REattempt
Recycles dryer sheets
- Joined
- Feb 27, 2010
- Messages
- 293
So, at the tender age of 47, I decided to retire early. Some of you helped me with my decision. Thank you.
I put my budget together to maintain the same spending level after I left w*rk. My budget is = 2.8% WR (net of debt free property worth 750K today). I'm happy to report that I've spent less than my budget, so it shouldn't be too difficult to maintain something reasonable.
I've spent the first two months cleaning up financial situation (trust titling, HC insurance, accounts). All the stuff I never had time to do before that should have been done. I also decided to clean out the house. Made it through the upstairs and a portion of the 1st floor. Started in the Basement and started to EBay all the stuff I've accumulated. Now THATS w*rk.
I also have been trying to structure assets appropriately to get the allocations set up.
Finally, I've had sometime to do some reading for "fun," and spend some time contemplating long term investing given my age. One of the books I read is "Living without Oil." http://www.amazon.com/Life-Without-Oil-Energy-Future/dp/1616144017
Wow. I've been learning about issues in the Middle East, Global Debt issues and Peak Oil. I'm really concerned that between debt/spending issues and declining oil production, we are in for BIG trouble. Finally last night I was watching a survivalist show that showed some people that are preparing for the worst...guns, manual wells, food stores, even a truck that runs on wood!
I've worked myself into a bit of a ....er... anxiety state.
If we have a prolonged depression due to debt/spending & Oil issues, how will I survive? What will happen to my kids future? How do I protect my assets? Can I protect them?
Now I'm thinking about selling everything and fantasizing about buying property that I can cultivate food with enough forest to be able to cook and heat a diminutive well insulated house with manual pumps and handguns pointed in every direction.
So much for reading for "fun."
Anyone else concerned? What actions if any are you taking? If I were 60, I might think about it differently, but while my financial state is certainly not tenuous, I have enough of my German mother [who lived through the depression] in me to start preparing.
Thoughts?
I put my budget together to maintain the same spending level after I left w*rk. My budget is = 2.8% WR (net of debt free property worth 750K today). I'm happy to report that I've spent less than my budget, so it shouldn't be too difficult to maintain something reasonable.
I've spent the first two months cleaning up financial situation (trust titling, HC insurance, accounts). All the stuff I never had time to do before that should have been done. I also decided to clean out the house. Made it through the upstairs and a portion of the 1st floor. Started in the Basement and started to EBay all the stuff I've accumulated. Now THATS w*rk.
I also have been trying to structure assets appropriately to get the allocations set up.
Finally, I've had sometime to do some reading for "fun," and spend some time contemplating long term investing given my age. One of the books I read is "Living without Oil." http://www.amazon.com/Life-Without-Oil-Energy-Future/dp/1616144017
Wow. I've been learning about issues in the Middle East, Global Debt issues and Peak Oil. I'm really concerned that between debt/spending issues and declining oil production, we are in for BIG trouble. Finally last night I was watching a survivalist show that showed some people that are preparing for the worst...guns, manual wells, food stores, even a truck that runs on wood!
I've worked myself into a bit of a ....er... anxiety state.
If we have a prolonged depression due to debt/spending & Oil issues, how will I survive? What will happen to my kids future? How do I protect my assets? Can I protect them?
Now I'm thinking about selling everything and fantasizing about buying property that I can cultivate food with enough forest to be able to cook and heat a diminutive well insulated house with manual pumps and handguns pointed in every direction.
So much for reading for "fun."
Anyone else concerned? What actions if any are you taking? If I were 60, I might think about it differently, but while my financial state is certainly not tenuous, I have enough of my German mother [who lived through the depression] in me to start preparing.
Thoughts?