,431
Quote:
Originally Posted by FIREdreamer View Post
I agree, $1M is not a lot of money in the world of FIRE.

...In the context of my question, what matters is other people's perception of your financial situation. Whether you think you are rich or not is irrelevant.
Hey, that's why I hang around here with people who understand the concept of 4%SWR. Heh heh heh... And I can even brag that I still have more than $1M not counting the houses. Won't say how much more... Rich? Hey, I recently said I am back working, didn't I? I am posting this in a hotel room, away from home.
__________________
NW-Bound is offline   Reply With Quote
Old 03-17-2009, 11:06 PM   #50
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,044
Quote:
Originally Posted by NW-Bound View Post
I am posting this in a hotel room, away from home.
Glad we can keep you entertained then...
__________________
FIREd is offline   Reply With Quote
Old 03-17-2009, 11:20 PM   #51
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,431
I am not working as hard as I was on the last trip, hence was able to log in to shoot the bull. But I can never have a good night sleep while on a working trip. I tend to get up in the middle of the night sweating.

Darn, all this for a bit of money... I recently posted the song "Dust in the wind", with the lyrics "All your money won't a minute buy...".

I am telling you, I am due to go back into retirement after this trip.
__________________
NW-Bound is offline   Reply With Quote
Old 03-17-2009, 11:36 PM   #52
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,386
Quote:
Originally Posted by NW-Bound View Post
But I can never have a good night sleep while on a working trip. I tend to get up in the middle of the night sweating.
I think that is from those pee-stopper mattress covers.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 03-17-2009, 11:39 PM   #53
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,431
Darn! Why didn't I think of that

But wait! I do not suffer the same when I am on vacation!
__________________
NW-Bound is offline   Reply With Quote
Old 03-17-2009, 11:53 PM   #54
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: Following the nice weather
Posts: 6,430
I'm a bit off the path here. We had always been the millionaires next door, living well under the radar. But when DW inherited 1/2 of her parent's 6000 sq ft house in Arlington VA, we sold ours to buy the other half and were house-rich. Shortly after I took the early out from Megacorp. We decided to downsize and move, but still ended up with a large home on the bay near the ocean. We also have a Mercedes station wagon we bought from the estate. So that makes it hard to live under the radar around here.

When we are back in our small townhouse in western Northern VA we are living in a neighborhood that isn't cheap, because nothing in that area is. But it's much more low key than our primary residence. We are more comfortable with that lifestyle. Back at the beach our neighbors are all either rich or living rich. We sort of feel like the Beverly Hillbillies. But it's great to have a place with plenty of room and draw for visitors. We had more last summer than we've had in the rest of our life put together. It was fun. Maybe in 10 years or so we'll downsize again and move somewhere cheaper. But we've made our decision for now, and we plan to enjoy it.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers, or maybe Sam Clemens
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply With Quote
Old 03-18-2009, 08:29 AM   #55
Recycles dryer sheets
 
Join Date: Jun 2008
Posts: 184
I'm not taking my CLK 500 to the car wash as often.
__________________
Hal3 is offline   Reply With Quote
Old 03-18-2009, 08:33 AM   #56
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
Quote:
Originally Posted by HFWR View Post
Hey, if they'll invite me over to their McMansion and let me lounge in their pool while tooting their coke and drinking their champagne, I'll reconsider...
I have to apologize for this inaccurate stereotyping of DINKs. Everyone knows that DINKs drink single-malt scotch...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 03-18-2009, 08:54 AM   #57
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
The last 2 years I posted a flyer in the teachers break room at the school "Lake House Vacation Rental" ... this brought a few comments to DW like "your independently wealthy" blah, blah, blah. So we'll skip the flyer this year; also never got any hits so that makes it easy.
__________________
FIRE'd since 2005
tryan is offline   Reply With Quote
Old 03-18-2009, 09:03 AM   #58
Thinks s/he gets paid by the post
Rustic23's Avatar
 
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 3,624
In the military everyone knew what everyone else made. Heck they published it in the paper. Your landlord knew when you got a raise! So it did not take much to know that the guy that drove the corvette and lived in an upscale neighborhood either was not lbym or had other income from somewhere. No one discussed finance because there was no need to.

Transition into the private sector was touchy as everyone wanted to keep their salary secret.
__________________
Rustic23 is offline   Reply With Quote
Old 03-18-2009, 09:08 AM   #59
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by Rustic23 View Post
Transition into the private sector was touchy as everyone wanted to keep their salary secret.
It's not just that private sector employees *wanted* to keep their salary secret, though I'm sure some did. Most private sector employers generally forbid employees from discussing salary, with disciplinary action up to and including termination for those who don't comply.
__________________
"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 03-18-2009, 11:07 AM   #60
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
Yeah, my mega corp would even fib (lower) about the average employee raise so they could rob peter to pay paul.
__________________

__________________
FIRE'd since 2005
tryan 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
Warning to Boomers: Difficult Questions Ahead Dog FIRE and Money 2 04-06-2007 10:25 PM
A bit difficult to register... Leveret Forum Admin 2 01-18-2007 02:08 PM
Wow! Quitting a Job is Difficult BunsGettingFirm Young Dreamers 24 04-28-2006 07:25 PM
Warm,Low cost of living,No/Low taxes, inexpensive golf & water sports JohnnieRed Life after FIRE 60 01-16-2006 10:54 AM
Are the last 8 months the most difficult? dex Other topics 1 08-29-2005 12:46 PM

 

 
All times are GMT -6. The time now is 03:19 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.