UnThreaded | Threaded | Whole Thread (33) | Ignore Thread Prev | Next
Author: Watty56 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77203  
Subject: Re: Is $1 million enough? Date: 5/13/2007 1:56 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
You are probably looking at this as being too black and white where you are either working in a situation you don't like or you are completely retired. There is a lot of middle ground where you could move to a less expensive area and work in a lower paying job that you like.

There are nice areas of the country where you can get a passable house for $150K which would leave you with $850K to invest. You could safely withdraw 2% of that and with no rent(since you bought a house) you should be able to make the rest of your frugal monthly expenses with relatively minor work.

If you and your spouse could each earn a thousand dollars a month ($24K per year) that would make the numbers look a lot better.

Since spending more time with your kids is important, one possibility run a small daycare and after school care business to have some income.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (33) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
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:

Apple Watch and the Rational Mind
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.