Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
help me chill out
Old 11-06-2015, 05:46 PM   #1
Recycles dryer sheets
 
Join Date: May 2013
Posts: 213
help me chill out

I can ER, but choose to keep w*rking because I enjoy what I do (sales) and it is not very time-consuming or hard. My income covers my expenses, and I enjoy the feeling of my assets continuing to work for me rather than depleting.

I just found out I'll be receiving annual gifts of $20k/year for the next 10 years. This is "bonus money" and my concern is that my frugal ways will make it difficult for me to splurge a little.

I'm looking for suggestion, psychological tricks I can play on myself, etc. to help me really enjoy this found money rather than just sticking it into the bank account to be used for normal day-to-day expenses.

Thanks.
__________________

__________________
RenoJay 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 11-06-2015, 05:48 PM   #2
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Eagan, MN
Posts: 3,050
Strippers?
__________________

__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is online now   Reply With Quote
Old 11-06-2015, 06:35 PM   #3
Moderator
MBAustin's Avatar
 
Join Date: Jul 2010
Posts: 4,154
Put it in a separate bank account and put a plan together at the beginning of each year on how to spend it so the balance is zero at the end of the year. Go through your bucket list and pick things to do (preferably) or buy. Keep adding to the bucket list as ideas come up. When all of them require more time off than your j*b allows, pull the plug.


Sent from my iPad using Early Retirement Forum
__________________
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
----------------------------------
ER'd Oct. 2010 at 53. Life is good.
MBAustin is offline   Reply With Quote
Old 11-06-2015, 06:45 PM   #4
Thinks s/he gets paid by the post
Dash man's Avatar
 
Join Date: Mar 2013
Location: Limerick
Posts: 1,668
One year use it for something special like a trip or a home improvement project. The next year give back and use it to help an organization of your choice.


Sent from my iPhone using Early Retirement Forum
__________________
Dash man is offline   Reply With Quote
Old 11-06-2015, 07:04 PM   #5
Full time employment: Posting here.
old woman's Avatar
 
Join Date: Dec 2005
Posts: 551
Remember the person giving it to you and honor their wishes for you. Would they like knowing you put it in the bank and didn't spend it or would they want you to take a cruise?

I used to give things like a beautiful coffee cup to an elderly woman but rather than drink coffee from it she put it in a china cabinet. Enjoy the good stuff you won't live forever.

I have quit smoking about 31 years ago and use the cigarette money for flowers for my yard, you can't even spend that much on flowers so it is like free flowers for life.

When you want to buy something like a $300 comforter set when a $100 set would be ok consider the extra two hundred a gift from the donor and get the one you want.

I agreed with myself to buy myself gifts so if I would buy you the best I can buy me the best too.
__________________
old woman is offline   Reply With Quote
Old 11-06-2015, 07:19 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,618
Give the first installment away to charity. You could use a donor-advised fund if you want.

I think that will make you enjoy the subsequent installments better.
__________________
LOL! is offline   Reply With Quote
Old 11-06-2015, 07:37 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 5,326
I just used some of my part-time money to buy a subscription to an events list. It is billed as a Netflix for live events and we have a "happiness concierge" who suggests activities for us each week. It is pretty inexpensive per ticket actually since we are are semi-retired and can attend at least an event or two each week.

Other than that I also save most of my part-time earnings. I like working part-time. I enjoy the extra money, brain work, increased financial security and am okay with leaving whatever we don't need to the kids and charity.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
daylatedollarshort is offline   Reply With Quote
help me chill out
Old 11-07-2015, 07:59 AM   #8
Thinks s/he gets paid by the post
 
Join Date: May 2014
Posts: 1,049
help me chill out

Buy a travel trailer and get out and see the country...
Buy a Harley and go for long drives...
Buy a small home in the country as an escape...


Sent from my iPad using Early Retirement Forum.
__________________
rayinpenn is offline   Reply With Quote
Old 11-07-2015, 08:38 AM   #9
Recycles dryer sheets
 
Join Date: Dec 2013
Location: Georgia
Posts: 88
I like the idea of doing something or buying something that you know the gifter would want you to do or have. It will help you think of them. The gift I received has been earmarked for travel after retirement as that is what I know they would want. They were major retiree travelers - 6 continents and all 50 states for them! I hope to at least match them!
__________________
Sasset is offline   Reply With Quote
Old 11-07-2015, 10:06 AM   #10
Recycles dryer sheets
 
Join Date: Aug 2009
Location: westerville
Posts: 242
I received an inheritance from my grandparents and felt guilty about spending all of it on a sailboat that was on my bucket list. Have had boat for 12 years and have a great time traveling on it, learned a lot and have met many great friends. I am sure the grandparents are happy that I did this as it has enriched my life. I am sure if I was not already financially independent they would have like to seen their gift to me help me become that way so I could be free.
__________________
Trawler is offline   Reply With Quote
Old 11-07-2015, 10:14 AM   #11
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,375
Slot machines.
__________________
“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 11-07-2015, 10:16 AM   #12
Full time employment: Posting here.
 
Join Date: Mar 2015
Location: philly
Posts: 876
Quote:
Originally Posted by Senator View Post
Strippers?
lol, my 21 year old who has two "dancers", he'd like made American citizens, no questions asked


Ironically Senator all my life I wanted to treat myself to a pair of Christian Loubatins shoes, I call them "stripper" shoes because they have 4-5 inch heels and are very expensive.


I finally brought a pair. now I have to work up the nerve to wear them to church.
__________________
bclover is offline   Reply With Quote
Old 11-07-2015, 10:17 AM   #13
Full time employment: Posting here.
 
