Early-retirement wannabe

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  • Kendall80
    Kendall80 Posts: 965 Forumite
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    gadgetmind wrote: »
    The best time to plant a tree is 10 years ago. The second best time is now.


    Not nine years ago?
  • gfplux
    gfplux Posts: 4,985 Forumite
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    Just my personal experience. Very rough numbers.
    I retired 20 years ago.
    For the first 3 years got up at 7am 60 minutes later than when I worked
    For the next 2 years got up at 7.30
    For the last 14 years got up at 8.30
    For the last year I get up at 8.00

    As not enough hours in the day.
    There will be no Brexit dividend for Britain.
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
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    Kendall80 wrote: »
    Not nine years ago?

    The original saying is "20 years" so there is clearly flexibility. :D
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
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    atush wrote: »
    Sure if your employer agrees, but will they?

    Mine did, with caveats.
    Younger workers can be cheaper.

    But haven't had decades of continuously acquiring valuable new skills.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • westv
    westv Posts: 6,091 Forumite
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    atush wrote: »
    It could depend on the type of work pension too.

    I was assuming DC.
  • edinburgher
    edinburgher Posts: 13,468 Forumite
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    To that end I've recently reduced my hours to 3.5 days a week (mixed office and home) to get a better work/life balance. I made the decision in the full knowledge that the reduction in income will extend my time at work, therefore less of the 'sprint to financial independence' that some people advocate, but it should make that time a lot more enjoyable.

    I'm toying with that idea. Just discovered that I can buy 3 weeks leave, which would give me 8 weeks annually + one day a week out of the office for childcare.
  • uk1
    uk1 Posts: 1,839 Forumite
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    My barber has a good solution to this issue.

    Around 25 odd years ago he was renting an expensive shop and I was constantly grumbling to him that I hated coming into town and sitting in his shop and waiting for a haircut and I wanted him to get in his car and visit me at home. I told him I'd pay more. Eventually he called me and said he'd sold the shop and was starting a mobile service. As he'd lost the overhead of the shop he was going to charge less. All his customers remained with him and he was working six days a week on his own hours and earning more. I encouraged him to charge more as I felt that £10 was too little. I use to give him £15 and even then some of his customers were grumpy and complaining at £10. I encouraged him to put his prices up and encourage those other customers who grumbled that they may be happier "elsewhere". He now charges more and works just three days a week and earns the same. He sees this not changing into his retirement as it gets him out and retains variety. And I'm still getting my haircut.

    Jeff
  • edinburgher
    edinburgher Posts: 13,468 Forumite
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    £15? Are you in the SE Jeff?

    I can pay £10 in Glasgow and that's tipping like a giddy French Monarch! :rotfl:
  • uk1
    uk1 Posts: 1,839 Forumite
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    £5'ish of it is still a tip and yes I am down 'sarf.

    :)

    Jeff
  • edinburgher
    edinburgher Posts: 13,468 Forumite
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    50% tip? You Southern softies are way more generous than we Scots. My 17%ish marks me out as overly generous compared to my fellow hair choppees ;)
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