Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
When you had become self sustained.
Old 01-07-2016, 12:40 PM   #1
Recycles dryer sheets
 
Join Date: Aug 2015
Posts: 340
When you had become self sustained.

At what age you had become a financially self sustained person? Usually there are reasons for it if it happens earlier than average like growing up in a single parent household, parent(s) who did not spoil you or buy even necessary things for you, requiring working for it etc.
I started to work at 18 and while living with my parents, gave them 1/2 of my wages just because my parents could not afford things I wanted to have.
__________________

__________________
VFK57 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 01-07-2016, 12:46 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,888
This summarizes my situation:
__________________

__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 01-07-2016, 12:48 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Apr 2005
Location: Midwest
Posts: 1,570
Age 38. Grew up under the tutelage of ignorance, anger, and alcoholism. Was good enough for the grown-ups I suppose but not for me. I ran away from home at 18 and joined the circus... I mean the Air Force. Did the minimum to get where I wanted to be then kissed them off too.
__________________
razztazz is online now   Reply With Quote
Old 01-07-2016, 01:08 PM   #4
Thinks s/he gets paid by the post
Souschef's Avatar
 
Join Date: Dec 2015
Location: Santa Paula
Posts: 1,186
At age 20. A friend of mine gave me some good advice. As soon as you graduate, get out of NY.
I left home and never looked back. In a book called "The Run for Home" there is a statement"His home had become a loving prison", and I felt that way too.
Years later my mom said that they sort of resented the fact that I left, but that was the way it was.
I worked over 50 years in Aerospace, then retired and again never looked back.
__________________
Retired Jan 2009 Have not looked back.
AA 95%/0/5
WR 2% SI 2SS & 2 Pensions
Souschef is online now   Reply With Quote
Old 01-07-2016, 01:16 PM   #5
Thinks s/he gets paid by the post
2017ish's Avatar
 
Join Date: Apr 2012
Posts: 1,846
23. Second year of law school. Made enough summer after first year to support myself (First year was living off of loans, so don't count that one.)
__________________
OMY * 3 2ish Done 7.28.17
2017ish is offline   Reply With Quote
Old 01-07-2016, 01:20 PM   #6
gone traveling
 
Join Date: Sep 2013
Posts: 1,248
At 18 when I escaped from behind an Iron Curtain and had no choice but to become self sustained.
__________________
eta2020 is offline   Reply With Quote
Old 01-07-2016, 01:21 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Apr 2005
Location: Midwest
Posts: 1,570
I think I may have misread. Self-sustaining, not Financially independent? That would be age 18.
__________________
razztazz is online now   Reply With Quote
Old 01-07-2016, 01:28 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,018
23. Graduated medical school with no debt. Earned low wages as an intern, but did little except work and sleep, so expenses were low. Lived at home, paid rent to Mum and Dad. Saved 75% of the cost of my first car during internship.
__________________
Meadbh is offline   Reply With Quote
Old 01-07-2016, 01:35 PM   #9
Thinks s/he gets paid by the post
Dash man's Avatar
 
Join Date: Mar 2013
Location: Limerick
Posts: 1,668
Age 19 when my parents divorced and said I was on my own. Worked my way through a state university along with a few student loans to help. I think it all made me wiser financially.


Sent from my iPhone using Early Retirement Forum
__________________
Dash man is offline   Reply With Quote
Old 01-07-2016, 01:35 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,527
Somewhere around 18. My parents paid for part of the first year of college, but between loans, scholarships, grants, and part time work I was able to pay for everything after my first year in college.

I figured I was an adult at that point and my parents had their own financial goals in life (mainly retirement) so no need for me to mooch off of them when my arms and legs worked just fine. We never lived a luxurious life growing up so living like a broke college student suited me just fine (and mostly still does!).

I did received a $7000 gift during law school when I was 21. My dad had given my older brother a few thousand $$ in his UTMA account (designed for college savings though he never attended) when we were little, and so wanted to make it fair between what we each received. So after hearing I had PMI on my mortgage for my condo, he asked how much it would take to get it removed. $7,000 which was the 10% of the loan needed to pay it off to get to 80% LTV. I look at that as a gift and not something I needed for support, though the spoon was still silver.

Other than that, it's been $25 or $50 here and there for birthdays and Christmas, and they probably buy slightly more meals out than I do, though I try to treat when I can sneak the bill.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is online now   Reply With Quote
Old 01-07-2016, 01:43 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,867
Age 22, when I graduated from college. I moved out but then moved back home for a few months before moving out again. I was working the whole time and paying my parents some rent for the 7 months I was back home.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is online now   Reply With Quote
Old 01-07-2016, 01:44 PM   #12
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,539
Age 23 when I was hired by the police department and had enough income to support myself. I was still living at home at the time since there was no urgency to leave (we got along well) and Mom liked having a live-in handyman. I paid some rent but it was admittedly token.

