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Location: Formerly Pleasanton Ca, now in Marietta Ga
10,351 posts, read 8,572,211 times
Reputation: 16698
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Start with 5 million. Invest in the market and real estate. Move to a low col area and get room mates. Live frugally. Do not touch the 5 million and the investments for 20 years. Don’t get a new car or any car, get a bicycle, used at the goodwill store. Learn to hunt pigeons and squirrels and cook them. Swipe veggies from other people’s gardens.
In 20 years you are set. I see no reason why this won’t work any better or worse than other methods posted here.
If you start with 5 million you can just put it in a savings account and live off that. 25k from 1/2 % interest will do fine if you are eating pigeons and purloined veggies. Might want to get CDs with a slightly higher yield if you desire a more luxurious lifestyle.
From a practical standpoint you should invest part in a mutual fund, dividend stocks, or some sort of annuity that throws off enough income that you qualify for Obamacare subsidies. An uninsured health catastrophe could eat into your nest egg really quickly. Oh wait, 25K will qualify you for subsidies if you are single.
1. Get a p/t job which provides solid helathcare benefits.
2. Get a DIY husband
3. Both work only p/t so you can have a life...and work at home the remaining of the time
4. Find a good plot of land somewhere locating the resources you will need, water is #1.
5. Create a business plan which utlizes the resources on that land and your loves and dislikes.
6. Garden if possible and profitable. Hunt whatever is in abundance, or easiest.
7. Captitalize on your free resources. Trade when possible
8. Consider rentals. AIRB&B, etc. for a side income
9. Keep track of your hours "worked". It must be profitable.
10. Instead of donating money, donate your free resources or somehow use them to create the $ needed to donate.
11. Don't pass up a low paying job. If you chose to work a low paying job
a. try to hit many birds with one stone.
b. Get your exercise in somehow otherwise you need to do it on your own time. Time is $.
c. Ensure it has enough downtime to complete tasks that would've needed to be been completed at home.
d. Pick a job and mold it to your needs, while promoting it as you are doing it for the company. This needs to be done well after trust isestablished. Plan to work the job 1 yr before introducing changes.
e. Get in a line of work where 10+ hour shifts are available. 12-24 hr shifts are better
f. Again, ensure there is plenty of downtime to where you can do extra work BUT still get things done you need to.
Regular people say they work 8 hrs a day but it's really 9 hrs if you add in lunch. 1 hr unpaid as the commute to work is also unpaid. Get as many hours as you can in at any given shift while being paid to eat while on the job. This also makes for less unpaid commuting time.
g. Use your resources to barter for what you need. If I realize an $18 an hour benefit to making homemade maple syrup (about the cost of one quart of maple syrup) and it takes an hour, recruit someone to assist for less $.
h. Help people with your resources.
i. Share the internet. Yes it's illegal but do you really need all that data? We pay $5 a month for internet which is what our neighbor pays to add on internet with her "Package" deal. We offer up our chicken eggs sometimes and a free 7-8lb organic chicken for when she hosts her family at Xmas. Our pet chickens are there because we love chickens, we aren't major egg lovers.
Anything you do, hit many birds with one stone. Vacations? Place an add on Craigslist to carpool to share gasoline costs. Gifts? Find your resources. Maple trees in abundance provide an easy source of maple syrup. Neighbor has a pear orchard so wait till the end of the season and offer up eggs & a 7-8 lb chicken to pick the remaining pears she didn't pick. Grab rotten pears off the ground for the compost pile.
Just WHERE do i 'start with $5m"???? Where oh where does THAT come from?
Apparently ypu have never eaten pigeon, if you had, youd already know if that was your diet, youd starve.
Steal vegetables? From what neighbor? None around here grow much. I HAD a large garden, not enough to sustain us, but definitely enough to supplement.
But squirrels, rabbits, chipmunks etc would take one bite of each vegetable and not eat it, but tske one bite of the next. I erected a fence, that helped but still.
I sometimes cant even walk, let alone ride a bike everywhere.
It might be a nice life if you can get it.
Just be sure to tell me where i get the $5m to start!?!?
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,351 posts, read 8,572,211 times
Reputation: 16698
Quote:
Originally Posted by galaxyhi
Ok, aslowdodge,
Just WHERE do i 'start with $5m"???? Where oh where does THAT come from?
Apparently ypu have never eaten pigeon, if you had, youd already know if that was your diet, youd starve.
Steal vegetables? From what neighbor? None around here grow much. I HAD a large garden, not enough to sustain us, but definitely enough to supplement.
But squirrels, rabbits, chipmunks etc would take one bite of each vegetable and not eat it, but tske one bite of the next. I erected a fence, that helped but still.
I sometimes cant even walk, let alone ride a bike everywhere.
It might be a nice life if you can get it.
Just be sure to tell me where i get the $5m to start!?!?
1. Get a p/t job which provides solid helathcare benefits.
2. Get a DIY husband
3. Both work only p/t so you can have a life...and work at home the remaining of the time
4. Find a good plot of land somewhere locating the resources you will need, water is #1.
5. Create a business plan which utlizes the resources on that land and your loves and dislikes.
6. Garden if possible and profitable. Hunt whatever is in abundance, or easiest.
7. Captitalize on your free resources. Trade when possible
8. Consider rentals. AIRB&B, etc. for a side income
9. Keep track of your hours "worked". It must be profitable.
10. Instead of donating money, donate your free resources or somehow use them to create the $ needed to donate.
11. Don't pass up a low paying job. If you chose to work a low paying job
a. try to hit many birds with one stone.
b. Get your exercise in somehow otherwise you need to do it on your own time. Time is $.
c. Ensure it has enough downtime to complete tasks that would've needed to be been completed at home.
d. Pick a job and mold it to your needs, while promoting it as you are doing it for the company. This needs to be done well after trust isestablished. Plan to work the job 1 yr before introducing changes.
e. Get in a line of work where 10+ hour shifts are available. 12-24 hr shifts are better
f. Again, ensure there is plenty of downtime to where you can do extra work BUT still get things done you need to.
