Weird question... I have £25000 I DON'T want to save

pioneer

Hi Postie

When I was 37(Eight Years ago) , I was in a similar position to you, only difference was I'd paid off the house. Me & Mrs pioneer bought a caravan hooked it up to the car; turned right at calais and spent the next 2 years travelling the WHOLE of europe and north africa. To be free after so long couped up in 9-5 was the most amasing experience; it probably took 6 months to sink in and we came back totally different people, wouldn't have swapped it for the world. Hard to follow but then came 2 Kids equally as wonderful.

Good luck to you; go for it and think outside the box for once in your life !
As you say your not going to get an action replay.

[Deleted User]

You'll need to consider the effect of inflation...

sdooley

You could try starting up your own small gardening/specialist plants/carpentry/whatever's your bag business from the back garden if you get bored.

One small thought though - how's your pension provision sorted for later? Might be worth getting a state pension forecast and seeing how it's affected by your plans.

sdooley

If you are self-employed you may be able to pay voluntary NI stamp, not sure what pension benefits that gives but worth looking into.

ameratsu

Bored?
It's work that's boring!
I would jump at the chance of a couple of years off - so much to do, so many places to see.
I'd love to be in a position at 42 years old, where I never had to work again.
If we can afford to retire at 55, we will!

seven-day-weekend

Good luck with your venture.

Ask for a State Pension Forecast and see where you are with that, bearing in mind that if your State Retirement date is after April 6th 2010, which I assume it is, then you only need 30 years worth of contributions to get your full State Pension.

Enjoy!!!!!

ka7e

I'd just like to wish you all the best!

If you should get bored, you could always look at ways of getting the sort of job that would really interest you in 2 years time. Check out your local college for taster courses in artistic or vocational subjects - it may eat into your budget, but you could discover hidden talents!

yellowbrickroad

Sounds absolutely fantastic. Just live life to the full and enjoy the freedom. One thing I personally would do though (and I'm not sure how popular a view it will be) is to first of all give something away. It's very empowering to share your good fortune with others not because you must but because you can ~ and think of the joy you'll create in other people. It's worth a small sacrifice.

rizla01

Hey Postie,

I am the one that you have been waiting to hear from.:)

I have been doing just that. not working. not Scrounging. Living of savings Etc.

OK. Pitfalls. NONE other than guilt because others (Brothers Etc.) Are working hard and I detect a degree of resentment that I am in that fortunate position.
Taxman? No worries until you earn above the threshold with odd jobs here and there.

MAKE SURE that the B/Society pay your interest NET of tax. (Need to fill in a form)

I don't get bored but others might. Fortunately I am the sort of person that FINDS little earners here and there. More for keeping occupied than money. I enjoy it and it's good fun.

I also bought myself a wreck of a house and am good at DIY sio have lots to do with my time.

OH works part time and will soon be retired.

I also had a Pension forecast sent to me and found that I have paid for 32 years and you only need 30 years to receive a full pension so that's OK.
NHS still the same.

Hope that helps. I reckon that there are quite a few like us. I live in a road of pensioners (or nearly) so there are usually people to chat to. 3 chaps round here restore vintage cars so I'm sorted if bored as I love old cars.

Nothing to fear, but be prepared to buy a few things up and resell and see if you can increase the funds a bit.

I did and I am now a millionaire!!








Only kidding!


Seriously though, I have managed to add a couple of grand to a similar amount that you mention.

Anyway. Welcome to the club m8.

downshifted

Me too :-)

I was in a tough, long hours culture job where I earned lots but had little time for me or the family - and I found that with economies I could afford to stop - the house was paid up, we had enough in savings and the pension is sorted. So 2 years ago I stopped - I was 51.

I had a whole year without working - gardening, baking, pottering around seeing friends when I wasn't travelling, which I did as much as possible. It was wonderful. I like reading and spent some time in the local library.

After a year I found the novelty had worn off a bit and as I am the kind of person who puts off things when there are no extraneous pressures, I wasn't feeling as fulfilled as originally. So I started working part time in the local library - it puts some structure in my week, is no where near as pressured (or as well paid!) as what I used to do, and leaves me lots of free time - which I use better now there is a bit of a limit on it. The library is good because there are lots of people about and I get my pick of the books!

Sometimes I feel a bit insecure about money - eg the house and investments are going down in value and I am not adding to them - but deep down I know it will be ok. You will find you will spend more than you think though - in doing things that interest you and because you have the time to spend on leisure

Apparently part timers are more fulfilled and live longer and happier lives than full timers, and it works better for me than not working at all

Good luck - you will find what works for you, I'm glad you have the chance to try

downshifted