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Old 12-10-2011, 10:15 AM
 
19,337 posts, read 16,934,141 times
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Quote:
Originally Posted by Philip T View Post
"Retire early and live a lavishing life in retirement."

So the objective is to do nothing? I mean doing nothing is the goal? Just trying to understand the thinking.

Sure on making money. Lots of ways to make lots of money. I just could not find the appeal of sending money to folks on Wall Street, all in the hopes they will send you more back.

But you are sort of locked in to that (non?) choice because of employment status and 401K and Roth IRA tax programs?
That's the way to do it, Philip.

Think of all the goods and services or even a cure for cancer that may result.

Anyway the basic idea of saving and investing is pretty much bunk unless the majority of investors place it into productive industrial capital rather engaging in a bidding war for a deep water port . However what must also occur is they must create a surplus in their product, otherwise they are simply shifting some other surplus. i doubt they are on average expert resource allocators. I suppose its better if you make no tangible product to consume less, but overall it will fail unless there is a surplus. Someone, somewhere actually needs to create wealth at some point. I simply don't believe most "investors" do much more than not eat a sandwich so that a scientist can eat it. That's great to pour a producers coffee and all, but would it not be nice to have a drive to produce value?
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Old 12-10-2011, 11:18 AM
 
5,409 posts, read 10,330,951 times
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Quote:
Originally Posted by Texas User View Post
No, you personal goal.
Dunno there is a claimed financial part that stands alone is what I am sort of lost on. Does that make sense?

Here is what I sort of plan ahead. Year or two ahead -- Doing the Energy and Renewable Projects I am working on -- and the Electric Farm. Maybe (but only maybe) after that Electric Roadway project.

On the personal side of things, should probably get my PE (Professional Engineer) registration -- folks are always nagging me on that. And next year our 5 year old will be doing the Kiddie-Garden thing, so Momma wants off the leash a little so she can get back into Social Working things.

So I will probably be doing a mix of Home-Daddy, Renewable Energy/Farming/Engineer, and probably start working on the PhD thing, again.

After I see US (the US, that is) heading off Oil, and feeding and fueling (it/our)self, I will probably wander back into Neural Interface design work, finish the PhD, and do the Grey-beard Professor thingy, and pretty much play with the kids, students, some travel with Renewable Energy type projects and maybe Engineers-Without-Borders, and try to make the world a least a little bit better place.

But no "lavish" retirement, sit around, and do nothing thing. Again, not saying anything bad about that, but it does not make sense to me, and that is why I was asking.
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Old 12-10-2011, 07:43 PM
 
12,671 posts, read 21,926,230 times
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Why not have a lavishing rertirement?

Quote:
Originally Posted by Philip T View Post
Dunno there is a claimed financial part that stands alone is what I am sort of lost on. Does that make sense?

Here is what I sort of plan ahead. Year or two ahead -- Doing the Energy and Renewable Projects I am working on -- and the Electric Farm. Maybe (but only maybe) after that Electric Roadway project.

On the personal side of things, should probably get my PE (Professional Engineer) registration -- folks are always nagging me on that. And next year our 5 year old will be doing the Kiddie-Garden thing, so Momma wants off the leash a little so she can get back into Social Working things.

So I will probably be doing a mix of Home-Daddy, Renewable Energy/Farming/Engineer, and probably start working on the PhD thing, again.

After I see US (the US, that is) heading off Oil, and feeding and fueling (it/our)self, I will probably wander back into Neural Interface design work, finish the PhD, and do the Grey-beard Professor thingy, and pretty much play with the kids, students, some travel with Renewable Energy type projects and maybe Engineers-Without-Borders, and try to make the world a least a little bit better place.

But no "lavish" retirement, sit around, and do nothing thing. Again, not saying anything bad about that, but it does not make sense to me, and that is why I was asking.
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Old 12-10-2011, 08:30 PM
 
Location: Los Angeles area
14,017 posts, read 18,865,192 times
Reputation: 32438
Quote:
Originally Posted by Philip T View Post
But no "lavish" retirement, sit around, and do nothing thing. Again, not saying anything bad about that, but it does not make sense to me, and that is why I was asking.
Not surprisingly, the above question is batted around frequently in the retirement forum. Lots of people who have had stressful jobs and/or careers, especially if long work hours were involved, look forward to taking it easy and doing nothing. My take on that is that those people may well find doing nothing to be their ticket for two weeks, two months, or even longer, but that eventually they come to find the lack of focus and lack of meaningful activity unrewarding. They eventually need to escape from the life of total laziness in order to be happy. Of course there are many, many ways to escape, but that would be even more off topic....
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Old 12-10-2011, 08:30 PM
 
5,409 posts, read 10,330,951 times
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Quote:
Originally Posted by Texas User View Post
Why not have a lavishing rertirement?
Dunno. You follow I am not saying anything bad for you in that?

btw, thanks for hanging with me on this discussion.

