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What is the opposite of FIRE?
04-21-2011, 08:04 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 1,305
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What is the opposite of FIRE?
Check out this story. 102 year old finally retires.
102-year-old worker calling it quits - TODAY People - TODAY.com
What do you think her SWR should be? 
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04-21-2011, 11:18 PM
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#2
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Recycles dryer sheets
Join Date: Mar 2010
Location: New England
Posts: 197
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100%?
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04-22-2011, 04:01 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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200% ? 
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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04-22-2011, 06:10 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,233
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What is the opposite of FIRE?
STUPID
(Still Trying to Undo Previous Idiot Decisions)
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04-22-2011, 06:42 AM
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#5
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Recycles dryer sheets
Join Date: Sep 2010
Location: Allen Park
Posts: 118
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God for her. That's probably a big part of what's kept her going so well at 102........ It sure as he11 isn't my path though. 
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04-22-2011, 06:49 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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The opposite of FIRE is someone like my old boss at the hedge fund. I would estimate his pre-crash net worth at close to 100MM. He lost a lot in the crash but is probably worth 25 to 50MM nowadays. Even with his high lifestyle, I think he has more than he could spend. Yet he soldiers on with a tiny fund barely large enout (assets under management) to keep the lights on. Extremely bright guy and I think he keeps it up due to a need for intellectual stimulation and an A type personality.
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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04-22-2011, 06:55 AM
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#7
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,698
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Swamp
SWAMP
Still Working And Mostly Peeved
Still Working And Mighty Prudent
Still Working Amassing a Major Prize
and for those older folks that still remember back in the day...
Still Working Amassing a Monthly Pension
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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.”
― Rudiger Dornbusch
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04-22-2011, 07:39 AM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,288
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The opposite of FIRE is WalMart greeter...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-22-2011, 07:44 AM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
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I have to assume she liked her job.
Even though some may interpret it as foolish (those who hate their j*b)... you have to hand it to her for keeping on keeping on!
But generally speaking about the phenomenon.
I know a person who worked till 70 when they qualified for a full pension at 65 and that pension was very close to 80% of their wages. fairly high paid worker (assume about 70k). I know this person hated their job. It was common knowledge. This person had 40+ years in at 65 which meant they accumulated no meaningful pension increase after 65 because of the formula and rates. They hated their job and was just slacking.... (because I am a manager I know the details)... I know this person got very small raises that did not even keep up with cost of living increase... maybe a 1.5% raise.
I assume the poor fool thought they were milking the company for every last cent... the motivation: [screw them... I hate this place... I will do the absolute minimum and milk these @$$h0les for a paycheck...heh, heh, heh] 
Do the math.... how much was this person earning an hour for the extra 5 years of work? Don't forget FICA and the other costs of working!
I figure this dumb$h!t was paying to work a job that they hated! 
If my characterization sounds cold... you just have to trust me... if you worked with this person and was depending on them to get something done... you were usually scr3wed! Why... because their motivation... "I ain't doin' $h!t... 'cept complain profusely".
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04-22-2011, 07:46 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Dec 2010
Location: USA
Posts: 1,050
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The opposite of FIRE is the person holding a sign on the entrance or off ramp of the expressway...
sign reads "Homeless, need food and $$"
but my sign would read "Need internet connection for my FIRE fix" ;-)
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04-22-2011, 08:33 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
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Not everybody hates their job. Some derive satisfaction from working I'm sure. Some like the people they work with, etc. These people would be a small minority probably.
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04-22-2011, 08:41 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,288
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 Quote:
Originally Posted by Danmar
Not everybody hates their job. Some derive satisfaction from working I'm sure. Some like the people they work with, etc. These people would be a small minority probably.
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I work with a VP who at 74 still loves what he does, he told me as much just a few days ago. And I told him 'then you should keep right on working' and he should even though his net worth is undoubtedly astronomical. I would love to feel that way about my job, and I once did. I hope to have an encore career that I love, we'll see.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-22-2011, 08:49 AM
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#13
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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I watched the video--she is an amazing person (very quick witted, walks to work every day, doesn't wear glasses). You would never know she was 101 when the video was made. Most people her age are not only not able to work, they aren't able to live alone.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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04-22-2011, 09:36 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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WATER - working at taking early retirement
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Have Funds, Will Retire
...not doing anything of true substance...
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04-22-2011, 09:58 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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Quote:
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What is the opposite of FIRE?
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DROP DEAD - Deferred Retirement Option Plan Don't Ever Admit Defeat
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