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Getbig Main Boards => General Topics => Topic started by: Butterbean on August 09, 2006, 02:43:51 PM
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Would it take for someone to give you to retire and stop working?
At age 30?
At age 40?
At age 50?
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Would it take for someone to give you to retire and stop working?
At age 30?
At age 40?
At age 50?
stella, how about you lead us in this?
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1.5 mill at 40
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good question
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stella, how about you lead us in this?
Well, 240 said 10 million at any of the 3 ages (also stating that compound interest is a wonderful thing).
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240 is a cut-in-stone-moron
there's yer answer
compound interest is what people speak about that know nothing about 'earnings'
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post script
gimme a half mil and i'm rollin
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if it was just me that I had to look out for . . . and if it was just a question of money, a home I owned free and clear and half a million tax free would do it.
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post scriptum. what do you need 10 million for, stella? do you buy yourself a new car and mink coat every year?
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I'm 34 & retired in May of this year. I don't anything near a mil, or even half that. But i'm not saddled with any debt.
Rule #1- always have more comming in than going out..!
Rule #2- Jesus is comming, look busy..!
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Semi retired at 42! Stay at home dad, with a 2 year old daughter, and hopefully one more. I only instruct at the gym 2 times a week and have an online supplement business, that takes up only about 3 hrs a week to work on.
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Would it take for someone to give you to retire and stop working?
At age 30?
At age 40?
At age 50?
$25000 at 30
I could still collect the wellfare,right?
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Slippy would hang it up for $500 cash and a sixer of Beast Ice
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1.5 million should do it.
I'd pay off my debt (mortgage, car loan, etc.), have my house renovated, and invest the rest of it. :)
Then I could spend my days taking art classes and sipping lattes.
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post scriptum. what do you need 10 million for, stella? do you buy yourself a new car and mink coat every year?
no and no
10 million was 240's answer
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no and no
10 million was 240's answer
so what is yours?
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so what is yours?
Well, I'm not sure. I was at 20 million, then 25 million, but now I'm at 17 million because I saw I may have been too greedy :-[
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Well, I'm not sure. I was at 20 million, then 25 million, but now I'm at 17 million because I saw I may have been too greedy :-[
i think i'm misunderstanding your question . . . are you asking this to know at what point in the game one would quit? 'cause I don't think I want to retire . . . ever.
i thought you were asking about how much of an income stream one needed to keep going.
17 million . . . you could probably lease time on a private jet.
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OK so your answer was half a mill per year?
i think i'm misunderstanding your question . . . are you asking this to know at what point in the game one would quit? 'cause I don't think I want to retire . . . ever.
See I should ask this too. If people even want to retire or not and why or why not.
I'd be like when they found Aunt Bee dead in her house with about 80 cats and her house was a pig sty and she was worth several million.........only I'd have 80 dogs....and a cleaning lady. :P
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OK so your answer was half a mill per year?
that was assuming it was just me . . . if i had a family, that number would go up substantially . . . probably a million for each additional family member. If I had children, I would want the best education for them . . . and that doesn't come cheap.
i guess the 17 million would make sense if you lived in a more expensive part of the country . . . but that's still a lot of skipping money.
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I don't see any reason for retirement no matter how much money I have....it doesn't make sense!
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I'd be like when they found Aunt Bee dead in her house with about 80 cats and her house was a pig sty and she was worth several million.........only I'd have 80 dogs....and a cleaning lady. :P
I wonder if the cat's started to munch ol Aunt Bee yet :-X
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Ten million is my target number. Once i hit that, I'm done working.
Once I have my BIG idea, I'll run like hell with it and sell at the top.
Right now I'm bumping around, making okay money while sharpening the skillset and learning. One big idea.. it's coming :)
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I don't see any reason for retirement no matter how much money I have....it doesn't make sense!
My father is "retired". Guy works 40 hours per week at a job he does for "fun". People get bored when they retire.
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My father is "retired". Guy works 40 hours per week at a job he does for "fun". People get bored when they retire.
And unfortunatly die quicker....your Father is a smart man!
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Ten million is my target number. Once i hit that, I'm done working.
I seriously bet that you won't stop working. I've seen people meet their "target numbers" and continue to work to make more.
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I seriously bet that you won't stop working. I've seen people meet their "target numbers" and continue to work to make more.
i think the real reason he won't stop working in the future is b/c he has already stopped to devote himself to other pursuits. j/k, 240 :P
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LOL... well, I would still take on projects for fun, of course. I'm not happy unless I'm intellectually stimulated. with the wifey going back to work from summer break, I've been bored so I've been watching more 911 movies.
$10M would ensure the financial stability of my family for at least a generation,, no matter what happens. The first M will be the hardest, but it'll come.