Comments on: Simple Financial Concepts Helped My Friend Retire Early http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html Living for today - Planning for Tomorrow Fri, 12 Mar 2010 04:00:21 -0800 http://wordpress.org/?v=2.9.1 hourly 1 By: roth ira rates http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html/comment-page-1#comment-188150 roth ira rates Wed, 10 Dec 2008 15:40:25 +0000 http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html#comment-188150 It's terrible that some people feel they have to spend money to have a good time. In my opinion, grilling at the house and playing music is the most fun I can have. And it only costs around $20 for everyone to have fun. It’s terrible that some people feel they have to spend money to have a good time. In my opinion, grilling at the house and playing music is the most fun I can have. And it only costs around $20 for everyone to have fun.

]]> By: Alex http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html/comment-page-1#comment-186488 Alex Sat, 29 Nov 2008 03:33:46 +0000 http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html#comment-186488 The think the truth is to save the 25% of your earning and make it work for you in another place, industry. I retire at 40 and for me has been a the must wonderful thing I accomplish in life, to be with my daughter all the time I want, quality time. I do work some things in my computer during my trips around the world to be updated. If can do it of course you can. The think the truth is to save the 25% of your earning and make it work for you in another place, industry. I retire at 40 and for me has been a the must wonderful thing I accomplish in life, to be with my daughter all the time I want, quality time.
I do work some things in my computer during my trips around the world to be updated.
If can do it of course you can.

]]> By: Hazzard http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html/comment-page-1#comment-153860 Hazzard Fri, 13 Jun 2008 17:03:34 +0000 http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html#comment-153860 Ladyroo, I completely agree. That's why I have the tagline: Living for today - planning for tomorrow It's all about good choices and moderation! And yep, they are both healthy and enjoying their retirement at 50 Ladyroo,
I completely agree. That’s why I have the tagline: Living for today – planning for tomorrow

It’s all about good choices and moderation!

And yep, they are both healthy and enjoying their retirement at 50

]]> By: ladyroo http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html/comment-page-1#comment-153859 ladyroo Fri, 13 Jun 2008 17:00:00 +0000 http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html#comment-153859 That's great, assuming they both are blessed with good health. I knew a doctor and his wife who scrimped and saved all their lives for the traveling they would do in retirement. In the 80s she was still wearing her 50s dresses and hats, afraid to spend a penny. The doctor dropped dead of a massive heart attack one day during his hospital rounds - at age 60. I sometimes wonder what became of the wife and her dreams. My point is that a lifetime of frugality can easily backfire, so I'm trying to balance mine with some current but not extravagant enjoyments. That’s great, assuming they both are blessed with good health. I knew a doctor and his wife who scrimped and saved all their lives for the traveling they would do in retirement. In the 80s she was still wearing her 50s dresses and hats, afraid to spend a penny. The doctor dropped dead of a massive heart attack one day during his hospital rounds – at age 60. I sometimes wonder what became of the wife and her dreams. My point is that a lifetime of frugality can easily backfire, so I’m trying to balance mine with some current but not extravagant enjoyments.

]]> By: Daily Links: Interviews and Investing Edition ∞ Get Rich Slowly http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html/comment-page-1#comment-153730 Daily Links: Interviews and Investing Edition ∞ Get Rich Slowly Fri, 13 Jun 2008 02:41:25 +0000 http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html#comment-153730 [...] a similar note, Hazzard wrote that simple financial concepts helped his friends retire early. “By following some pretty simple concepts of living below their means, watching what they [...] [...] a similar note, Hazzard wrote that simple financial concepts helped his friends retire early. “By following some pretty simple concepts of living below their means, watching what they [...]

]]> By: Hazzard http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html/comment-page-1#comment-153507 Hazzard Wed, 11 Jun 2008 15:47:25 +0000 http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html#comment-153507 If I had to guess, I'd say he probably worked his way up to about $75K per year over his career. After being at the company for over 25 years, I'd bet he started below $15k. I'd consider it an average income. I do know that he paid for his daughter's college and he only had one child. I'm sure that he maximized the 401k at the company that had a 6% match. He also gets a pension from the company, although that is intended to only replace about 40% of his income in retirement. I'm sure he had a significant penalty retiring early. If I had to guess, I’d say he probably worked his way up to about $75K per year over his career. After being at the company for over 25 years, I’d bet he started below $15k. I’d consider it an average income. I do know that he paid for his daughter’s college and he only had one child. I’m sure that he maximized the 401k at the company that had a 6% match. He also gets a pension from the company, although that is intended to only replace about 40% of his income in retirement. I’m sure he had a significant penalty retiring early.

]]> By: money_wise http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html/comment-page-1#comment-153506 money_wise Wed, 11 Jun 2008 15:43:29 +0000 http://www.everybodylovesyourmoney.com/2008/06/10/simple-financial-concepts-helped-my-friend-retire-early.html#comment-153506 These are great principles to follow to live a a fulfilled life. I guess you probably don't know that, but I wonder what Jack was making annually and how much he was able to put away and what tools did he use to be able to retire at such a young age? Did he use a Roth IRA or a combination roth/401K. Did he have to save to send his kids to college? It would be interesting to see how difficult or easy it was for him and his wife to accomplish this feat! These are great principles to follow to live a a fulfilled life. I guess you probably don’t know that, but I wonder what Jack was making annually and how much he was able to put away and what tools did he use to be able to retire at such a young age? Did he use a Roth IRA or a combination roth/401K. Did he have to save to send his kids to college? It would be interesting to see how difficult or easy it was for him and his wife to accomplish this feat!

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