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Re: Someone Tell Me What To Do!!!!!!
Old 04-14-2005, 07:26 AM   #21
Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 1,318
Re: Someone Tell Me What To Do!!!!!!

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 ;-)
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Re: Someone Tell Me What To Do!!!!!!
Old 04-14-2005, 07:48 AM   #22
Dryer sheet wannabe
Join Date: Mar 2005
Posts: 11
Re: Someone Tell Me What To Do!!!!!!


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.


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Re: Someone Tell Me What To Do!!!!!!
Old 04-15-2005, 07:28 AM   #23
Give me a museum and I'll fill it. (Picasso)
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Join Date: Jul 2003
Location: Kansas City
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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.

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