My older sister boomeranged back with a 2-year-old son a year or so later. Toddlers and shift work don't go well together so I then got an apartment. She was in a much tougher spot than I was so it didn't trouble me.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 01-07-2016, 01:46 PM   #13
Full time employment: Posting here.
kaudrey's Avatar
 
Join Date: Feb 2006
Location: Alexandria, Va
Posts: 943
22, when I graduated college.
__________________
Two roads diverged in a wood, and I - I took the one less travelled by...
kaudrey is offline   Reply With Quote
Old 01-07-2016, 02:14 PM   #14
Full time employment: Posting here.
jjquantz's Avatar
 
Join Date: Jan 2014
Location: Northern Virginia
Posts: 848
20, when DW and I got married. Took care of the last 2 years of state college on our own, back in the day when a full-time summer job and part time work during the school year could actually cover costs.
__________________
jjquantz is offline   Reply With Quote
Old 01-07-2016, 02:14 PM   #15
Recycles dryer sheets
cooch96's Avatar
 
Join Date: May 2014
Location: Lakewood
Posts: 442
I had a job at 16 and paid for many expenses then (gas, clothes, school supplies etc.), but DM still provided room and at least a third of my board. I was 17 when I joined the army. Future Step-Dad must've paid for flights home on leave (I can't imagine I would've saved 40-60% of my stipend just to return to Iowa), but Uncle Sam provided all the necessities.

I was commissioned a month before I turned 22 and I'm sure I paid for my personal travel after that, but I still wasn't too proud to let my folks pick up the occasional dinner tab.
__________________
Why be normal when you can be yourself?
cooch96 is offline   Reply With Quote
Old 01-07-2016, 02:20 PM   #16
Full time employment: Posting here.
 
Join Date: Apr 2015
Posts: 903
I've been financially self-sustaining since 23 even though I still live with my parents (apartment rental). We immigrated when I was 19 and I was the first one to get a job. Since we moved to the US, my income has always been greater than my parents' combined income. We live together for practical purposes and around 75% of my take-home pay goes towards shared household expenses (and I expect I'll be supporting them upon retirement, too).
__________________
hnzw_rui is offline   Reply With Quote
Old 01-07-2016, 02:39 PM   #17
Recycles dryer sheets
 
Join Date: Nov 2014
Posts: 381
At 18-ish. Left home in a small town in Louisiana to go to college. Grants, Student Loans, summer jobs were required to pay for it. Spent summers at home. Parents were emotionally supportive (especially since I was the first one in the family to go to college out of a total of 11 kids), just couldn't be financially. After graduation moved away from the state at age 22 to work in the semiconductor industry. Priority 1 was to pay off student loans and did that in just a few years.
__________________
big-papa is offline   Reply With Quote
Old 01-07-2016, 03:18 PM   #18
Dryer sheet aficionado
 
Join Date: Jun 2013
Posts: 42
I grew up on the farm in a farming community and was fortunate enough to get paid for whatever work I did. Started work, very, very young and was taught how to save money, only because we never had a lot. Lucky enough to work in the auto industry, in summers after I turned 18 and made big money back then ($10/hr in 1978).

Paid my way thru Engineering School, and bought a brand new car when I graduated. My plan was to take 6 months off and travel to see the things I've missed out on, but the week after I graduated, I started a new job. Been working ever since.

I've been FI for a couple of years now, but just have not pulled that retiring early trigger yet. Maybe soon!
__________________
canuck5 is offline   Reply With Quote
Old 01-07-2016, 03:21 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,293
When I volunteered into the Army at 19.

Sent from my SM-G900V using Early Retirement Forum mobile app
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 01-07-2016, 03:26 PM   #20
Recycles dryer sheets
I was misinformed's Avatar
 
Join Date: Jun 2015
Posts: 57
Well this brings back 40+ year memories...

Age 17 when I left home for college. I had a $1350 scholarship from
which they deducted $600 tuition. That plus a very tiny (maybe about $250)
student loan kept me going. Of course that meant no phone, no car, no travel...

Later in college I had a summer job which paid $860/month and the
opportunity to live in a kind of company dormitory for $25/month. I never
felt so rich ever again...
__________________

__________________
I was misinformed 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


Similar Threads
Thread Thread Starter Forum Replies Last Post
How Many Here Have Experienced a Sustained Net Portfolio Decrease Since Retiring? haha FIRE and Money 50 01-05-2014 08:30 AM
At what age did you become a saver Semiretired2008 FIRE and Money 62 04-30-2013 08:34 AM
Where jobs are created, sustained & economic growth is: Milken Institute study Orchidflower Life after FIRE 0 09-16-2008 10:10 AM
Self-Deprivation Has Become Hip tangomonster Other topics 13 10-19-2007 10:00 PM
How Do you Become a Technical Writer? FinanceDude Other topics 7 08-03-2007 05:12 PM

 

 
All times are GMT -6. The time now is 11:01 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.