Comments on: So You Want to Retire Early? http://blog.canadian-dream-free-at-45.com/2008/06/09/so-you-want-to-retire-early/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2008/06/09/so-you-want-to-retire-early/comment-page-1/#comment-5875 Canadian Dream Mon, 16 Jun 2008 15:08:16 +0000 http://blog.canadian-dream-free-at-45.com/?p=441#comment-5875 Mr. Cheap, Good point. How you deploy your saving matter in the long haul, but it isn't as critical when you first start out. DH, Ouch, not a nice problem to have, but I can somewhat relate. My wife was bulky didn't care for the longest while but still let me play with things as long as our lifestyle didn't change all that much. Now she is into it. What changed? I took off 6 weeks after our last kid was born and she LOVED the help. So I sold her on the idea of me being around more often in early retirement. Selling the idea of early retirement means selling the benefits that would appeal most to your wife. Most people aren't used to delayed gratification so it takes some talking to get the spouse on board sometimes. Best of luck, Tim Mr. Cheap,

Good point. How you deploy your saving matter in the long haul, but it isn’t as critical when you first start out.

DH,

Ouch, not a nice problem to have, but I can somewhat relate. My wife was bulky didn’t care for the longest while but still let me play with things as long as our lifestyle didn’t change all that much. Now she is into it. What changed? I took off 6 weeks after our last kid was born and she LOVED the help. So I sold her on the idea of me being around more often in early retirement.

Selling the idea of early retirement means selling the benefits that would appeal most to your wife. Most people aren’t used to delayed gratification so it takes some talking to get the spouse on board sometimes.

Best of luck,
Tim

]]> By: Mr. Cheap http://blog.canadian-dream-free-at-45.com/2008/06/09/so-you-want-to-retire-early/comment-page-1/#comment-5871 Mr. Cheap Mon, 16 Jun 2008 03:21:20 +0000 http://blog.canadian-dream-free-at-45.com/?p=441#comment-5871 I recently paid $17 for a haircut, so that's something I should try. Like Syd, I tend to minimize the NUMBER of cuts, instead of the price per cut. I'd add "wisely deploy savings" somewhere in there. Saving is DEFINITELY more important, but if your savings are in a checking account, you've got a massive battle against inflation en route and during retirement. (maybe this is part of #4) I recently paid $17 for a haircut, so that’s something I should try. Like Syd, I tend to minimize the NUMBER of cuts, instead of the price per cut.

I’d add “wisely deploy savings” somewhere in there. Saving is DEFINITELY more important, but if your savings are in a checking account, you’ve got a massive battle against inflation en route and during retirement. (maybe this is part of #4)

]]> By: Weekly Dividend Investing Roundup - June 14, 2008 » The Dividend Guy Blog http://blog.canadian-dream-free-at-45.com/2008/06/09/so-you-want-to-retire-early/comment-page-1/#comment-5858 Weekly Dividend Investing Roundup - June 14, 2008 » The Dividend Guy Blog Sat, 14 Jun 2008 13:47:21 +0000 http://blog.canadian-dream-free-at-45.com/?p=441#comment-5858 [...] Crucial steps on how to retire early [...] [...] Crucial steps on how to retire early [...]

]]> By: Derek http://blog.canadian-dream-free-at-45.com/2008/06/09/so-you-want-to-retire-early/comment-page-1/#comment-5853 Derek Sat, 14 Jun 2008 04:59:55 +0000 http://blog.canadian-dream-free-at-45.com/?p=441#comment-5853 I can imagine many things i would do in 'retirement'. I bore friends and family to death with all my saving/investing ideas. While i like the idea of retirement i just like the ability to choose and not be forced into freedom 75! My wife and i struggle with this. She doesn't see much past her nose with her financial plans and savings wasn't in her vocabulary until i showed up. We need to see a money counsellor (investment advisor) to find a happy medium. Anyone else have this spousal problem? DH I can imagine many things i would do in ‘retirement’. I bore friends and family to death with all my saving/investing ideas.

While i like the idea of retirement i just like the ability to choose and not be forced into freedom 75!

My wife and i struggle with this. She doesn’t see much past her nose with her financial plans and savings wasn’t in her vocabulary until i showed up.

We need to see a money counsellor (investment advisor) to find a happy medium. Anyone else have this spousal problem?

DH

]]> By: Retired Syd http://blog.canadian-dream-free-at-45.com/2008/06/09/so-you-want-to-retire-early/comment-page-1/#comment-5834 Retired Syd Thu, 12 Jun 2008 21:30:05 +0000 http://blog.canadian-dream-free-at-45.com/?p=441#comment-5834 I'm with you on the hair cutting thing. I still go fora professional cut every 3 months, but stretched it out from every 6-weeks by cleaning it up a bit between cuts myself (like cutting the bangs out of my eyes!) On another note, I've tagged you with a meme--a 6-word memoir. I think you will be very good at this one. I’m with you on the hair cutting thing. I still go fora professional cut every 3 months, but stretched it out from every 6-weeks by cleaning it up a bit between cuts myself (like cutting the bangs out of my eyes!)

On another note, I’ve tagged you with a meme–a 6-word memoir. I think you will be very good at this one.

]]> By: MoneyEnergy http://blog.canadian-dream-free-at-45.com/2008/06/09/so-you-want-to-retire-early/comment-page-1/#comment-5793 MoneyEnergy Mon, 09 Jun 2008 18:35:21 +0000 http://blog.canadian-dream-free-at-45.com/?p=441#comment-5793 Way to go on cutting your own hair:) Applause. Another way to think about "retirement" is: if that's what one really wants to do (x, y, z) -- then what's stopping one from doing that right now? There's a lot of utopian talk about retirement. It's a box into which we place our biggest desires, hopes, the perfect situation, etc. But I often think: well if that's what I know I want to be doing anyway, why shouldn't I already be doing that now? If my parents spent their whole life planning future travels, and I want to do that, why should I wait? Of course, something called money gets in the way; that's part of the challenge. But for me that's where cashflow comes in. ... just my two cents when I start thinking about this. Way to go on cutting your own hair:) Applause.

Another way to think about “retirement” is: if that’s what one really wants to do (x, y, z) — then what’s stopping one from doing that right now?

There’s a lot of utopian talk about retirement. It’s a box into which we place our biggest desires, hopes, the perfect situation, etc. But I often think: well if that’s what I know I want to be doing anyway, why shouldn’t I already be doing that now? If my parents spent their whole life planning future travels, and I want to do that, why should I wait?

Of course, something called money gets in the way; that’s part of the challenge. But for me that’s where cashflow comes in. … just my two cents when I start thinking about this.

]]> By: Assetologist http://blog.canadian-dream-free-at-45.com/2008/06/09/so-you-want-to-retire-early/comment-page-1/#comment-5792 Assetologist Mon, 09 Jun 2008 18:28:07 +0000 http://blog.canadian-dream-free-at-45.com/?p=441#comment-5792 Nice posts! I completely agree with your 'basic guide' to early retirement and I too am on the path to retire early - maybe?! The only point I would add is, *revisit your dream more often, even daily. It is far too easy to become side-tracked by the gloss of our society. Unless you have the constitution of the Dalai Lama, you may break. I have the utmost respect for those average Canadians who stick to their plan and reap the rewards. Nice posts!
I completely agree with your ‘basic guide’ to early retirement and I too am on the path to retire early – maybe?!

The only point I would add is, *revisit your dream more often, even daily.

It is far too easy to become side-tracked by the gloss of our society. Unless you have the constitution of the Dalai Lama, you may break.

I have the utmost respect for those average Canadians who stick to their plan and reap the rewards.

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