Retired at 30

FizzleSticks

This post has been deleted.

shaunr68

650Ginge wrote: »

€600 is super low, I don't know how you get that low but well done.

DC pension can be taken from 50 in Ireland, 55 in the uk. DB's don't seem to be so straightforward but possible in some cases.

Thanks, I reckon 80 pm electric, 20 internet, 20 on PAYG mobiles, 100 diesel and the rest on food. 90 Euros a year LPT. We grow a lot of our own food and have chickens and goats. It's great, peaceful life in a beautiful part of the world. A little bit of part time work covers incidental expenses like vehicle repairs, DIY materials and vet bills. People say Ireland is an expensive place to live but it isn't if you own your own home, live outside the cities and have modest needs. What more could anybody want?

Our pensions are both public sector (teaching/civil service) and not especially generous but as I said kick in at 60. I don't want to mess with the pensions by claiming anything early so happy to do some part time work for the next 10 years to tide us over.

Cheers

Debtocracy

I reckon a girlfriend costs about 2K a year in terms of extra socialising, wearing better clothing, Nivea for Men moisturisering and eating out.

Socialising costs about 3K a year.

So if you if refrain from social contact, you could save yourself a wallet busting 60k in your twenties.

Now some girls do dig the frugal lifestyle but they tend to be more masculine looking for some reason.

shaunr68

OOnegative wrote: »

Sense some sort of sarcasm in your post but I'd rather not have a pot to p!ss in and have my two children than be crazy rich and have no kids. Money is handy, children are priceless.

Each to their own mate, I'm happy not to have contributed to global overpopulation, also we like a quiet life, screeching brats weren't for us.

thierry14

shaunr68 wrote: »

Ah, kids. Well there's the biggest expense in life. All our friends that had kids are skint, we're late 40s, don't drink, don't smoke, no kids (missus was a teacher so naturally hated children!), packed in full time work at 45, own a modest little place here out in the sticks and a rental property in the UK near to parents. We can get by comfortably on €600 a month. Do a bit of part time work to top up the coffers here and there but have no intention of returning to full time work. Reasonably modest pensions will kick in at 60. Rubbish life? Not as rubbish as 20 more years in the rat race. We're loving the freedom, living the "Good Life", you're welcome to your luxuries, knock yourself out and work 'til you're 75!

Don't have kids?

Is that your financial advice?

Don't know what you do but I like to work and would gladly work till 75 if they let me

Why was your wife teaching kids if she hates them?

Strange comment

OOnegative

shaunr68 wrote: »

Each to their own mate, I'm happy not to have contributed to global overpopulation, also we like a quiet life, screeching brats weren't for us.

Never disagreed with you did I? Just gave my opinion.

StupidLikeAFox

shaunr68 wrote: »

Each to their own mate, I'm happy not to have contributed to global overpopulation, also we like a quiet life, screeching brats weren't for us.

This is off topic but what does your typicall day look like? Sounds like you don't do much other than hang around

shaunr68

thierry14 wrote: »

Why was your wife teaching kids if she hates them?

Strange comment

Christ, it was tongue in cheek! She always joked that she hated kids, honestly we never wanted any of our own though. We have enjoyed life, pleased ourselves, motorhomed all over Europe, renovated a dilapidated cottage in another country, done things that having a conventional life dictated by term times and nappy changing would not allow.

shaunr68

OOnegative wrote: »

Never disagreed with you did I? Just gave my opinion.

Of course, each to their own as I said.

shaunr68

StupidLikeAFox wrote: »

This is off topic but what does your typicall day look like? Sounds like you don't do much other than hang around

We are busy every day to be honest as we're still doing a lot of work on a house that wasn't lived in for decades and there's no end in sight. On the plus side we can take it at our own pace and for the first time in our lives are no longer wage slaves. However I'm aware that I don't want to hijack this thread any further and it's very late, so will leave it at that

The J Stands for Jay

Chancer3001 wrote: »

Part time job be worth less than the dole these days unfortunately

What does the sole in Japan pay, and what's the part time job situation over there?

The J Stands for Jay

FizzleSticks wrote: »

The value of your investments may go DOWN as well as up!

Enjoy your twenties, you seem like a real go getter, if you are money focused and strategic you will go out there and make money but like other have mentioned you still lose almost half in tax but you may well establish a great amount of wealth maybe by the time you're 30, but probably not. Don't be so black and white in your thinking, and please do not sacrifice any experiences you'd like to have in your 20s for money. Its all about balance.

The lad has achieved his dream of living in Japan, I wouldn't go telling him he's missing out on tickets to Ed Sheran and a fortnight in Lanzarote.

Cute Hoor

Andrew Beef wrote: »

I started on €21k a year at age 23. From memory it then went as follows each year to 30: €25k, €30k, €36k, €45k, €55k, €75k, €100k.

I consider all but the last two negligible.

