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URL:  http://boards.fool.com/if-any-of-you-had-to-do-it-over-again-would-you-20820155.aspx

Subject:  Re: Any stress with bare bones? Date:  5/26/2004  2:41 PM
Author:  tmeri Number:  581 of 1699

If any of you had to do it over again would you RE on a bare bones budget.


Absolutely, yes. I can live without luxury easily.

WWL identified the real problem--what if medicare, social security, etc. go away? What if health care skyrockets in cost? I don't want to be a burden to my family or society because I chose to quit working when I could have continued earning a nice salary. I don't want my choices to spill over on to others. So I might consider some part-time or temporary work for a little extra insurance.

But working had become such an absolute nightmare for me that I had to get out.


I ask because my bare bones budget is $21-22K a year.

I'm in a similar situation. I have a small fixed pension and a small portfolio. It is enough for now and will be better when I downsize my house.

SloanT made an excellent point on the FIRE Wannabees board. He said, I think it is smarter to be daring when you choose to retire (do it early!) and