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Old 06-01-2010, 12:24 PM   #1
czarina
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:stop Will you be retired at 40? How about at 50?

My plan is to retire at 50. If my business continues the way it's going, that'll definitely happen!

How about you, when do you plan on retiring?
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Old 06-01-2010, 12:27 PM   #2
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maybe another 5 to 7 years...



But then again, I probably won't really retire.... Just work only on things that I want to get involved with.



..
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Old 06-01-2010, 12:30 PM   #3
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Retire ?? Shit i haven't even started working yet!
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Old 06-01-2010, 12:30 PM   #4
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Semi retired here - 41 in a months time.

I'm still working a bit and doing the odd shoot etc... But its cause I want to... Not cause I have to
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Old 06-01-2010, 12:33 PM   #5
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I tried retirement.... it's really, really fucking boring. You end up doing insane chores just to be occupied. You create chores. Even fun shit like jetskiing gets real old, real fast.

I will work till I die.
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Old 06-01-2010, 12:38 PM   #6
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in 10 yrs i hope, or late 30 in my worst ))))))
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Old 06-01-2010, 12:42 PM   #7
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hoping for 45 days from now, but doubtful
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Old 06-01-2010, 12:43 PM   #8
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I love what I do, so I never want to retire. The day I stop making art is when I die.
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Old 06-01-2010, 12:43 PM   #9
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I would like to have everything financially in place to retire by 40, but I don't think I could ever retire. Everyone I know that retired young became extremely bored, even with travels and hobbies, they ended up coming back to work. LOL.

Semi retirement sounds good. Or how about just doing whatever the fuck you want, when you want?
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Old 06-01-2010, 12:44 PM   #10
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Those who retire die young.
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Old 06-01-2010, 12:44 PM   #11
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You have to work every day. You have to find the kind of work that feels like a vacation. If you go on vacation, you are going to work on relaxing, anyway. Creating art is enjoyable.
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Old 06-01-2010, 12:45 PM   #12
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I dont think i will ever want to retire...I like working too much
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Old 06-01-2010, 12:46 PM   #13
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I tried retirement.... it's really, really fucking boring. You end up doing insane chores just to be occupied. You create chores. Even fun shit like jetskiing gets real old, real fast.

I will work till I die.
Agreed. Retired once. This is more fun.
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Old 06-01-2010, 12:48 PM   #14
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Old 06-01-2010, 12:51 PM   #15
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I'll try for 50 that would be nice
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Old 06-01-2010, 12:55 PM   #16
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I just wanna have more steady income. retirement is for pussies.
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Old 06-01-2010, 01:05 PM   #17
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Agreed. Retired once. This is more fun.
Here's what I did during my short-lived retirement...

1. Bought 11 tons of rock.
2. Wired my entire house for sound, including the garage, the pool area, koi pond area, and the "cave" (a stand-up height 900 sq ft. concrete bunker under the house) with volume & controls in each room / area.
3. Got laser eye surgery.
4. Got all new teeth. (this shit is ridiculously expensive)
5. Got the rest of my tattoos filled in, fully sleeved now down to the fingertips.
6. Opened a sign shop, bought loads (over $100k) of equipment & supplies, got bored and let it die.
7. Trimmed a lot of trees around the property.
8. Jetskiing.
9. Lots of walking on the beach with the dogs.
10. Started building a bar, got bored and quit.
11. Went on "vacation" to all the rest of the Hawaiian islands.
12. Lots and lots and lots of drinking.
13. Lots and lots of fighting with my neighbor.
14. Ultimately ended up spending my nights getting (staying) drunk, smoking salvia, and catching cane toads out at the koi pond for entertainment.
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Old 06-01-2010, 01:08 PM   #18
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if you do a job and you're always thinking about retirement, you're doing the wrong job.

i hope i never retire from anything i like doing.
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Old 06-01-2010, 01:12 PM   #19
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I retired for about 4 or 5 years in my mid-20's and traveled around the world with a backpack I ran into lots of 50-60 year olds who told me they envied me for doing it so young.
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Old 06-01-2010, 01:23 PM   #20
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I tried retirement.... it's really, really fucking boring. You end up doing insane chores just to be occupied. You create chores. Even fun shit like jetskiing gets real old, real fast.

