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@canefan said in Happiness Scale:
Started the new year with a pretty high rating. I've come to the conclusion we simply need to work less
Fucken ay. Wife started her new role as manager and she's relieved she doesn't have to deal with the old duck she replaced, but has found other things to stress about. Because that's what she does.
Meanwhile, I'm clocking in maybe five hours a day of good stuff to keep the wheels turning enough to make me look awesome.
I'm never going back to the office full-time. A mate of mine from the Rugby club works nearby, and is thinking of selling his house here and moving up the central coast into their investment place.
Now I'm thinking about buying an investment place up the coast and moving there when the kids are done with high school
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@NTA said in Happiness Scale:
@canefan said in Happiness Scale:
Started the new year with a pretty high rating. I've come to the conclusion we simply need to work less
Fucken ay. Wife started her new role as manager and she's relieved she doesn't have to deal with the old duck she replaced, but has found other things to stress about. Because that's what she does.
Meanwhile, I'm clocking in maybe five hours a day of good stuff to keep the wheels turning enough to make me look awesome.
I'm never going back to the office full-time. A mate of mine from the Rugby club works nearby, and is thinking of selling his house here and moving up the central coast into their investment place.
Now I'm thinking about buying an investment place up the coast and moving there when the kids are done with high school
Balance is so hard. But when Mrs CF is not working she is much more receptive to work. If you know what I mean....
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@NTA said in Happiness Scale:
@canefan said in Happiness Scale:
But when Mrs CF is not working she is much more receptive to work. If you know what I mean....
I think I do. But for me that is just a theory, and don't think it is likely to change
We are nothing but opportunists
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@canefan said in Happiness Scale:
@NTA said in Happiness Scale:
@canefan said in Happiness Scale:
But when Mrs CF is not working she is much more receptive to work. If you know what I mean....
I think I do. But for me that is just a theory, and don't think it is likely to change
We are nothing but opportunists
Dirty, maniacal sex opportunists
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@NTA I've just done the same! Re-read this thread that is, not hit that Reddit forum
Boy did we cover some ground. Workplace pay structures, bedroom antics, wives trying to kill us, magic retirement numbers needed from lotto. Good stuff.
By way of update, we have settled right back into the hectic Sydney life of busy jobs and crazy kid schedules. Wife starts a new job in 2 weeks, and it looks like I've lined something up to start immediately after I finish my current gig in April - different sector, super interesting, less comp initially but lots of potential. Scary but exciting! Not confirmed yet, but
I think we have just accepted that life is going to be mostly-happy carnage until the kids finish school. After that we can do whatever we want. We will still be young enough in our early 50's and hopefully healthy enough to enjoy it.
In the interim, just keeping trucking on assuming! And assuming this new job comes off, Covid may end up doing us a favour with the new WFH regime making stuff a lot easier to balance.
Hope 2021 has started well for you guys
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@voodoo said in Happiness Scale:
I think we have just accepted that life is going to be mostly-happy carnage until the kids finish school. After that we can do whatever we want. We will still be young enough in our early 50's and hopefully healthy enough to enjoy it.
The potential trap is in "whatever we want" being changed significantly, depending how things have evolved.
I want to make sure something solid is there on which to continue when the kids leave the nest, and that requires healthy continuation of The Relationship.
I'm not talking about The Marriage; I posit that The Marriage to me is a combination of The Relationship, kids and household etc. It isn't all of The Relationship, because part of that existed before The Marriage. So in a Venn diagram they don't overlap 100%
A few older couples get a shock when the kids fly free, because the underlying basis of their interactions got lost when kids came along, becoming more about the family unit rather than The Relationship with each other.
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@NTA no doubt, the relationship is a constantly evolving thing, and I reckon 90% of parents go through some form of struggle when the kids finally leave the nest for good.
I cant bring myself to worry about that now - the relationship is good at the moment, and if 2020 has taught me anything, it is to savour the now and not to stress about stuff years (even months!) ahead that I really can't control.
I plan to sort the finances out, help the kids as much as possible, then just see what happens!
In the interim, I'll drink much beer and wine, and come here to the Fern when shit doesn't work out like it should
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Ok I've only got as far as people saying 3 mill isn't enough to stop working and m4l saying 2 mill would hardly change his life and fucken hell I'm flabbergasted.
What the fuck do you guys earn and spend on that you couldn't live off 50k a year for the next 60 years?
I could easily turn 1 mill pounds into pretty much retirement with the odd spot of work on property or what have you here and there.
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@Bones said in Happiness Scale:
Ok I've only got as far as people saying 3 mill isn't enough to stop working and m4l saying 2 mill would hardly change his life and fucken hell I'm flabbergasted.
What the fuck do you guys earn and spend on that you couldn't live off 50k a year for the next 60 years?
I could easily turn 1 mill pounds into pretty much retirement with the odd spot of work on property or what have you here and there.
IIt's gotta be travel, doesn't it? You take all that free time and that's probably a good 3-4 trips away each year, each for a few weeks. To my mind, that averages out at ~5000 quid per trip unless your only holiday destination is Vietnam or Laos.
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@Bones As I am closer than most to retirement I have probably been giving more thought to this than the average Ferner.
I am aiming to have an income of $70K plus my pension. I figure this will allow me to live comfortably for a couple of decades.
As @junior says a lot of it is travel. I budget for two long haul overseas trips and half a dozen domestic p.a.
COVID permitting.....
