Betsy Og said:Re early retirment, while it sounds good, if you retired at 50 (say), assuming your health will hold for a good few years then you have a full 20 years up to 70 - at which time you might still be fairly sprightly. Thats a long time to be kicking your heels.
So would think 58 onwards maybe would be a good target - or if you get into the job you want/enjoy/were born for (does such exist I wonder??) then maybe you'd love working until you're 70??
Don't see the logic of the 'same boat' comment - It isn't much comfort to you if your home gets reposessed to know that others have been reposessed too.umop3p!sdn said:I wouldn't worry too much about paying off the mortgage. It's cheap money, and best of all someone else's money
Some people might advise using cheap money to work for you.
If the economy goes pearshaped, well we're all in the same boat. (Well a great many of us anyway)
For me, it would be not having to set the alarm clock - to be able to get up at the time that my body clock wakes up.Betsy Og said:While this is, I suppose, a personal thing, any thoughts as to what we should be aspiring to??
No. 1 is probably paying off the mortgage. That said its the cheapest borrowing you'll ever have, and is paying it off only really for those of us who harbour, at some level, the fear that everything could go pearshaped and that at least we'd have a roof over our heads if all came to all?
Personally I think it would be the freedom to do the job or work we think we'd like to do - to be able to give up the current grind and pursue the "dreams" - to work to the beat of our own drum.
Don't see the logic of the 'same boat' comment - It isn't much comfort to you if your home gets reposessed to know that others have been reposessed too.
For me, it would be not having to set the alarm clock - to be able to get up at the time that my body clock wakes up.
Now I have visions of Brendan reading a prayer before bedtime followed by AAM closedown for the evening...umop3p!sdn said:I find that I do my best work from 10:30pm onwards. I suppose it's to do with fewer distractions (like AAM)
RainyDay said:For me, it would be not having to set the alarm clock - to be able to get up at the time that my body clock wakes up.
This wouldn't be the same Govt who you repeatedly complain are too big, too intrusive, too taxing etc etc - but you're depending on it being there with a safety net for you?umop3p!sdn said:Herd mentality. It's probably what's keeping the economy going! If the economy did go bust, then the government probably would have to step in once most of its citizens are homeless and the banks go bust. Who knows what would happen. In the same boat, even if it's sinking.
Brendan said:So now you have a nice house and €1.5m, so it's back to work for you.
Brendan
Allen said:You must have an extravagant lifestyle if you can't retire on €1.5! I think you have said elsewhere that average stockmarket returns give around 7% which would give you an annual income of over €100,000. That is more than a comfortable living in my book!
Beware inflation.Allen said:You must have an extravagant lifestyle if you can't retire on €1.5! I think you have said elsewhere that average stockmarket returns give around 7% which would give you an annual income of over €100,000. That is more than a comfortable living in my book!
oysterman said:Spiralling oil prices? Declining oil supplies? A world economy hopelessly dependant on oil and its derivatives?
No danger of inflation?
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