Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 09-13-2010, 12:58 AM   #41
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,664
I don't think the article, or the $75k number, is meant to include retirees or FIRE-seekers at all. For retirees, I'd guess the plateau is somewhat lower than $75k, and for FIRE-seekers, much higher, since the faster your progress to FIRE, the better, once you've got the bug.

The meaning and purpose of money is completely different for a devoted FIRE-seeker than it is for a typical worker-consumer.
__________________

__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward 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 09-13-2010, 06:53 PM   #42
Recycles dryer sheets
 
Join Date: Jul 2010
Posts: 58
Quote:
Originally Posted by youbet View Post
Of course it's possible to retire on under $50k/yr with no pension or inheritance. But it isn't a matter of wanting it enough. It's a matter of chosing to live your life in a style that allows you to accumulate enough to achieve FIRE at that income level. And that's a personal decision. I chose to be responsible for others, raise a family, pay for my son's college, travel and on and on. That's how I wanted to do it. You've mentioned your life style a number of times, very different from what I chose, and I certainly respect that you should live your life as you wish.
So what you are saying is that you want other things more. To me, that sounds like a perfect definition of not wanting it enough
__________________

__________________
TomG is offline   Reply With Quote
Old 09-15-2010, 11:06 PM   #43
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 TomG View Post
So what you are saying is that you want other things more.
No, not what I am saying at all. Why bother posting ridiculous paraphrasing of another's words when you could simply express your thoughts in your own words?
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 09-16-2010, 09:16 PM   #44
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
$75K is only a number. The author is trying to say that additional income beyond a certain threshold (whatever that may be for each individual) does not bring the same degree of happiness or satisfaction as at lower income.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 09-16-2010, 11:32 PM   #45
Full time employment: Posting here.
flyfishnevada's Avatar
 
Join Date: Jan 2010
Location: Smith
Posts: 743
Quote:
Originally Posted by johnoh View Post
They should poll boat owners as to their day to day happiness AFTER they sell their boat. Maybe above 75k you have enough to buy things that are a pain in the neck.
Yes, yes, yes!! I have given up on collecting things with engines. What a PITA!

Quote:
Originally Posted by W2R View Post
Last year I was making more than $75K while w*rking.
This year I have retired on less and I am 1000% happier.

For me, the size of my income while w*rking was trivial compared with the freedom of FIRE with a decent income.
Couldn't have said it better. I would guess that after $75,000 (or whatever the magic number is) the stress and anxiety that comes with the big paycheck contributes to the happiness, or lack thereof, factor.

Quote:
Originally Posted by Onward View Post
I don't think the article, or the $75k number, is meant to include retirees or FIRE-seekers at all. For retirees, I'd guess the plateau is somewhat lower than $75k, and for FIRE-seekers, much higher, since the faster your progress to FIRE, the better, once you've got the bug.
$75,000 grand in the w*rk world is like maybe $50,000 in the FIRE world. No commutes, no kids, no saving to FIRE, no $500 dollars suits, etc.

Quote:
Originally Posted by chinaco View Post
I think the point is that at that income level, most people can pay their bills, buy a home, own cars, save a couple of bucks and not struggle.... the basic American Dream.
Quote:
Originally Posted by Spanky View Post
$75K is only a number. The author is trying to say that additional income beyond a certain threshold (whatever that may be for each individual) does not bring the same degree of happiness or satisfaction as at lower income.
Ya, anything above comfortable living just doesn't bring anymore happiness. Would a BMW 5 series make you significantly happier than a 3 series? Would another 1000 sqft of house to clean and maintain make you happier? Would a crazy, whirlwind trip to Europe make you any happier than the same trip to New York?
__________________
Retired July 4th, 2010 at age 43
Trout Bum, Writer, Full-Time Dad and Husband


flyfishnevada is offline   Reply With Quote
Old 09-17-2010, 12:40 PM   #46
Thinks s/he gets paid by the post
Bimmerbill's Avatar
 
Join Date: Jan 2006
Posts: 1,631
I know I'd be happy on $75K a day.
__________________

__________________
Bimmerbill 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
My First Day Madison Life after FIRE 9 09-23-2008 06:01 PM
What he does all day. gratefuled Life after FIRE 81 09-05-2008 05:19 PM
The new baby is home!! St.Patty's Day is his B-Day!! thefed Other topics 20 03-21-2008 04:48 PM
How do you tolerate the Peaks and Vallies? I'm having a hard time! thefed FIRE and Money 117 05-10-2006 03:46 AM
Staying the course is a day-to-day struggle azanon Young Dreamers 37 01-17-2006 03:05 PM

 

 
All times are GMT -6. The time now is 05:50 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.