Just does not sound like a "fit," for the way I view/approach the world. May be background, may be . . . dunno.

From my point of view I would not really to care have more to the point that it would mean someone else would have to do without.

Maybe it is a Gandhi thing? Yunno . . . The Roots of Violence: Wealth without work, . . . .

Guess maybe it is the influence from Mennonite farmers and community in my much younger years?

I figure I have maybe 20 years left on the planet -- I really do not care for just sitting around on my butt.
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Old 02-12-2012, 03:42 PM
 
1 posts, read 628 times
Reputation: 20
WE ARE HEADED FOR ECONOMIC DISASTER!! The stock market does not parallel current economic conditions. It's driven by greedy manipulative politicians and bankers who use it as a casino to create wealth with smoke and mirrors and pull money out of thin air! The unemployment reports, corporate earnings and GDP #s are miniscule compared to the overall picture! We are 15 trillion dollars in debt!! In an effort to stimulate the ecomnomy the government pushed interest rates basically to zero and said thats where they will stay until 2014! With interest rates that low, inflation will begin to destroy us! $4.00 for a gallon of milk is a clear sign of the beginning inflation! It costs me $125 for a half cart of groceries. It's going to get worse very quickly! The only way to keep inflation under control is by raising interest rates aggressively! Once interest rates are raised the government will not be able to afford the 15 trillion debt which will spiral out of control and the US government for the 1st time in history will default on its debt!! This will result in a massive sell off of our treasuries by foreigner investors which will instantly collapse the dollar!! The US govt will no longer be a safe haven while the world is in a global recession thus bringing on a global depression!! The only safe haven will be GOLD!! The US government and economists know this is inevitable. Once its clearly playing out for the majority to see GOLD will run up to $5,000 - $10,000 per ounce or more!! Not only will individual investors and banks try to accumulate as much gold as possible but governments will be in a frenzy to hoard whatever is out there!! Limited supply + extreme demand = soaring prices!! $1,723 oz is a bargain!!!
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Old 02-13-2012, 06:08 PM
 
3,335 posts, read 2,701,528 times
Reputation: 921
Quote:
Originally Posted by little rhino View Post
WE ARE HEADED FOR ECONOMIC DISASTER!! The stock market does not parallel current economic conditions. It's driven by greedy manipulative politicians and bankers who use it as a casino to create wealth with smoke and mirrors and pull money out of thin air! The unemployment reports, corporate earnings and GDP #s are miniscule compared to the overall picture! We are 15 trillion dollars in debt!! In an effort to stimulate the ecomnomy the government pushed interest rates basically to zero and said thats where they will stay until 2014! With interest rates that low, inflation will begin to destroy us! $4.00 for a gallon of milk is a clear sign of the beginning inflation! It costs me $125 for a half cart of groceries. It's going to get worse very quickly! The only way to keep inflation under control is by raising interest rates aggressively! Once interest rates are raised the government will not be able to afford the 15 trillion debt which will spiral out of control and the US government for the 1st time in history will default on its debt!! This will result in a massive sell off of our treasuries by foreigner investors which will instantly collapse the dollar!! The US govt will no longer be a safe haven while the world is in a global recession thus bringing on a global depression!! The only safe haven will be GOLD!! The US government and economists know this is inevitable. Once its clearly playing out for the majority to see GOLD will run up to $5,000 - $10,000 per ounce or more!! Not only will individual investors and banks try to accumulate as much gold as possible but governments will be in a frenzy to hoard whatever is out there!! Limited supply + extreme demand = soaring prices!! $1,723 oz is a bargain!!!
But you can't eat gold. Better to buy a farm, horse and a plow.
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Old 02-13-2012, 06:28 PM
 
16,374 posts, read 19,589,602 times
Reputation: 14294
Quote:
Originally Posted by modeerf View Post
But you can't eat gold. Better to buy a farm, horse and a plow.
or waterfront property and a fishing pole.
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Old 02-13-2012, 08:41 PM
 
Location: Portland, Oregon
7,090 posts, read 11,167,859 times
Reputation: 4118
Hey Grandpa Spamwad, what happened to your economic doom that you were sure was going to happen?
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Old 02-13-2012, 10:08 PM
 
5,409 posts, read 10,330,951 times
Reputation: 4478
Quote:
Originally Posted by modeerf View Post
But you can't eat gold. Better to buy a farm, horse and a plow.
dunno. Little Rhino sounded like s/he could use a Little Valium.

ARRRHHHH!!! AARRRHHHH!!!! (run around in circles, fall over) ARRRHHH!!

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