View previous topic :: View next topic |
Author |
Message |
DejaVu
Joined: 27 Jan 2011 Location: Your dreams
|
Posted: Tue Jan 17, 2012 9:20 pm Post subject: |
|
|
Charriere wrote: |
I imagine that the reality of retiring young to some place in SE Asia may not be all it's cracked up to be. You have to make use of your mind and energy while you can. Retirement is for people who are winding down.
The big issue when it comes to saving is raising children. Kids are expensive! |
Why must we use our minds and all of our energy 40 hours each week?
Why not actually enjoy life. Use your mind elsewhere.
And having kids is a joke. Who would do that? |
|
Back to top |
|
|
madoka
Joined: 27 Mar 2008
|
Posted: Tue Jan 17, 2012 9:32 pm Post subject: |
|
|
DejaVu wrote: |
And having kids is a joke. Who would do that? |
Your momma! |
|
Back to top |
|
|
joelove
Joined: 12 May 2011
|
Posted: Wed Jan 18, 2012 2:25 am Post subject: Re: How Much To Retire at 30? |
|
|
[quote="ttompatz"]
$50,000 would last about 50 months (4 years) in Thailand if you were spending the capital as you go. Live like an expat and that would go down to about 2 years. IF you were particularly frugal you might stretch it out to 6 years.
That's a lot to spend in 2 years there. But 3 or 4 I could see it. Guess it has got more expensive. |
|
Back to top |
|
|
Dodge7
Joined: 21 Oct 2011
|
Posted: Wed Jan 18, 2012 4:00 am Post subject: |
|
|
madoka wrote: |
DejaVu wrote: |
And having kids is a joke. Who would do that? |
Your momma! |
Ha! Niiice. |
|
Back to top |
|
|
Charriere
Joined: 01 May 2008
|
Posted: Wed Jan 18, 2012 2:43 pm Post subject: |
|
|
Who says it has to be for 40 hours per week?
In my opinion if you are able to find a job, which gives you satisfaction and a sense of fulfillment, that's great. You don't have to be stuck behind a desk to achieve that. After all, isn't that why a good number of foreigners stay in Korea for a prolonged period?
ie: They enjoy what they are doing.
Those that are in Korea and don't enjoy what they are doing will obviously have a different take on it. Retirement suddenly becomes the holy grail. |
|
Back to top |
|
|
Unposter
Joined: 04 Jun 2006
|
Posted: Thu Jan 19, 2012 7:09 am Post subject: |
|
|
The problem is what you want to do in your 20s and even 30s is generally different than what you want to do in your 60s, 70s and older.
So, I guess the way to go about it is to do those things you want to do in your 20s and 30s at that time, even if you don't work or work very little.
When you get older, you'll probably want to work and do other incredibly stupid things like have children and take out mortgages.
After you've raised kids and paid off a mortgage, then you will really want to retire if you know what you mean.
Don't race to be where you want to be - just do it - my apologies to the shoe company that has stolen an otherwise clever phrase. |
|
Back to top |
|
|
J Rock
Joined: 17 Jan 2009 Location: The center of the Earth, Suji
|
Posted: Wed Jun 01, 2016 6:36 am Post subject: |
|
|
New info provided in my original post. I'm bumping this thread. |
|
Back to top |
|
|
Fallacy
Joined: 29 Jun 2015 Location: ex-ROK
|
Posted: Thu Jun 02, 2016 1:34 pm Post subject: Re: How Much To Retire at 30? |
|
|
J Rock wrote: |
I cant believe its been 4 years since I originally made this post. Most things have not changed about me, I'm still the laziest man in the world, still married, still wank using the laptop after my wife has gone to sleep.
What has changed and why I'm bringing this thread back up is my father passed away about 2 months ago. I went home for the funeral, stayed with my brother and his wife for a week. He mentioned there would be an inheritance but he still had to sell our dads house and see how much money he had in his bank account before we would know how much we would be receiving.
Well he emailed 2 nights ago, he sold my dads house, car, some silver and gold coins in a safety deposit box (which neither of us knew about), and some cash in his checking and savings account, and what he had in his 401K.
It surprised both of us that we will both will be receiving a little over $200K. To some that's peanuts, but to me that's a hell of a lot of money. I understand that my previous number of $50K wouldn't last long enough for me to retire on the beach but could $200K plus whatever I could scrape together be enough?
