COLD DARK ROOM

DE42

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Joined
Apr 8, 2016
Messages
1,697
I have no idea if this is a good price or not.
But I'm happy that you're happy.:)
But not so happy you're in debt. :(
The American life style lol if you're not so far I debt when you die that your grandkids could not pay it off you did it wrong. Lol

I'm just kidding but a lot of people do that here. I am personally a little over $100,000 in debt between my house, car, and student loans. But actually I'm ok because I have $150,000 in assets roughly. So I'm not over my head. My debt payments are about $950/mo. With a base income of $1,800/month and due to over time an average of $2,000/month. So gives me roughly half on my income to live on as of right now. When I finish my school this fall I should get a job making 125% - 150% of what I make now and max out at around 200% of what I make now is a few years. If I continue my education as I plan too I can move up and hopefully reach the six figure yearly income in around 10 years. Making 300% - 350% of what I do now. (This is not accounting for inflation that could make that 200-350% actually be 400% - 700% in 40 years.)

So if things go according to plan I should be debt free and developing a real retirement in 15-20 years. Plan is to retire in 40 years with enough income to live an additional 20. That would put me retiring at 68 and planning for 88. Realistically with my family history and medical history I will most likely not live to be 88.



All that said who knows what will actually happen as life moves forward and it could be completely different than I outlined above. So im just going to live life one year at a time and hope for the best with a faint outline of a plan in the background. Lol
 

Tidgy's Dad

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5 Year Member
Joined
Feb 11, 2015
Messages
48,236
Location (City and/or State)
Fes, Morocco
The American life style lol if you're not so far I debt when you die that your grandkids could not pay it off you did it wrong. Lol

I'm just kidding but a lot of people do that here. I am personally a little over $100,000 in debt between my house, car, and student loans. But actually I'm ok because I have $150,000 in assets roughly. So I'm not over my head. My debt payments are about $950/mo. With a base income of $1,800/month and due to over time an average of $2,000/month. So gives me roughly half on my income to live on as of right now. When I finish my school this fall I should get a job making 125% - 150% of what I make now and max out at around 200% of what I make now is a few years. If I continue my education as I plan too I can move up and hopefully reach the six figure yearly income in around 10 years. Making 300% - 350% of what I do now. (This is not accounting for inflation that could make that 200-350% actually be 400% - 700% in 40 years.)

So if things go according to plan I should be debt free and developing a real retirement in 15-20 years. Plan is to retire in 40 years with enough income to live an additional 20. That would put me retiring at 68 and planning for 88. Realistically with my family history and medical history I will most likely not live to be 88.



All that said who knows what will actually happen as life moves forward and it could be completely different than I outlined above. So im just going to live life one year at a time and hope for the best with a faint outline of a plan in the background. Lol
Golly!
I was a little in debt after university but paid it off in a year.
Retired at 39.
Should be okay now, but I doubt I'll make 88 either.
But as you say, you never know.
 

DE42

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Joined
Apr 8, 2016
Messages
1,697
Golly!
I was a little in debt after university but paid it off in a year.
Retired at 39.
Should be okay now, but I doubt I'll make 88 either.
But as you say, you never know.
Retired at 39 would be awesome but a goal that I doubt that I could do lol. Maybe if i had got in the military at 18 when I tried the first time. That would have been 20 years of service. But that did not happen.

To be honest really honest I doubt that I will make it to 60. I have had and have too many health issues and most likely my health will "make" me retire before I really get to that age. Unless I have a desk job, which is one reason to continue my education.

I'm 28 well almost. Will be in less than a month. And I've almost died 6 times due to sickness. I have multiple health issues that have no cure and a bad family history of cancer not counting what they found in me when I was 18. Though that is gone, Thank God.
 

CarolM

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Joined
Oct 30, 2017
Messages
19,492
Location (City and/or State)
South Africa - Cape Town
Hello Adam!
I hope everyone in the CDR has had a better day than me. Spent the last 4hours in town, going from one store to the next trying to find pants that fit right. Being 6ft is not easy.. nothing is long enough or they don't fit my hips right. I am one of the few women who despises clothes shopping!
I'm the other one.
 

Tidgy's Dad

Well-Known Member
5 Year Member
Joined
Feb 11, 2015
Messages
48,236
Location (City and/or State)
Fes, Morocco
Retired at 39 would be awesome but a goal that I doubt that I could do lol. Maybe if i had got in the military at 18 when I tried the first time. That would have been 20 years of service. But that did not happen.

To be honest really honest I doubt that I will make it to 60. I have had and have too many health issues and most likely my health will "make" me retire before I really get to that age. Unless I have a desk job, which is one reason to continue my education.

I'm 28 well almost. Will be in less than a month. And I've almost died 6 times due to sickness. I have multiple health issues that have no cure and a bad family history of cancer not counting what they found in me when I was 18. Though that is gone, Thank God.
Well, it's good that you're planning you life until your eighties!
That shows at least a certain subconscious optimism.
I'm sure sometimes you didn't think you'd make 28. And you have. (well, nearly).
So, you never know, each year can be treated as a special one. :)
 

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