Comments on: Can You Retire Early Stuck in the Middle? http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Carnival of Personal Finance #243: Valentine’s Day Edition http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/comment-page-1/#comment-39816 Carnival of Personal Finance #243: Valentine’s Day Edition Tue, 09 Feb 2010 22:25:16 +0000 http://blog.canadian-dream-free-at-45.com/?p=1342#comment-39816 [...] Can you retire early without getting lucky? That’s what Tim from Canadian Dream: Free at 45 wonders. He says that nearly every story he’s heard of early retirement has included an element of luck. But can the average person retire early? Tim ran the numbers and found that if you do everything right, yes it’s possible. But you have to avoid consumer debt, buy a small house, and keep away from lifestyle inflation. Great piece! [...] [...] Can you retire early without getting lucky? That’s what Tim from Canadian Dream: Free at 45 wonders. He says that nearly every story he’s heard of early retirement has included an element of luck. But can the average person retire early? Tim ran the numbers and found that if you do everything right, yes it’s possible. But you have to avoid consumer debt, buy a small house, and keep away from lifestyle inflation. Great piece! [...]

]]> By: Carnival of Personal Finance #243: Valentine’s Day Edition- Financial Eyes & Ears http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/comment-page-1/#comment-39728 Carnival of Personal Finance #243: Valentine’s Day Edition- Financial Eyes & Ears Mon, 08 Feb 2010 12:56:45 +0000 http://blog.canadian-dream-free-at-45.com/?p=1342#comment-39728 [...] Can you retire early without getting lucky? That’s what Tim from Canadian Dream: Free at 45 wonders. He says that nearly every story he’s heard of early retirement has included an element of luck. But can the average person retire early? Tim ran the numbers and found that if you do everything right, yes it’s possible. But you have to avoid consumer debt, buy a small house, and keep away from lifestyle inflation. Great piece! [...] [...] Can you retire early without getting lucky? That’s what Tim from Canadian Dream: Free at 45 wonders. He says that nearly every story he’s heard of early retirement has included an element of luck. But can the average person retire early? Tim ran the numbers and found that if you do everything right, yes it’s possible. But you have to avoid consumer debt, buy a small house, and keep away from lifestyle inflation. Great piece! [...]

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/comment-page-1/#comment-39331 Canadian Dream Fri, 29 Jan 2010 12:50:28 +0000 http://blog.canadian-dream-free-at-45.com/?p=1342#comment-39331 Alex, True - extreme early retirement is always an option, but you have to like living on $6000/year. Hazy - I didn't get that detailed in my analysis, but yes, a car would have to come out of that $24,000/yr after they are 28. So given the situation a used care would be a must. Tim Alex,

True – extreme early retirement is always an option, but you have to like living on $6000/year.

Hazy – I didn’t get that detailed in my analysis, but yes, a car would have to come out of that $24,000/yr after they are 28. So given the situation a used care would be a must.

Tim

]]> By: Hazy http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/comment-page-1/#comment-39304 Hazy Fri, 29 Jan 2010 00:56:31 +0000 http://blog.canadian-dream-free-at-45.com/?p=1342#comment-39304 When you are starting out,there are a lot of other things that need to be bought. Like wouldn't this couple be saddled with a car loan for a few years? Or would that come out of the $24,000? When you are starting out,there are a lot of other things that need to be bought.
Like wouldn’t this couple be saddled with a car loan for a few years?
Or would that come out of the $24,000?

]]> By: Alex http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/comment-page-1/#comment-39291 Alex Thu, 28 Jan 2010 19:22:16 +0000 http://blog.canadian-dream-free-at-45.com/?p=1342#comment-39291 http://earlyretirementextreme.com/2010/01/to-become-financially-independent-at-25.html summary: learn a trade (2 year max of education). make around $30,000. keep your expenses extremely low (<$6000). youd be able to retire in 4-6 years. http://earlyretirementextreme.com/2010/01/to-become-financially-independent-at-25.html

summary:
learn a trade (2 year max of education). make around $30,000. keep your expenses extremely low (<$6000). youd be able to retire in 4-6 years.

]]> By: Canadian Money http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/comment-page-1/#comment-39286 Canadian Money Thu, 28 Jan 2010 16:20:54 +0000 http://blog.canadian-dream-free-at-45.com/?p=1342#comment-39286 opps...sorry for the spelling mistakes. opps…sorry for the spelling mistakes.

]]> By: Canadian Money http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/comment-page-1/#comment-39285 Canadian Money Thu, 28 Jan 2010 16:19:33 +0000 http://blog.canadian-dream-free-at-45.com/?p=1342#comment-39285 Briefly, the stock market charts show the likely completion of the rally off the March lows. And further, that the rally was just "a pause" in a continued bear market rather than a new bull market starting. My analysis does not tell me how low the bear might go but it does warn me that their is the continued potential for this bear market to as severe as the 1929-1932 Bear Market. In the worse case scenario, as occurred after the 1929 bear market, it took the markets about 25 years to recover the entire loss. Devastating to any buy and holders at that time. I wish I had better news. Briefly, the stock market charts show the likely completion of the rally off the March lows. And further, that the rally was just “a pause” in a continued bear market rather than a new bull market starting.

My analysis does not tell me how low the bear might go but it does warn me that their is the continued potential for this bear market to as severe as the 1929-1932 Bear Market.

In the worse case scenario, as occurred after the 1929 bear market, it took the markets about 25 years to recover the entire loss. Devastating to any buy and holders at that time.

I wish I had better news.

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/comment-page-1/#comment-39276 Canadian Dream Thu, 28 Jan 2010 12:11:21 +0000 http://blog.canadian-dream-free-at-45.com/?p=1342#comment-39276 CM, I suppose I didn't think about a good pension as 'luck', but really it is. Off topic - so what signs are you seeing? I know I've been getting a bit nervous about seeing a double dip here. Tim CM,

I suppose I didn’t think about a good pension as ‘luck’, but really it is.

Off topic – so what signs are you seeing? I know I’ve been getting a bit nervous about seeing a double dip here.

Tim

]]> By: Canadian Money http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/comment-page-1/#comment-39262 Canadian Money Thu, 28 Jan 2010 06:37:04 +0000 http://blog.canadian-dream-free-at-45.com/?p=1342#comment-39262 Off Topic For what it is worth...I fully expect the stock markets around the world to go below their March 2009 lows before this bear is over. The next big leg down may just be getting under way. The last time I saw "signals" this important was when I saw the peak of the bull market approaching. Off Topic

For what it is worth…I fully expect the stock markets around the world to go below their March 2009 lows before this bear is over. The next big leg down may just be getting under way.

The last time I saw “signals” this important was when I saw the peak of the bull market approaching.

]]> By: Canadian Money http://blog.canadian-dream-free-at-45.com/2010/01/27/can-you-retire-early-stuck-in-the-middle/comment-page-1/#comment-39261 Canadian Money Thu, 28 Jan 2010 06:34:25 +0000 http://blog.canadian-dream-free-at-45.com/?p=1342#comment-39261 I agree on the luck component. Although I didn't retire until age 55, that age was still early compared to most people. I "lucked" into a job with a good gov't pension plan. If I had only savings in RRSPs I would likely still be working. I agree on the luck component.

Although I didn’t retire until age 55, that age was still early compared to most people. I “lucked” into a job with a good gov’t pension plan. If I had only savings in RRSPs I would likely still be working.

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