Where would you retire?

[charleville]

Hi Nat

You really should get a copy of How to Retire ...............

http://www.amazon.com/gp/reader/1580...33#reader-link

I fully agree with this. I have three of Ernie J Zelinski's books and they are beauties.

To be honest, I think that his first, "The Joy of Not Working" is better but they all tell a similar story in a very entertaining fashion.

I first started looking at the possibility of an early retirement 12 years ago after reading "Your Money or Your Life" by Joe Dominguez and Vicki Robin. (Not to be confused with the book "Your Money and Your Life by David Koch. This is about understanding the relationship between money and your life's energy and just how much you may be expending your life's energy to keep your work life going and not the other way around. It motivated me so much I re-read it about 80 times. The investment advice in it is now dated but it is the principles in it that matter. There are a few other good books that I could recommend but I certainly agree with Chimo on Ernie's books.

Ernie J Zelinski's books are wonderful and can really remove lots of fears that people may have about retirement.

[charleville]

I find that phrase totally offensive and should be banned from the English language..I should report you to the Mods for even using..it is totally discriminatory against those of us who do not have enough hair to go grey.

Gee - you spend a lot of time on these boards, Greg - even in the middle of the night.

Are you retired?



I know where you are coming from though - I don't have a lot of grey hair either...








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[Chimo]

Hey Charlie

You didn't do that 80 re-reads while you were at work planning to retire did you?

Chimo

[charleville]

Hey Charlie

You didn't do that 80 re-reads while you were at work planning to retire did you?

All in my spare time, Chimo, when I was going through a flat spot in my career about 12 years ago, but it sure inspired me.

That led me to sites like http://www.retireearlyhomepage.com/ which introduced me to the research behind the 4% annual withdrawal rule. (which just happens to coincide with the minimum Allocated Pension rules that apply now but didn't back then.) It also led me down the path of reading everything that I could about achieving financial independence and the real value of money and your life's time. I read dozens of relevant books - one of my favourites being "The Millionaire Next Door" in addition to Ernies and Joe's. Other pop books like Rich Dad Poor Dad found their way in there alongside a lot of other more esoteric books.

I also looked at other factors affecting longevity and quality of life and borrowing a phrase from my doctor that it is not whether you die that is so important it is whether you half die - ie sustain one of life's ills that affect lots of us as we grow older and which can steal a healthly lifestyle from us in retirement - things like strokes, Parkinson's disease etc which can ruin your retirement plans if you leave it too late. I wrote a book on this myself but have never published except to a couple of hundred ex - work colleagues who asked for soft copies. A page with a few relevant sobering graphs is to be found at http://img.skitch.com/20080114-n76ph...ewfixfi5sh.jpg

The Dominguez book developed into a cult around early retirement. Joe, himself retired at 31 and died a few years ago at 61. Google "Your Money or Your Life" or "YMOYL" and see just how many websites pop up.

So after a career that saw me start work at age 15, complete a trade qual whilst doing matric at night school and then an engineering degree and an MBA and a few other odd and sods of quals, I saw the light, saved my pennies and here I am, spending too many hours each day during the inclement weather on Ausfish playing silly buggers with Mod 5.

[mbt]

Yes young fella if you like Woodgate by there asap, by the time you retire it will be had it , but at least you can sell it and have the money to move on to somewhere that hasnt been recked by our southern invaders.

[reelemin1974]

Maybe stay near where you are and do what heaps of retirees do, Buy a caravan and use your home as a base and explore the country, you can go wherever you want then. BTW My vote is definitely Ballina....although now all the fish are dead!!

[Chimo]

Yes Charlie things like Rich Dad Poor Dad and How to Retire Happy Wild and Free etc................ were useful reads about ten yrs ago and they certainly helped to clarify that the wages / salary was there to buy the groceries and make you look worthy of geting into the OPM scene to start making the nestegg grow. Your sites etc do also tell the story.

