Why couldn't you just start your own online financial advisory business? Not much capital is required, and it would give you the flexibility to travel. Look up the XY Planning Network.
Why couldn't you just start your own online financial advisory business? Not much capital is required, and it would give you the flexibility to travel. Look up the XY Planning Network.
ftfy
Run 100 marathons in 100 days, duh.
Gravy wrote:
ftfy
Hey boss, nice effort but the "fixed that for you" thing only works if you highlight the text that you changed. No one is combing through the two posts to see what's different. Try again using the little bold or italic tags like you see when you quote a post.
ftftfy
Easy. Get a new job quickly.
Thanks for the replies. There have been some good responses.
1. I looked at XY Planning Network about being a self employed RIA. It's very interesting. I would be starting from scratch because I have a no compete clause for one year.
2. Since I'm a financial planner, I have been through Flagpole's math. He's right, I don't know how much longer I could have continued to do my job working 60 hours per week with a high stress level. However, I'm not sure that my wife would be too excited about working full time, while I work part time, for something to do.
3. Troll Let's Run Fulltime- not very lucrative and not my thing.
4 Train Full time for a year- I'm having some health issues that are hurting my running- this would not work. If I was healthy, I like this idea. Travel is still a priority.
5. "Join the queue and fill out an application at Wal-Mart, like the people that you looked down on." I'm not sure why it is assumed I looked down on people who made less than me, when I was employed. If I took a much lower paying job, I don't think it would be a Wal Mart. Maybe coaching.
He lasted a lot longer than most with similar vows.
Buy a truck with a snowplow and do seasonal work clearing driveways and parking lots in the northeast in the winter. In the summer, run a t-shirt shack at a beach somewhere.
49 is the new 65, so don't even think about a "career" or "professional" job. You're way too old to go back into the workforce with 20 and 30 year-old somethings. They don't want you, and you couldn't stand being around them.
I'm sorry you got fired.
But maybe go to sleep and when you wake up realize that it's not the 1985 anymore. 16 years, jeez I don't know how you didn't become a serial killer first! What a miracle.
Fired wrote:
I would be starting from scratch because I have a no compete clause for one year.
That's if you left. I'm pretty sure it doesn't apply since they fired you, and how would they enforce it anyway.
Start your own gardening service, and mow lawns.
Au Contrare wrote:
Fired wrote:I would be starting from scratch because I have a no compete clause for one year.
That's if you left. I'm pretty sure it doesn't apply since they fired you, and how would they enforce it anyway.
Yeah, either they pay you to sit on your ass for a year or you are free to work, amigo.
NOT "um no". Sorry, but $2 million by age 60 in 11 years (which is what you are saying no to) and then another $45,000 per year after that is more than enough to live on comfortably even until age 100 if they want. If you have zero debt when you retire (something I always say you need to have), then there are nice places you can live on Social Security alone (for a married couple). This guy and his wife will have $2 million minimum by age 60 even if he never contributes another penny to retirement. Not sure what your definition of "comfortable" is, but his $125,000+ in income by age 62 that I laid out is more than my family makes now, and I support two kids, one of whom is in college at the moment, and we live comfortably. Have no debt and live in a place that doesn't have high property taxes like where I do, then you can live large on that with just two people. He has already planted the seeds, so he doesn't NEED to work if he doesn't want to. He said his wife wouldn't be too cool with him not working full time if she does, so that's a different issue, but the fact is that he COULD stop working if she wanted to keep working (some people love work and will do it even if they don't need to), if he wanted to.
Flagpole never stop being you. Preach brother!
Flagpole wrote:
NOT "um no". Sorry, but $2 million by age 60 in 11 years (which is what you are saying no to) and then another $45,000 per year after that is more than enough to live on comfortably even until age 100 if they want.
You're a smart guy right? Do you think the "um no" might possibly be about the minor detail of *having your wife pay for all of your living expenses for the next 11 years*, rather than him just not understanding basic compounding interest?
There's probably no need to complicate things even further by going into the other minor detail regarding the social security hit that comes with retiring at age 49 (unless you think OP has been steadily earning high paychecks since the age of 14).
You have to weigh whether your wife will be down with a relatively young dude lying on the couch each morning while she trots off to the salt mines.
I've seen that situation become a real romance-killer. Most women, even in this era, do not find that situation to be an attractive one.
Your posts make you seem relaxed about the situation.
You are in an enviable position. You can try different things, different types of work with the comforting knowledge that you can check out any time you like, whether full or part-time.
ftfy
Patty Cake wrote:
Flagpole wrote:NOT "um no". Sorry, but $2 million by age 60 in 11 years (which is what you are saying no to) and then another $45,000 per year after that is more than enough to live on comfortably even until age 100 if they want.
You're a smart guy right? Do you think the "um no" might possibly be about the minor detail of *having your wife pay for all of your living expenses for the next 11 years*, rather than him just not understanding basic compounding interest?
There's probably no need to complicate things even further by going into the other minor detail regarding the social security hit that comes with retiring at age 49 (unless you think OP has been steadily earning high paychecks since the age of 14).
No, because he went on then about how he was 49 and that 40 years of living with the money he has now is not enough. He didn't say anything about the wife not wanting to work full time. Every marriage dynamic is different. I know some very career-driven women who would continue to work even if the husband called it quits and they didn't need any more income. I know a couple of stay at home Dads who don't plan to ever work full time again. Just depends on what the two people decide. The OP said his wife probably wouldn't go for that, and that's fair, but from a monetary standpoint, they could easily make it work if they wanted to.
Get some perspective. Realize that 1.3 million in assets and savings is in the top .001% of people on earth.
Many would be overjoyed and easily able to live healthy, happy, fun and engaging lives off 1.3 for 30+ years.
Do something you love part -time for work and spend the rest of your time living life and exploring! Have some gratitude and perspective.
BREAKING: Leonard Korir not going to Paris! 11 Universality athletes get in ahead of him!
Hicham El Guerrouj is back baby! Runs Community Mile in Oxford
What is the most stupid running advice you've ever heard?🤣(It can be funny)
Are Asics, Saucony, and New Balance envious of Brooks, Hoka ,and On?