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Old 07-14-2019, 07:24 AM
 
Location: RVA
2,174 posts, read 1,272,632 times
Reputation: 4497

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Sarasota upper echelon?? Puh-lease. Boca or Coral Gables or similar but not Sarasota.
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Old 07-14-2019, 07:47 AM
 
2,254 posts, read 566,617 times
Reputation: 3962
Quote:
Originally Posted by Petunia 100 View Post
Or they might have kept getting in trouble and ended up in prison. Personally, I'd rather pay for education than incarceration.
Personally, I'd rather the parent assume responsibility - given she's a skilled attorney - by staying in New York, staying in the rat race, and funding her children's college education herself.
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Old 07-14-2019, 08:48 AM
 
8,220 posts, read 11,935,652 times
Reputation: 18069
Quote:
Originally Posted by bungalowdweller View Post
Financial Samurai is a highly respected money blog written by "Sam" who worked his tail off (still does) and retired early. He's always been totally transparent about his assets, mistakes, etc in achieving his goal. I think he gives fairly good advice for young people.

I'm not yet retired but it's coming-----Next Year!

Those who are retired----active investors, pensioners, those just on SS Please share your thoughts about this latest post of Sam's.

https://www.financialsamurai.com/the...IB_9LWnoPkClt0
I must be missing something. What is highly respectable about living in abject poverty?


Quote:
Originally Posted by cebuan View Post
So it's not the homeless guy who is expensive. It is the regulatory/industrial complex. Full employment guaranteed by the bloat of needlesss workers to comply with government regulations. More Americans in the labor force now than in the 50s, despite automation, computerization and outsourcing. And more paper consumption despite digital data and the extinction of print media..
What a completely ridiculous statement. In 1950 the population of the U.S. was 151 million; today it is more than double that amount. In next year's census, the population is projected to be over 332 million. That's an increase of 181 million people. And you're surprised that there are more people in the workforce now than 60+ years ago?
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Old 07-14-2019, 09:05 AM
 
Location: NE Mississippi
13,716 posts, read 8,612,921 times
Reputation: 19977
I read the article and thought the guy was a little shallow.


Still, if you want to not work, you can. Not very many of us can "not work" and live in San Fransisco while keeping our wits about us, but there are other places.
The first thing our new retiree needs is a place to live. And I mean a paid for place to live. Free and clear forever. And that paid for place to live needs to be in an area where property taxes and expenses are LOW!
There are lots of places around that fit that description. Lots of places in the South; I think you could do it in portions of Florida and probably in Texas.


If someone wants to roll the dice and stop working at a young age, maybe he should go for it. Just be advised I have a few friends who tried it, and I have never seen it work out.
Examples:
My brother: Bought a sailboat and drifted off at age 50. Now he is 72 and is stuck in Panama with no way of ever returning to America. He has no money and no place to go and he's too old to manage the sailboat.
Lindsay: He and his wife sailed away, too. They found they could not stay in the US because living on a sailboat is expensive and inconvenient. So they went to St Thomas and worked for a few years before his health began to deteriorate at age 62. Back in Texas, struggling and broke.
Jim: Left work early when his company bought him out. He forfeited the pension because his buy-out was upper 6 figures. That was in the mid nineties and the various recessions wiped out his fortune. Thank God he has a home paid for.
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Old 07-14-2019, 09:48 AM
 
Location: Scottsdale, AZ
7,751 posts, read 4,764,587 times
Reputation: 28415
Quote:
Originally Posted by Listener2307 View Post
I read the article and thought the guy was a little shallow.

Consider his target audience: Dreamers. Now it all starts to make sense.


Quote:
If someone wants to roll the dice and stop working at a young age, maybe he should go for it. Just be advised I have a few friends who tried it, and I have never seen it work out.
Examples:
My brother: Bought a sailboat and drifted off at age 50. Now he is 72 and is stuck in Panama with no way of ever returning to America. He has no money and no place to go and he's too old to manage the sailboat.
Lindsay: He and his wife sailed away, too. They found they could not stay in the US because living on a sailboat is expensive and inconvenient. So they went to St Thomas and worked for a few years before his health began to deteriorate at age 62. Back in Texas, struggling and broke.
Jim: Left work early when his company bought him out. He forfeited the pension because his buy-out was upper 6 figures. That was in the mid nineties and the various recessions wiped out his fortune. Thank God he has a home paid for.
It's possible that the purpose of some peoples' lives is to serve as a warning to others.

It just so happens you know a disproportionate number of human warning signs.
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Old 07-14-2019, 10:07 AM
 
Location: SoCal
13,353 posts, read 6,382,104 times
Reputation: 9960
Quote:
Originally Posted by Vasily View Post
What on EARTH are you talking about??
He is trolling as usual.
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Old 07-14-2019, 10:23 AM
 
8,220 posts, read 11,935,652 times
Reputation: 18069
Quote:
Originally Posted by tijlover View Post
Our planet is already dying quite rapidly and who wants to be alive in 30 years, given the continuing destruction?
Quote:
Originally Posted by Vasily View Post
What on EARTH are you talking about??
Well, in his defense, he didn't say that the planet he's living on is Earth.
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Old 07-14-2019, 11:35 AM
 
Location: Scottsdale, AZ
7,751 posts, read 4,764,587 times
Reputation: 28415
Quote:
Originally Posted by MadManofBethesda View Post
Well, in his defense, he didn't say that the planet he's living on is Earth.





He shoots, he SCOOORES!
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Old 07-14-2019, 01:54 PM
 
9,419 posts, read 6,290,803 times
Reputation: 17794
Question: Who the hell wants to retire to live in poverty?
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Old 07-14-2019, 02:10 PM
 
1,277 posts, read 577,923 times
Reputation: 2363
Been watching the several you tube channels out there with people who voluntarily live in their car. They make it sound pretty appealing.

Pros:
- don't have to clean your house.
- don't have to do house maintenance
- way more money on a monthly basis.
- get to travel
- no one dropping by unannounced.
- an incentive not to buy things you don't need.

Just get a ikea twin mattress and fold down your seats and you have a bedroom.
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