thefed said:ive been considering my desire to retire at 45 a lot over the last month or so.
im beginning to think it would be easier overall if i just did something OTHER than my current career. Something that I could do if/when I wanted....
that leave me only one option :self employment. Ideally real estate (sales and/or rehabbing), somethign along those lines.
IT'd definately make it easier financially
Martha said:You currently work as finance manager for a subprime lender. You might consider moving to a more traditional lender employee and maybe moving into commercial lending from consumer lending. The income may be bigger and the work may be more satisfying. I know a person who started out years ago working for a subprime lender, moved to a bank, then moved to an independent commercial mortgage broker and finally to self employment as a commercial loan broker. He makes the big bucks. All commercial loans, which has higher income potential. If you get a good grounding in the lending world you could have some great self employment opportunities later on. And your journey to eventual retirement may be a lot more fun.
thefed said:
Have Funds said:Crying shame...
thefed said:It would've been a crying shame had I still been up to no good once I had a child. things happen for a reason I guess...
CybrMike said:Most people on this board seem quite conservative, as you would expect from the retirement crowd. I've only been here a short while, but it seems to me as some have said, 20 years is quite a long time, and many things can happen.
I would say to concentrate more on ways to earn a higher income. Either via Real estate investing, or starting a business of some sort.
Obviously I'm a bit skewed because of my experiences.
Take this for instance....
Start buying one or two rental properties a year with a minimum $100/month cashflow on each one.
In twenty years you should own 40 rental properties, with some heavy duty equity and a great cashflow ($4000 per month if your still only using the $100 per month calculation). The equity could well be in the hundreds of thousands by that time.
I guess I am just amazed at how some young people look at retirement. Although I will say, I'm skewed
thefed said:That's what's kept me her the last year or 2
thefed said:What about being financially independent would is so terribleto want? What does that have to do with me taking care of my family? I'm not so sure I follow you or HA.
And as far as my marraige not lasting....where do you get that impression? My fiance doesnt NEED to work now, but she does because she wants to. So, she can do whatever she wants when we're 45 as well. I'll retire, and she can work if she wants. Simple as that.