Join Date: Mar 2015
Location: philly
Posts: 876
Quote:
Originally Posted by RenoJay View Post
I can ER, but choose to keep w*rking because I enjoy what I do (sales) and it is not very time-consuming or hard. My income covers my expenses, and I enjoy the feeling of my assets continuing to work for me rather than depleting.

I just found out I'll be receiving annual gifts of $20k/year for the next 10 years. This is "bonus money" and my concern is that my frugal ways will make it difficult for me to splurge a little.

I'm looking for suggestion, psychological tricks I can play on myself, etc. to help me really enjoy this found money rather than just sticking it into the bank account to be used for normal day-to-day expenses.

Thanks.
Is there something that is really frivolous that you always wanted to do
__________________
bclover is offline   Reply With Quote
Old 11-07-2015, 10:19 AM   #14
Thinks s/he gets paid by the post
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Citizen of Texas
Posts: 2,478
Assuming you can afford to spend it now, how do you think you'll see it looking back when you are 90?

Strippers, slot machines is a good suggestion.
__________________
Car-Guy is online now   Reply With Quote
Old 11-07-2015, 10:38 AM   #15
Recycles dryer sheets
 
Join Date: Mar 2013
Posts: 108
Quote:
Originally Posted by bclover View Post
lol, my 21 year old who has two "dancers", he'd like made American citizens, no questions asked


Ironically Senator all my life I wanted to treat myself to a pair of Christian Loubatins shoes, I call them "stripper" shoes because they have 4-5 inch heels and are very expensive.


I finally brought a pair. now I have to work up the nerve to wear them to church.
I like the look of these shoes, but I don't think I could deal with the attention I'd get wearing them. Especially in church! My church has old tile floors. With those heels, I'd be a 6 ft. + lady click-clicking down the aisle going up for communion.
__________________
hausfrau is offline   Reply With Quote
Old 11-07-2015, 10:45 AM   #16
Recycles dryer sheets
 
Join Date: Mar 2013
Posts: 108
Quote:
Originally Posted by RenoJay View Post
I can ER, but choose to keep w*rking because I enjoy what I do (sales) and it is not very time-consuming or hard. My income covers my expenses, and I enjoy the feeling of my assets continuing to work for me rather than depleting.

I just found out I'll be receiving annual gifts of $20k/year for the next 10 years. This is "bonus money" and my concern is that my frugal ways will make it difficult for me to splurge a little.

I'm looking for suggestion, psychological tricks I can play on myself, etc. to help me really enjoy this found money rather than just sticking it into the bank account to be used for normal day-to-day expenses.

Thanks.
I dunno, I'd probably just save it and live life the way I normally do. There's no sense in spending money on stuff you don't want just because it's there.
__________________
hausfrau is offline   Reply With Quote
Old 11-07-2015, 10:56 AM   #17
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: 42,107
Quote:
Originally Posted by RenoJay View Post
I'm looking for suggestion, psychological tricks I can play on myself, etc. to help me really enjoy this found money rather than just sticking it into the bank account to be used for normal day-to-day expenses.
If I were in your shoes I know exactly what I'd do with a chunk of it each year.

I've always loved stories about 'mystery Santas' who anonymously hand people $100 on the street around the holidays. Think of the fun you could have - not to mention the joy you could bring - randomly gifting some obviously in need person an engraved likeness of old Ben Franklin, then walking away before they could react.
__________________
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 11-07-2015, 10:58 AM   #18
Recycles dryer sheets
T-Minus's Avatar
 
Join Date: Dec 2014
Location: Bend
Posts: 111
Here's how I recently "tricked" myself when I received a similar bonus. I bought a 10-year CD that, at the time, was generating 3%. So, a $20k investment would yield $600/yr or $50/mo. I let the $50/mo "buy" me a Spotify subscription ($10/mo) and an Adobe Creative Cloud for Photographers subscription (also $10/mo), and bank the rest. Believe me, I get a lot of use out of both - one enhances my hobby and the other gives me many hours of listening pleasure. And, as a bonus, the original amount is FDIC insured and untouched (except by inflation).
__________________
T-Minus is offline   Reply With Quote
Old 11-07-2015, 05:49 PM   #19
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,539
Quote:
Originally Posted by REWahoo View Post
I've always loved stories about 'mystery Santas' who anonymously hand people $100 on the street around the holidays. Think of the fun you could have - not to mention the joy you could bring - randomly gifting some obviously in need person an engraved likeness of old Ben Franklin, then walking away before they could react.
I'd probably do something like that myself, in addition to buying more camera gear. Any photographer knows you can never have too much gear.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 11-07-2015, 05:57 PM   #20
Recycles dryer sheets
REattempt's Avatar
 
Join Date: Feb 2010
Posts: 280
Have a serious or semi-serious medical issue, like I had. It will cure you quickly of the "stash it away" mentality. Seriously, enjoy your life, way too short. BTW, I spent my extra money on a custom bike, lost 45 lbs, and rode over 3500 miles this year.


Sent from my iPhone using Early Retirement Forum
__________________

__________________
FIREd at 46, 8/31/11
REattempt 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
Music to chill by Purron Other topics 65 11-04-2013 08:45 PM
The "Medium Chill" - Enjoy life instead of striving to earn more money FUEGO Other topics 7 07-20-2011 08:02 PM
Chill out Purron Other topics 3 10-05-2010 08:41 PM
Feeling a slight chill... Rich_by_the_Bay Life after FIRE 50 03-22-2010 04:47 AM
do you give yourself time start of retirement to chill? retiringat50 Life after FIRE 27 01-10-2008 10:32 PM

 

 
All times are GMT -6. The time now is 07:05 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.