(Topic ID: 286379)

Retirement! Hacks, tips and insights to get there faster.

By DadofTwins

3 years ago


Topic Heartbeat

Topic Stats

  • 971 posts
  • 158 Pinsiders participating
  • Latest reply 3 months ago by Zambonilli
  • Topic is favorited by 121 Pinsiders

You

Topic poll

“At what age do you plan on retiring?”

  • 45-55 96 votes
    30%
  • 56-65 169 votes
    53%
  • 65 and over..... 53 votes
    17%

(318 votes)

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#128 3 years ago

This is a very interesting thread.

I agree that a person should obtain as much knowledge about finances as possible. My humble recommendation would be to find a money philosophy that you understand and believe in and then plow ahead with that plan. I read a ton of books in my mid to late twenties regarding how to retire early or how to become a millionaire and I think you guys have cover almost all of the key concepts. And as some have mentioned, real estate is not their cup of tea. Books like the "Rich Dad" series, Millionaire Next Door, all contributed to my views on money - how to make it and how to spend it. But perhaps the most influential book for me was 'Die Broke'. It's philosophy on wealth accumulation and retirement really resonated with me. And it's one that I have followed to some moderate success. The book attempts to convey 4 premises 1) Quit Today, 2)Pay Cash, 3) Don't Retire, 4) Die Broke. To quote Stephen Covey "begin with the end in mind". lol

#172 3 years ago
Quoted from Jaeg:

I have a great financial planner. One of our first meetings he asks about retirement and end of life goals such a preservation of capital, inheritance, legacy, charity etc... My single goal is to bounce the check to the undertaker.

You must have read my "Die Broke" book.

2 years later
#958 4 months ago
Quoted from Nevus:

If you switch to Geico while staying at a Holiday Inn Express, E. F. Hutton listens to you.

Don't forget about having a V-8!

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