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re: What is your golden rule for retirement?
Posted on 12/10/25 at 12:03 pm to xBirdx
Posted on 12/10/25 at 12:03 pm to xBirdx
quote:good stuff. Other than what I own, I live very normal. I dont spend money on things outside of what I own. I live middle class. I pay bills mostly utilities and eat out 2/3 times a month. I spend on travel for family reasons. Thats it. Food, sleep, trim(lol) and the outdoors is right here at home. My golden rule is i spend way less than I have. I did payoff everything I own though. I am lucky with the big head start. I just literally have utilities and insurance to pay for.
a long way from there…20 years..
It… paid off house is #1. Other than that idk tbh.
Wow will have insurance (and pension) thru state, so healthcare costs don’t scare me too much.
This post was edited on 12/10/25 at 12:10 pm
1
Posted on 12/10/25 at 12:06 pm to JohnnyKilroy
quote:thank you. I have more in my checking than you make in 3 years alter.
quote:
I was so nervous that id get them safely i rode with the truck driver i highered to haul them to SFla. I dont even spend all my money I get annually/monthly. It just builds in my checking.
Yea you're definitely going broke at some point soon.
Posted on 12/10/25 at 12:31 pm to sharkfhin
Sounds like we have a thing or two in common. I retired this year, though at 62:
- spend less than you are earning in retirement income, generally (December should always be an exception)
- spend some time outdoors every day
- exercise
- meet others as frequently as possible
- listen more (especially to the "other side"). I can't stand today's identity politics. Too much name calling
- turn off 24 hour news. Be careful on social media
- Say yes, more often. When invited just go (until it becomes a commitment that you don't want yet)
- add more volunteer work over time (church, neighborhood, city, county)
- Lots of opportunities to ride bikes, walk, play golf, pickleball, help neighbors ->get engaged in some with others
- spend less than you are earning in retirement income, generally (December should always be an exception)
- spend some time outdoors every day
- exercise
- meet others as frequently as possible
- listen more (especially to the "other side"). I can't stand today's identity politics. Too much name calling
- turn off 24 hour news. Be careful on social media
- Say yes, more often. When invited just go (until it becomes a commitment that you don't want yet)
- add more volunteer work over time (church, neighborhood, city, county)
- Lots of opportunities to ride bikes, walk, play golf, pickleball, help neighbors ->get engaged in some with others
Posted on 12/10/25 at 12:34 pm to sharkfhin
Plan as best I can. Expect nothing. See what happens when I get there. Hopefully, I'm surprised.
Posted on 12/10/25 at 12:39 pm to BottomlandBrew
On any level have a retirement plan in place. Pension/401k etc. That along with ss , people can do just fine.
Making a small business young and letting it build is a good way to plan ahead. Live poor so to speak and let your money cook. Over years, the light at the end of the tunnel nears.
What ive learned is 3 things for small business to thrive
Location
Need
Proper managment
Thats it and your off to the races.
Making a small business young and letting it build is a good way to plan ahead. Live poor so to speak and let your money cook. Over years, the light at the end of the tunnel nears.
What ive learned is 3 things for small business to thrive
Location
Need
Proper managment
Thats it and your off to the races.
This post was edited on 12/10/25 at 12:41 pm
Posted on 12/10/25 at 12:45 pm to sharkfhin
quote:
Naw, I will never run out. I live purely on my interest i make.
frick around, find out is in your future
Posted on 12/10/25 at 12:49 pm to DarthRebel
Meaning?
Posted on 12/10/25 at 12:50 pm to sharkfhin
Not sure how you managed
To retire on your 40s, but congrats!
I know at 63 I’m gone, and will rely on the 4-5% rule.
Projecting about $2m on retirement accts,
Which puts me at $100k year another $30k soc security.
Wife will work a few more years,
But handsaw pension and half my soc sec (if rules stay the same).
That will put me about $160k a year with no mortgage or car notes, plus about $200k cash from inheritance.
I should be fine. Won’t be rich and travel f internationally every month, but will be able to do as I please.
To retire on your 40s, but congrats!
I know at 63 I’m gone, and will rely on the 4-5% rule.
Projecting about $2m on retirement accts,
Which puts me at $100k year another $30k soc security.
Wife will work a few more years,
But handsaw pension and half my soc sec (if rules stay the same).
That will put me about $160k a year with no mortgage or car notes, plus about $200k cash from inheritance.
