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F.I.R.E (financial independence retire early)

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55 minutes ago, MikeB said:

It's good to plan, you should do it. I'm reminded of an old Yiddish expression, " Man plans and God laughs".

No plan survives contact with the enemy.

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26 minutes ago, BrettGC said:

No plan survives contact with the enemy.

Unless you are one step ahead and HERE we must be :huh:

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As noted philosopher Mike Tyson said, " Everyone has a plan until they get punched in the mouth".

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Is-l225.jpg told you i was tight, here is my fire.

 

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On 17/11/2017 at 9:44 PM, BrettGC said:

No plan survives contact with the enemy.

Or ones heart and then reality kicks in.

Cheers, Steve.

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On 11/16/2017 at 7:32 AM, Old55 said:

very general lowest number would be about $1200 USD a month. For sure that’s my opinion others will differ

I have found that we can live comfortably for less than that Old55 but as rightly said, it is all about personal preferences.  Living in the provinces makes it easier cost wise.

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I just sat through a 1 hour pod cast with Paula Pant interviewing Suze Orman on the F.I.R.E movement.  According to Orman, 2 million dollars is not enough to retire.  I can't believe the arrogance of this lady.  

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Well with just another 4 pay days left all my planning will come into force and i still believe i will do just fine and my little amount.

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3 hours ago, bows00 said:

I just sat through a 1 hour pod cast with Paula Pant interviewing Suze Orman on the F.I.R.E movement.  According to Orman, 2 million dollars is not enough to retire.  I can't believe the arrogance of this lady.  

She is more than likely talking about in the US. If you retire at say 35yrs old there will not be much SS income, health insurance will be expensive, no income from a job. You will have to support yourself for maybe 50yrs. To maintain a decent lifestyle you need maybe $60,000 a year plus inflation, looking at $3,000,000 plus the earnings.

I don’t like her either but I think she may be right on this one.

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1 hour ago, softail said:

I don’t like her either but I think she may be right on this one

If you listen to the pod cast, I think you would have a different opinion.  

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