retiring

[two_bit_score]

In this thread it would be 50. But anything before 60 is probably early these days.

Then that would be me. I'm not 65 and I'm retired from a regular wages job. I always had multiple jobs since I was a college student. I worked for my family from about 12 until I got a job during high school. Started a full time job about 4 days after high school. In high school I had a side business so I had it easy for that one summer after HS only working one job, but it was a job with no limit on the time you would work and it taught me how to work.

Worked a full time job in college and had various part time jobs also. Sometimes two part time a full 40 hour a week job and a student., plus OT on the full time job if I could get it. I cancelled my bachelor party to work OT because it was a full shift of double OT and would help pay for the honeymoon. I never considered my self to be a hustler, in fact, I always thought I was a slacker. But I have always worked and enjoyed working and having side businesses that I could make money on. Real estate has been good, very good.

My parents did well and we never needed anything but I never got any money from them except when I went to law school my Dad gave me $2,000. He never gave me any more money after that. What I got from them was opportunity.

One time I did get "lucky" on a 'two-bit-play' that wound up making some pretty good money. I say lucky but I told my wife when I did it that it would probably be a good payday but I just didn't know how much.

Ive worked for wages and commissions and sometimes both at the same time. Working and Investing. Taking opportunities as they come up. Right now Im retired from the payday job but I still 'work' every day. I help other people mostly for free. But I work on my own places too.

Ive been fortunate to have some jobs that I literally loved. But I never knew how much fun it would be to 'work' when I didn't feel like I had to. One thing though, we have always lived frugally. We have plenty but we do live below our means. Preferring to give money and time for good causes at this point in our lives.


TBS

 

[goeduck]

When I do finally retire I look forward to a 2 or 3 day a week job. Not so much for money but just to relax. The other 4 to 5 days a week will be busy enough. :shocked:

 

[ovrszd]

Then that would be me. I'm not 65 and I'm retired from a regular wages job. I always had multiple jobs since I was a college student. I worked for my family from about 12 until I got a job during high school. Started a full time job about 4 days after high school. In high school I had a side business so I had it easy for that one summer after HS only working one job, but it was a job with no limit on the time you would work and it taught me how to work.

Worked a full time job in college and had various part time jobs also. Sometimes two part time a full 40 hour a week job and a student., plus OT on the full time job if I could get it. I cancelled my bachelor party to work OT because it was a full shift of double OT and would help pay for the honeymoon. I never considered my self to be a hustler, in fact, I always thought I was a slacker. But I have always worked and enjoyed working and having side businesses that I could make money on. Real estate has been good, very good.

My parents did well and we never needed anything but I never got any money from them except when I went to law school my Dad gave me $2,000. He never gave me any more money after that. What I got from them was opportunity.

One time I did get "lucky" on a 'two-bit-play' that wound up making some pretty good money. I say lucky but I told my wife when I did it that it would probably be a good payday but I just didn't know how much.

Ive worked for wages and commissions and sometimes both at the same time. Working and Investing. Taking opportunities as they come up. Right now Im retired from the payday job but I still 'work' every day. I help other people mostly for free. But I work on my own places too.

Ive been fortunate to have some jobs that I literally loved. But I never knew how much fun it would be to 'work' when I didn't feel like I had to. One thing though, we have always lived frugally. We have plenty but we do live below our means. Preferring to give money and time for good causes at this point in our lives.


TBS

Well stated Sir.

 

[two_bit_score]

Well stated Sir.

Thank You Sir!

 

[ovrszd]

When I do finally retire I look forward to a 2 or 3 day a week job. Not so much for money but just to relax. The other 4 to 5 days a week will be busy enough. :shocked:

I retired 8 years ago. My week has two different days. 6 Saturdays. 1 Sunday. I work harder now than I did before eetirement.

 

[tjkubota93]

I'm 36. House will be paid off at 45. No other bills. I can retire with medical and dental and 56% of my pay at 50. Might get another job for 10 years, might not. Thinking I'm definitely leaving this one as soon as I can while getting my insurance. But I got 14 to go, so things change.

 

[radios1]

I think more info is required.

To retire at 50 something really, really good financially had to happen.

1. A sinfully high paying job?
2. An inheritance?
3. Lottery/gambling winnings?

Others can add their thoughts.

So, for those retiring at 50, explain in detail how that was accomplished?

If you choose to not do so then quit boasting about it. Hard working, financially frugal men are reading this and wondering what they might have done wrong.

Careful how you respond. If you claim it's simply because you managed your money wisely I'll call B.S.

A man with no income, regardless of spending habits, is poorer every day.

So, for those retiring at an early age, tell us the "Rest Of The Story".

the retirement age for full social security benefits went up to 66 years old now. you'd take a big hit before then!..

 

[Travelover]

I think more info is required.................So, for those retiring at an early age, tell us the "Rest Of The Story".

In my case, I put myself through college working part time, while my buddies went to work in factories making "big money", to buy toys. I was the dummy living cheaply while they had new cars and trucks.

Once I graduated and had a good income, I still lived relatively cheaply but invested the extra money I had, while my peers at work bought vacation homes, new cars every year and boats and other toys.

Then when the big recession hit, employer was looking for people willing to go, for a price. I had enough to retire anyway so I jumped on the special offer. My peers were grateful because they still owed on the big homes, the vacation homes and the toys.

So, how do people retire early? Spend less than you earn, invest it, starting early, in stock index funds. Don't sell on downturns. Take care of yourself like you only have one body. And a little luck helps a lot, too.

 

[hosspuller]

Funny about work. When you HAVE to do something earning your way, it's work.

When I was a volunteer at the hospital, drudge tasks the employees avoided wasn't drudgery for me. I could stop at any time, come in when I felt like it, leave when I felt, work fast or slow as I liked, stop and take a break... The employees loved that I did their drudge tasks. In other words, retirement is freedom to chose one's day! That is the essential & best part.

 

[RickB]

the retirement age for full social security benefits went up to 66 years old now. you'd take a big hit before then!..

Full retirement age is dependent on your birthdate. Mine is 66-1/2.