Fedup
Thinks s/he gets paid by the post
If it's easy money, stay working. That's my motto.
If it's easy money, stay working. That's my motto.
I know it against ER forum philosophy to suggest continuing working. I would continue working if I have that kind of job. There is nothing wrong with work if one is still enjoying it.Heirs, federal/state/local governments all ascribe to your motto.
I know it against ER forum philosophy to suggest continuing working. I would continue working if I have that kind of job. There is nothing wrong with work if one is still enjoying it.
I wouldn't put this on the whole community here. I am currently struggling with "easy money" and "enjoying it" right now - they are different for sure.
We were too. Then we discovered Mexico and dropped that number to 13% by spending 5 months there. So now we look for good causes to spend all the extra. We had no idea it would work out that way. We were just brave enough to give it a try...we only require 25% of our last year of w*rk salary to maintain our standard of living.
I would think that's added cost, not the other way around.We were too. Then we discovered Mexico and dropped that number to 13% by spending 5 months there. So now we look for good causes to spend all the extra. We had no idea it would work out that way. We were just brave enough to give it a try...
Plus we both believe that any bad decision can be compensated by a subsequent good decision. So we do not shy away from decisions, including the RE decision. We have had substantial opportunities to resume earnings since then but so far no need.
... So, if possible to remember, would you say that you REd when you figured your retirement net (after lower taxes, assume no additions to savings, no SS or Med deductions, etc) income was above, equal, or below your net working income, and if above or below, roughly what percentage or how much? ...
I could present the spreadsheet but I am inclined to let you think what you want.Even if it's inexpensive, it's an added cost, it's on top of his house in Canada.
We are spending about 1/3 of our gross income when working. I do not know about net income back then, because I only started to keep good records a few years ago. But back then, we had a lot more expenses than we do now, such as children in college.
No pension, or even SS yet. When I get SS, will have more money to spend, if I find something I care to spend on. Don't know about fancy shoes, or expensive shows. Oh, there's those business-class seats for overseas travel. But will I even care to travel then?
I've read all the clichés, you can't buy time, etc, etc. as many here have noted, it's often hard to give up what you worked so hard to get.