Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 04-24-2014, 02:43 PM   #21
Recycles dryer sheets
A Bird In Hand's Avatar
 
Join Date: May 2012
Posts: 121
Quote:
Originally Posted by Midpack View Post
I read the OP for more than just the "idea of FIRE" in him/her saying "I've recently brought up to a few friends that I think we're going to make the jump for moving and FIRE. They think I'm crazy/nuts. How is it possible? Who can has extra money to save?"
Perhaps I should have said "the idea of the OP and her husband FIRE-ing". At any rate, the OP didn't say anything about discussing financial particulars with friends. You seem to have inferred that based on....

Quote:
How one could bring up EARLY retirement without expecting any discussion/questions about "financial beans" is beyond me. YMMV
As I mentioned, I've brought up my plans for early retirement with plenty of people, and I can't think of a single case where anyone started asking me to divulge my net worth, or how much money I had invested, etc. General questions about how could it be possible to save enough to retire early? Yes, and then then I usually steer the conversation toward LBYM and how that both maximizes savings and minimizes expected spending in retirement.

The vast majority of people I've encountered are pretty guarded when it comes to disclosing personal financial information or asking others about theirs. You yourself claim to be in that camp, so how this idea is beyond you...is beyond me! YMMV indeed!
__________________

__________________
A Bird In Hand 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 04-24-2014, 02:44 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 6,333
Never Complain, Never Explain.

More and more I see the wisdom in this advise.
__________________

__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Old 04-24-2014, 03:01 PM   #23
Recycles dryer sheets
 
Join Date: Oct 2011
Location: Upstate Ruralia
Posts: 283
When I worked, and had a Company car that I could use for my own use, MANY of my friends chided me because "I could afford a luxury car...why did I not buy one?"instead of using the bland common company car..

They never appreciated the thing that made that Company car so valuable:

The little blue Company credit card in the glove compartment of my bland little truck.

The Company paid the fuel, repairs, tires, insurance, etc......for THIRTY TWO YEARS.

I was allowed to use the truck because I was "on call" 24 hours a day....BUT...I can't begin to tell the number of people who tried to make me feel "cheap" because I would not buy another car with which to duplicate the Company truck's use....

So...they all bought cars and trucks for 30 years....to impress people, mostly, while I trucked around in the BOW-RING company vehicles...and SAVED like a demon possessed!!!

Guess who is retired at 57

That would be......ME!!!!!!!!!!!!!
__________________
Lcountz is offline   Reply With Quote
Old 04-24-2014, 03:35 PM   #24
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,044
I just don't talk about my means with anyone. As for my ER plans, well I think they are pretty clear to anyone who pays attention.
__________________
FIREd is online now   Reply With Quote
Old 04-24-2014, 05:00 PM   #25
Recycles dryer sheets
truenorth418's Avatar
 
Join Date: Sep 2011
Location: New York
Posts: 484
Throughout my working career I occasionally encountered people who liked to talk about the idea of retiring early. This usually took the form of sharing their dream retirement locations or lifestyles. It was always fun to talk about but apparently it was only abstract fantasy for them and I was the only one who actually had a plan in place.
__________________
truenorth418 is offline   Reply With Quote
Old 04-24-2014, 05:44 PM   #26
Full time employment: Posting here.
 
Join Date: Jan 2007
Posts: 854
When the time comes...

Maybe I'll say that we've landed a temporary full-time ER gig - and that if we do a good job, we'll be promoted to a permanent full-time ER gig...!



Kindest regards.
__________________
spncity is offline   Reply With Quote
Old 04-24-2014, 06:42 PM   #27
Thinks s/he gets paid by the post
 
Join Date: Feb 2011
Posts: 1,629
Quote:
Originally Posted by Lcountz View Post
When I worked, and had a Company car that I could use for my own use, MANY of my friends chided me because "I could afford a luxury car...why did I not buy one?"instead of using the bland common company car..

