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Joined: Jun 2016
Posts: 2,644
10 point
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10 point
Joined: Jun 2016
Posts: 2,644 |
Thats the way I have lived my adult life. Nothing usable gets thrown away until it's worn out. People make fun of my huge scrap piles and buckets of old nails & screws and my trucks with over 200,000 miles. But I'm retired at 49 and my neighbors are always combing through my barn when they need spare parts or tools or an extra widget.
And doing what you want to do, that's awesome! Congrats! I do not see a problem with being able to retire between 60 and 65. House will be paid for in early fifties, we don't drive expensive vehicles, and I wont be saving for retirement while in retirement. I do plan on making some kind of side money in retirement through woodworking, livestock, etc. Mainly because I do not want to sit around. I also will not fully fund my kids college tuition or fancy weddings; I paid my own way but will help them with some of it. Kids need to be stakeholders in their own future. All just a matter of opinion, but our household income is $80k per year so it can be done. For me, I’ve already told my wife I want to retire as early as I can. It’s a big reason I stay away from investment strategies that involve money I can’t touch until I’m a certain age. But I’m the same way. There is not telling how much money we save just reusing sammich bags and tinfoil. My wife and I have decided we aren’t funding our kids to go off to college anywhere unless they meet some criteria. Basically we aren’t paying for them to go to UA to major in communications or a generic business degree (2 biggest at the university). We will pay for them to go off to college IF they are majoring in something that will get them to med school, dental school, optometry, or pharmacy school. Or we’ll pay for them to go to Athens or UAH and major in something there so they can do an internship with Redstone. We have the ability to pay for them to go and I want them to be able to without being saddled with debt for doing so. We just aren’t paying out the nose for them to go off to UA and party.
I hope we have once again reminded people that man is not free unless government is limited. There�s a clear cause and effect here that is as neat and predictable as a law of physics: as government expands, liberty contracts. � Ronald Reagan
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