Early-retirement wannabe

atush

gadgetmind wrote: »

A chap down at the corner of the crescent we're on is building a 5 car garage in his garden and sticking 4 bed living accommodation above it for guests and staff.

More than they need, for sure, but after you've paid £1.8m for the house (in the grim North) what's another £800k+ to add a few finishing touches?

I cant believe they got planning permission lol

edinburgher

atush wrote: »

Do I need to? No, but I'd like to live part time in my home country after decades abroad, thanks. W/o being judged by those who are a bit stingy.

See, comments like that come across just as badly as comments that suggest you're all a bunch of louche plutocrats sitting around juggling rubies

We've been discussing this thread over on MFW and the consensus is that a range of voices need to be heard (judgement free) because everyones retirement will be very different.

I'm on an average wage and find myself relating to the 'rich guys' because I don't want to live in poverty as an oldster, but also the 'poor guys' because a) they seem to be very content and b) because there but for the grace of God go I!

Goldiegirl

atush wrote: »

I'll be trading in t he 5 bed palace for a 3 bed bungalow, thanks. Still want my wine, restaurants and the odd holiday though. And will run 2 houses, one here and one in t he USA (for the winter months).

Do I need to? No, but I'd like to live part time in my home country after decades abroad, thanks. W/o being judged by those who are a bit stingy.

Who's judging you?


And who are 'those who are a bit stingy'?

Goldiegirl

edinburgher wrote: »

See, comments like that come across just as badly as comments that suggest you're all a bunch of louche plutocrats sitting around juggling rubies

We've been discussing this thread over on MFW and the consensus is that a range of voices need to be heard (judgement free) because everyones retirement will be very different.

I'm on an average wage and find myself relating to the 'rich guys' because I don't want to live in poverty as an oldster, but also the 'poor guys' because a) they seem to be very content and b) because there but for the grace of God go I!

Hear hear :T


There's a lot of people who find this thread quite intimidating.


Working towards early retirement is a dream shared by all sorts of people on all sorts of incomes.


It concerns me that some people on low to average incomes don't feel comfortable in posting on this thread.

uk1

Goldiegirl wrote: »

Hear hear :T

There's a lot of people who find this thread quite intimidating.

Working towards early retirement is a dream shared by all sorts of people on all sorts of incomes.

It concerns me that some people on low to average incomes don't feel comfortable in posting on this thread.

I really hope that no prospective poster ever feels intimidated by unthoughtful and inconsiderate comment. Most people posting and reading hope to learn from others and share what they have learned with others so that we all make progress in achieving what we all personally wish to however different those wishes are. In the end all of us have one aim, and that is to be happy and safe.

Jeff

knightstyle

Well I 'retired' at 50 when made redundant for the third time. We let our UK house and bought a wreck in France, did it up, sold and bought another, did this five times and then retired properly back to UK.
Points to note, before retiring decide where you want to live, some popular spots are full of very old people, is that what you want in your 50s?
Next ignore the bit where people say you have to pay of your mortgage, we have an interest only one, never paid any capital in 25 years and I am now over 70 and as long as we keep paying the interest there are no problems.
Others have given good advice on pensions, I am not an expert so I will just say that we, a couple live very comfortably, run a three year old car etc. on £25k.

Karmacat

uk1 wrote: »

I really hope that no prospective poster ever feels intimidated by unthoughtful and inconsiderate comment. Most people posting and reading hope to learn from others and share what they have learned with others so that we all make progress in achieving what we all personally wish to however different those wishes are. In the end all of us have one aim, and that is to be happy and safe.

Jeff

I haven't felt intimidated, so much as feeling that if I take part, I'd be setting myself up as an Aunt Sally for no purpose. I don't need that in my life, there's enough going on.

I'm retiring in 10.5 weeks and compared to an awful lot of posters on here, I have very little, in fact I'd be looking *upwards* at £10k a year. I do like what you've stressed about being happy and safe, and knowing that not much can derail you.

However, the unexpected (and ignorance of the territory, oh and a bit of Peter Pan syndrome too) has already derailed me. Long term chronic illness, caused by the stress of my work, and the fact I didn't know anything at all about creating investment income - that was Jane Austen territory to me (as in "Mr Darcy has £10,000 a year").

I have to retire now, because frankly my health is permanently at risk if I stay. It's 4.5 years till I can get any pension. If I run out of money at any stage, I can live in a van, rent a studio flat in a cheap part of Spain, or maybe take in trainee aircrew, who rent for 3 months at a time at my "local" airport before flying off to work. Or sell the house and downsize to a flat.

There are other plans, but I'll leave it there for now, and see what the response is.

atush

edinburgher wrote: »

See, comments like that come across just as badly as comments that suggest you're all a bunch of louche plutocrats sitting around juggling rubies

We've been discussing this thread over on MFW and the consensus is that a range of voices need to be heard (judgement free) because everyones retirement will be very different.

I'm on an average wage and find myself relating to the 'rich guys' because I don't want to live in poverty as an oldster, but also the 'poor guys' because a) they seem to be very content and b) because there but for the grace of God go I!

But they were lecturing us on what to do with our own money? I am a but stingy at times too, but I dont insist others do as I do?

I quite like when people have differing opinions.

atush

Goldiegirl wrote: »

Who's judging you?


And who are 'those who are a bit stingy'?

The poster (wont use theiir name) who told us we were wrong to work a few years longer to live a little better. And that 9K should be more than enough.

9K is a little stingy for a pension provision for many.

bigadaj

atush wrote: »

The poster (wont use theiir name) who told us we were wrong to work a few years longer to live a little better. And that 9K should be more than enough.

9K is a little stingy for a pension provision for many.

So ignore them.