That's interesting, and I'm long gone from 20 something salaries, I do know somebody who is 30 and is on a salary of €125k which I would have thought is exceptional, but to describe a €55k salary for somebody in their 20s as neglible is surely outrageous or am I totally out of the loop. I did a quick check on the public service, a 20 something HEO (and I would doubt there are too many of those) would be on less than €50k, a 20 something teacher would be on mid €40ks at best, is there now such a disparity between high fliers in the public sector and ordinary 20 somethings in the private sector.

Cute Hoor

McGaggs wrote: »

The lad has achieved his dream of living in Japan, I wouldn't go telling him he's missing out on tickets to Ed Sheran and a fortnight in Lanzarote.

I think what this topic is showing up is that it is very much each to their own, and I don't think anybody has a right to decry what another person considers to be their perceived idyllic lifestyle (once they aren't paying for it). OPs path wouldn't have been mine but I admire him for it, wish him the best of luck, and hope he makes it in the 5 years. Life has a habit of throwing up things along the way that significantly alter your planned destination, you need to be prepared to go with the flow when those situations arrive.

BTW what's wrong with the fortnight (or more/or less) in Lanzarote

kippy

Cute Hoor wrote: »

I think what this topic is showing up is that it is very much each to their own, and I don't think anybody has a right to decry what another person considers to be their perceived idyllic lifestyle (once they aren't paying for it). OPs path wouldn't have been mine but I admire him for it, wish him the best of luck, and hope he makes it in the 5 years. Life has a habit of throwing up things along the way that significantly alter your planned destination, you need to be prepared to go with the flow when those situations arrive.

BTW what's wrong with the fortnight (or more/or less) in Lanzarote

Agreed - however at 19 a few things stand out (in hindsight)
1. You know very little.
2. The world is your oyster.
3. You've little appreciation for the twists and turns that life will throw at you.

I an lucky enough to have generally enjoyed whatever job I was in at whatever point in my life. I've made many friends, learned many valuable lessons and had some great times while working.
There's nothing wrong with trying to be financially well set up by the time you are 30 but not at the detriment of you 20's. I don't see what benefit if any, a sedentary life, not working "Retired" brings to anyone so young in life either.

As you say, each to their own - best of luck OP.

Cute Hoor

kippy wrote: »

I an lucky enough to have generally enjoyed whatever job I was in at whatever point in my life. I've made many friends, learned many valuable lessons and had some great times while working.

Pretty much mirrors my own thoughts and experience, and looking back I wouldn't have had it any other way.

Andrew Beef

Cute Hoor wrote: »

Pretty much mirrors my own thoughts and experience, and looking back I wouldn't have had it any other way.

Agreed.

My observation is that the people who I’ve seen with the best “retirement” are those who continue working, albeit to a lesser extent.

I intend to do consultancy work for as long as I can as in my view it prolongs your life.

The J Stands for Jay

Cute Hoor wrote: »

BTW what's wrong with the fortnight (or more/or less) in Lanzarote

For the price of the stereotypical 2 weeks of Irish pub pints and egg and chips in the sun, you could have an experience somewhere else. Although, it does seem to be an interesting triathlon location, the scuba diving is supposed to be good and there's a good bit of volcanic landscape and art to explore.

Cute Hoor

McGaggs wrote: »

For the price of the stereotypical 2 weeks of Irish pub pints and egg and chips in the sun, you could have an experience somewhere else. Although, it does seem to be an interesting triathlon location, the scuba diving is supposed to be good and there's a good bit of volcanic landscape and art to explore.

Don't want to hijack the topic to a Lanzarote one but it's a grand spot, taken in conjunction of course with experiences elsewhere, wouldn't be a partaker of the 'egg and chips' in the sun myself but will admit to being partial to 'Irish pub pints' whether they be sourced in Ireland, in the sun, or other international experiences. It does indeed run a very good Ironman and theres lots of scuba diving there, I'd be more an observer than participator at this stage. Great place for walking and cycling (wind can be dodgy).

J Mysterio

Cute Hoor wrote: »

That's interesting, and I'm long gone from 20 something salaries, I do know somebody who is 30 and is on a salary of €125k which I would have thought is exceptional, but to describe a €55k salary for somebody in their 20s as neglible is surely outrageous or am I totally out of the loop. I did a quick check on the public service, a 20 something HEO (and I would doubt there are too many of those) would be on less than €50k, a 20 something teacher would be on mid €40ks at best, is there now such a disparity between high fliers in the public sector and ordinary 20 somethings in the private sector.

Guy was prob a trainee accountant. They seem to have very high expectations and can be - to put it mildly - a little undiplomatic.

elperello

J Mysterio wrote: »

Guy was prob a trainee accountant. They seem to have very high expectations and can be - to put it mildly - a little undiplomatic.

The old people used to say

"you'll see a poor day yet"

Avatar MIA

elperello wrote: »

The old people used to say

"you'll see a poor day yet"

Ah, so that's where the begrudgery came from