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ยป You can retire for life on less than $1M net worth and $20k/yr passive income
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post 1685628193 06-30-2023, 05:10 PM
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Originally Posted By eddiehaskell
bout to get some chick fila, lay down, watch a movie and take a nap...it's friday but air day is friday round yere
Indeed, enjoy your retirement
post 1685628423 06-30-2023, 05:15 PM
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I didn't read all the 750+ posts in the thread. But I read some.

The gist i got is that OP believes $1m networth, and $20k/yr income, is sufficient for retirement. And retirement involves living at home, paying the bills, and not doing much in the way of lavish living.

All that to say... maybe OP is right after all? With technological advancements, with video games, TV, internet as a whole, why should you ever feel like you need to go on flights, stay at hotels, attend expensive music festivals, visit other countries in general. Maybe some would call it rotmaxxing, but at the end of the day... it's living with modern tech and enjoying what you're given.

I think I could enjoy an eternity of video games, movies, internet, music, gym, groceries, running around outside (free), maybe have a doggo/cat, and never do any real lavish events or activities.
post 1685628723 06-30-2023, 05:19 PM
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im jealous of the kinda brokie retirees tbh. its a better life than the opposite (my life) srs
post 1685629833 06-30-2023, 05:39 PM
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#604
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Originally Posted By Visel
I didn't read all the 750+ posts in the thread. But I read some.

The gist i got is that OP believes $1m networth, and $20k/yr income, is sufficient for retirement. And retirement involves living at home, paying the bills, and not doing much in the way of lavish living.

All that to say... maybe OP is right after all? With technological advancements, with video games, TV, internet as a whole, why should you ever feel like you need to go on flights, stay at hotels, attend expensive music festivals, visit other countries in general. Maybe some would call it rotmaxxing, but at the end of the day... it's living with modern tech and enjoying what you're given.

I think I could enjoy an eternity of video games, movies, internet, music, gym, groceries, running around outside (free), maybe have a doggo/cat, and never do any real lavish events or activities.
Being free of the rat race EVERYDAY ***is*** lavish living.

the things you mention as being considered lavish are mostly ways people escape from a life that is almost completely centered around a soul sucking job they would rather not be at.

AND the things you mention can be done by me too...but when life is a long vacation you would be surprised by little you have the feeling of "needing to get away".
post 1685630003 06-30-2023, 05:41 PM
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Originally Posted By bicmane102
im jealous of the kinda brokie retirees tbh. its a better life than the opposite (my life) srs
lol -- I haven't been "broke" since I was about 12 years old. Even then I technically wasn't broke because I saved all my birthday/Christmas cards with the money in them I'd get from family (yes, I asked for money)...still have them all lol.
post 1685631503 06-30-2023, 06:02 PM
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Originally Posted By Visel
I think I could enjoy an eternity of video games, movies, internet, music, gym, groceries, running around outside (free), maybe have a doggo/cat, and never do any real lavish events or activities.
That's it boyo, hell I still take a couple week long vacations a year, 3-4 long weekend road trips driving, and a few concerts. I still have all the chit you listed and several hobbies. Follow the path. And then most of your time will be pleasant time out of the limited time you have left.
post 1685632593 06-30-2023, 06:19 PM
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#607
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Originally Posted By badger6
That's it boyo, hell I still take a couple week long vacations a year, 3-4 long weekend road trips driving, and a few concerts. I still have all the chit you listed and several hobbies. Follow the path. And then most of your time will be pleasant time out of the limited time you have left.
have you noticed that your perception of time seems different? like you aren't in a big hurry to do anything and it can all be done at your own pace. it makes me wonder how people can work a job and still have time do everything a person needs to do without constantly feeling super rushed/stressed.
post 1685635773 06-30-2023, 07:13 PM
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Originally Posted By badger6
That's it boyo, hell I still take a couple week long vacations a year, 3-4 long weekend road trips driving, and a few concerts. I still have all the chit you listed and several hobbies. Follow the path. And then most of your time will be pleasant time out of the limited time you have left.
Wow.

A couple of weeks long vacations.

So cute.
post 1685638593 06-30-2023, 08:02 PM
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Originally Posted By Anachron
Wow.

A couple of weeks long vacations.

So cute.
Great
post 1685638843 06-30-2023, 08:08 PM
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Originally Posted By eddiehaskell
have you noticed that your perception of time seems different? like you aren't in a big hurry to do anything and it can all be done at your own pace. it makes me wonder how people can work a job and still have time do everything a person needs to do without constantly feeling super rushed/stressed.
I notice that younger people don't listen to older people to their own detriment. Free country, oh well....
post 1685642363 06-30-2023, 09:23 PM
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Originally Posted By eddiehaskell
have you noticed that your perception of time seems different? like you aren't in a big hurry to do anything and it can all be done at your own pace. it makes me wonder how people can work a job and still have time do everything a person needs to do without constantly feeling super rushed/stressed.
That just means you're bored.

