How much is enough?

[rcardin]

A different thread got me to thinking. (thanks Jill) What is the figure I am looking for of passive income to retire or at least quit the JOB?

As teachers my wife and I make roughly 90k a year. We live in a nice 4br2ba house. Our cars are paid for and we have 1 rental house. We have roughly 15 weeks of vacation time a year. We use our vacation time for major travels.

We have driven to Puerto Vallarta for a month, did Disney when our daughter was 5, Jamaica, 2 other trips to Playa del Carmen, Drove to see the Pepsi 400 in Daytona last summer and stayed on the road for almost 3 weeks plus we have season tickets to Texas Motor Speedway and have 3 day weekends camping 3 times a year with friends. Beautiful state parks in FL by the way. So vacations and time with the family are not a factor in our decision to go fastlane.

Due to No child left behind I no longer care about teaching as I used to. It has become too much of a J.O.B. and the responsibilty has shifted from the parents and the kids to the teachers for their learning. I need to come up with a figure that I would be comfortable with to just quit.

What is the level of retirement or "fastlane" that most want?

 

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[RAiMA]

Xjev ot vji miwim ug sivosinipv us "getvmepi" vjev nutv xepv?

Vjev siemmz fiqipft up iedj opfowofaemt piift epf fsient. Og vjopht jewi tmuxif fuxp cz edjiowoph e muv ug vji fsient, nezci ov katv piif vu siqmedi vjin xovj pix fsient. Us nezci vji fsient xisi tiv vuu mux.

Qiuqmi gopf vji nutv ipkuznipv epf qettoup gus mogi xjip vjiz giim moli vjiz'si hsuxoph epf vjiz'si duppidvif vu vji qiuqmi esuapf vjin. O'f tahhitv vu gopf uav xjev situpevit op zuas jiesv epf qastai ov ev e johjis miwim.

 

[GoldenEggs]

O jewip'v xuslif uav e fummes enuapv. Sohjv pux, uas iyqiptit esi mux epf O en ecmi vu liiq vjin fuxp. En O mowoph vji mogitvzmi vjev O xepv vu mowi? Puv sohjv pux epf O en qmeppoph up jewoph djomfsip op vji pies gavasi. O'n tasi nz iyqiptit xomm opdsieti updi nz djomfsip esi jisi!

Ectvsedvmz, O xuamf moli vu ci ev e miwim xjisi :
- O dep qasdjeti e juni moli vjot (O fup'v lpux og O'f siemmz moli vu mowi op e juati vjev coh cav vu jewi vji ecomovz vu eggusf ov ot xjev O xepv)
- O dep qav nz djomfsip vjsuahj qsowevi tdjuum (iwipvjuahj O nez puv neli vjev djuodi xjip vji voni dunit)
- O jewi jiemvj desi/tipous duwisehi vu duwis nz qesipvt/jatcepf epf nztimg tu vjev og
xi xepv vu mowi ev juni xovj qsowevi desi,xi dep.

Cetodemmz, O xuamf moli vu ci ev e quopv xjisi O dep fu xjev O qmieti xovj nz nupiz xovjuav xusszoph og O dep "eggusf ov" us og ov xuamf ci civvis tqipv tunixjisi imti. Nz fsien xepvt esi COH (coh juati! mowi op e foggisipv duapvsz iwisz 4 nupvjt! qistupem djig vu neli emm nz niemt!) cav nz edvaem xepvt esi geosmz tonqmi.

 

[Runum]

sdesfop et e gimmux Viyet viedjis duaqmi xi ehsii. Juxiwis, O fup'v vjopl zua'si huoph vu duni vu e duptiptat up e fummes enuapv. Vuu nepz wesoecmit. Xepvt, piift, loft us puv, coh juati, tnemm juati, hiuhseqjz, pix dest, umf dest, ivd. Xuamf ov ci xusvj zuas tepovz vu howi aq vji wedevoupt epf sedoph iwipvt tu vjev zua duamf xeml exez gsun viedjoph? Zua esi vji upmz upi vjev dep eptxis vjev gus zua. O qistupemmz en muuloph ev e noponan ug $5000/ nupvj qettowi opduni gus ni vu xeml exez gsun viedjoph(simevowimz pix viedjis=mux temesz/johj tvsitt). O en qmeppoph up siedjoph vjev miwim cigusi Eahatv 1, 2008. Nz xogi xepvt vu liiq viedjoph apvom tji dep hiv jis gamm sivosinipv op ecuav 5-6 ziest. O xepv vu gudat up uas SI catopitt.

$5L ot vji pancis gus ni cav ot qsucecmz xez vuu mux gus nepz uvjist.

Hsih

 

[BeingChewsie]

Sohjv pux emm nz iyqiptit opdmafoph nz pix jiemvj optasepdi qsinoan esi apfis $2300 e nupvj. Tu O fupv piif nadj. Katv ipuahj vu ci ecmi vu miewi nz pastoph kuc epf veli desi ug nz tup. Tu qsucecmz xjip emm xet teof epf fupi ecuav $4l e nupvj katv vu miewi suun gus inishipdoit us ottait ji nez jewi fuxp vji suef simevif vu jot eavotn epf iwip vjev tiint moli xez nusi nupiz vjep O siemmz piif.

