Family & Relationships What will you do when you retire?

[Eagle Empire]

Reside in the south of France and ride a very expensive pushbike.

 

[Partridge]

I want to grow old extremely ungracefully, and morph into a combination of three shining examples:

1. The Major from Fawlty Towers.
2. Uncle Junior from The Sopranos.
3. Clint Eastwood in Gran Torino.

 

[Stratton_Gun]

When you're young : Time, Health but no Money
When you're middle aged: Health, Money but no Time
When you're old: Money, Time but no Health

Can't win

 

[Black Diamond]

I can honestly see myself working deep into my seventies. It's just the type of person I am.

By that point I'd have enough is super to blow a huge chunk on a Ferrari.

 

[Miqar_Baqfhied]

"Ive got a quaint little French chateu in a place called Verdaflore, where I'm going to sitback and relax. Ive named it Chateau Verdaflore" Richie Benaud in Billy Birmingham's 12th Man.

 

[kekeo]

I'd like to have my own cafe.

 

[morri]

Why wait until retirement to do fun things? Do them in your holiday or take a sabbatical. You never know whether you will live to see your retirement.
In any case I don't feel like looking that far into the future.

 

[Ess_don]

Sign up for Community college and join a cool/diverse study group to hang with..

 

[bunsen burner]

i'll never understand why people work hard through their 20's and 30's with the view of "enjoying retirement"... i've seen people retired, whilst most are enjoying it, they certainly aren't enjoying it to the extent one can through their 20's.... they seem more content and happy with things, but are definately "going through the motions" to a certain extent.

This is naive.

Old people just have different interests. Old people are slower but that doesn't mean they aren't enjoying things.

Imagine you have 2 choices:

1. Live it up when you're young. Spend all your money buying the best clothes, hitting the b-grade celeb club circuit every week, driving a nice car, essentially being a hot young thing. Prolly have some mad tatts too. But when you hit 60 you're on the pension

2. Work hard for a career and in your 30s realise that being cool, wearing the best clothes, etc etc has no real substance, is superficial, and no really cares except shallow people, and then get your head down with path to a decent retirement. Hit 60 and retire on $100k per year for the rest of your time.

Realistically the answer for most is inbetween, but to simplify if you had only those two choice then number 2 every single time. I don't want to be ****ing around on a pension for 30 years.

I've heard this stuff for 25 years and it's crap. I also hear the "money isn't everything" excuse a lot for people who want to justify their incessant consumerism. They make out if you're on a track to finnacial security you're shallow and all about keeping up with the Joneses and having pissing competitions over who has the most expensive toys.

The cold hard truth is that money is important. Very important. And anyone who tells themselves it's not is deluding themselves. On one hand they claim it's not important but on the other they play lotto, or pokies, or wish they had money to buy a better car, or go to Bali. It's just a cop out excuse for people to justify to themselves their incompetence or laziness.

Money buys more choice. The choice to live in a nice neighborhood where you kids can grow up in a good environment, or the choice to go on holiday every year, or the choice to live in a nice house, etc etc.

my 20's have been have been my retirement. whilst i have **** all in tangible assets to show for it now, the ****load of memories, 2 separate year long overseas trips, a 3 month trip, a completely lack of responsibility (to an extent), and at least 2 more years of travel in me, i'm pretty comfortable with the way things have gone.

i'm glad you enjoyed your 20s (I did too) but don't kid yourself that these memories will get you by. Sooner or later you will have to get serious. Think back to your teenage years. Do you really care?

if that means working a few years extra at the end then so be it... but if all goes to plan, i just might end up retiring before all those people who have been telling me "what are you doing with yourself?".... **** that would be the sweetest.

Good luck but I'll give you two tips:

1. Don't worry about what others think
2. If you do hit the jackpot, be happy with it. No need to shove it up people.

the look on the **** sucking faces would be priceless. and even if it doesn't happen that way, i can handle a few extra years in front of a computer. it's not like it's going to be additional years grinding out a trade or something like that, which i can understand people not wanting to do well into their 60's....

The actual time you spend ****ing around in your 20s doesn't really matter that much if you haul arse in your 30s. But again, enjoy your 20s but don't think you can hang your hat on fun times forever.

 

[bunsen burner]

Stressing about a mortgage is for the baby boomers, our generation doesn't have cheap real estate so no point in doing the same.

Typical Gen Y.

I'm no Baby Boomer but the more things change the more they stay the same. Let me explain to you the facts of life:

Baby Boomers:

- Real Estate compared to wages was much cheaper
- But they all got married and had kids at 23
- That's single income with kids
- They also didn't buy houses until their 30s
- They also had to move to shitty areas and bust arse to pay the mortgage
- And they didn't have the same advancement in lending products

Swings and roundabouts. It's pretty much the same shit. In fact, I'd almost say you have it easier. My parents (baby boomers) had to make major sacrifices to buy and pay off their home. More than I ever did.

The standard of living you and I have is ****ing mental. We have it pretty good.

Some more facts of life:

Buying a home probably won't appeal to you until your early to mid 30s. Why? Because in your 20s it's all about socialisin gand status and being cool. In your 30s you partner up and start seeing the big picture. Do I want to be renting and end up on the pension? Or do I want to be comfortable and jump on the financial treadmill?