What would you do with the money? My mind is spinning right now.... |
Enough? Not likely. What would I do? Buy a sailboat and live on it. 200k invested at 10% annual return is still only 20k. Monthly income of about $1650 would be nice, but just barely. Just sitting still and not burning calories to contain costs might be meditative, but in reality, the retired life will be really boring, as others have discussed. Stick with the work, the wife and kids, the wanking, enjoy life, and expire early like your forebears. |
|
Back to top |
|
|
Zyzyfer
Joined: 29 Jan 2003 Location: who, what, where, when, why, how?
|
Posted: Thu Jun 02, 2016 5:14 pm Post subject: Re: How Much To Retire at 30? |
|
|
Fallacy wrote: |
J Rock wrote: |
I cant believe its been 4 years since I originally made this post. Most things have not changed about me, I'm still the laziest man in the world, still married, still wank using the laptop after my wife has gone to sleep.
What has changed and why I'm bringing this thread back up is my father passed away about 2 months ago. I went home for the funeral, stayed with my brother and his wife for a week. He mentioned there would be an inheritance but he still had to sell our dads house and see how much money he had in his bank account before we would know how much we would be receiving.
Well he emailed 2 nights ago, he sold my dads house, car, some silver and gold coins in a safety deposit box (which neither of us knew about), and some cash in his checking and savings account, and what he had in his 401K.
It surprised both of us that we will both will be receiving a little over $200K. To some that's peanuts, but to me that's a hell of a lot of money. I understand that my previous number of $50K wouldn't last long enough for me to retire on the beach but could $200K plus whatever I could scrape together be enough?
What would you do with the money? My mind is spinning right now.... |
Enough? Not likely. What would I do? Buy a sailboat and live on it. 200k invested at 10% annual return is still only 20k. Monthly income of about $1650 would be nice, but just barely. Just sitting still and not burning calories to contain costs might be meditative, but in reality, the retired life will be really boring, as others have discussed. Stick with the work, the wife and kids, the wanking, enjoy life, and expire early like your forebears. |
savage /topropeelbowdrop
What I want to know is, what does wife feel about all of this? Plans for kid's future? I find the idea of working just to sit around and not be a burdensome old person just as tedious as the next fellow, but they have to accompany you on your little Kon-Tiki expedition, J-Rock. |
|
Back to top |
|
|
Stain
Joined: 08 Jan 2014
|
Posted: Fri Jun 03, 2016 9:03 am Post subject: |
|
|
I would invest money in time. There has to be a way to live longer. |
|
Back to top |
|
|
Fallacy
Joined: 29 Jun 2015 Location: ex-ROK
|
Posted: Sat Jun 04, 2016 8:19 am Post subject: Re: How Much To Retire at 30? |
|
|
Stain wrote: |
I would invest money in time. |
This. I second the assessment of Stain. |
|
Back to top |
|
|
Stain
Joined: 08 Jan 2014
|
Posted: Sat Jun 04, 2016 8:29 am Post subject: Re: How Much To Retire at 30? |
|
|
Fallacy wrote: |
Stain wrote: |
I would invest money in time. |
This. I second the assessment of Stain. |
Thank you fallacy. I have put my life savings into finding a way to have more time. Unfortunately, I didn't consider the time value of money, as in the present. I don't have any. Help! |
|
Back to top |
|
|
Fallacy
Joined: 29 Jun 2015 Location: ex-ROK
|
Posted: Sat Jun 04, 2016 8:37 am Post subject: Re: How Much To Retire at 30? |
|
|
Spending time to earn money, then spending that earnt money to buy time is circumlocution. As I wished for time, I specifically took payment of time in lieu of money, but few regard this as a viable pursuit. Let the cry for help from Stain serve as a warning to all ye who come after. |
|
Back to top |
|
|
Stain
Joined: 08 Jan 2014
|
Posted: Sat Jun 04, 2016 9:23 am Post subject: Re: How Much To Retire at 30? |
|
|
Fallacy wrote: |
Spending time to earn money, then spending that earnt money to buy time is circumlocution. As I wished for time, I specifically took payment of time in lieu of money, but few regard this as a viable pursuit. Let the cry for help from Stain serve as a warning to all ye who come after. |
Yes, now I see that getting more time means I have to have more money. How foolish! |
|
Back to top |
|
|
Zyzyfer
Joined: 29 Jan 2003 Location: who, what, where, when, why, how?
|
Posted: Mon Jun 06, 2016 4:42 pm Post subject: Re: How Much To Retire at 30? |
|
|
Stain wrote: |
Yes, now I see that getting more time means I have to have more money. How foolish! |
It will be a long time yet before you can even begin to fathom the mysteries of Time Cube. |
|
Back to top |
|
|
|