Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Okay...Let's Get To The Meat...
Old 07-26-2004, 06:59 AM   #21
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: Okay...Let's Get To The Meat...

Derserat - you're saving more than I ever made in total income the bulk of my working career - except the last five years maybe.

Which brings me back to the real meat. Anyone looked at compounding spans. My original was a single sheet of graph paper compounded at 7.95% from 1976 - 2006, age 63. I used a weighted asset class growth method (T. Rowe Price Phd, AAII chapter meeting) - before I'd ever heard of MPT, Bernstein. Blind luck - our 401k had 500 index.

Love that compounding curve.
__________________

__________________
unclemick 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: Okay...Let's Get To The Meat...
Old 07-26-2004, 07:15 AM   #22
Thinks s/he gets paid by the post
 
Join Date: Jul 2004
Posts: 1,072
Re: Okay...Let's Get To The Meat...

Thanks, John and unclemick;

I read a long time ago where they did a comparative study on Harvard grads between those who wrote down their goals; short-term and long-term; versus those who didn't - the writers met and exceeded their goals.

Now every year, I write down my goals and review the last year's as well as track the long term ones. Amazing how the physical manifestation of a thought onto a piece of paper can motivate a person.

Those goals are not just monetary.

As for my savings goals----I am trying to see how little I can live on while still enjoying my lifestyle. I don't have any children and don't have any debts except my house, which is appreciating very nicely right now. I've read many financial management books and found that saving money and lowering ones lifestyle expectations are perhaps the most important keys to being able to retire early.

My definition of retirement is being able to do what I want with my time - if that means trading it for some more money, then fine, but not *having* to do that is the key for me.

And the mantra above is what this BBS (I'm dating myself with that moniker) sings at choir practice everyday

Thanks again to all for your great ideas and dialogue - sure helps me....

Deserat
__________________

__________________
Deserat aka Bridget
“We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm.” - George Orwell/Winston Churchill
deserat is offline   Reply With Quote
Re: Okay...Let's Get To The Meat...
Old 07-26-2004, 12:37 PM   #23
Full time employment: Posting here.
bow-tie's Avatar
 
Join Date: Mar 2004
Posts: 687
Re: Okay...Let's Get To The Meat...

Quote:
My definition of retirement is being able to do what I want with my time - if that means trading it for some more money, then fine, but not *having* to do that is the key for me.
Deserat
Amen to that....

Our goals are approx 35% of gross to ER... but total savings are approx 40%+. Gotta get that house paid off...

Debt is so overrated
__________________

__________________
Diggin' my way to financial freedom, one buck-at-a-time
bow-tie 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
ER Forum Cookbook -- Recipe Posting Thread TromboneAl Other topics 322 10-04-2016 08:33 PM
Protein will kill you ... wabmester Life after FIRE 89 04-13-2006 11:57 PM
Bad Service Gripe Thread BigMoneyJim Other topics 12 03-03-2006 10:33 AM
Your Cheapness Threshold TromboneAl Life after FIRE 62 05-17-2005 08:57 PM
Good recipes #1 cute fuzzy bunny Other topics 12 04-26-2004 01:50 PM

 

 
All times are GMT -6. The time now is 12:49 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.