And with that, let the cock-off commence!This quote is hidden because you are ignoring this member. Show Quote
And with that, let the cock-off commence!This quote is hidden because you are ignoring this member. Show Quote
Somebody had to do it.This quote is hidden because you are ignoring this member. Show Quote
If anyone whips it out, I'm glad it's youThis quote is hidden because you are ignoring this member. Show Quote
$10g a month doesn't seem enough to retire at 45 (and stay retired)This quote is hidden because you are ignoring this member. Show Quote
High risk TFSA early, if you win, you win... if not... pack up the truck with some tools (bonus points for financing a brand new top of the line truck) and disappear off the grid... die in the woods in a hand built shack
Does you plan include passive income derived from securities or semi-passive income derived from ongoing business cash flow?This quote is hidden because you are ignoring this member. Show Quote
Both.This quote is hidden because you are ignoring this member. Show Quote
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$10k/mo net when the house/cars are paid for? By my budgeting, it would be fine for us. We're DINKs and that's not changing.This quote is hidden because you are ignoring this member. Show Quote
Is that each or combined? If we were retired dinks, and house/cars paid, it would be so easy to surpass our current income right now, if we didn't have jobs to go to, and wanted to travel a lot.This quote is hidden because you are ignoring this member. Show Quote
Sigh. I sometimes daydream about what my life would look like with no kids....ah well. Didn't pull out in time.This quote is hidden because you are ignoring this member. Show Quote
Combined. Mel and I view our finances jointly and we are completely integrated.This quote is hidden because you are ignoring this member. Show Quote
LOL. Make sure your kids don't find that postThis quote is hidden because you are ignoring this member. Show Quote
Will 10k/mo even cover average CoC property taxes by the time I retire?
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Kids should understand the sacrifice their parents made. That's healthy info.
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haha, I love my kids and didn't make the wrong choice. But the kids/no kids thing is a fork-in-the-road that you cannot undo. That doesn't mean you can't understand the benefits of the other fork - especially when you can clearly see it.
Having said that, if life is about making choices which minimize regret, I think that having kids minimizes the risk of regret. My anecdotal observations are that people I know that did not have kids end up regretting that decision later, but sometimes very strongly. This assumes that no-kids choice was a choice and not related to a health reason.
Baiting to trigger an Aspen reference?This quote is hidden because you are ignoring this member. Show Quote
Updated: March 10, 2022
My list of random For Sale (some free) stuff
10k will be Forest Lawn at the rate CoC is increasing taxesThis quote is hidden because you are ignoring this member. Show Quote
First....the 4% rule is a joke in my opinion. Why would you save your entire life, to only draw down on the income earned from your investment and not touch your principal, unless you had significant estate planning goals.
A few things I would point out:
-General Rule of Thumbs, are kind of useless. For example, "A married couple in their 40's would typically spend $xxx amount per year, and should plan to save $xxx amount"
-What I have found in my experience is spending/savings habits very dramatically from person to person, and demographics such as age, don't necessarily provide you the information you are looking for. I have worked with couples that $5,000/month in retirement would be more than enough, where others scoff at the idea that they could live off of that income.
-Spending habits, although possible, typically don't change over night (from pre-retirement to retirement), so best to take a look at current spending, and use that as a basis for what you will likely want your retirement income to be.
Also, majority of personal finance information is based on the assumption that a ton of information used to do these long term projections is predictable and stable, like:
Personal income, rate of return, interest rates, health, future wants, taxes, inflation, geopolitical events etc.
If the past 4 months have shown us anything, that isn't quite true.
So, I would not treat this type of exercise as gospel by any means. Use it as another tool to inform you on action items you should take.
-Spend less thank you make, invest the difference in an investment portfolio you are comfortable with, continue to do this, adjust as your personal situation changes.
These opinions are entirely my own and do not represent any other person or organization.
Aspen will be EASILY 20k/mo by then, but man will we be a world class city eh!This quote is hidden because you are ignoring this member. Show Quote
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
Ultracrepidarian
Those are great goals and I hope you smash them.This quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100