GoFuckYourself.com - Adult Webmaster Forum - View Single Post - How much time/money do you need to retire?

L0stMind · 09-17-2002, 01:57 AM

Well, lets clarify my point.

I have some small debts I acquired thru university education and starting a business and in our first year of operations I decided that taking only a minor salary and re investing the excess $$ into the company was a better plan then just draining the company accounts and so I have some small debts from this (LOC, MC)...

These are relatively minor debts and not a big worry for me.

My business is having an absolutely fantastic year and I expect it to continue. But while I have long term goals for growth, it requires more month to month thinking then year to year thinking.

But enough about the business.. this is about retirement.

Reason why I dont plan for retirement is due to the fact that the world changes too much. Cost of living, value of the money you hold in your hand today is not the same as tomorrow, governments change, people change, my wants and needs change. etc.

So, I rather plan for one month ahead right now. I have lotsa long term goals but I havent planned them out. I definitely havent planned out reitrement, although I dream about having a couple places I own in several countries so I can be old and travel and relax.

But actually plan personally for the long term? hell no. I am 25, who knows when I will honestly want to stop working? How on earth am I supposed to plan out my retirement now, when I am not sure what the hell I want from retirement?

I rather focus on the NOW and make as much $$ as I can and when I am happy with my bank account balance then I will stop. I haven't figured out what that balance will be tho.

Any young people planning for retirement are getting a little ahead of themselves. Unless you were born and knew what you wanted to do or you are a really boring individual, you are most likely gonna change and that could royally fuck up your planning.

Spend less time planning and more time actually doing....

09-17-2002, 01:57 AM
L0stMind Confirmed User Join Date: Sep 2002 Location: Vancity Posts: 1,681	Well, lets clarify my point. I have some small debts I acquired thru university education and starting a business and in our first year of operations I decided that taking only a minor salary and re investing the excess $$ into the company was a better plan then just draining the company accounts and so I have some small debts from this (LOC, MC)... These are relatively minor debts and not a big worry for me. My business is having an absolutely fantastic year and I expect it to continue. But while I have long term goals for growth, it requires more month to month thinking then year to year thinking. But enough about the business.. this is about retirement. Reason why I dont plan for retirement is due to the fact that the world changes too much. Cost of living, value of the money you hold in your hand today is not the same as tomorrow, governments change, people change, my wants and needs change. etc. So, I rather plan for one month ahead right now. I have lotsa long term goals but I havent planned them out. I definitely havent planned out reitrement, although I dream about having a couple places I own in several countries so I can be old and travel and relax. But actually plan personally for the long term? hell no. I am 25, who knows when I will honestly want to stop working? How on earth am I supposed to plan out my retirement now, when I am not sure what the hell I want from retirement? I rather focus on the NOW and make as much $$ as I can and when I am happy with my bank account balance then I will stop. I haven't figured out what that balance will be tho. Any young people planning for retirement are getting a little ahead of themselves. Unless you were born and knew what you wanted to do or you are a really boring individual, you are most likely gonna change and that could royally fuck up your planning. Spend less time planning and more time actually doing....