I hope our young Woodgate lad gets going soon for his sake but I have a feeling he may do better with some property that he can get some rent ffrom rather than a bare block at this stage!

Cheers
Chimo (GOM in front of the AirCon)

[PinHead]

Gee - you spend a lot of time on these boards, Greg - even in the middle of the night.

Are you retired?



I know where you are coming from though - I don't have a lot of grey hair either...








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usually doing some Autocad work..stop and have a read once in a while to ease the boredom.

[Chimo]

If you need evidence

Retire GC, Open Sea to the left, Bush to the right; they call it the Green behind the Gold

Chimo

[Freeeedom]

I've been retired about 4 years now and after lots of careful consideration of all the pros and cons I've decided to stay where I am. This means that the missus is close to the kids and the grandkids, and we also have all the services and entertainment that can only be found in the capital city. But at the same time I can head off camping for a week or more at a time anywhere from Hervey Bay to Iluka and all the places in between. I've fished the salt and the fresh, both land-based and from the boat and I'm loving it. I rarely fish the weekend any more, since I don't have to go to work on Monday (or Tuesday, Wednesday....) and can usually manage 3 or 4 trips a week. I'm still planning that big top end trip in the next year or so, but it's just one of the 1000 things to do before you die. This year I'm thinking of crossing a few more off the list by doing the rugby league grand final, then Bathurst and on to Phillip Island for the MotoGP all in one trip. I might even have time for a bit of fishing in Victoria. That's the great thing about retirement - you can do whatever you like, whenever you like and as often as you like (until your joints tell you its time for a rest). I guess the main thing is to stay active. A lot of people retire from work and then seem to retire from life as well. I can't see the point in that since I believe this life is the only one you get - so I intend to make the most of every minute of it.
Cheers Freeeedom

[charleville]

A lot of people retire from work and then seem to retire from life as well. I can't see the point in that since I believe this life is the only one you get - so I intend to make the most of every minute of it.

Yeah. The conventional wisdom is that people need to retire to something not from something.

[Briannes]

Hi try
Macleay Island, Moreton Bay. fish are great waters no more than 3kms any way, property is still cheap at this point but increasing by the month. moved here 2yrs ago best move ever.

[Poodroo]

For me I would definitely retire on Bribie Island. To me it is perfect because you have every type of fishing imaginable. You can head offshore and get stuck into Marlin, Dolphin Fish, Amberjack, Snapper, Pearl Pearch, and every reefie known to man. If it is too rough out there then you can simply stay in the bay and still catch speedsters like Mackeral, Tuna, Cobia or even still get stuck into the Snapper. Even if the bay is too rough there are nice squire, bream, flathead etc in the Passage. And then if the passage is even too rough if the weather turns cyclonic you can duck into nearby creeks like Bulimbah Creek where you can still chase flathead, Bream, and Mangrove Jack. I have an uncle who has been living there for some time now and there are a few people on here who know him and he has caught all of the above fish and more.

Poodroo

[tunaticer]

If money was no problem it would definitely be the 200 acres of freehold land and houses in the middle of Eurimbula National Park north of 1770. The owners of that plot have had it in thier family since it was granted to their ancestors some 150 yrs ago and will not part with it. I wonder why???
Waterfront with 3 dwellings and fully self contained and with rainforest covering about 80% of thier land and mangroves the rest. Geez it would be a hard hard retirement there.
But seriously tho...................why the hell would anyone want to retire and have to invent things for the rest of thier lives to keep sane. I think I will prolly work by choice until im about 80-85 and too old for the work i do any longer. I would hate to retire to such a beautiful place and learn to hate it through getting bored.

Jack.

[BigE]

what if the tree huggers are right & we all end up in neck deep water & all the fish are gone???? I think i'll join Webby at least in will be dry in hell and there had to be some Big Bad Fish in history , might end up chasing moby dick on those evil softies !!!!!!

BigE