Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
one step closer
Old 05-22-2019, 08:54 AM   #1941
Full time employment: Posting here.
 
Join Date: Oct 2014
Posts: 648
one step closer

For the past 6 years I have been working a 36/44 every two weeks with every other Friday off. Not a bad schedule overall. There were days that were tough because I umpire baseball games and ref volleyball matches after work. Those were some long days. Like yesterday: I was at work at 0530 and walked into the house at 2200 (had a state baseball playoff game 122 miles from home). Three weeks ago I spoke to my company about working 4 8's with every Friday off for a 32/32 schedule. 64 hours per pay period vice the usual 80. The company was ok with it. Now I had to ask the customer. I spoke with them last Thursday and they gave me the green light. I thought this new schedule would start in June but it turns out it started this week. So basically I have worked my last Friday! Yippee. Three day weekends every weekend. Also anything over 30 is still considered full-time so I keep the company beni's. Not my first step towards ER but this is a good slow down to see how I handle the extra time off. Already FI so need to focus on how to handle the mental aspects and scheduling of time during ER.
__________________

__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. New target 2020.-

-"Blow that dough"-Robbie

" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
Bigdawg 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 05-22-2019, 09:33 AM   #1942
Full time employment: Posting here.
ugeauxgirl's Avatar
 
Join Date: Jan 2016
Location: Rural Alabama
Posts: 624
Quote:
Originally Posted by Bigdawg View Post
For the past 6 years I have been working a 36/44 every two weeks with every other Friday off. Not a bad schedule overall. There were days that were tough because I umpire baseball games and ref volleyball matches after work. Those were some long days. Like yesterday: I was at work at 0530 and walked into the house at 2200 (had a state baseball playoff game 122 miles from home). Three weeks ago I spoke to my company about working 4 8's with every Friday off for a 32/32 schedule. 64 hours per pay period vice the usual 80. The company was ok with it. Now I had to ask the customer. I spoke with them last Thursday and they gave me the green light. I thought this new schedule would start in June but it turns out it started this week. So basically I have worked my last Friday! Yippee. Three day weekends every weekend. Also anything over 30 is still considered full-time so I keep the company beni's. Not my first step towards ER but this is a good slow down to see how I handle the extra time off. Already FI so need to focus on how to handle the mental aspects and scheduling of time during ER.
Congratulations to you! I started taking Fridays off after a particularly stressful period at work in 2015. It improved my attitude significantly, and probably kept me from quitting. I relish my 3 day weekends- I hope you do too!
__________________

__________________
Projected retirement--2020 at age 48
ugeauxgirl is offline   Reply With Quote
Old 05-22-2019, 09:53 AM   #1943
Full time employment: Posting here.
 
Join Date: Oct 2014
Posts: 648
Quote:
Originally Posted by ugeauxgirl View Post
Congratulations to you! I started taking Fridays off after a particularly stressful period at work in 2015. It improved my attitude significantly, and probably kept me from quitting. I relish my 3 day weekends- I hope you do too!
Thanks Yugo girl. LOL jk
__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. New target 2020.-

-"Blow that dough"-Robbie

" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
Bigdawg is offline   Reply With Quote
Old 05-22-2019, 12:29 PM   #1944
Full time employment: Posting here.
davebarnes's Avatar
 
Join Date: Dec 2015
Location: Berkeley, Denver, CO, USA
Posts: 598
Not mine, but interesting.
https://www.wsj.com/articles/end-of-...s&page=1&pos=1
End of an Era as New York’s Budget Hotel King Calls It Quits
Savvy developer Sam Chang offered clean, reasonably priced rooms and built properties away from high-priced corners; on to racing pigeons
"Sam Chang has bought, built or sold more hotel rooms than just about anyone else in New York City. But last year he decided to wind down his business and devote more time to pigeon racing. The 58-year-old hotelier ... And there will be more time for racing pigeons, which he started doing as a boy in Taiwan. Mr. Chang owns a couple hundred homing pigeons in Taiwan and has spent as much as $25,000 on one bird. Thousands of pigeons are released hundreds of miles from their lofts during a series of races with prize money of $1 million or more."
__________________
Dave Barnes
Old (70.6) Fart Nerd
AA 72/22/5, WR=3.6%, still working 1/2ish hrs/day
davebarnes is offline   Reply With Quote
2 piles
Old 06-05-2019, 06:36 AM   #1945
Recycles dryer sheets
 
