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Re: Is ER more about economics or about getting past social norms and personal f
Old 12-17-2005, 09:05 PM   #21
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Re: Is ER more about economics or about getting past social norms and personal f

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Originally Posted by Have Funds, Will Retire
Just haven't figured out how to live on $12k yet...
I bet Freddie the Freeloader has no probelm living on $12k, I meant $8k, no no I meant $4k, that's not right, must be $25. That's it.

But back to the real world, Lance does it on $13k living in Bangkok.

MJ
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Re: Is ER more about economics or about getting past social norms and personal fears
Old 12-18-2005, 09:25 AM   #22
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Re: Is ER more about economics or about getting past social norms and personal fears

I had a professor once who had everyone in our graduate class make out a list of their most important goals in life. After we worked on this*task for about 10 minutes, he asked the students to pretend that they have only 5 years left to live. What goals on our list would we accomplish first?* His point was that if there is something we want to do in life, do it now, because* we may not be around to do it otherwise. We have absolutely no way to foresee how much time we have left.

Recently, my wife and I visited her father's grave site at Fort Rosecrans Military Cemetery in San Diego. It was a perfect day, with clear skies, lush green grass and the sun shining brightly on the blue waters of the* Pacific Ocean.* While looking at the mausoleum wall where my father-in-law was, my eyes were drawn to a name that was several columns across.* It turned out to be the man who had been my master teacher twenty years ago when I was a student teacher in his classroom at a school in a rough neighborhood of San Diego. He had died only a month before then, at the young age of 60. I had not seen him for several years, but it made me wonder if perhaps he had spent his final years agonizing in a difficult Southeast San Diego minority school, just so he could max out his pension.

This experience helped reinforce my desire to retire at 55 without a full pension, but knowing that my wife and I will spend our final years living comfortably, but not extravagantly doing what we really want to do with a limited number of years left.

Retire Soon

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Re: Is ER more about economics or about getting past social norms and personal fears
Old 12-18-2005, 09:54 AM   #23
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Re: Is ER more about economics or about getting past social norms and personal fears

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Originally Posted by Retire Soon
I had a professor once who had everyone in our graduate class make out a list of their most important goals in life. After, we worked on this*task for about 10 minutes, he asked the students to pretend that they have only 5 years left to live. What goals on our list would we accomplish first?* His point was that if there is something we want to do in life, do it now, because* we may not be around to do it otherwise. We have absolutely no way to foresee how much time we have left.

Recently, my wife and I visited her father's grave* at Fort Rosecrans Military Cemetery in San Diego. It was a perfect day, with clear skies, lush green grass and the sun shining brightly on the blue waters of the* Pacific Ocean.* While looking at the mausoleum wall where my father-in-law was, my eyes were drawn to a name that was several columns across.* It turned out to be the man who had been my master teacher twenty years ago when I was a student teacher in his classroom at a school in a poor neighborhood of San Diego. He had died only a month before then, at the young age of 60. I had not seen him for several years, but it made me wonder if he had spent his final years agonizing in a difficult Southeast San Diego minority school, just so he could max out his pension.

This experience helped reinforce my desire to retire at 55 without a full pension, but knowing that my wife and I will spend our final years living comfortably, but not extravagantly doing what we really want to do with a limited number of years left.

Retire Soon

This was the number one driving force that caused me to walk away
in 1993. Truly, I do not understand hanging onto a job just to
fatten your pension. Look at it this way. I retired with a tiny net worth.
Fast forward 12 years.............
I wish I had quit even sooner.
I could have too,
with 20/20 hindsight.

JG
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Re: Is ER more about economics or about getting past social norms and personal f
Old 12-18-2005, 11:48 AM   #24
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Re: Is ER more about economics or about getting past social norms and personal f

Retire Soon,
Thanks for the post; very appropriate for this board.
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Re: Is ER more about economics or about getting past social norms and personal f
Old 12-18-2005, 12:00 PM   #25
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Re: Is ER more about economics or about getting past social norms and personal f

Quote:
Just haven't figured out how to live on $12k yet...
Me too..

Ed
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Re: Is ER more about economics or about getting past social norms and personal f
Old 12-18-2005, 02:28 PM   #26
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Re: Is ER more about economics or about getting past social norms and personal f

Was talking to a friend this morning and told him I had taken early retirement. He is probably 15 years younger than me with two young children. He said he was hoping his kids would go to a state college then he might be able to retire early. The conversation then turned to the fact that with him and his wife both working they may have to pay the alternative minimum tax (AMT) this year. I asked if he and his wife had maxed out their 401Ks to try to reduce their total taxable income. The reaction was like, why would we do that. He didn't say but my guess is they don't put anything in a 401K.

I thought to myself he will help fund Social Security a long time.

Jeb
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Re: Is ER more about economics or about getting past social norms and personal f
Old 12-18-2005, 07:08 PM   #27
 
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Re: Is ER more about economics or about getting past social norms and personal f

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I thought to myself he will help fund Social Security a long time.
Yup! - I have always said that we are a very, very small minority, and that Social Security will continue to get funded by the working masses. This forum has been around for over 4 years. There are still only 2000 registered members. - That's Worldwide! - The U.S. alone has 300 Million folks.
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