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My shop used to be my side hustle but lately I'm doing things for myself. I retired in 06 at 55.
My shop used to be my side hustle but lately I'm doing things for myself. I retired in 06 at 55.
I’ve always thought that retiring in your mid-50s would be great time to go out, but financially, I couldn’t do it then. Good for you that you could, I had to wait until 63.
I retired a few years ago. I've worked part time for about 6 years now and enjoy getting out, talking to people and staying busy. The worst part about working full time is your limited time off, overtime and sometimes doing stuff you don't like to do.
I worked with a friend building stuff on his farm and building a few cars for him, I enjoyed that but it was about an hour away. Now I work 1-3 days a week driving a 1 ton pulling a cargo trailer delivering for a manufacturing company. I work at my own pace and there is no stress involved whatsoever so it works well to get me out of the house.
After working 40 years in the railway industry solving problems and making deadlines it's enjoyable to just do mindless tasks instead.
This is one of the cars I built for my friend. I also helped another friend repower his boat, here we are pulling out the pair of 8V92's.
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Absolutely,Right now I envy most who are Retired as my biggest fear is not making it to that age. I spent 23 plus years on the Farm as a commercial grape grower and I sprayed EVERYTHING under the sun. Some materials that are not even legal to use in the US anymore. I hear about Round-up with people that sprayed it home owners getting cancer spraying 20 gallons etc... I literally sprayed over 20,000 gallons. If i live long enough to retire I would still want something to do a few days a week. For those who are retired ENJOY it cause you never know, and for those who are working rest-up as Monday will be here soon!
I retired with a good chunk of change but still needed to pay attention to the out flow (isn't that something one should always do) but the wife kept on spending and got mad when I commented on it several years later especially when the 'investments' turned down.....but divorce is something that I thought would never happen. Hope she's happy where she is because I'm glad she didn't come back when I asked her to lolI’ve always thought that retiring in your mid-50s would be great time to go out, but financially, I couldn’t do it then. Good for you that you could, I had to wait until 63.
but still needed to pay attention to the out flow
Couldn't get that through to her. I've always had money in my pockets....she couldn't spend hers fast enough. "I got it on sale so I saved money" was her motto lol.When your outflow exceeds your income, your upkeep becomes your downfall.
Sounds like a guy on a mission, well done!!My goal was to retire at 55. I nailed it on the 'want to' side but came up a bit short on the 'able to' side.
I'm 'retired' but still own rental properties that take a small amount of my time. The only thing that changed was that when I turned 62 I immediately signed up for Social Security. I'm also carrying some real estate contracts, but rental income, capital gains and interest don't count towards the SS income cap, so I signed up while the getting is still good. I haven't flipped a house since the one I bought a couple months after having a stroke at age 57 which didn't go as well as I am accustomed to. I felt like I did not make the best decisions, so I decided it was time to hang it up. So, with no day job and no apparent side hustle (I did manufacture and sell some parts for the Polaris Slingshot for a couple years but quit doing that), retirement looks exactly like my previous self-unemployment. To me, retirement is just a word and I'm getting more done now than ever.
A couple, three more years and the wife will join me. Plans are being made!