Totally get it. I retired at 56 working in computer security. 2 days after retirement moved to Australia and got a degree in oenology and viticulture and worked a couple years in CA making wine and working in vineyards. Now it’s learning German, living in Austria and hanging with the new grandkid. I don’t have as much money as you, but enough to now do what I want with financial independence. Follow your dream - and keeping writing those books. 😀
From Jay Kristoff brilliant Empire of the Vampire trilogy :
“ "You mortals fascinate me," the vampire breathed, shaking his head. "Your lives burn like candles in a storm, one moment ablaze, the next..." Jean-François blew a puff of breath, as if to extinguish a flame. "Had I but a handful of years ahead, I would guard each one like a dragon his gold. And yet, most of you fools act as if wed to your grave."
I REALLY hope you semi-retire when your house is paid off and get to that music producing! You mentioned in your newsletter your goal is a few years to have that paid off… That to me is the cutoff… but we are all different.
You are unlikely to die soon after you retire because you are not retiring as you will be producing music, writing books, your newsletter (renamed to the Tri-weekly Dirtnap-3 times a week). When you hear stories of people dying soon after retirement it’s because of lack of purpose more than anything and you show, you will have purpose!
I hope you get back to your early 40’s work ethic but instead of long lunches it’s long recording of music or writing that next book.
Ask yourself what you would have to give up to get there… and do you want to? And as far as trading for the next 15 years, just get it to the Awesome Portfolio and be done with it. No one is going to remember your best trade (whether it’s the crash of Private Equity or your large gold position), but they might remember the music you produce in your mid to late 50’s!
You live with passion… just choose the passions you want to pursue as tomorrow is not guaranteed!
"These days, when I get sick, I feel closer to death."
Boy ain't that the truth. When I was young I would work when I had a cold and it didn't slow me down a bit. Now when I get a cold I feel like it's going to go into some kind of lung infection and kill me. The only good thing I've got going for me is I don't get very many colds anymore.
What a dilemma you have there, Jared! If it's any help, I find that as I get older, I am less attached to material stuff and more interested in the experiential. I think it's because ultimately I'm going to lose all of the material stuff when the time comes.
Fellow GenX, take a walk 15-30 minutes a day and add 5-10 to the back end. Give your doctor $15-20k for a full work up heart to head and toes to address any issues preemptively. LFG.
an observation , you write, "How many stories have you heard of people who retired after long, productive careers and were dead just weeks after they quit? " I would contend it was the act of retirement that killed these people. Joe Paterno is the perfect example, although, alas, my mother was one too. they put all they had into their job, loving it and living it, and when they retired, they had nothing else to liver for.
If you love what you are doing, never stop doing it
What killed Joe Paterno was the stress of the knowledge of making a huge mistake with his knowledge of Sandusky and doing nothing about it! It killed not only him but his legacy. It’s a shame as I really liked him!
Nick Saban retired and is I believe having fun being a commentator and a VRBO spokesman.
Jared, I have bad news for you: when you’re good at several different things, there will never be enough time. But the alternative (being good at nothing) is much worse…
Selfish me doesn't want you to retire any time soon because if you do I'll make less money. I'm too old to spend my time trying to figuring out what's going to make money in the next 10 years. I leave that to you. I'm 77, damn right there's not enough time!
I must have been some kind of freak because I was worrying about death even as a teenager. I was afraid I would not take chances and miss out, which led to lots of adventures. I am still having adventures, I probably will until the end like my mom. She was flying along the week before she died and was extremely ill, but just did not stop.
None of us are guaranteed another day. Let that sink in for a moment. So if you have the means to retire now and pursue all the things you want to do, then do it. You don't need another house (though maybe all your "hobbies" will actually get you one :)); what you need is fulfillment.
I don't regret quitting the investment industry and turning down a job as a copywriter in the Catholic publishing field. I decided I don't want to write what other people tell me to write anymore. My writing is all mine now, and I do some gigs on the side for a tiny paycheck, and fill the rest of my time with painting and gardening (badly) and taking naps whenever I feel like it. Less money, but much time, and it's the best feeling in the world.
This is why I've been harping on early retirement to my husband the last couple years. But also, I think there can be some middle ground in our 50s (we're 52/53 now). Working hard another couple years and then stepping back for a couple years before we fully embrace the next chapter. The upside is that we both work in careers that are in demand and can work as much or as little as we want. The hard part will be telling people "no" as we step back.
I had a lot of risk on Friday and at 3:30 took 80% of it off. Shit . I sold because the for two days the markets faded at the end of the day . But I didn’t short ( thankfully) …. unless this peace deal is a “sell the news “ event I will miss a gap open when oil drops 20.00 bbl.
I really could use some trading help at 70 for my retirement. I suck.
You may have a bad Monday, but in all honesty I think this is April 7th part 2. When you make mistakes trading, write them down, your emotions too as to why you kept them on etc. Little things like that have helped me in my investing / trading.
