ratraceout
Dryer sheet wannabe
- Joined
- Feb 10, 2011
- Messages
- 22
from England! hope to get to know a lot of you.
ok so i have trawled the web and seen the calculations etc on how and when to retire. none seem to make much clear sense to me.
im currently working in a sales job which pays very well and has huge commission potential! lucky me right
but.... i can't stand it anymore. i have been doing it for 20 years, set up and sold a business and then came back into the industry working for another firm. i have suffered with anxiety and depression over the years and most have been linked to the job i think.
im 38 years old and have managed to buy a house in the uk which is worth about £650k and has 150,000 mortgage. i also have a holiday home which i bought for cash and is worth about £1.25m. savings wise im sitting on about 800,000 of which about 400,000 is invested in funds / stocks etc.
the way i see it the holiday home can probably net me about 50-60 k a year in rental. im still young so i wouldnt stop work but just want to get out of the 8-7 daily slog.
problem is i dont know if i can do it and am worried about inflation and many years of retirement. im married but we dont have any kids yet although we will want to have 1 or 2....
any thoughts on what you all believe i should / could do? can i just quit? i have nothing lined up work wise but as i said would want to do something so as not to just fade away... but not high stress work, just something i enjoy...
thanks for reading and looking forward to all your sensible thoughts!!!!
ok so i have trawled the web and seen the calculations etc on how and when to retire. none seem to make much clear sense to me.
im currently working in a sales job which pays very well and has huge commission potential! lucky me right
but.... i can't stand it anymore. i have been doing it for 20 years, set up and sold a business and then came back into the industry working for another firm. i have suffered with anxiety and depression over the years and most have been linked to the job i think.
im 38 years old and have managed to buy a house in the uk which is worth about £650k and has 150,000 mortgage. i also have a holiday home which i bought for cash and is worth about £1.25m. savings wise im sitting on about 800,000 of which about 400,000 is invested in funds / stocks etc.
the way i see it the holiday home can probably net me about 50-60 k a year in rental. im still young so i wouldnt stop work but just want to get out of the 8-7 daily slog.
problem is i dont know if i can do it and am worried about inflation and many years of retirement. im married but we dont have any kids yet although we will want to have 1 or 2....
any thoughts on what you all believe i should / could do? can i just quit? i have nothing lined up work wise but as i said would want to do something so as not to just fade away... but not high stress work, just something i enjoy...
thanks for reading and looking forward to all your sensible thoughts!!!!