Author Topic: Early Retirement....anyone done it?  (Read 808 times)

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Offline 754

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Re: Early Retirement....anyone done it?
« Reply #25 on: October 21, 2018, 01:52:10 pm »
 Scott don't let money always rule your world. Having a better life us worth it. Being satisfied is worth it.
  A change can be as good as a rest .. better to have lower pay and look forward to working there, than just getting up, going through the motions, and being less satisfied.

 That said what my life is really lacking is a workspace, and the need to have my machine tools running and producing bike product. I am trying to fix that.
Maker of the WELDLESS 750 Frame Kit
dodogas99@gmail.com
Kelowna B.C.       Canada

My next bike will be a ..ANFOB.....

It's All part of the ADVENTURE...

73 836cc.. Green, had it for 3 decades!!
Lost quite a few CB 750's along the way

Offline Darren Jakal

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Re: Early Retirement....anyone done it?
« Reply #26 on: October 21, 2018, 09:03:05 pm »
Hey Scott, lots of good reading here and we happen to be the same age. My original retirement plan failed in 2016. I became too old to Live Fast and Die Young when I hit 50.

I have to say that in retrospect it hasn’t turned out that bad. I find that I am actually in pretty good shape and that I have a lifetime worth or memories that I value greatly. I work 20 hours a week that I job I like and that pays me well, so now I’m just trying to Live Slower and Die Old. Of course that means I’ll probably continue to be semi-retired until I take the final dirt nap.

You only have one life and only you can give that life meaning, so pursue the things that mean something to you. Don’t stress (that WILL kill you) it'll all work out in the end.

Take it easy, dj

Offline Scott S

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Re: Early Retirement....anyone done it?
« Reply #27 on: October 27, 2018, 06:11:16 pm »
 OK guys, here it is, restored the thread.
'73 CB500/550
'71 CT70
'14 Triumph Scrambler

 and too many projects...

Offline RAF122S

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Re: Early Retirement....anyone done it?
« Reply #28 on: October 27, 2018, 09:11:08 pm »
Scott, imagine the number of bikes you could have and flip if you had every morning over coffee to trawl the craigslists and bring a trailer and letgo to scoop up more jewels with sweat equity and some investment would be potential for good returns to keep your freezer and fridge at equitable levels?
Find a painter friend and see if he will teach you how to paint, you might be very good at it. If you have room build yourself a separate garage bike workshop and invest in setting it up to do a bike business and acquire a small paint booth setup with air handler and a safety suit and air backpack or forced air system you you and explosion proof fans to ventilate the booth that are filtered several times to kill dust. Have floor drains that can be turned off in case you have heavy rains  with soil that does not percolate well. Also allows you to keep rodents and snakes from coming in through the drain pipes...it happens. Spraying the booth's floor clean is good and keeps any dust down. If you can afford IR paint dryers then they are golden for helping things cure out quickly with less risk of dust finding its way into your color or clear. A gun with pressure pot design is what the auto paint guy needs if you need more than a full 18-20 oz gravity feed cup to paint a bike you are using took much paint. So, one spray gun for primers and sealers and one or two for the color and clear. Mid range pro guns are going to give you good results, your painting friend, with new or old, may have several good used guns he could part with that would be better than you would buy as a mid priced gun. Ensure you can buy new air caps and needles and other parts for the gun and buy a full rebuild kit or two for each gun and new needles for the media you shoot with it.

You could go through an abbreviated night school or full night school course in auto body and paint and those skills transfer well to motorcycles.

Find a machinist friend and someone who can bend cr moly tubing if you are doing any frame mods such as cafe or brat or flat tracker seats or luxury touring... Haha!

Take a welding class or two in night school at community college to learn to mig and tig weld or find a welder that is good that won't charge you a fortune if you bring him a case or six pack or two to trade for some time under the hood for you along with some money for him...to keep the fridge stocked...
Get a good compressor and huge air tank to allow you to do any paint work if you go that route.  Craig's list and letgo and the like can scored you a nice quincy or Ingersoll & Rand compressor if you do not build your own...

Pursue that job you like but be prepared to leave it if you don't like it after all. Quality of life is important and working somewhere where most everyone is breast to work with is rare. That can be worth staying in a job but not one where you are killing yourself slowly by working too much.  I have pulled the plug on a job because it was a toxic and hostile work place for me a few times in my life. I do not regret it.

I stayed in a toxic job once and it drove me into depression, I was irritable and easily angered and I had sleep issues as well as health issues due to the stress. Migraines that were triggered by stress in some cases, or they were more easily triggered. The reason I stayed was the friends I had made outside work and a few inside work. And the church I went to was excellent and I wanted to stay in the area. I moved for jobs many times in my career. Longest at one job was 17.4 years...those days are rare when you get and keep a job with programs I worked on in the software industry within one company for 8 years and moved fro Tucson to Dayton Ohio and then back to AZ to Sierra Vista. Dayton the program unexpectedly pulled out of Iraq in the withdrawal of US troops and we were going to have a significant lull with lots of uncertainty, it was toxic and hostile workplace and I pulled the ripcord at 5 months and was gone in 6 and moved myself across the country more than once...

Find something you love to do and let the job be something you enjoy going to work to do...

