Who is going to retire young

Discussion in 'Financial Independence, Retire Early (FIRE)' started by MTR, 30th Aug, 2019.

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  1. MTR

    MTR Material Girl Premium Member

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    .... so what’s young??? Lets say 40

    And how..... or you are well on your way to retire at 40..... lets have fun.... you have the glass half full
     
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  2. datto

    datto Well-Known Member

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    The funny thing is that most bogans retire young. And they do it effortlessly.

    It usually goes like this; kicked out of school, onto youth allowance, Newstart, the clever ones get onto Disability or Carers and finally Old Age pension (if they last that long). Of course there will be a few stints in a correctional facility or three.

    In effect these lucky buggers have "retired" the moment they got kicked out of school. Forget forty, try fourteen.

    Their life may not be "la dolce vita" but it is a life nonetheless. Sleep in, a bit of shop lifting, hustle, hanging out, hanging out, get to bed late. Rinse and repeat.

    No worry about the hassles of work or fluctuating markets or outdoing your peers. Theyre at the bottom and proud to be there .

    Everything just falls into place for your average bogan.
     
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  3. sash

    sash Well-Known Member

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    Mate youse are considered a loser in Bogan terms if youse have not sorted out your Disability pension by the time youse are 25...whats up with youse Daz.....did you fall far from the coconut tree??
     
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  4. datto

    datto Well-Known Member

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    Sash. Where ya been? I thought you abandoned me. Fancy meeting you here on a thread about retired bogans.

    You're right though, a bogan should have their Centrelink "career" sorted by age 25. But some are a bit slow lol.

    But isn't it amazing how these critters flourish in a well developed nation like Australia. Social benefits is like throwing hot chips at the beach. After those nuisance birds take their feed, they drop one on you.
     
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  5. Perthguy

    Perthguy Well-Known Member

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    I'm not. First because it's too late :)

    But mostly because I am having way too much fun.
     
  6. Archaon

    Archaon Well-Known Member

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    Planning to at 45, will see how i go, currently 31.
     
  7. Marg4000

    Marg4000 Well-Known Member

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    What’s so great about retiring young?

    Get a job you love and you will be happy to keep going. Then again, I was lucky enough to work because I wanted to, not because we needed the money.

    I worked part time in a big high school library, school hours with holidays off. Absolutely loved it. Teacher aide so no teaching stress. Gradually cut my hours from 4 days a week, to 3 days then to 2 days. Didn’t really want to retire but decided at 65 it was time to make way for a younger person.
     
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  8. kierank

    kierank Well-Known Member

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    Too late to me. I retired at 55, mainly for tax reasons (small business concessions) :D.

    At 40, I was still “running around in nappies” :eek:.

    By 55, at least I was “toilet trained” ;).
     
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  9. TMNT

    TMNT Well-Known Member

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    when I was 20, I wanted to be retired by 30
    when I was 25, 35 retirement
    when I was 30, 40 retirement
    when I was 40, 50 retirement

    Ive just given up! :D
     
  10. TSK

    TSK Well-Known Member

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    nope. will have clients/customers of some sort until retirement 60.
     
  11. Morgs

    Morgs Well-Known Member Business Member

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    What does retire mean?
     
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  12. Terry_w

    Terry_w Well-Known Member Business Member

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    I never want to retire. I can't imagine getting up in the morning and not writing articles about Bart and Homer.
     
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  13. Sackie

    Sackie Well-Known Member

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    I don't plan to ever fully retire as I enjoy business, but I achieved financial freedom at around 34. Achieved this through many renovations, residential RE in two countries, commercial real estate and businesses overseas and developments in Australia.
     
    Last edited: 31st Aug, 2019
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  14. KinG3o0o

    KinG3o0o Well-Known Member

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    i am 32, yet to work, is that considered retirement?

    not because my work is my passion so its not considered work.

    because i have inheritance
     
  15. TMNT

    TMNT Well-Known Member

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    Can you adopt me?
     
  16. Terry_w

    Terry_w Well-Known Member Business Member

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    What do you do with your time?
     
  17. skater

    skater Capitalist -- www.skatepro.com.au

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    I retired Hubby a few years ago now. He's so damn busy, he complains when I want to reno properties.
     
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  18. Lizzie

    Lizzie Well-Known Member

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    Technically retired at 32 ... but have never not been busy.

    Two businesses - reno's (lots and lots of reno's) - volunteer board duties - further studies - raising two families

    Hubby is slated (in our books) for retirement next year and we're both a bit apprehensive
     
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  19. Bunbury

    Bunbury Well-Known Member

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    I'm not retired yet but I've been semi retired working 3 days per week since I was 36. I try to intersperse this with mini-retirements as frequently as practicable too. I took off 7 months this year and will take an extended period of leave next year as well. The plan is to cease working this way at the end of next year when I'll take indefinite leave and keep the door open to return to work if I feel like it. However there are unlimited contracting and casual opportunities that will provide supplemental income and engagement whilst also providing a very high degree of flexibility. For me FIRE is about freedom and control over my time and I think people get a little hung up on the retirement part.
     
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  20. Terry_w

    Terry_w Well-Known Member Business Member

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    This sounds like it is better than a fully fledged retirement.
     
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