Join Early Retirement Today
Thread Tools Display Modes
Getting off on the right foot
Old 05-26-2007, 07:13 AM   #1
Recycles dryer sheets
Join Date: Sep 2004
Posts: 330
Getting off on the right foot

For those who have ER'd...What are some of the do's and don'ts the first week, the first month and the first year of ER? Was there the temptation to occasionally go back and get a little more cash from the work world?

ferco 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!

Old 05-26-2007, 11:55 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
Send a message via Skype™ to kcowan
Don't make any major decisions. Don't buy anything new. After six months you will be in a better position to understand what your new life is like. No desire for more cash. Focused on budget and portfolio returns. Cancelled extra credit cards. Reviewed banking for excess charges.
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 05-26-2007, 12:37 PM   #3
Full time employment: Posting here.
Cattusbabe's Avatar
Join Date: Apr 2006
Posts: 816
I'll second that. Year one is adjustment year. Stick to your budget and don't look back at the job. I have to admit that in the beginning it felt funny living off of dividends and interest and not seeing that paycheck but I got over that fast. it feels great not having to hit it 40 or more hours per week. Going into year two of FIRE I am confident in our plan and will relax. So long as we stick to our road map (budget) we will do just fine.
A todos los amantes del mundo. No importa el color de su piel, la pasion es universal.

La tavola e il letto non hanno restrizioni.
Any day your on this side of the grass is a good day.
Cattusbabe is offline   Reply With Quote
Old 05-26-2007, 02:54 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
Totally enjoy the 40 year vacation that you are on.
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Old 05-26-2007, 04:15 PM   #5
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 1,183
My favorite suggestion is to ditch the clocks and watches. Sleep when tired and waken naturally. Rest and relax for a while. Read good books and get reacquainted with friends and family. DO NOT overschedule activities or travel. Learn to be good to yourself at the grocery store and in food preparation. Eat well but not richly. Walk and enjoy mother nature when she is not so crowded. Calm and peace come over the first few months. Treat yourself in healthy and relaxing ways.
crazy connie is offline   Reply With Quote
Old 05-27-2007, 12:39 PM   #6
Recycles dryer sheets
Join Date: May 2007
Posts: 107
Some excellent advice here, especially Connie's ! Read it twice, no three time !

For me, I knew ER was coming about 4 months a head of time (but only 4 months, because of corporate issues) and I still wasn't ready for this "change of lifestyle". It's all in your head !

I guess I would say, "Plan Your Day". If you don't plan it, the day will be over and you will not have accomplished anything !!
theoldwizard is offline   Reply With Quote
Old 05-27-2007, 08:20 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,129
You are getting some wise replies.

It took me a full 6 months just to decompress - to get over the shell shock from a stressful, demanding job.

Then I started to kind of get my bearings. It was a gradual process.

It really took me 18 months before I felt I had finally "hit my stride" in retirement.

So definitely give yourself loads of time and don't push yourself initially. You need time to "heal". I honestly did not end up doing many of the things I thought I would do once retired, so very I'm glad I didn't move or make any major investments in something in anticipation of retiring.

For the first week and month - definitely pretend you are on vacation and goof off!


P.S. If you feel inspired to get in shape and/or upgrade your health and eating habits, that's definitely a good thing to focus on the first year, and gives your brain/dreams a chance to catch up to your new situation.
audreyh1 is online now   Reply With Quote
Old 05-27-2007, 09:02 PM   #8
Gone but not forgotten
Khan's Avatar
Join Date: Aug 2006
Posts: 6,924
Send a message via AIM to Khan
I went through a 6 month stretch where I refused to do anything by rules or on schedule. That was basically not physically/mentally healthy.

Have since built a personal eating, exercise, cleaning... schedule.
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Old 05-28-2007, 12:16 AM   #9
Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Originally Posted by ferco View Post
For those who have ER'd...What are some of the do's and don'ts the first week, the first month and the first year of ER? Was there the temptation to occasionally go back and get a little more cash from the work world?

Do whatever you want.

Don't make too much of your first week, month or year. You have time to get it right.

If something is making you uncomfortable or unahappy, eliminate it.

If you want to go back and get a little more cash from the work world, do it.

If you find out you don't like it, don't do it again.

If you do like it, do it some more.

Don't let a bunch of miscreant internet posters who couldn't stand working for a living influence what you really want to do.

Retirement is about choices. You can choose recreation, leisure, self-improvement, learning, or travel. You can choose to sleep all day, to work part time or start a new career. If you change your mind, retirement offers you the freedom to choose something else. More choices bring excitement and anticipation to your life. Why eliminate any of those choices until you decide to?
sgeeeee is offline   Reply With Quote
Old 05-29-2007, 07:29 AM   #10
Recycles dryer sheets
Join Date: Sep 2004
Posts: 330
Thanks for all the posts! I'd think after spending the first couple of days sleeping late w/o having an agenda and blowing a "couple of dollars" (literally) on splurges you settle down by week 2 to some sort of peaceful existence and get your wits about you....and move on. I wouldn't think that one fundamentally changes from the mannerisms that got you to ER. You I think develop a new circle of ER friends since most of your working buddies aren't available during the day, except perhaps for lunch encounters.
ferco is offline   Reply With Quote
Old 05-29-2007, 10:12 AM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
Yep, just be loose and have a good time. Dont do anything major. At some point you'll want to re-run all your financial scenario's and calculators ad nauseum until you are fully comfortable that its all real.

After a few months the feeling that someones going to knock on your door and tell you that theres been some sort of accounting mistake and you dont really have all that money will go away.

But then again, my first act as an ER was a shot of tequila at 10:00 in the morning.

Never had an urge to get more cash from the working world.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny 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
Wearing Shoes in the House Hyperborea Life after FIRE 88 06-03-2007 10:37 AM
We will foot the bill on this one camberiu FIRE and Money 15 04-12-2007 05:43 AM
Funny video -- DEA agent shoots himself in the foot.... JB Other topics 3 04-11-2006 02:07 PM
Hawaii hit by a foot of snow! Nords Other topics 5 02-01-2006 09:37 AM
Book to help Youing Couple Get started on the right financial foot?? haha FIRE and Money 31 08-18-2005 02:24 PM

» Quick Links

All times are GMT -6. The time now is 09:15 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.