Regular people say they work 8 hrs a day but it's really 9 hrs if you add in lunch. 1 hr unpaid as the commute to work is also unpaid. Get as many hours as you can in at any given shift while being paid to eat while on the job. This also makes for less unpaid commuting time.
g. Use your resources to barter for what you need. If I realize an $18 an hour benefit to making homemade maple syrup (about the cost of one quart of maple syrup) and it takes an hour, recruit someone to assist for less $.
h. Help people with your resources.
i. Share the internet. Yes it's illegal but do you really need all that data? We pay $5 a month for internet which is what our neighbor pays to add on internet with her "Package" deal. We offer up our chicken eggs sometimes and a free 7-8lb organic chicken for when she hosts her family at Xmas. Our pet chickens are there because we love chickens, we aren't major egg lovers.
Anything you do, hit many birds with one stone. Vacations? Place an add on Craigslist to carpool to share gasoline costs. Gifts? Find your resources. Maple trees in abundance provide an easy source of maple syrup. Neighbor has a pear orchard so wait till the end of the season and offer up eggs & a 7-8 lb chicken to pick the remaining pears she didn't pick. Grab rotten pears off the ground for the compost pile.
I read all this and I say "what is the point?". I'd seriously rather go through life living a real existence than live like that and retire rich. I think I will technically retire rich anyway. Seems just living a normal life and making some decent investments got us there.
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,351 posts, read 8,572,211 times
Reputation: 16698
Quote:
Originally Posted by ElmersGlue.
1. Get a p/t job which provides solid helathcare benefits.
2. Get a DIY husband
3. Both work only p/t so you can have a life...and work at home the remaining of the time
4. Find a good plot of land somewhere locating the resources you will need, water is #1.
5. Create a business plan which utlizes the resources on that land and your loves and dislikes.
6. Garden if possible and profitable. Hunt whatever is in abundance, or easiest.
7. Captitalize on your free resources. Trade when possible
8. Consider rentals. AIRB&B, etc. for a side income
9. Keep track of your hours "worked". It must be profitable.
10. Instead of donating money, donate your free resources or somehow use them to create the $ needed to donate.
11. Don't pass up a low paying job. If you chose to work a low paying job
a. try to hit many birds with one stone.
b. Get your exercise in somehow otherwise you need to do it on your own time. Time is $.
c. Ensure it has enough downtime to complete tasks that would've needed to be been completed at home.
d. Pick a job and mold it to your needs, while promoting it as you are doing it for the company. This needs to be done well after trust isestablished. Plan to work the job 1 yr before introducing changes.
e. Get in a line of work where 10+ hour shifts are available. 12-24 hr shifts are better
f. Again, ensure there is plenty of downtime to where you can do extra work BUT still get things done you need to.
Regular people say they work 8 hrs a day but it's really 9 hrs if you add in lunch. 1 hr unpaid as the commute to work is also unpaid. Get as many hours as you can in at any given shift while being paid to eat while on the job. This also makes for less unpaid commuting time.
g. Use your resources to barter for what you need. If I realize an $18 an hour benefit to making homemade maple syrup (about the cost of one quart of maple syrup) and it takes an hour, recruit someone to assist for less $.
h. Help people with your resources.
i. Share the internet. Yes it's illegal but do you really need all that data? We pay $5 a month for internet which is what our neighbor pays to add on internet with her "Package" deal. We offer up our chicken eggs sometimes and a free 7-8lb organic chicken for when she hosts her family at Xmas. Our pet chickens are there because we love chickens, we aren't major egg lovers.
Anything you do, hit many birds with one stone. Vacations? Place an add on Craigslist to carpool to share gasoline costs. Gifts? Find your resources. Maple trees in abundance provide an easy source of maple syrup. Neighbor has a pear orchard so wait till the end of the season and offer up eggs & a 7-8 lb chicken to pick the remaining pears she didn't pick. Grab rotten pears off the ground for the compost pile.
Too much work. I like the 5 million idea better.
Where do you get health care on a part time job?
Too much work. I like the 5 million idea better. Where do you get health care on a part time job?
Well so do I. I wish I was bright enough to earn 5 million!!
Chase Bank a.k.a JP Morgan offers health care & a limited healthcare plan for retirees which includes covering deductibles & co-pays + a limited prescription plan @ $10 generics/$20 name brand drugs up to $300 a month. +$10 doc visits/$15 specialists. It's $50 a month
I worked an average of 4.5 hrs a day for 20+ yrs. They screwed us over on the 401k though but that's for another thread.
I believe they still offer this package to part timers. There are other jobs which offer these benefits to part timers though they might be few and far between nowadays
I became a Security Guard later working two 12 hr shifts w/ 50% of the shift being sleep time. Much easier and it required me to drive but I prefer cycling which was allowed. Low wages but again...job provides a good dental plan for myself & my husband at $10 a mo.
They asked me to work 2 additional days per month (12 hr shifts) so I accepted. Maybe it's too costly for them with my working just 24 hrs a wk (2 days) to offer dental/vision to us. Who knows.
Last edited by ElmersGlue.; 07-20-2019 at 07:26 PM..
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