Join Early Retirement Today
Thread Tools Display Modes
Hi, I'm Andrew
Old 07-02-2002, 06:35 PM   #1
Confused about dryer sheets
Join Date: Jul 2002
Posts: 7
Hi, I'm Andrew

I've been following the REHP forum on the Motley Fool for about a year and a half now. When the Yahoo and MSN REHP forums were started this year, I signed up for those too, and now this one. So now I have four Retire Early boards to keep up with.

I mostly lurk and occasionally post. I have more to learn than to teach, and I figure I'm taking advantage of some great minds out there (intercst and others).

I retired in October 2000 at age 39. In my case my ability to retire early was due partly to lifetime LBYM, partly to stock market gains, but also partly to luck.

I'm just a college dropout from Cleveland who worked for many years as a telephone company office clerk. In 1995, finding myself in the right place at the right time and knowing the right people, I got the chance for a promotion to management which also meant moving to Chicago. Now I found myself in the company's regulatory department with responsibilities much broader in scope than I'd had before. I also found out firsthand about brutal, crushing deadlines and mandatory overtime, which I hadn't been used to. I didn't mind the work itself, and I enjoyed the social aspects of working; it was the stress, the long hours, and the "corporate culture" politics I could have done without.

At 27 I had read Paul Terhorst's book on retiring early, and the idea was still in the back of my mind. I looked at the growth of my savings and investments and figured I was on track to retire around 48 or so.

Then, due to a merger, my job was eliminated in the year 2000. My job responsibilities were being moved to Texas, and I didn't want to go. The very generous buyout offer I received, plus my accumulated lump sum pension payout, was enough that my net worth nearly doubled overnight. It was somewhat less than I had wanted to retire on, but I had seen this coming for many months and had plenty of time to crunch the numbers. It was around this time that I discovered intercst's website and the safe withdrawal rate studies. I figured out that I'd be able to live off what I already had. So, I decided that my job termination was the launch to my Early Retirement.

I like these message boards because I have access to a wealth of information from other people that is helping me fine-tune my investing strategies. I really learned most of what I know about investing after I retired. During the 1990s, I saw my 401K funds produce annual returns of 15-20% a year, but I didn't really understand what I was invested in. I now realize my returns were "dumb luck" and that I was riding the great 1990s bull market wave. When I left my job, I knew I had better do some research and learn more specifics about investing, and that's where intercst's website as well as the Motley Fool boards came in.

I also like the boards because I don't know any other Very Early Retirees in "real life", so here I can get acquainted with others who have done what I've done. I'll also admit to a curiosity about what it is that other people do all day long if they're not working.

In my first year-and-a-half of retirement, I've been taking it very easy and basically living like a slacker. Once I tie up some loose ends here at home, I'd like to do some extensive traveling -- in fact, I'm very intrigued with the idea of giving up my apartment and just wandering the world Paul Terhorst-style. I'm single and have no kids, so I'm free to come and go. I'd like to find a traveling companion, but will do it on my own if that doesn't happen.
andrew61 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 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: Hi, I'm Andrew
Old 08-02-2002, 10:45 AM   #2
Confused about dryer sheets
Join Date: Aug 2002
Posts: 7
Re: Hi, I'm Andrew

Hi Andrew - I'd definetly recommend doing the full time travel thing. I've been doing it part time for the past 3 years and have recently took the plunge and doing it full time. No regrets and it can be done very inexpensively. My expenses continue to drop every year. When I originally retired I thought I would need $1500 - $2000 per month to live and travel on (with costs divided equal between them). However in the past three years I am finding that I can do both under $1000/month. Even less now that I have given up my home. Of course your lifestyle will influence your expenses - and I'm into free things like hiking, biking, etc. I've also found it far cheaper to travel for long periods of time than for short ones. There are many things you can do on longer trips, like rent off season vacation homes or rent a room, Stay at Hostels or camp out, cook your own food, etc. that can reduce costs substantially. If you've read Paul T.'s stuff then you already know this. Also don't wait until you have a travel compainion. Doing it alone is GREAT! Better in a way because you don't need to compromise and can fly by the seat of your pants. Also there are so many people out there doing this kind of thing and you'll meet so many new and exciting people thru out your journey that you'll never really be alone!
Cody-Girl is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
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
A critique of "Missed Fortune 101" Silhan FIRE and Money 78 04-13-2008 10:45 PM

» Quick Links

All times are GMT -6. The time now is 09:31 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.