Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Someone Tell Me What To Do!!!!!!
Old 04-14-2005, 08:26 AM   #21
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,318
Re: Someone Tell Me What To Do!!!!!!

HC1811,
If you paid off the mortgages, how much income in rents (net of expenses and rates) would the properties generate? Would that get you to your 17k or 20k?

Maybe what you need right now is a sabbatical -- a year to unwind and do all the golf etc etc. At the end of the year, if you find you still need income, you may be able to look into a new line of interest that can generate a bit here and there without too much aggro. (notice the lingo? I lived in UK for a few years ;-)

Seriously, I was so fried when I first started ER that I swore I'd never work a day again, but after a year found that a little here and a little there was actually kind of pleasant. Some of it has been paid, most of it unpaid.
__________________

__________________
ER for 10 years; living off 4.3% of savings (and a few book royalties ;-)
ESRBob 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!

Re: Someone Tell Me What To Do!!!!!!
Old 04-14-2005, 08:48 AM   #22
Dryer sheet wannabe
 
Join Date: Mar 2005
Posts: 11
Re: Someone Tell Me What To Do!!!!!!

ESR Bob

Thanks for the replies.

If I was to clear all the buy to lets it would generate an income of 16200 after tax and running expenses.

I think you are probably right, I should sit on the money for 6 to 12 months and then have another look at the situation.

I think semi-retired is also the right title!!

I will probably get bored out of my mind and miss the social interaction of doing some kind of work, even if it is just part time.

HC1811
__________________

__________________
HC1811 is offline   Reply With Quote
Re: Someone Tell Me What To Do!!!!!!
Old 04-15-2005, 08:28 AM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,409
Re: Someone Tell Me What To Do!!!!!!

61/62 with a n/w of 1.1 mil - the bulk of which ocurred after ER(1993).

Time in the market not market timing. History was kind in the 90's, but the principle is the same.
__________________

__________________
unclemick 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


 

 
All times are GMT -6. The time now is 08:51 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.