ERE: Early Retirement Extreme.

[Shorty]

I spend 90% of my money on cars, booze, and women. The other 10% I waste.

[SVT Lurch]

^ excellent

I'm not sure what I'll do for the 10-15 years I'll be retired after the normal 65 (assuming typical life expectancy), what are you going to do for 30 years?

I was told the same 30% down on investment property, has anyone heard something different?

20% minimum, 25% gets a better rate. For those planning to buy your first investment property remember you have to qualify for the full payment, you can't use rental income to offset it (even if it's rented, you must have a two year history of rental income on your tax returns).

[Shaggin Wagon]

I spend almost every dime I get, I might die tommorow and would have saved for nothing. I dont plan to retire, mainly because all the old men I know die or go back to work out of sheer boredom. I'm not rich in money and never will, but Im okay with that.

[347Mike]

So my question would be: how much could you enjoy life on a $5k annual budget?

Oh and chooooo$$$$$$ chooooo$$$$$$$$

Who or why would you do that?

The monthly difference he would get from his "rental" isn't the only means of income or liquid cash he has available when he retires...

[slow99]

Who or why would you do that?

The monthly difference he would get from his "rental" isn't the only means of income or liquid cash he has available when he retires...

Read his sentence in post 1 describing the ere process. Substitute "you" in the sentence of mine you quoted with "a person".

[01vnms4v]

I spend almost every dime I get, I might die tommorow and would have saved for nothing. I dont plan to retire, mainly because all the old men I know die or go back to work out of sheer boredom. I'm not rich in money and never will, but Im okay with that.

Well said, I am in the same boat.

[BradM]

i beg your pardon... i NEVER promised you a rose garden

god bless.

But you said "I'm going to give it all to you."

[sc281]

So my question would be: how much could you enjoy life on a $5k annual budget?

Oh and chooooo$$$$$$ chooooo$$$$$$$$

Who said anything about a 5k annual budget? Im looking at 20k-30k per year. I can do plenty with that.

Isee where i wasnt very specific in my first post. 2-3 of assets invested to keep principal intact. Rental income would be main source.

1800-2500/mo


Frost, Ive thought about military. That woul help me saving, seeing as how expenses would be minimal. I need to lose weight, and id prefer to finish my degree so i could go in as an officer. I dont know how much pension would be, though.

[slow99]

Who said anything about a 5k annual budget? Im looking at 20k-30k per year. I can do plenty with that.

Post 35.

[sc281]

Post 35.

That post was only addressing my current house and whether to rent it out or sell it.

I sure as hell wouldnt be living on that alone.

[sc281]

I wish I was hourly again. It doesn't change how many hours I work in the least, but it does change how much money I make... lol

Im salary as well. Sucks, but it pays the bills.

[lowthreeohz]

hourly + benefits ftmfw!

[slow99]

That post was only addressing my current house and whether to rent it out or sell it.

I sure as hell wouldnt be living on that alone.

Ugggh, I'll clarify when I'm not stuck posting from my phone. The 2 sentences with numbers where you lay out the premise. Then forget that my quote said "you - sc281" and think "the average person".

[sc281]

Ugggh, I'll clarify when I'm not stuck posting from my phone. The 2 sentences with numbers where you lay out the premise. Then forget that my quote said "you - sc281" and think "the average person".

Oooooh. I thought you were talking about my budget in retirement.

As far as how one would like a 5k annual budget, i guess it depends on what lifestyle on is comfortable living.Most would think its sucks out loud i suppose.

Im getting my budget down to a 1500/mo budget, including $350/mo budget for misc fun expenses.

[Forever_frost]

Who said anything about a 5k annual budget? Im looking at 20k-30k per year. I can do plenty with that.

Isee where i wasnt very specific in my first post. 2-3 of assets invested to keep principal intact. Rental income would be main source.

1800-2500/mo


Frost, Ive thought about military. That woul help me saving, seeing as how expenses would be minimal. I need to lose weight, and id prefer to finish my degree so i could go in as an officer. I dont know how much pension would be, though.

If you go in as an officer, you're going to be making bank. You get paid from the day you show up for training until your last day in the service. Everything is paid for and you'd be able to sock away as much cash as you want with almost no expendatures. I know for enlisted, you get housing, food and medical care paid for. Officers get a better deal and you can get on delayed entry where they'll pay for you to finish up your degree