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@Bones said in Happiness Scale:
Ok I've only got as far as people saying 3 mill isn't enough to stop working and m4l saying 2 mill would hardly change his life and fucken hell I'm flabbergasted.
What the fuck do you guys earn and spend on that you couldn't live off 50k a year for the next 60 years?
I could easily turn 1 mill pounds into pretty much retirement with the odd spot of work on property or what have you here and there.
Kids, travel and a love of cars.
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@Bones said in Happiness Scale:
Ok I've only got as far as people saying 3 mill isn't enough to stop working and m4l saying 2 mill would hardly change his life and fucken hell I'm flabbergasted.
What the fuck do you guys earn and spend on that you couldn't live off 50k a year for the next 60 years?
I could easily turn 1 mill pounds into pretty much retirement with the odd spot of work on property or what have you here and there.
There’s obviously massive amounts being spent on blow and hookers that they’re ashamed to admit.
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@MN5 said in Happiness Scale:
@Bones said in Happiness Scale:
Ok I've only got as far as people saying 3 mill isn't enough to stop working and m4l saying 2 mill would hardly change his life and fucken hell I'm flabbergasted.
What the fuck do you guys earn and spend on that you couldn't live off 50k a year for the next 60 years?
I could easily turn 1 mill pounds into pretty much retirement with the odd spot of work on property or what have you here and there.
There’s obviously massive amounts being spent on blow and hookers that they’re ashamed to admit.
It's a good theory but this is a guy that happily confessed to holding a dildo in his mouth.
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@Bones said in Happiness Scale:
@MN5 said in Happiness Scale:
@Bones said in Happiness Scale:
Ok I've only got as far as people saying 3 mill isn't enough to stop working and m4l saying 2 mill would hardly change his life and fucken hell I'm flabbergasted.
What the fuck do you guys earn and spend on that you couldn't live off 50k a year for the next 60 years?
I could easily turn 1 mill pounds into pretty much retirement with the odd spot of work on property or what have you here and there.
There’s obviously massive amounts being spent on blow and hookers that they’re ashamed to admit.
It's a good theory but this is a guy that happily confessed to holding a dildo in his mouth.
The cost of ridiculous bow ties adds up as well I guess
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@MN5 said in Happiness Scale:
@Bones said in Happiness Scale:
@MN5 said in Happiness Scale:
@Bones said in Happiness Scale:
Ok I've only got as far as people saying 3 mill isn't enough to stop working and m4l saying 2 mill would hardly change his life and fucken hell I'm flabbergasted.
What the fuck do you guys earn and spend on that you couldn't live off 50k a year for the next 60 years?
I could easily turn 1 mill pounds into pretty much retirement with the odd spot of work on property or what have you here and there.
There’s obviously massive amounts being spent on blow and hookers that they’re ashamed to admit.
It's a good theory but this is a guy that happily confessed to holding a dildo in his mouth.
The cost of ridiculous bow ties adds up as well I guess
I don't stalk him on Facebook, not enough playground action.
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@Bones said in Happiness Scale:
Ok I've only got as far as people saying 3 mill isn't enough to stop working and m4l saying 2 mill would hardly change his life and fucken hell I'm flabbergasted.
What the fuck do you guys earn and spend on that you couldn't live off 50k a year for the next 60 years?
I could easily turn 1 mill pounds into pretty much retirement with the odd spot of work on property or what have you here and there.
You are of course talking pounds, so almost double the value (1.89 at the moment). Britain being a bit more expensive apparently for cost of living (8.5% more) so that is more like $1.73m NZ to invest. You also need a freehold home on top of that or mortgage / rent will eat it fast.
You seem have used 5%. It's actually not that easy to generate income at the moment. Yes you can have the assets but getting a return is tough. Low interest rates mean bank deposits won't do much for you and the stock exchange is highly valued (due to that) so PE ratios drop. Add to that the risk and it isn't quite so appealing. Property is difficult because the ROI is O.K. but you end up with diminishing returns. In NZ they generally double in value from 7 to 10 years (ish) - no way your rental income keeps up with that, so you end up with a high value asset with not much income from it. Sure you get capital gain, but only if you realise it. Then you have to find where else to put it. Brightline tests and tax have made it even more difficult to deal in property.
I know it sounds like a million is a lot of money but if you can only get a couple of percent on it the income isn't great without eating into the capital. Most would achieve more than that, but take out tax and the returns come down again.
As for spending - when you get told that the new brake discs for your 14 year old (because you don't want to / can't afford to replace it) RS4 are going to cost over $3000 the cash disappears pretty quick. Yes I could drive something cheaper / newer but they all cost money to run. You actually do need more than you would like to think just to maintain a lifestyle.
I'm too young to receive any government super to top up, for a long time yet, and they may well means test it by then.
You're young enough and have plenty of time, but who knows what the world will look like in a decade or two?
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@Snowy people just live to thier income.
After I was made redundant, I went from a low 6 figure income (inc benefits, bonus, car etc) to under $40k, and we thought we would be fucked having just built a house.
Went through our expenses, and worked out we what we needed and found we could just scrape by off my income and wifes part time income...fast forward 6 months I got a job earning ~$50k, a year later I got a new job and today I am earning more than that but still alot less than I was at my old job in 2012, and some months now we look back and think where has our money gone.
I think if you are sensible you can get by on a whole lot less than you are used to.
I am still sure if I came into a mill it would be life changing.
Happiness Scale
