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One thing to remember, if your not making money your spending it.... budget wisely
Yep.
I'm finding it interesting learning retail prices for things like groceries... I started taking prices of different items that we buy (or I like to buy) so that I have an idea of budget. It makes me fume when I see a package of Lean Ground Beef in our fridge that someone paid $8/lb for.... Need to learn the prices for poultry and vegetables.
Also have the curb the desire to online shop. I'll get the hang of it.
Mid 50s and I'm doubling down on work. Just merged with another company and growing the biz. Love the challenge!
A couple of years ago I fantasized about what early retirement would be like: lots of time driving the Porsche, washing the Porsche, reading nothing but Porsche, smoking cigars while sitting on the deck... then I realized that this would be week 1 of retirement! What about the next 30+ years?
I have a couple of friends from high school that have retired recently. One is posting nothing but pics of his grandson (don't have one of those yet) and the other fills his Instagram with pics of wine glasses and his pasta maker! KILL ME NOW!
Now, how can I masssage things to make this new budget impact me less.......not sure why they call him honourable when it should be horrible mr morneau and his boy toy justin..........lets just give it all to the ones who have no get up and go and just want to smoke pot......oh was that my outside voice.
I still cannot even begin to contemplate retirement - I love business. I love the constant challenges of turning around a company. Love the planning,risk of failure, satisfaction of success,constantly learning new things.
Also,leisure is much more valuable to me when it is limited.
I cannot imagine deciding that it’s Friday and my day consists of polishing the car or going for a drive. It’s not about the money- it’s about the intellectual challenge and trying to do difficult things.
This week for instance:
Monday: conference call with investors : two hours
Tuesday: fly to Vancouver
Tuesday afternoon and Wed: budget and planning review on a company where I am a director.
Wen night : dinner with Chairman
Thursday: breakfast with CEO , fly back
today: prepare for strategy meeting. Two hour lunch meeting with CEO of another company where I am lead director.
At 69 I certainly work less than I used to and I could make a lot more money if I chose to take more board work but I have it about right for me personally.
For me, the old cliche about never saying that nobody says they wish they had spent more time at the office is not true. I have loved business forever.
Then , when I want to do some Porsche or car stuff it is so much more satisfying to get the break.
Everyone is different. Only you can say when or what is enough.
Sold private business when I was 48 and retired. I am 63 now. Not one regret, but then business or work did not define or validate me.
Recently I've become "that guy" with 2 granddaughters AND a pasta maker!!
I'm a long ways off from retirement both from a cash in hand and age perspective. I'm enjoying reading this thread because I find myself thinking more about retirement than ever. Great to read what others have done and the thought process behind those decisions.
Personally I think I'd be interested in retiring around 55. Figure it's a good age where I will hopefully still be fully functional and have the energy to do whatever. However at that age I would still be interested in dabbling in something that generates revenue beyond stocks, what that is I don't know. Would also need funds to last perhaps another 40 years.
Everyone is different. Only you can say when or what is enough.
Sold private business when I was 48 and retired. I am 63 now. Not one regret, but then business or work did not define or validate me.
Recently I've become "that guy" with 2 granddaughters AND a pasta maker!!
02-27-2018, 06:30 PM
