Alright so some people have wondered what I'm going to do when I retire at 40. Well, I see so many retirees out there that can't really enjoy their retirement because life has finally caught up with them. That was really one of my big drivers for wanting to retire when I was young. Of course retiring at 29 would be better than 39 in this respect, but I slacked too long.
My retirement days will probably look much like my weekends do now, but I definitely want to travel more. I'm pretty active, I like to hike, play sports and do yoga, so there will be more time for that. The one limitation in my life right now is having the time to get away and visit family and see the world. Last year we (my brother, my girlfriend and I) were able to get away for 10 days to Spain. But, that really isn't enough time to take everything in I figure another week or two would have been perfect to at least get the basic driving tour of all of the main cities and sites. As it is now, I feel like I going back not only because I really enjoyed it but I also feel like there are more sights I need to take in.
So how do you get to see all the great cities of the world on a fixed income? Well I just found this site yesterday and I think this guy is really on to something... http://www.happyflier.com basically this guy takes random trips around the country at cheap fairs, stacking up airline miles so he can afford the international trips he wants to go on. The more you travel the more miles you get (Silver, Gold, Platinum status). I think a mixture of this and miles credit cards could actually make these great trips more reasonable and realistic.
I have never been a person that had a problem keeping busy with something so I think, if that is my worst problem in 10 years I will be pretty well off!
3 comments:
Larry,
I love your blog! Aww it makes me miss you...good luck on your retirement....luv ya
-mariah
Hey Larry,
Good luck with your retirement plans. I wish I had been giving more thought to retirement when I was in my 20s and 30s!
www.happyflier.com
Commercial real estate is the key to the 8% APY you're looking for; when you get ready to turn your first rental property use the 1031 exchange; I've got some limited experience and would be happy to tell you about my success; currently a bit over 500K invested with a blended 7% return paid annually (but in monthly installements).
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