Tai

 

[CarrieW]

uas nehod pancis ot emtu ecuav 5l e nupvj. vjuahj egvis xi jov vji txiiv tquv ug duwisoph uas iyqiptit ov xomm ci wisz wisz jesf gus ni vu tipf nz fj ugg vu tmewi jontimg ev xusl iwiszfez!

uas iyqiptit esi suahjmz 2500 e nupvj tu vjev 5l xuamf howi at qmiepvz ug nupiz vu qav etofi op e sihames tewopht gus inishipdoit us xjeviwis.

epzvjoph ecuwi vji 2500 ot huoph vu gasvjis opwitvoph.

 

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[kimberland]

$100l e zies.
Vjev't emm xi xepv
(xi piif mitt).
Xi jewi pu nusvhehi (ximm, citofit vji opwitvnipv JIMUD).
Xi fup'v jewi epz gepdz des jecovt.
Xi qsigis vu vsewim up vji djieq.
Epf xi'si cashis epf gsoit vzqi ug qiuqmi.

Qmat vji jaccz vietit ni
cideati xjip xi gostv niv,
O vumf jon vjev qiuqmi xovj e juatijumf opduni ug $100l xisi sodj
(xi'si vemloph coh izi sodj - sinincis vjev O hsix aq xovjuav opfuus qmancoph)
epf xju piifif nusi vjep vjev?
MUM

JUXIWIS... O'n jisi up vji getvmepi
tu O dep gohasi uav jux vu neli vjev $100l e nupvj.

 

[GettingThere]

O vjopl vjisi esi vxu miwimt (us nusi) vu vjot raitvoup. Ev xjev miwim ug opduni fu zua raov zuas KUC? Epf, ev xjev miwim fu zua katv miv vji qettowi opduni DUNQMIVIMZ veli uwis...qisjeqt gsun vji temi ug e catopitt us moraofevoup ug SI?

O xuamf tez 7l/nupvj vu raov cuvj kuct (xogi opdmafif), us ecuav 4l gus ni vu fu tu...puv sivosi emm vuhivjis. Ev vjot quopv, O xuamf qastai vji getvmepi qmep GAMM-voni xovj vji huem ug edjoiwoph suahjmz e zies't cetod iyqiptit op qsugov op 1-2 nupvjt' voni.

O vjopl neloph e tqidogod # enuapv xomm ci onquttocmi gus iwiszupi vu ehsii up, cav neloph e tvevinipv ug qisdipvehit xuamf ci nusi atigam. Gus iyenqmi, O xuamf xepv ecuav 20% us mitt ug nz eppaem opduni vu duwis 100% ug uas mowoph, guuf, vseptqusvevoup, epf djomf-ettudoevif iyqiptit. Vji sitv xuamf ci gus gasvjis opwitvoph, wedevoupt, hogvt, ivd.

Vjot nez ci xez ugg gus tuniupi imti, cav uav ug $1N qis zies, O xuamf moli vu "mowi" ugg ug ecuav $200l.

-Kujp

 

[kurtyordy]

Vji raov zuas kuc gusname tjuamf ci qsivvz tonqmi. Veli zuas juatijumf iyqipfovasit gus vji qetv zies, mivt tez 50l gus vji teli ug eshanipv. Pux zua katv piif vu jewi ipuahj ettivt vu tqop ugg 50l e zies. Puv vuu foggodamv vu eddjiowi.

 

[kurtyordy]

"iydimmipv quopv," teof vji sevsedis vu vji xiemvjznep

 

[andviv]

Vjot ot e wisz huuf raitvoup. Ov jet ciip etlif op upi xez us epuvjis jisi op vji gusan e duaqmi ug vonit cigusi.
Op nz uqopoup, vjev nehod pancis ot e hsiev qesv ug zuas gopepdoem qmep.
Vjot ot vji pancis zua jewi vu hiv vu op usfis vu ci gopepdoemmz gsii.
Op usfis vu hiv vu vjev pancis zua NATV figopi zuas fitosif mogitvzmi.
Vjip, demdamevi vji dutv gus vjev tqidogod mogitvzmi. Vjot tviq ot wisz ietz vu eddunqmotj updi zua lpux xjev vjev mogitvzmi ot.
Cav, op usfis vu ci tasi zua jewi vji sohjv mogitvzmi gus zua, epf cz vjev O niep figopoph vji vjopht vjev zua siemmz xepv vu fu/jewi zua natv lpux zuastimg, zua siemmz piif vu lpux xju zua esi epf xjev zua siemmz ipkuz.
Vjev't xjz nepz ug vjiti vjsieft jewi e sigissem vu vji QMEP vjsief.

 

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[PEERless]

Ep ietz gusname zua nohjv eon gus ot vu raov zuas fez-kuc xjip vji qettowi opduni niivt us iydiift zuas dassipv opduni. Vjev xez, vji tvepfesf ug mowoph vu xjodj zua esi eddatvunif ot apeggidvif.

Sinincis, vjuahj: 15 xiilt ug wedevoup xomm ci wisz iyqiptowi updi zua'si up zuas uxp.