They never appreciated the thing that made that Company car so valuable:

The little blue Company credit card in the glove compartment of my bland little truck.

The Company paid the fuel, repairs, tires, insurance, etc......for THIRTY TWO YEARS.

I was allowed to use the truck because I was "on call" 24 hours a day....BUT...I can't begin to tell the number of people who tried to make me feel "cheap" because I would not buy another car with which to duplicate the Company truck's use....

So...they all bought cars and trucks for 30 years....to impress people, mostly, while I trucked around in the BOW-RING company vehicles...and SAVED like a demon possessed!!!

Guess who is retired at 57

That would be......ME!!!!!!!!!!!!!
Good story. It' s all about LBYM choices over the decades.
It's a great way to save for a vacation......and what's retirement but a long, long vacation
__________________
ERhoosier is offline   Reply With Quote
Old 04-24-2014, 11:52 PM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,385
I just don't look affluent. I live in a building where everyone works, I am sure when they see me around they assume I live on social security. People who do not live here assume that I am a renter, as over 40% of Seattleites are. Nobody has every asked me about money, or offered information about his or her finances. I once asked a woman I was dating about her money, because I could tell she was blowing through a nice inheritance with the speed of light. I hoped I could clue her to find out about a better path. She was offended so I shut up. I occasionally talk to her though I won't go near her. She is quite attractive but essentially broke; I consider her to be radioactive.

My sister knows I have not worked in years, raised two children, financially survived a divorce in late middle age, but she has never asked me anything about money, either general or particular. She has 4 children who have never asked me anything about college loans, or job planning, or avoiding exploitive dating partners or anything else, other than "howya doin' Uncle Ha?". They make a series of questionable choices but I guess the idea of talking to me about life planning just doesn't appeal.

Though I have sometimes felt ignored about something which is actually my best talent, it works out very well for me. I will never have to be impolite or turn down a loan request, as I will never get one.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 04-25-2014, 12:45 AM   #29
Recycles dryer sheets
 
Join Date: Mar 2014
Location: Laguna Hills
Posts: 137
See your point Ha but your loved ones cannot gain from your financial wisdom if they are totally unaware of it.
__________________
longranger is offline   Reply With Quote
Old 04-26-2014, 05:32 PM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,894
Quote:
Originally Posted by longranger View Post
See your point Ha but your loved ones cannot gain from your financial wisdom if they are totally unaware of it.
I'm in Ha's camp on this one. Any advice I've given gets flushed after they find out if might take more than a year to accomplish or require some sacrifice on their part.
__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 04-26-2014, 05:45 PM   #31
Thinks s/he gets paid by the post
imoldernu's Avatar
 
Join Date: Jul 2012
Location: Peru
Posts: 4,616
Does not remembering what ya said yesterday...and then saying something different... Does that constitute lying?
__________________
imoldernu is offline   Reply With Quote
Old 04-26-2014, 06:48 PM   #32
Thinks s/he gets paid by the post
Rustic23's Avatar
 
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 3,624
I figure I am where most of my old friends are trying to get. So I didn't and still don't hide that I don't work. In fact I tell people I have found something I am really, really good at, and I am going to keep on doing it forever! I have not put a sign in the front yard, but that's just because all my neighbors retired early or on time.
__________________
If it is after 5:00 when I post I reserve the right to disavow anything I posted.
Rustic23 is offline   Reply With Quote
Old 04-26-2014, 07:26 PM   #33
Thinks s/he gets paid by the post
growing_older's Avatar
 
Join Date: Jun 2007
Posts: 2,608
I rarely encounter people who want to talk about Early Retirement, or anything financial or remotely related to saving in any way. A few times someone has brought up Early Retirement, and they all turned out to be gung ho on day trading or house flipping as their road to nearly instant riches. Those all ended badly.

