dm
Full time employment: Posting here.
I was wondering if ER runs in some families more than others. My father ER at 57 and now says he should have gone sooner. He doesn't say he early retired, he says he quit. He owned his own company. My uncle also retired in his late fifty's. He retired from the Air Force. My grandfather was living on income from rental properties he owned when he was 60, I don't know how long that was going on.
Everyone in my family was frugal. Always saving and investing. While not as frugal as my grandparents, my parents never borrowed money except for the buisness and home loan. Cars and everything else was paid for in cash. And we always had new cars and plenty of stuff.
My in-laws on the other hand seem to work till their dead. My father in-law is drawing a military pension, SS, and still working a civil service job that he can retire on. They owe on everything, still have car and home loans and home equity loans. I mentioned that I was going to pay off my house and he just thought that was foolish. I believe they think if they die owing money that they are ahead.
Thankfully my wife sees things more my way but its taken years to win her over. Of coarse it helps that I take care of the finances and we do well enough that she can have most of what she wants.
Everyone in my family was frugal. Always saving and investing. While not as frugal as my grandparents, my parents never borrowed money except for the buisness and home loan. Cars and everything else was paid for in cash. And we always had new cars and plenty of stuff.
My in-laws on the other hand seem to work till their dead. My father in-law is drawing a military pension, SS, and still working a civil service job that he can retire on. They owe on everything, still have car and home loans and home equity loans. I mentioned that I was going to pay off my house and he just thought that was foolish. I believe they think if they die owing money that they are ahead.
Thankfully my wife sees things more my way but its taken years to win her over. Of coarse it helps that I take care of the finances and we do well enough that she can have most of what she wants.