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ยป Have ability to retire young, but don't know what to do? (wut do misc?)
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post 1491706311 04-19-2017, 02:33 PM
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#121
  1. goodcupcakes
  2. What the cuck?!
  1. goodcupcakes
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Open a fleet of taco trucks!
post 1492044411 04-22-2017, 10:09 AM
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#122
  1. FriendOfFrank
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Originally Posted By goodcupcakes
Open a fleet of taco trucks!
Srsly considering running a taco truck in a beach somewhere
post 1492049531 04-22-2017, 11:04 AM
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#123
  1. azerty23
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  1. azerty23
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can't really give any advice on such a situation , but i hope you don't continue to work just because "thats what you're supposed to do" or because working is somehow what give life a "meaning", i would do whatever i want and if whatever i do doesn't make me money then it doesn't mean it's meaningless or that you have no purpose
post 1492050091 04-22-2017, 11:10 AM
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#124
  1. seanb1979
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Originally Posted By FriendOfFrank
Srsly considering running a taco truck in a beach somewhere
pretend to be cuban and make cubanos? just watch that chef movie and do what he does... make sure you find some annoying kid to manage your social media
A million miles away - I don't.. feel.... anything.
http://www.youtube.com/watch?v=PXGZu4yxjW0
post 1492059971 04-22-2017, 01:06 PM
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#125
  1. HarryFlashman
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Curious when you have big money like that why you have a mortgage at all?
"Remember that you are an Englishman, and have consequently won first prize in the lottery of life." - Cecil Rhodes
post 1492072881 04-22-2017, 03:39 PM
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#126
  1. FriendOfFrank
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Originally Posted By HarryFlashman
Curious when you have big money like that why you have a mortgage at all?
I've had enough funds to pay off my mortgage for awhile, but my managed account makes much more than I'm paying in mortgage interest each year. Also, mortgage interest comes straight off your taxable income. It would be nice to pay it off for peace of mind, but it doesn't make sense, money wise.

I have an adjustable rate mortgage at a super low rate. I figure, if the interest rate jumps up a ton after the locked in period, I'll just pay it off then
post 1492082351 04-22-2017, 05:25 PM
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#127
  1. jimberee
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well that depends on your interests doesn't it.. I would buy land and manage be it farming / forestry / hunting whatever. Build guest houses so friends can come stay. I'd probably hire a person to work for me, what probably be like $40k a year and I'd own their life for the duration of mine. I'd have them clean my house, cook meals, **** my wife, do odd jobs etc.
post 1492083561 04-22-2017, 05:39 PM
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#128
  1. lolwhatthefuk
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  1. lolwhatthefuk
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Originally Posted By FriendOfFrank
I've had enough funds to pay off my mortgage for awhile, but my managed account makes much more than I'm paying in mortgage interest each year. Also, mortgage interest comes straight off your taxable income. It would be nice to pay it off for peace of mind, but it doesn't make sense, money wise.

I have an adjustable rate mortgage at a super low rate. I figure, if the interest rate jumps up a ton after the locked in period, I'll just pay it off then
how old are you?
post 1492101241 04-22-2017, 08:40 PM
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#129
  1. FriendOfFrank
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Originally Posted By lolwhatthefuk
how old are you?
35, but still post in normal misc lol
post 1492101651 04-22-2017, 08:45 PM
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#130
  1. ashin1
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you should meet up with mr.money mustache i think he lives in colorado...semi srs
***Strong 2nd Reply Crew***
post 1492137931 04-23-2017, 07:07 AM
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#131
  1. FriendOfFrank
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Originally Posted By jimberee
well that depends on your interests doesn't it.. I would buy land and manage be it farming / forestry / hunting whatever. Build guest houses so friends can come stay. I'd probably hire a person to work for me, what probably be like $40k a year and I'd own their life for the duration of mine. I'd have them clean my house, cook meals,**** my wife, do odd jobs etc.
Originally Posted By ashin1
you should meet up with mr.money mustache i think he lives in colorado...semi srs
Don't know anything about him. Name sounds kinda fedoraish, but perhaps I'll check out his site.
post 1492138711 04-23-2017, 07:19 AM
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#132
  1. MrBourbon
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Originally Posted By FriendOfFrank
Don't know anything about him. Name sounds kinda fedoraish, but perhaps I'll check out his site.
Mr. Money Mustache is legit - he's a big believer in financial freedom and breaking out of the 9/5.

Realistically once you can live on 4% of your net worth you've made it - you can safely draw that amount to live on per year, indefinitely. If you need less than that, your money will CONTINUE to grow.

You're in a very enviable position, but that doesn't mean that figuring out what to do next isn't hard goddamn work. Most people put off asking the hard questions about what kind of life they want, telling themselves they will live how they want once they're retired & have the time to start living. Then they retire and realize that they have no idea what they want to do/be/experience. If I were you I would rent a cabin in the middle of nowhere for a week, disconnect entirely, and bring some notebooks and some good books about creating a meaningful plan for your life. You're at one of the biggest transition points in life, take the time to do it right.
Smooth Seas don't make Strong Sailors. Keep your head up.

