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Author Topic: How much money.....  (Read 4387 times)
Butterbean
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« on: August 09, 2006, 02:43:51 PM »

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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R
Al-Gebra
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« Reply #1 on: August 09, 2006, 02:54:39 PM »

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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ozman
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« Reply #2 on: August 09, 2006, 04:10:38 PM »

1.5 mill at 40
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Cavalier22
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« Reply #3 on: August 09, 2006, 04:47:01 PM »

good question
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Butterbean
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« Reply #4 on: August 09, 2006, 05:16:45 PM »


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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« Reply #5 on: August 09, 2006, 05:50:50 PM »

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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Slippedisc
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« Reply #6 on: August 09, 2006, 05:51:41 PM »

post script



gimme a half mil and i'm rollin
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Al-Gebra
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« Reply #7 on: August 09, 2006, 09:25:26 PM »

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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Al-Gebra
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« Reply #8 on: August 09, 2006, 09:26:41 PM »

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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tingnting
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« Reply #9 on: August 10, 2006, 02:00:31 AM »

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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Oldschool Flip
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« Reply #10 on: August 10, 2006, 03:22:06 AM »

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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Slin1
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« Reply #11 on: August 10, 2006, 03:38:58 AM »

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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« Reply #12 on: August 10, 2006, 05:20:40 AM »

Slippy would hang it up for $500 cash and a sixer of Beast Ice
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« Reply #13 on: August 10, 2006, 05:30:02 AM »

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.  Smiley

Then I could spend my days taking art classes and sipping lattes.

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Butterbean
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« Reply #14 on: August 10, 2006, 06:10:02 AM »

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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« Reply #15 on: August 10, 2006, 06:20:31 AM »

no and no

10 million was 240's answer

so what is yours?
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Butterbean
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« Reply #16 on: August 10, 2006, 06:26:09 AM »

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 Embarrassed
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« Reply #17 on: August 10, 2006, 06:31:06 AM »

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 Embarrassed

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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Butterbean
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« Reply #18 on: August 10, 2006, 06:39:35 AM »



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. Tongue
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« Reply #19 on: August 10, 2006, 06:53:49 AM »

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.

Quote



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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Mr. Intenseone
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« Reply #20 on: August 10, 2006, 06:57:52 AM »

I don't see any reason for retirement no matter how much money I have....it doesn't make sense!
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« Reply #21 on: August 10, 2006, 07:41:06 AM »



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. Tongue

I wonder if the cat's started to munch ol Aunt Bee yet Lips sealed
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« Reply #22 on: August 10, 2006, 07:59:39 AM »

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 Smiley
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body88
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« Reply #23 on: August 10, 2006, 08:18:35 AM »

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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Mr. Intenseone
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« Reply #24 on: August 10, 2006, 09:50:58 AM »

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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