I should be fine. Won’t be rich and travel f internationally every month, but will be able to do as I please.
Posted on 12/10/25 at 12:53 pm to GrapevineTigah
quote:wow sounds identical brother! I need more spiritual time and need more things to do. I fish and I exercise. Need more things.
Sounds like we have a thing or two in common. I retired this year, though at 62:
- spend less than you are earning in retirement income, generally (December should always be an exception)
- spend some time outdoors every day
- exercise
- meet others as frequently as possible
- listen more (especially to the "other side"). I can't stand today's identity politics. Too much name calling
- turn off 24 hour news. Be careful on social media
- Say yes, more often. When invited just go (until it becomes a commitment that you don't want yet)
- add more volunteer work over time (church, neighborhood, city, county)
- Lots of opportunities to ride bikes, walk, play golf, pickleball, help neighbors ->get engaged in some with others
I grew up very poor and I understand the value of money. I take care of my money. I don't spend alot of money. I really dont.
Posted on 12/10/25 at 1:00 pm to xBirdx
Thats very good brother. Wish everyone could retire in their 40s. Im 48 and it was all due to owning 2 small companies that thrive off of need and location. One in Laredo and other in Atlanta.
Posted on 12/10/25 at 1:10 pm to sharkfhin
Kids, wife? Hobbies?
Posted on 12/10/25 at 1:16 pm to sharkfhin
quote:
2 small companies that thrive off of need and location.
sounds like self storage
Posted on 12/10/25 at 1:18 pm to sharkfhin
quote:
Im in my late 40s and have been retired now since around March of this year. What are some golden rules of retirement you live by?
Most everyone I know that retired esp early says they wished they’d done it sooner. Apparently a big lesson is they didn’t need or require near the money they thought they did. Is this true for you as well?
Posted on 12/10/25 at 1:35 pm to sharkfhin
Have your health to ensure living that long.
Posted on 12/10/25 at 1:43 pm to SalE
quote:thats the one thing ive always asked of God. Its in hands. I try to do my part. I dont drink or smoke. I try to control the sweets lol.
health
Posted on 12/10/25 at 1:50 pm to BabyTac
I mean i could have quit earlier but I wouldn't have the things I dreamed of when I was younger.
I wanted to be on the water, fish, have a woman and not work.
I could have had the same in a lower financially based area earlier in life but ive lived in S Fla for a long time. Its a little more expensive. I may not end up here when Im say 60. The fees here are un fricking real.
I dont care what people think but we as people arent paid enough money. People work their asses off for 50k while others work their asses off and make 100k pr more. To me that never made sense in the engine of life. All people deserve more money if you work for it. I think for example, it's insane a doctor makes 6 figures and a govt workers dont. Teachers/cops/fireman/postal/truck drivers etc are the building blocks of America and make shite for money.
I wanted to be on the water, fish, have a woman and not work.
I could have had the same in a lower financially based area earlier in life but ive lived in S Fla for a long time. Its a little more expensive. I may not end up here when Im say 60. The fees here are un fricking real.
I dont care what people think but we as people arent paid enough money. People work their asses off for 50k while others work their asses off and make 100k pr more. To me that never made sense in the engine of life. All people deserve more money if you work for it. I think for example, it's insane a doctor makes 6 figures and a govt workers dont. Teachers/cops/fireman/postal/truck drivers etc are the building blocks of America and make shite for money.
This post was edited on 12/10/25 at 1:52 pm
Posted on 12/10/25 at 2:29 pm to sharkfhin
quote:
it's insane a doctor makes 6 figures and a govt workers dont.
You don't see the difference between a doctor and a dmv clerk?
Posted on 12/10/25 at 2:38 pm to sharkfhin
quote:
. All people deserve more money if you work for it. I think for example, it's insane a doctor makes 6 figures and a govt workers dont. Teachers/cops/fireman/postal/truck drivers etc are the building blocks of America and make shite for money.
I'm starting to wonder if this thread is a bit.
Posted on 12/10/25 at 2:50 pm to sharkfhin
quote:Then you are not investing properly.
thank you. I have more in my checking than you make in 3 years alter.
Posted on 12/10/25 at 2:58 pm to barry
quote:
I'm starting to wonder if this thread is a bit.
You just started wondering that?
I don’t know what the sudden shift in character is but this dude has been trolling multiple boards nonstop for the last couple of days
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