How Long Will it take to RETIRE on SHARES

Reading these posts I can only imagine what ppl are going to spend 150k a year if that's the income they want or seek!

I would be happy with 80k per year with no debt!

 

I can easily spend that difference on school fees & holidays! We need $175k net pa (no debt) to keep us as we are accustomed! Not a "mustachian" household

 

175k net pa do you live in New York?! Lol!

 

It's hard to take a step backwards in lifestyle! We were talking about our budgets soon after entering the workforce and can't work out how we lived on it.

As long as someone is able and willing to spend a certain amount then there will be someone offering services and things to spend it all on.

 

Close....Sydney! (annual travel budget c.$40k).

 

.... and some happy with $50K, a forum member decided to give away the day job, and happy living off around $50K. Good on them if they can do this and happy with their lifestyle why no, all to their own.
I need far more than this, but I have needy children

 

Hey brother you're a very greedy man. We can only afford the pensioners night out two for one roast meals at the local pub on a Monday night. Did that last night in fact.

 

What about Ikea, they do some cheapie meals

 

Sh$t hit the fan for all Property and share market crashed

 

That's where we used to go for a decent meal when living in Prague.

 

2 for 1 but you attended solo most likely!

 

No unfortunately. The serve was so small I asked them if they accidentally gave me a kid's meal? Apparently not. My wife gave me half her meal to stop me whinging.

 

Enough to feed a village for a year

 

Not this one...

Sydney University Village – Newtown | My Student Village

 

For sure!! 2 minute noodles are only $1/packet!

$372/week for a 2 br unit or $398 for a studio - ouch...

 

Our chickens have very expensive tastes. @Il Falco's amount is a good starting figure.

 

And all sold out! Loads of demand... good for me...

 

I very much agree.

I feel very fortunate to have come from a frugal family that valued spending money on things like education, freedom, health, travel, instead of luxury items or comparing with their neighbours.

By education costs I mean more university. For school, my family went to co-ed public schools. I believe I came out far more well adjusted compared to certain friends of mine at single sex schools. And luckily had a good work ethic, so all finished at the very top, and could pick whatever course desired. University is a different kettle of fish, in terms of fees etc.

Even things like travelling have never needed to be too expensive. In fact, the more I travel, the more I realise that even the lower end of wages in Australia is comparatively very high.

The real value of money for me so far, has been freedom. I sometimes think - what would I spend a high annual salary of dividends on? My gut answer has been - "Oooooh i can travel anywhere in the world and do whatever I want!". But the funny thing is, even though I am nowhere near that high annual salary, I pretty much already can do that. The vast majority of the rest of the world is cheap, compared to Australia.

I guess it's different having no kids and approaching 30, rather than having a family. Even so, I don't see myself developing expensive tastes anytime soon. It certainly hasn't happened to my parents. My parents are pretty wealthy these days, and I tell them they should just go travelling. They respond that they already go travelling when they want, do everything they desire to whilst abroad, but just don't seem to end up spending vast amounts of money doing it.

I think people like that embody the findings on money and happiness - once you're making enough for your own personal needs and your own meaningful life goals (whatever they are), every extra dollar moves the dial very, very little.

 

Great post!

We truly are extremely lucky here in Australia! Having travelled around Europe and south east Asia it puts life in perspective on how lucky we are here and that huge incomes are not completely necessary!

I think we are all seeking the happiness a certain income will bring!

One life enjoy it and live it!

 

Don't get me wrong, if I was wage slaving I'd be cutting the arse out of our expenses and could make a case for running a household on $80k passive or less!