UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1511  
Subject: RWOL By Having Alternate Income Date: 12/5/2004 3:57 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 4
I would like to suggest that one powerful way to retire well on less is to look for ways to have an alternate or supplemental source of income one can exploit as needed in retirement or should investment returns turn negative.

Hobbies, a prior trade or profession, even volunteer work might provide avenues for such an income source.

My furnace repair business functions that way for me. Indeed, I was financially independent when I quit my regular job at age 49 in 1999. With this supplemental income, I could have quit several years earlier had I wanted to do so.

And I've found there is a huge difference between doing a regular job and this kind of supplemental work where you may be free to do only the work you are happy to do.

Does anyone else have plans to include that kind of thing as a strategy in order to retire well on less?

Seattle Pioneer
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next


Kiddie Card Board
Should kids have their own credit card?
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

Taking Candy From Strangers
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.