Everyone has the same 24 hours per day.
post 1685643313 06-30-2023, 09:42 PM
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Did not read full thread.

But def have a few houses by the time retirement rolls around. Sell one off for 500k if needed
post 1685644143 06-30-2023, 10:05 PM
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Originally Posted By mandarino
Did not read full thread.

But def have a few houses by the time retirement rolls around. Sell one off for 500k if needed
Why houses?
post 1685650343 07-01-2023, 01:39 AM
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Originally Posted By Putinist
Why houses?
What else?
post 1685688033 07-01-2023, 05:22 PM
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Originally Posted By mandarino
What else?
He's a wannabee communist who wants to kill all landlords.
post 1685690313 07-01-2023, 06:04 PM
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#616
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what i like best about being retired is that you wake up with everyday being a mystery...don't know what you'll do. and you're always available if someone mentions something that sounds interesting.

i couldn't live knowing a job dictates my whole life...and decades to come.

never in a rush to do anything...i couldn't imagine living like some people rushing to do stuff. gotta take a 5 minute shower, throw my clothes on and race to work because i overslept...umm, no -- I take 20 minute hot showers daily....never rushed to do anything or be anywhere.
post 1685690453 07-01-2023, 06:07 PM
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Originally Posted By eddiehaskell
what i like best about being retired is that you wake up with everyday being a mystery...don't know what you'll do. and you're always available if someone mentions something that sounds interesting.

i couldn't live knowing a job dictates my whole life...and decades to come.

never in a rush to do anything...i couldn't imagine living like some people rushing to do stuff. gotta take a 5 minute shower, throw my clothes on and race to work because i overslept...umm, no -- I take 20 minute hot showers daily....never rushed to do anything or be anywhere.
Sounds like you lack basic time management skills.

As for everyday being a mystery?

I would hardly call deciding between getting takeout from McDonald's, Cookout, or Taco Bell as "not knowing what the day brings.
post 1685690833 07-01-2023, 06:14 PM
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Originally Posted By mandarino
What else?
Any number of more lucrative investments lol
post 1685691383 07-01-2023, 06:21 PM
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Originally Posted By Putinist
Any number of more lucrative investments lol
houses ain't a bad way to go either. you get an income stream and appreciation in value.
post 1685691603 07-01-2023, 06:24 PM
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Retirement? What's that. I probably never will. I seriously doubt I'll make it to 65+. There's a high chance as a man, you won't make it.

A lot of things that used to not be argued, are falling out of favor with Zoomers and other younger people such as the breaks that retired people get. Nobody questioned that, but now Zoomers feel entitled and think it is theirs. They will want those breaks ended out of the vision of fairness or equality.

We are falling into a society where those who have it and make it are now expected to carry the burden of those who don't have anything and only take it. Once printing money no longer works they are going to see anyone who has anything as an ATM Machine. Imagine this, you accumulate $1M. Then Democrats create a wealth tax because you are considered wealthy now, they will "be reasonable" at 5% annually. That means that you'll now pay $50,000 a year of that money. They will tax you until you are in poverty and tell you that you should be glad for their "safety nets" to catch you, nevermind that they pushed you off that cliff.
post 1685691853 07-01-2023, 06:28 PM
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Originally Posted By Jasonw1178
Retirement? What's that. I probably never will. I seriously doubt I'll make it to 65+. There's a high chance as a man, you won't make it.

A lot of things that used to not be argued, are falling out of favor with Zoomers and other younger people such as the breaks that retired people get. Nobody questioned that, but now Zoomers feel entitled and think it is theirs. They will want those breaks ended out of the vision of fairness or equality.

We are falling into a society where those who have it and make it are now expected to carry the burden of those who don't have anything and only take it. Once printing money no longer works they are going to see anyone who has anything as an ATM Machine. Imagine this, you accumulate $1M. Then Democrats create a wealth tax because you are considered wealthy now, they will "be reasonable" at 5% annually. That means that you'll now pay $50,000 a year of that money. They will tax you until you are in poverty and tell you that you should be glad for their "safety nets" to catch you, nevermind that they pushed you off that cliff.
might be a good hedge to start funneling some into gold bought under the table
post 1685692193 07-01-2023, 06:33 PM
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been giving a few thoughts to solar panels to take my power bill down to nothing...also kinda sorta wish i would've waited for the new prius....i like having a prius...kinda matches my minimalism.
post 1685905553 07-05-2023, 01:34 PM
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Originally Posted By BigDeeps01
I mean you can live for free if you sleep outdoors and hunt your own food
Bro...
John 3:16

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Sometimes the stuff I say is just ''trolling''
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