How much is enough..........

[mtnman2003]

How much do you need to retire?

Would you before you reach that age?

Mtn

 

[rgraham666]

With no marketable skills, I'll have to keep working until the end of my days.

 

[bisexplicit]

I know my dad thinks he needs about one and a half million to retire.
But, I'm way too young to retire - I haven't even had a career yet, hehe.

 

[oggbashan]

It depends on you. If you can adapt to a lower income because your major expenditures e.g. house, children's education, have been paid for, then whenever the payments stop.

Of course, if like me, your youngest decides to study medicine for six years, then retiring gets deferred.

Og

 

[Lauren Hynde]

If I win Euromillions' first prize on Friday, I'll be retired by Saturday.

 

[impressive]

I'm gonna be Lauren's kept woman.

 

[Lauren Hynde]

 

[mtnman2003]

Hiya Imp, Lauren.......

I have run this through my mind over the past several weeks.

I am selling one of my businesses. It will provide more than sufficient funds for my lifetime, my kids, and if done with a degree of care, more than that.

I employ hundreds of people. The businesses will continue.

What do I do. I have received preliminary approval from my lenders for 4-new projects. I go and submit loan applications for $1.5B. I will employ hundreds more. And they will get approved.

Told the spouse "give me 2-more years". Her response, "haha, you can't give up the deal". Well, maybe I can delegate more responsibility to the key personnel.

So, when is enough? When they plant me?

Mtn

 

[impressive]

So, when is enough? When they plant me?

Mtn

Do what makes you feel the most ALIVE ... what makes a monochrome world turn bright with color. Do it ... and love it ... and never look back.

Fuck the money. It ain't about money.

 

[mtnman2003]

The money validates.........

Imp, yes, I do what I want! And will continue to do it!

It's about the deal! It's about winning! It's about ego! Etc!

And the money comes with it. Lots I would do without the money, but damn, I love to get validated!

Mtn

 

[Lauren Hynde]

Imp, yes, I do what I want! And will continue to do it!

It's about the deal! It's about winning! It's about ego! Etc!

And the money comes with it. Lots I would do without the money, but damn, I love to get validated!

Mtn

Get validated, send me half the money, and then retire.

 

[mtnman2003]

Ok, let's make this fair..........

Lauren,

One half the money, ok.......... I'll send it, but you get 1/2 my new debt.

It's really not worth much, lots of zeros..........

Mtn

 

[R. Richard]

So, when is enough? When they plant me?

Mtn

Maybe the question is not when is enough. I have talked to several people who have retired with enough money to at least live comfortably. The question that they all seem to ponder is "what else is enough?" Sitting on the front porch and watching the world go by seems very attractive when you have deadlines leaning all over you. However it seems to get very boring.

From what I have been told by retired people, don't retire until you have other things you really want to do, no matter how much money you have.

 

[snooper]

In my (long) experience, people who build big businesses cannot retire. They may start out wanting to make a million, but when they do, it turns out they really wanted to make ten million, and when they do, it turns out they really really wanted to make a hundred million, and so on.

Others, me included, know exactly how to spend money, and therefore never make a million. I had a good career, and was well known in my (minuscule) field, well enough known to be invited half way round the world to speak at conferences. I put some money in a pension fund, and between that and my novels, I sit happily at my keyboard at 9:30 in the morning, posting on Lit.

Retirement is a misnomer - it is a change of activity pattern. If you haven't got any new activity pattern to pursue, don't give up the old one.

 

[impressive]

Retirement is a misnomer - it is a change of activity pattern. If you haven't got any new activity pattern to pursue, don't give up the old one.

Well said.

 

[sun_lover_61]

I hope never to retire. I love my work.

And I couldn't afford to retire early anyway. I think I will have just enough superannuation and investments - as long as I die young.

I think I will just fade away so far as work is concerned. Go part time, and do progressively less and less - as it becomes too demanding.

SL61