Totally get it. I retired at 56 working in computer security. 2 days after retirement moved to Australia and got a degree in oenology and viticulture and worked a couple years in CA making wine and working in vineyards. Now it’s learning German, living in Austria and hanging with the new grandkid. I don’t have as much money as you, but enough to now do what I want with financial independence. Follow your dream - and keeping writing those books. 😀
From Jay Kristoff brilliant Empire of the Vampire trilogy :
“ "You mortals fascinate me," the vampire breathed, shaking his head. "Your lives burn like candles in a storm, one moment ablaze, the next..." Jean-François blew a puff of breath, as if to extinguish a flame. "Had I but a handful of years ahead, I would guard each one like a dragon his gold. And yet, most of you fools act as if wed to your grave."
I REALLY hope you semi-retire when your house is paid off and get to that music producing! You mentioned in your newsletter your goal is a few years to have that paid off… That to me is the cutoff… but we are all different.
You are unlikely to die soon after you retire because you are not retiring as you will be producing music, writing books, your newsletter (renamed to the Tri-weekly Dirtnap-3 times a week). When you hear stories of people dying soon after retirement it’s because of lack of purpose more than anything and you show, you will have purpose!
I hope you get back to your early 40’s work ethic but instead of long lunches it’s long recording of music or writing that next book.
Ask yourself what you would have to give up to get there… and do you want to? And as far as trading for the next 15 years, just get it to the Awesome Portfolio and be done with it. No one is going to remember your best trade (whether it’s the crash of Private Equity or your large gold position), but they might remember the music you produce in your mid to late 50’s!
You live with passion… just choose the passions you want to pursue as tomorrow is not guaranteed!
"These days, when I get sick, I feel closer to death."
Boy ain't that the truth. When I was young I would work when I had a cold and it didn't slow me down a bit. Now when I get a cold I feel like it's going to go into some kind of lung infection and kill me. The only good thing I've got going for me is I don't get very many colds anymore.
What a dilemma you have there, Jared! If it's any help, I find that as I get older, I am less attached to material stuff and more interested in the experiential. I think it's because ultimately I'm going to lose all of the material stuff when the time comes.
Fellow GenX, take a walk 15-30 minutes a day and add 5-10 to the back end. Give your doctor $15-20k for a full work up heart to head and toes to address any issues preemptively. LFG.
an observation , you write, "How many stories have you heard of people who retired after long, productive careers and were dead just weeks after they quit? " I would contend it was the act of retirement that killed these people. Joe Paterno is the perfect example, although, alas, my mother was one too. they put all they had into their job, loving it and living it, and when they retired, they had nothing else to liver for.
If you love what you are doing, never stop doing it
What killed Joe Paterno was the stress of the knowledge of making a huge mistake with his knowledge of Sandusky and doing nothing about it! It killed not only him but his legacy. It’s a shame as I really liked him!
Nick Saban retired and is I believe having fun being a commentator and a VRBO spokesman.
Jared, I have bad news for you: when you’re good at several different things, there will never be enough time. But the alternative (being good at nothing) is much worse…
Selfish me doesn't want you to retire any time soon because if you do I'll make less money. I'm too old to spend my time trying to figuring out what's going to make money in the next 10 years. I leave that to you. I'm 77, damn right there's not enough time!
I must have been some kind of freak because I was worrying about death even as a teenager. I was afraid I would not take chances and miss out, which led to lots of adventures. I am still having adventures, I probably will until the end like my mom. She was flying along the week before she died and was extremely ill, but just did not stop.
If reading books is a waste of time then why isn't writing books a waste of time?
None of us are guaranteed another day. Let that sink in for a moment. So if you have the means to retire now and pursue all the things you want to do, then do it. You don't need another house (though maybe all your "hobbies" will actually get you one :)); what you need is fulfillment.
I don't regret quitting the investment industry and turning down a job as a copywriter in the Catholic publishing field. I decided I don't want to write what other people tell me to write anymore. My writing is all mine now, and I do some gigs on the side for a tiny paycheck, and fill the rest of my time with painting and gardening (badly) and taking naps whenever I feel like it. Less money, but much time, and it's the best feeling in the world.
Sucks I'm missing the Nashville gig, will be out of town : > /
This is why I've been harping on early retirement to my husband the last couple years. But also, I think there can be some middle ground in our 50s (we're 52/53 now). Working hard another couple years and then stepping back for a couple years before we fully embrace the next chapter. The upside is that we both work in careers that are in demand and can work as much or as little as we want. The hard part will be telling people "no" as we step back.
I had a lot of risk on Friday and at 3:30 took 80% of it off. Shit . I sold because the for two days the markets faded at the end of the day . But I didn’t short ( thankfully) …. unless this peace deal is a “sell the news “ event I will miss a gap open when oil drops 20.00 bbl.
I really could use some trading help at 70 for my retirement. I suck.
You may have a bad Monday, but in all honesty I think this is April 7th part 2. When you make mistakes trading, write them down, your emotions too as to why you kept them on etc. Little things like that have helped me in my investing / trading.