MrWhiskey24 for jolly cooperation (PS)
post 1492141371 04-23-2017, 08:04 AM
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#133
  1. Bar182
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I have thought about this in the past.

I would concentrate on one physical and one mental hobby.

Train to a high level one physical hobby: Hiking, Mountaineering, Martial Arts, Boxing, Tennis, Bodybuilding
Train to a high level one mental hobby: Languages, Chess, Poker, Trading, Instruments
post 1492274591 04-24-2017, 09:49 AM
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#134
  1. FriendOfFrank
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Originally Posted By MrBourbon
Mr. Money Mustache is legit - he's a big believer in financial freedom and breaking out of the 9/5.

Realistically once you can live on 4% of your net worth you've made it - you can safely draw that amount to live on per year, indefinitely. If you need less than that, your money will CONTINUE to grow.

You're in a very enviable position, but that doesn't mean that figuring out what to do next isn't hard goddamn work.Most people put off asking the hard questions about what kind of life they want, telling themselves they will live how they want once they're retired & have the time to start living. Then they retire and realize that they have no idea what they want to do/be/experience. If I were you I would rent a cabin in the middle of nowhere for a week, disconnect entirely, and bring some notebooks and some good books about creating a meaningful plan for your life. You're at one of the biggest transition points in life, take the time to do it right.
I can see this happening to a lot of people. I've tried not to wrap who I am as a person into what I do professionally. I already live a great life while working full time. I travel a lot, spend a lot of time with my family, play tennis, ski, etc. I just worry that those things will lose their luster if I can do them 24/7. I do have 3 years to figure out my next move. I'll start doing more research into small business ideas. I have a lot of friends from all different industries. Maybe some of them are tired of wagecucking and we can go in on something together.
Originally Posted By Bar182
I have thought about this in the past.

I would concentrate on one physical and one mental hobby.

Train to a high level one physical hobby: Hiking, Mountaineering, Martial Arts, Boxing, Tennis, Bodybuilding
Train to a high level one mental hobby: Languages, Chess, Poker, Trading, Instruments
I have plenty of physical hobbies. I do think I'll try to level up my tennis game. That's something I enjoy a lot and think I could really improve on by spending more time on the court.

I do worry about not exercising my brain. I do feel like I've gotten dumber over the last several years, even while working. Just because I've become good at my job, find it pretty easy, and haven't really had a need to push myself professionally. I also have a history of Alzheimer in the family. I know they say you can extend your brain health a little longer by using it.
post 1492274851 04-24-2017, 09:52 AM
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#135
  1. DrunkPanda18
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Have you put a down payment on misc island, yet? If not, negs until you do

Band together on this one, boyos. This might be our only real chance to get misc island
post 1492275871 04-24-2017, 10:01 AM
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#136
  1. FriendOfFrank
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Originally Posted By DrunkPanda18
Have you put a down payment on misc island, yet? If not, negs until you do
Where do you want it? I hear there are little deserted islands off the coast of Panama that foreigners can buy and they're reasonably cheap. Don't think that would be very accessible for the Euro and Aussie miscers, but fuk em, right?
post 1492276881 04-24-2017, 10:10 AM
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#137
  1. LMAOatYou
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Chit brah I would travel the world but I see you have kids/wife so that sort of limits you to stay in one place. I personally would never work again because I hate working but again having kids and a wife limit you on what you can do with your free time and it would probably get boring not working. You should def be taking full advantage of the outdoor activities you could be doing in CO
post 1492277041 04-24-2017, 10:12 AM
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#138
  1. gary69
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look into smaller towns that are experiencing a population boom, buy land in an area where you think it could be bought out by developers later on.

you need to keep yourself busy or else you will go crazy sitting at home
post 1492278181 04-24-2017, 10:22 AM
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#139
  1. US_Ranger
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Originally Posted By FriendOfFrank
I have plenty of physical hobbies. I do think I'll try to level up my tennis game. That's something I enjoy a lot and think I could really improve on by spending more time on the court.

I do worry about not exercising my brain. I do feel like I've gotten dumber over the last several years, even while working. Just because I've become good at my job, find it pretty easy, and haven't really had a need to push myself professionally. I also have a history of Alzheimer in the family. I know they say you can extend your brain health a little longer by using it.
I felt like that after graduating college and then I went back to school for paramedicine. Now my brain feels like a million things are going on up there at once. You just need something to get all the neurons firing up there.

Also, since you have the money, spend a few weeks somewhere with a professional tennis coach to catapult your game and then you'll enjoy it more.

Ever thought about starting up a scholarship fund where you get to pick who gets a little bit of money for school or something like that? Philanthropy is an amazing thing.
post 1492289861 04-24-2017, 11:53 AM
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#140
  1. DrunkPanda18
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Originally Posted By FriendOfFrank
Where do you want it? I hear there are little deserted islands off the coast of Panama that foreigners can buy and they're reasonably cheap. Don't think that would be very accessible for the Euro and Aussie miscers, but fuk em, right?
That works for me. We'll have two frat style houses. One for the STEMs and the other for the tradies. And a big wall separating the two. We'll make the tradies pay for the wall (and build it, too)
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