In your 30s you see shit. You all of a sudden twig about money and notice what the middle classes and above do and if you're half ambitious you jump on the treadmill. Moving towards a comfortable financial existence becomes important.

 

[The Passenger]

Imagine you have 2 choices:

1. Live it up when you're young. Spend all your money buying the best clothes, hitting the b-grade celeb club circuit every week, driving a nice car, essentially being a hot young thing. Prolly have some mad tatts too. But when you hit 60 you're on the pension

2. Work hard for a career and in your 30s realise that being cool, wearing the best clothes, etc etc has no real substance, is superficial, and no really cares except shallow people, and then get your head down with path to a decent retirement. Hit 60 and retire on $100k per year for the rest of your time.

Realistically the answer for most is inbetween, but to simplify if you had only those two choice then number 2 every single time. I don't want to be ****ing around on a pension for 30 years.

i'd take 1. even though i don't like exactly the way you described it at all - i spend **** all clothes, i can't stand that 'in' crowd, i barely drive and it''s a shitbox anyway, and tat's are ****ing ******ed.

but the general premise of what you're saying is what i would choose every time. youth is there to be taken, to have fun, to enjoy, not to take things seriously. to do what you want, when you want, how you want. it's nothing to do with the best clothes or consumerism. i'd get by on less than $100 a week plus rent if it weren't for boozing.... i really don't understand what people spend money on. people that spend money for the sake of spending money to impress other people deserve all the shit they put themselves through.

"people working jobs they can't stand, to spend money they don't have, on things they don't want, to impress people they don't like" - i know a lot of those people

the biggest problem for young people ****ing all this shit up is credit card debt. fortunately i've not fallen into that death trap.

 

[The Dice Man]

Really don't care, I'll be dead. Meanwhile I'll continue my days in the south of France.

Quit my job in may, moved here with an amazing beautiful woman 16 years younger than me. I live where Picasso lived and Jesus Christ is buried nearby.

60+? Who gives a ****? The time is now!

 

[scottjr]

Building a home in Thailand....but don't know that I will ever actually retire...but I can see me working 6 months in Australia and just hanging out in Thailand with GF for 6 months until the end of time...

 

[bunsen burner]

but the general premise of what you're saying is what i would choose every time.

That's a teenage "I know best" attitude.

Remember you were a teenager and you thought stupid shit because of lack of experience and foresight? Well, you're doing it now.

 

[bunsen burner]

Really don't care, I'll be dead. Meanwhile I'll continue my days in the south of France.

Quit my job in may, moved here with an amazing beautiful woman 16 years younger than me. I live where Picasso lived and Jesus Christ is buried nearby.

60+? Who gives a ****? The time is now!

Good work for someone whose not even 30........

<jokes>

 

[Partridge]

Really don't care, I'll be dead. Meanwhile I'll continue my days in the south of France.

Quit my job in may, moved here with an amazing beautiful woman 16 years younger than me. I live where Picasso lived and Jesus Christ is buried nearby.

60+? Who gives a ****? The time is now!

That's the way to live. I tip my hat sir.

I'll give you another one - Exile on Main Street was recorded in Keith Richards' basement at Villefranche-sur-Mer. I'm presuming that's not too far away?

 

[Miqar_Baqfhied]

Building a home in Thailand....but don't know that I will ever actually retire...but I can see me working 6 months in Australia and just hanging out in Thailand with GF for 6 months until the end of time...

Dear lord I hope your not one of those seedy FIFO blokes with a thai GF 30 years younger that they swap every 3 years

 

[scottjr]

Dear lord I hope your not one of those seedy FIFO blokes with a thai GF 30 years younger that they swap every 3 years

5 years with this one and 13 years differance (Me 50 she 37)maybe a bit seedy but basically a nice guy with a great girlfriend

 

[The Dice Man]

That's the way to live. I tip my hat sir.

I'll give you another one - Exile on Main Street was recorded in Keith Richards' basement at Villefranche-sur-Mer. I'm presuming that's not too far away?

30kms away, beautiful spot too right next to Saint-Jean-Cap-Ferrat. Read a book about that record last year. Had forgotten it till you mentioned it. At that stage I would have said your crazy if someone told me I'd be living there in a year.

You just never know what's around the corner, good or bad

 

[Partridge]

30kms away, beautiful spot too right next to Saint-Jean-Cap-Ferrat. Read a book about that record last year. Had forgotten it till you mentioned it. At that stage I would have said your crazy if someone told me I'd be living there in a year.

You just never know what's around the corner, good or bad

With reluctance I don't think my wife would fancy moving somewhere where she doesn't speak the language. I could handle it easily. Instead of weekends away being in Lorne they'd be in Rome or Berlin or Barcelona. Suspect I could adjust to that lifestyle.

 

[The Dice Man]

Yeah it's pretty cool. Tomorrow were going to Italy via Monaco, just for the day and to buy cheap tobacco and food. Language isn't a huge problem, but I live with a French woman so any problems and I refer to her.

 

[The Sultan]

Why wait until you retire if u want to do it then make it happen, the missus and I talked about doing Aust via caravan when we retired but then thought why wait so two year later we are four months into our caravan trip with our three kids, we took them out of school etc. currently I am in Exmouth WA its prob in the low 30's nice cool Breeze sitting under a tree whilst them kids play in the playground some other kids they just met. Not sure when well get home prob around Christmas maybe earlier maybe later just sort of winging it having the time of our lives.