Comments on: How I Retired Early http://www.pfadvice.com/2009/08/21/how-i-retired-early/ Bridging the gap between saving money and investing Fri, 24 May 2013 17:31:52 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: jb http://www.pfadvice.com/2009/08/21/how-i-retired-early/comment-page-1/#comment-632876 jb Tue, 01 Sep 2009 15:26:29 +0000 http://www.savingadvice.com/blog/?p=5055#comment-632876 Lower expenses, avoid or pay off debt, and invest as much as you can. This is what it takes. It’s not that hard to understand. It’s hard to actually do in real life because real life is difficult. There’s nothing wrong with building the surplus and having that surplus take over for your own labor one day. If investments are paying your bills that makes you pretty free in this world.

]]> By: Gail http://www.pfadvice.com/2009/08/21/how-i-retired-early/comment-page-1/#comment-631577 Gail Fri, 28 Aug 2009 18:34:24 +0000 http://www.savingadvice.com/blog/?p=5055#comment-631577 Awesome that as a young person you had the foresight to plan where you wanted to go and figured out how to do it. I seem to remember reading that article myself. So glad that you have achieved your dream.

I too have that same love of books, but have also found ways to have them for cheaper. I’m home on disability and even with poor health, I’m never bored. I don’t understand why people are bored if they don’t have a ratrace to go to every day. There are so many things to do if you don’t have to worry about getting out of bed and out the door every day.

The poster seems to have been living a spartan lifestyle all his adult life and I doubt that continuing to do so will now be a problem for him as it is his habit.

]]> By: Lester http://www.pfadvice.com/2009/08/21/how-i-retired-early/comment-page-1/#comment-631285 Lester Thu, 27 Aug 2009 18:13:47 +0000 http://www.savingadvice.com/blog/?p=5055#comment-631285 For the most part your desire to retire early is admirable but I disagree on paying off your mortgage “early”. By getting a low interest loan for 30 years I would rather invest/save the difference and let the monies compound over this period. With the downturn of the present real estate market home owners equity has dropped significantly and have difficulty tapping into this equity in emergency situations. The difference over time of putting away the emergency monies would have been realized sooner. I would rather have a liquid asset to get to rather than a difficult one as my house. At a early part of my working career I think it’s important to accumulate investment assets to work for me over time and at the same time make the minimum payments to my 30 year mortgage. If, I got laid off or injured and was not able to bring in my regular income to cover my monthly expenses I would be able to tap into this emergency fund to tide me over until things got better. Other than that I wish you a happy and prosperous retirement! Also, what are you doing for healthcare coverage?

]]> By: annie http://www.pfadvice.com/2009/08/21/how-i-retired-early/comment-page-1/#comment-631281 annie Thu, 27 Aug 2009 16:15:30 +0000 http://www.savingadvice.com/blog/?p=5055#comment-631281 Great article. What are you paying for health insurance?

]]> By: minny http://www.pfadvice.com/2009/08/21/how-i-retired-early/comment-page-1/#comment-631052 minny Wed, 26 Aug 2009 16:05:46 +0000 http://www.savingadvice.com/blog/?p=5055#comment-631052 Great article.

And, of course if you ever want or need to you can get a part time of full time job for as long as you want.

A dream is a dream – until you write it down when it becomes a goal!

]]> By: Jan http://www.pfadvice.com/2009/08/21/how-i-retired-early/comment-page-1/#comment-630924 Jan Wed, 26 Aug 2009 13:12:55 +0000 http://www.savingadvice.com/blog/?p=5055#comment-630924 Congratulations and thanks for sharing!

]]> By: Cindy M http://www.pfadvice.com/2009/08/21/how-i-retired-early/comment-page-1/#comment-630904 Cindy M Wed, 26 Aug 2009 12:38:23 +0000 http://www.savingadvice.com/blog/?p=5055#comment-630904 Can’t resist asking, believing it’s not really not such a dumb question and hoping you’ll be forthcoming about this – What in the world are you doing with yourself all day, day after day, now you’re retired with hopefully another 30 or so years left to you? I’d find your answers to that a far more interesting thing to read. Thanks.

]]> By: clauduia http://www.pfadvice.com/2009/08/21/how-i-retired-early/comment-page-1/#comment-630890 clauduia Wed, 26 Aug 2009 12:14:50 +0000 http://www.savingadvice.com/blog/?p=5055#comment-630890 I share your desire to retire early, but IMO, $18 to $21,000 a year to live on from age 47 on, even with a paid off house, is not enough to live on except in a truly spartan lifestyle. Inflation will do a number of your savings, and the big risk here is that if you do find you don’t have enough money, by the time you realize that, you’ll have difficulty getting hired.

Also, FYI, you don’t pay taxes on withdrawals from Roth IRAs. Your contributions were made post-tax, so you don’t pay taxes again.

]]> By: Noel http://www.pfadvice.com/2009/08/21/how-i-retired-early/comment-page-1/#comment-629534 Noel Sun, 23 Aug 2009 08:06:37 +0000 http://www.savingadvice.com/blog/?p=5055#comment-629534 Fine, you are now retired and thanks for sharing how you got there? What worries me more is the vacuum that will be created in my life after my retirement. Now, my life is so tied up that idea of staying home freaks me out. I honestly get bored. My family doesn’t expect me to pay attention to them all the time.
I really wonder, what is your experience in this regard and whats you current engagement?
Thanks again for sharing.

]]> By: Raymond http://www.pfadvice.com/2009/08/21/how-i-retired-early/comment-page-1/#comment-629387 Raymond Sat, 22 Aug 2009 16:37:24 +0000 http://www.savingadvice.com/blog/?p=5055#comment-629387 This is awesome. I really line the foresight and planning you put into it. I’d like to find that old Mother Earth article and check it out!

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