Join Date: Jun 2008
Posts: 87
2 piles

Our goal is to have "two piles" of income stream. One from our 30 unit rental portfolio, another from our 40/40/20 stock/bond/alt portfolio. right now the RE does give us about 100% of our living needs but we still have some decent sized capex projects so we'll have a couple down years. The regular portfolio is about 1/2 way. our desired income stream is 85K annual. I don't count my web business which gives an extra padding of about 10K annually.

I love this idea because if we have a market meltdown we can leave the portfolio alone and live off the RE, whereas if we want to "upgrade" some units in the buildings, we can take a break and live off our stocks and bonds.

The RE being sort of our "job" we're also able to have a lot of flexibility, and sort of kinda work a "four hour workweek"
hotwired is offline   Reply With Quote
Old 06-05-2019, 07:23 AM   #1946
Full time employment: Posting here.
 
Join Date: Nov 2013
Posts: 515
Quote:
Originally Posted by hotwired View Post
Our goal is to have "two piles" of income stream. One from our 30 unit rental portfolio, another from our 40/40/20 stock/bond/alt portfolio. right now the RE does give us about 100% of our living needs but we still have some decent sized capex projects so we'll have a couple down years. The regular portfolio is about 1/2 way. our desired income stream is 85K annual. I don't count my web business which gives an extra padding of about 10K annually.
Nice work!
I find your AA a bit too conservative, your real estate portfolio is acting like a bond fund IMO.
NgineER is offline   Reply With Quote
Conservative
Old 06-05-2019, 07:59 AM   #1947
Recycles dryer sheets
 
Join Date: Jun 2008
Posts: 87
Conservative

Thanks for the input. I do struggle with that concept of what asset class my real estate is. Is it bonds? Is it a business? It does sort of behave like a bond although the price doesn't fluctuate much but the income does. A big chunk of my 20% allocation to alternatives are very stock like, master limited partnerships, high yield REITs, etc., but I am going to revisit that notion and investigate a little and maybe tweak my stock allocation up with a little bit.
hotwired is offline   Reply With Quote
Old 06-05-2019, 08:37 AM   #1948
Recycles dryer sheets
 
Join Date: Mar 2014
Location: Dallas
Posts: 363
Quote:
Originally Posted by hotwired View Post
Thanks for the input. I do struggle with that concept of what asset class my real estate is. Is it bonds? Is it a business? It does sort of behave like a bond although the price doesn't fluctuate much but the income does. A big chunk of my 20% allocation to alternatives are very stock like, master limited partnerships, high yield REITs, etc., but I am going to revisit that notion and investigate a little and maybe tweak my stock allocation up with a little bit.
I do treat real estate as bond in my portfolio so my non-real estate portfolio is generally 90+10 stock/cash. My reasoning:
* RE provides regular interest (cashflow) in normal years
* There is a chance of "default" in RE if it stays unoccupied so I carry diversified RE portfolio: different size, location, kind, etc.
* Few of the up-sides on RE that makes it worth taking "default" risks:
1. Principle (equity) is inflation-protected
2. The default (unoccupied RE) is temporary and without any major loss of principle (equity)
3. Tax efficiency of a business.

PS: The real downside to RE is irreversible material changes to RE location/city/area resulting the RE price and rent going down permanently.
__________________

pjigar 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


» Quick Links

 
All times are GMT -6. The time now is 06:55 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.