Even talking to financial folks at work about the company 401k plan (it's bad now, but it used to be terrible) it's almost impossible to get them to understand that the fund salesman isn't our friend and that fees matter.

As for discussing retirement plans at work, that would be career suicide. As an older tech worker I'm already fighting an uphill battle against agism. If word of retirement plans got out, I'd be sidelined or even laid off very shortly.
__________________
growing_older is offline   Reply With Quote
Old 04-27-2014, 10:16 AM   #34
Full time employment: Posting here.
 
Join Date: Apr 2006
Posts: 944
Now being 57 I have no problem telling people that I am retired. I never discuss finances with anyone other than suggesting VG as a good place to consider for investing.
The closest I came to discussing how much I have was 5 years ago. My then 15yo son asked if I was a millionaire......I just smiled and winked at him
__________________
Freed at 49. You only live once - live it
Donzo is offline   Reply With Quote
Old 04-27-2014, 10:23 AM   #35
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2013
Posts: 5,581
Quote:
Originally Posted by imoldernu View Post
Does not remembering what ya said yesterday...and then saying something different... Does that constitute lying?
That's Jack Daniels.
MRG
__________________
MRG is offline   Reply With Quote
Lie about retirement
Old 04-27-2014, 12:42 PM   #36
Dryer sheet aficionado
Green Hornet 21's Avatar
 
Join Date: Nov 2013
Location: Houston
Posts: 34
Lie about retirement

I work in a Corporate environment with mostly engineers who are now or plan to work into their late 60s/early 70s. I don't share my plans to retire in December 2015, at the age of 55 with anyone at work. I am considered a part of the financial senior management team and believe my status would suffer if people knew the limited duration of my full time career. To maintain my position I have to approach my job as if I plan on continuing my 25 year corporate ladder climb at this company indefinitely. On the other hand I spend my free time planning and researching my future finances as well as the things I want to do and study in retirement. DW and I have already joined a hiking club and a travel club that will have us on the road for long periods of time once I take the plunge. We are also looking at homes in areas that are an hour or more outside of the city. Sometimes maintaining this dual focus can be quite a challenge but likely offers some insight into my chosen moniker for this site. I do discuss my plans with several friends who were able to retire in their 50s. They are happy to listen to my strategies and are very open about how they did it. Much like so many of the people on this site.
__________________
Green Hornet 21 is offline   Reply With Quote
Old 04-29-2014, 03:11 PM   #37
Recycles dryer sheets
iam21177's Avatar
 
Join Date: May 2011
Posts: 159
I don't think I will lie to family and close friends. We'll probably share our plans. I used to let our ER plans come up in casual conversation, but I have since stopped that. People get so angry or cynical, and I find myself defending our desire to save. It's the equivalent of showing off to them. So now I don't even share that. I probably will not say anything unless asked directly.

I did ask my H if we're going to throw a retirement party for ourselves. HA! In reality, we'll just slip under the radar I think.
__________________
iam21177 is offline   Reply With Quote
Old 04-29-2014, 03:14 PM   #38
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 2,906
I do lie when I am getting my hair cut. When someone asks "so, do you have the rest of the day off?" I mumble something about being on vacation. I just feel guilty not having to work at a youngish age especially when dealing with someone who has to be indoors on a 75 degree sunny day in Seattle. (but maybe they love their job...it is just the way I feel).
__________________

__________________
Fermion is online now   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
The Big Investment Lie (excerpt) pedorrero FIRE and Money 53 11-30-2007 01:21 PM
Dollar cost averaging is... a lie? Sisyphus Young Dreamers 43 07-09-2007 05:15 PM
Why Lie ? Moemg Other topics 18 06-23-2007 12:58 PM
Do you think people on the board lie about their financial position? Wealth Health Young Dreamers 51 04-30-2007 09:09 AM
How often do you lie on polls? cute fuzzy bunny Other topics 16 02-22-2006 06:49 PM

 

 
All times are GMT -6. The time now is 02:16 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.