You might find as the new company startup or opportunity is what you enjoy. Or, it might not develop a healthy workplace if efforts to make it so are not taken and promoted by mgmt.





David stuck in the curvy back roads of "Upper East" TN

Offline Scott S

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Re: Early Retirement....anyone done it?
« Reply #29 on: October 28, 2018, 09:25:56 am »
 I have too much stuff. Too much junk. Too big of a house, too many square feet.
 Lately,  I've been thinking of how I can do this and not even be dependent on benefits from her job.

 Currently exploring getting rid of about 75% of everything....closets, drawers, cabinets,  attic, garage, toys, etc., and rolling the equity in my home into a small bungalow.

 I'm about 11 or 12 years away from paying off my house. But it would still be too much house and upkeep.  If I downsize,  I'd be looking at a brand new mortgage,  but some people finance more on pick up trucks.  Seriously.
 I think I can pay a new, TINY mortgage and buy health insurance for less than it costs me to live here now.

 I want to be free, independent,  less stressed.
'73 CB500/550
'71 CT70
'14 Triumph Scrambler

 and too many projects...

Offline Johnie

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Re: Early Retirement....anyone done it?
« Reply #30 on: October 28, 2018, 09:42:47 am »
I am in a totally different boat than most of you and most of my friends. I turned 65 this year and will be retiring the end of January. The difference between me and most of the people I know is I really like my job which is why I never thought about early retirement. So why am I retiring? Because I can with no mortgage, no loans & no health issues. Time to spend more time with family, grandkids (1 & 3), traveling and 750 riding. Plus, more time to mess with more bikes. I have a K1 waiting for me in the shop once I get the KO off the lift. Life promises you nothing and the future is so unpredictable. The time is right...
« Last Edit: October 28, 2018, 09:45:23 am by Johnie »
1969 CB750K0 - Candy Blue Green
1970 CB750K0 - Candy Ruby Red
1970 CB750K1 - Candy Gold
1973 CB750K3 - Candy Bacchus Olive
1974 CB750K4 - Flake Sunrise Orange
2000 1500 SE Wing
1971 CB750K1 (next project)
1969 CB750K0 (The Patina Bike - Blue / Green)

Oshkosh, WI  USA

Offline simon#42

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Re: Early Retirement....anyone done it?
« Reply #31 on: October 28, 2018, 10:31:26 am »
i downsized from living in a very large 9 bedroom house to a 4 bed bungalow 5 years ago  and i would recommend it , those big houses own you , you dont own them . the money is much better spent living .

Offline MRieck

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Re: Early Retirement....anyone done it?
« Reply #32 on: October 28, 2018, 11:36:21 am »
I have too much stuff. Too much junk. Too big of a house, too many square feet.
 Lately,  I've been thinking of how I can do this and not even be dependent on benefits from her job.

 Currently exploring getting rid of about 75% of everything....closets, drawers, cabinets,  attic, garage, toys, etc., and rolling the equity in my home into a small bungalow.

 I'm about 11 or 12 years away from paying off my house. But it would still be too much house and upkeep.  If I downsize,  I'd be looking at a brand new mortgage,  but some people finance more on pick up trucks.  Seriously.
 I think I can pay a new, TINY mortgage and buy health insurance for less than it costs me to live here now.

 I want to be free, independent,  less stressed.
Boy do I hear you! ;D I'm retiring from my "regular" job 6/2021. I'll be 63. Unfortunately my wife was forced into retirement after 33 years with a large insurance company (her only job right out of college) and she is not old enough to collect maximum benefits on her pension. Oh.....and it's hard to find a job in your mid 50's too.
 Anyway....I am selling the house and getting a 4 bedroom ranch in New Hampshire ASAP after I retire. Of course there will be a shop and 3 car garage too....can't store the vette I am going to buy outside!
Owner of the "Million Dollar CB"

Offline MRieck

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Re: Early Retirement....anyone done it?
« Reply #33 on: October 28, 2018, 11:39:30 am »
i downsized from living in a very large 9 bedroom house to a 4 bed bungalow 5 years ago  and i would recommend it , those big houses own you , you dont own them . the money is much better spent living .
I couldn't agree with you more Simon. 2 people in a 4,500 sq ft is s bit foolish IMO....unless you really can't stand each other. ;D ;D
Owner of the "Million Dollar CB"

Offline Scott S

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Re: Early Retirement....anyone done it?
« Reply #34 on: October 28, 2018, 12:41:29 pm »
 Sheesh.... I'm looking at 1200 sq/ft or less! That's about all we live in now. The rest is just heating/cooling unused areas and picking up dust bunnies.
'73 CB500/550
'71 CT70
'14 Triumph Scrambler

 and too many projects...

Offline Jerry Rxman Griffin aka MuthaF'er

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Re: Early Retirement....anyone done it?
« Reply #35 on: October 28, 2018, 04:53:12 pm »
Geesh Mike, and to think yer fake Bastin accent was bad enuf…..  ;D ;)

See you next month bro with my KY CO VI accent and GA shine.
As of today 3/13/2012 my original owner 75 CB750F has made it through 3 wives, er EX-wives. Free at last.  ;-)

 

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