Howdy,, I just happened along this forum by searching for info on early retirement, as some of you did I'm sure.
Let me tell a bit about myself and my desires.
I'm 46 years old,, I make 76K a year salary plus around 20K bonus a year.
My job has no retirement. I have no bill's except my mortgage. My home is worth $650K and I owe $100K,, payment's of $950.00
My hope is to at least semi retire or retire fully at the age of 50. I would be willing to , well have to,, sell the home and scale down being's most of my retirement money is in this house.
I have started buying building lot's and turning them and plan to simply put the profit's toward paying down the mortgage on my current home.
Other than the eqity in my house I only have about 50K in saving's.
I am not married but do live with a lady and we are as devoted to each other as any married couple. She get's $2400 a month from the gov. She is a widow and would lose the income if she marries. So that income would also be coming in.
Any thought's ?? Are my plans in line, or will I be stuck a workin stiff for ever ??
Oh,, I would think that I could live on $36K a plus what my mate get's.
Thanks in advance for your thought.s Oh,, I also do not have anyone to leave anything to , So I don't care if I die a broke man..
Dave
Let me tell a bit about myself and my desires.
I'm 46 years old,, I make 76K a year salary plus around 20K bonus a year.
My job has no retirement. I have no bill's except my mortgage. My home is worth $650K and I owe $100K,, payment's of $950.00
My hope is to at least semi retire or retire fully at the age of 50. I would be willing to , well have to,, sell the home and scale down being's most of my retirement money is in this house.
I have started buying building lot's and turning them and plan to simply put the profit's toward paying down the mortgage on my current home.
Other than the eqity in my house I only have about 50K in saving's.
I am not married but do live with a lady and we are as devoted to each other as any married couple. She get's $2400 a month from the gov. She is a widow and would lose the income if she marries. So that income would also be coming in.
Any thought's ?? Are my plans in line, or will I be stuck a workin stiff for ever ??
Oh,, I would think that I could live on $36K a plus what my mate get's.
Thanks in advance for your thought.s Oh,, I also do not have anyone to leave anything to , So I don't care if I die a broke man..
Dave