I will work till I die.
Smartest post on GFY ever...
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Old 06-01-2010, 01:25 PM   #21
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i want to retire in 33, in one year, my health needs it for sure ...
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Old 06-01-2010, 01:27 PM   #22
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While Retirement is great and everything, I plan to "work" till the day I die. I am lucky enough to love what I do for a living. I love to learn new stuff and turn ideas into reality. I don't ever see myself stopping that. Work, and the sense of freedom, creativity, and purpose it gives me, is one of the most important things in my life. I do travel from time to time and do chill... but I don't see myself not doing what I love to do.
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Old 06-01-2010, 01:33 PM   #23
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all the cool kids retire at 30
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Old 06-01-2010, 01:34 PM   #24
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Smartest post on GFY ever...
wait... was it 'retired' or 'retarded'? I've been retarded for a long time.
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Old 06-01-2010, 01:46 PM   #25
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if you do a job and you're always thinking about retirement, you're doing the wrong job.
Well put.

What do you want to do once you're retired? Why don't you start doing that now?
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Old 06-01-2010, 01:52 PM   #26
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all the cool kids retire at 30
I must be cool then.

Lasted 2 years I got so fucking bored I can't really explain it. It's also a lot more expensive to have so much spare time that needs filling.
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Old 06-01-2010, 02:05 PM   #27
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I planned to retire at 50 and go live in Thailand. Had the money to do it and property to let that would bring in a nice income.

Met Eva at 47 and knew she would not come to Thailand with me to sit on a beach. So carried on working.

Had more fun in the last 13 years than I've ever had.

Now fast approaching 60 and the thought has come up again, my pensions kick in in August and I'm thinking of taking a back seat.

Don't worry will still be her to post my wisdom.
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Old 06-01-2010, 02:13 PM   #28
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it is nice to see people saying i will never retire and i love my job ... but hey, are you here to hunt money? i am here to enjoy my life, if i will be at some point, i will have no reason to push myself higher. if there will be needs, i will do, but i want to enjoy life, not work till the death
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Old 06-01-2010, 02:15 PM   #29
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I planned to retire at 50 and go live in Thailand. Had the money to do it and property to let that would bring in a nice income.

Met Eva at 47 and knew she would not come to Thailand with me to sit on a beach. So carried on working.

Had more fun in the last 13 years than I've ever had.

Now fast approaching 60 and the thought has come up again, my pensions kick in in August and I'm thinking of taking a back seat.

Don't worry will still be her to post my wisdom.
That's interesting to me dude. I have to ask, have you ever regretted it? Not following through on your original plan I mean.

I consider myself an extremely lucky man. It took several tries to get it right, but wife #3 is truly my best friend in this life. She will back me right up to the end of the Earth burning down in flaming armageddon. If I told her tomorrow we needed to move to Antarctica for a few years because it would be good for us and maybe even fun, she'd start packing.

but the first 2 wives gave me a lot of regret. So I was just curious.
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Old 06-01-2010, 03:46 PM   #30
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How much money do you need to retire?
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Old 06-01-2010, 04:17 PM   #31
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good luck planning retirement in this business. things can fall apart so fast, its not enough funny. you have to be 3 steps ahead at all time and anticpate change. hell, if things would of kept up the way i had them in 2007 i would be retired by now but things changed, that revenue stream died out and i had to move on.
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Old 06-01-2010, 04:19 PM   #32
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I retired for about 4 or 5 years in my mid-20's and traveled around the world with a backpack I ran into lots of 50-60 year olds who told me they envied me for doing it so young.
you mean you just didn't work for a few years? i could be wrong but retirement to me means you have the financial means to support yourself without working for the rest of your life.
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Old 06-01-2010, 04:26 PM   #33
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Have you checked the stock market lately? I'll be lucky if I ever get to retire!
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Old 06-01-2010, 04:37 PM   #34
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i think if i had a choice or not i would say when i turn 60 because there is alot of money out here to get but if money is right when i'm 50 an the economy is good best beleave i will retire
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Old 06-01-2010, 04:39 PM   #35
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My goal is to be financially independent by before I am 30.
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Old 06-01-2010, 04:44 PM   #36
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I tried retiring when I was 45,it was realllllllllllllllllllll boring.

