The sooner the better. Next week if possible although I won’t be able to afford to live anywhere or eat anything. Hmmm gonna take a lot more work methinks.
i’m 39 and i’m retiring at the end of the year. But i’ll keep doing property stuff, i just wont be working for a pay check anymore[] handed in my resignation (actually asked for 12 months off) a few months ago and can’t wait to be finished i should have quit weeeks ago, it’s really hard to get motivated now i know i’m finishing in mid Dec.
for me personally i want to be financially free by the age of 26 but for retirement im just lookin at goin semi retired, the reason being property investin to me is almost like a full time job and still you have to do paper work, tax returns and keep a watchful eye over your properties and investment for any problems or situations that might occur later or sooner that you expect.
I want to retire at 30. Well, that’s my goal, but what I’m really trying to do is retire this coming January. That will be before 30!!
Hey Mel, wanna get married ?? [:0)]
I need a woman that knows whats she is doing – i should be where you are but have only just started to grow up and look at IP’s…
(No offence intended by the way !! [] )
As for retirement age i’m guessing 45 – in about 13 years time. My goal is to have about 10 IP’s @ an average of $150 in todays terms, that’d give me $1,500 a week before tax – i can live on that… []
Then i’ll sell my Sydney property (it’s worth more than 3 times what i paid in ’93) to buy my dream home in Queensland…
I can then look forward to days of racing my circuit car, playing golf, going fishing, taking holidays etc – Sounds tough huh ?? []
Cheers,
Paul…
“The only thing you get from looking backwards is a sore neck…”
Are the almighty retirement question. Is that retire from the rat race, working or just from someone elses pay check and live on a passive income. If you retire and your doing property investment, then you still haven’t retired unless you have someone else doing the paperwork for you. As for me the dream was 32, but then a few years travelling around here and O/s plus getting married pushed it back about 13 years. The absolute dead line is 45 and that’s not too far away.
C2
“Is it true the more you owe the more you grow until the bank steps in?”
In my case it was when my passive income stream was three times the dole and I owned the principal residence and one other property outright (good cash cow) the cars and had prepaid the kids school fees for 12 years! [think about uni later]
But I still work, only because I want to rather than have to and besides the income allows me to purchase “fun tickets”. Good red needs good money!
This may sound odd to many forum memebrs who are trying to retire but you go mad if you have nothing to do. I saw my dad retire at 42 and after a year mooching around the house my mother made him build another business and he retired again at 52 and then started a third business at 55 and so on. He’s 80 in a few weeks.
To me retirement is about waking up each morning and thinking “what will I do to amuse myself today” Go to the office to see the troops and sign the cheques pay the staff etc? Sorta need to do that nearly daily for a few hours at least.
Do lunch? Or as I did today try to buy a 11 second rule property! Well at least I put a bid in on one. Saw the agent’s car outside the property and rang him and said “is it listed yet”. He walked outside and said yes and then showed it to me and well !!! Yeah it’s a deal if you can think a little outside the square!
Tomorrow – It’s go to Sydney for the weekend. I’ve run out of good white and summer is approaching.