And if you make your hobbies your work,what do you do for fun?
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Old 06-01-2010, 05:23 PM   #37
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I'll probably work for the man until I'm 65
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Old 06-01-2010, 05:24 PM   #38
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I took golf lessons at my grandparents country club as a kid. I was not good at golf.

Don't think retirement is for me, although what I work on would vary with available resources.
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Old 06-01-2010, 06:12 PM   #39
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How much money do you need to retire?
I think most people who are thinking in retiring by that age, will need at least, I repeat at least 10 million USD (in capital and/or ACTIVE assets).

Yes, probably someone can quote saying and inserting a laugh icon, pretending to say that 10 million is not enough or something like that, but for 90% of people is a good capital to retire.

Of course this may vary from country to country, but you have an idea. For some cases, 1 million is enough to retire if they really know how to make that money work and don't have too many passives. But again, in countries like UK/England, 1 million is nothing.. Just my two cents.

.

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Old 06-01-2010, 07:41 PM   #40
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No matter how much I make I will never retire. I like what I do.
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Old 06-01-2010, 07:53 PM   #41
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I tried retirement.... it's really, really fucking boring. You end up doing insane chores just to be occupied. You create chores. Even fun shit like jetskiing gets real old, real fast.

I will work till I die.
Couldn't have said it better myself.


Retiring young sounds cool and you think it's going to be awesome, but it gets old FASTand it's very easy for depression to start setting in (at least it did with me). I won't be doing that again any time soon.
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Old 06-01-2010, 10:20 PM   #42
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My plan is to retire at 50. If my business continues the way it's going, that'll definitely happen!

How about you, when do you plan on retiring?
You're probably asking the wrong bunch of people, apart from the useless sigwhores most of us self employed entrepeneurs (sp?) have at least some of that "get up and go" twinkle in their eye...

It's the people stuck in dead end 9-5 jobs that look forward to retiring; I can't imagine just walking away from it all one day, I think I'd still be involved in a lot of projects, except monetizing them would no longer be one of the most important things
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Old 06-02-2010, 04:04 AM   #43
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I don't want to retire, however, I will transition into something new with less headache and less "children" to deal with and little time sitting in front of my computer. May open a dive shop later on.
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Old 06-02-2010, 04:25 AM   #44
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Retiring is something you think about when your young.
I tried for a while and got down 5 handicap but you get bored playing golf all day.
Your priorities change all the time, just go with it.
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Old 06-02-2010, 05:01 AM   #45
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That's interesting to me dude. I have to ask, have you ever regretted it? Not following through on your original plan I mean.

I consider myself an extremely lucky man. It took several tries to get it right, but wife #3 is truly my best friend in this life. She will back me right up to the end of the Earth burning down in flaming armageddon. If I told her tomorrow we needed to move to Antarctica for a few years because it would be good for us and maybe even fun, she'd start packing.

but the first 2 wives gave me a lot of regret. So I was just curious.
Never regretted it for a single minute. Had more fun in the last 13 years than I had for the previous 47 and shared them with someone I love and who loves me back. The last two years have been a hard time and still we laugh and love each other.

My first two mariages were big mistakes.
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Old 06-02-2010, 05:44 AM   #46
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sounds like a bunch of fellas who have no kids and no obligations. Will you retire if you have enough for yourself only but your children need money for college and other stuff? I need 3 times more the I really need because I run family.
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Old 06-02-2010, 05:47 AM   #47
Redrob
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Location: In a refrigerator box by the tracks.
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Looking for the right place to land: Fukuoka, Paris, Phuket, Telluride, Singapore, Shanghai, and a couple of more are on my short list. Currently in Austin and it is hard to beat.
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Old 06-02-2010, 06:38 AM   #48
tranza
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I'm too young to be thinking about retiring.......
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Old 06-02-2010, 12:43 PM   #49
czarina
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I love my job, and I'm pretty good at it, but my dream is to be a writer. I'm still in my 30's, have a few properties and no real debt.
So my plan is to retire the day I turn 50 and live off my income properties and the money I have in the bank (which I've worked very hard for), and spend a few hours a day writing.
I also want to spend some time gardening, building and running a pet rescue place and last but not least, travel with my son, who'll be almost 20 years old by then.
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