Comments on: My New Retirement Lifestyle Cash Flow http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/ finance. money. action. Fri, 20 Nov 2009 12:02:44 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Madison http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-6093 Madison Thu, 06 Nov 2008 15:07:16 +0000 http://www.mydollarplan.com/?p=532#comment-6093 @ RR: I think you hit the nail on the head with "quit the rat-race" ... that was my goal, and there are many paths to get there. @ Mr. R: The nice part is that instead of spending 40 or so hours at the office, I can spend about 10 hours writing. Good luck, I hope you can achieve the same, life is grand not having to report to the corporate life! In retrospect, I should have titled the article "Happiness Lifestyle." I was trying to accurately capture the part about making retirement withdrawals to fund part of the new lifestyle. @ RR: I think you hit the nail on the head with “quit the rat-race” … that was my goal, and there are many paths to get there.

@ Mr. R: The nice part is that instead of spending 40 or so hours at the office, I can spend about 10 hours writing. Good luck, I hope you can achieve the same, life is grand not having to report to the corporate life!

In retrospect, I should have titled the article “Happiness Lifestyle.” I was trying to accurately capture the part about making retirement withdrawals to fund part of the new lifestyle.

]]> By: Mr. R http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-6092 Mr. R Thu, 06 Nov 2008 13:27:49 +0000 http://www.mydollarplan.com/?p=532#comment-6092 I would tend to agree with the last comment (#16). You've only just left the office job for a work at home job which I too am in the process of doing. However, I have no doubt that your income from this site will grow exponentially. It has only been a year and the timing couldn't be better for your site. I would tend to agree with the last comment (#16). You’ve only just left the office job for a work at home job which I too am in the process of doing. However, I have no doubt that your income from this site will grow exponentially. It has only been a year and the timing couldn’t be better for your site.

]]> By: ML http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-5971 ML Mon, 03 Nov 2008 14:42:53 +0000 http://www.mydollarplan.com/?p=532#comment-5971 You went from a two income household to a single income household. Big deal. You do not work. I am not sure I would call that retired. I believe housewife would be the historical reference. Your household has income and health benefits from your spouse. Getting a spouse is not a retirement plan. (Okay, maybe it is.) You went from a two income household to a single income household. Big deal. You do not work. I am not sure I would call that retired. I believe housewife would be the historical reference. Your household has income and health benefits from your spouse. Getting a spouse is not a retirement plan. (Okay, maybe it is.)

]]> By: RR http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-5787 RR Thu, 30 Oct 2008 14:57:13 +0000 http://www.mydollarplan.com/?p=532#comment-5787 I'm having problems with your assertion that you "retired" at 29... You said taxes and child-care was eating up 2/3 of your salary... and that child care cost you $27,000 a year... so your salary was in the $80,000-$100,000 range I'm guessing... Still confused how you managed to save the $2 million or so you'd need for both you and your husband to quit working completely forever... And then there's your side-business... If you have a side-business, you're not retired!! You've quit the rat-race, you've started your own business... Good for you!! But you're not retired... I’m having problems with your assertion that you “retired” at 29… You said taxes and child-care was eating up 2/3 of your salary… and that child care cost you $27,000 a year… so your salary was in the $80,000-$100,000 range I’m guessing… Still confused how you managed to save the $2 million or so you’d need for both you and your husband to quit working completely forever…

And then there’s your side-business… If you have a side-business, you’re not retired!! You’ve quit the rat-race, you’ve started your own business… Good for you!! But you’re not retired…

]]> By: Madison http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4944 Madison Wed, 24 Sep 2008 14:32:35 +0000 http://www.mydollarplan.com/?p=532#comment-4944 @ The Passive Dad: Scott stayed home with our oldest for a few months after I went back to work. He decided that he likes work. Some people are just wired that way. He's a great day, but staying home just wasn't for him. We're spending about $6700 for preschool for my oldest and about $4300 for the nanny for my youngest. We could do without it, but we want the kids to play with other kids, and I'd like some time for myself to pursue my hobbies. @ Uncommonadvice: Yes, the business revolves around advertising here at My Dollar Plan and writing for About.com as the <a href="http://kidmoney.about.com/" rel="nofollow">Kids and Money guide</a>. @ Dividend Growth Investor: Yes, I actually own JNJ and PG. @ Liz: Congrats on sitting down with your husband. How did the conversation go? @ Robert and Funny About Money: Yes, I'm staying home part time with my kids. I want to spend more time with them and going to work every day was taking me away from that. As I mentioned, they still will go to preschool and with their nanny though, so that I have time to pursue my own interests. @ The Passive Dad: Scott stayed home with our oldest for a few months after I went back to work. He decided that he likes work. Some people are just wired that way. He’s a great day, but staying home just wasn’t for him.

We’re spending about $6700 for preschool for my oldest and about $4300 for the nanny for my youngest. We could do without it, but we want the kids to play with other kids, and I’d like some time for myself to pursue my hobbies.

@ Uncommonadvice: Yes, the business revolves around advertising here at My Dollar Plan and writing for About.com as the Kids and Money guide.

@ Dividend Growth Investor: Yes, I actually own JNJ and PG.

@ Liz: Congrats on sitting down with your husband. How did the conversation go?

@ Robert and Funny About Money: Yes, I’m staying home part time with my kids. I want to spend more time with them and going to work every day was taking me away from that. As I mentioned, they still will go to preschool and with their nanny though, so that I have time to pursue my own interests.

]]> By: Robert http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4943 Robert Wed, 24 Sep 2008 13:13:09 +0000 http://www.mydollarplan.com/?p=532#comment-4943 So you basically became a stay at home mom? You are far from retired. Wait until your children are in college. You will be putting on our office monkey suit again. So you basically became a stay at home mom?

You are far from retired. Wait until your children are in college. You will be putting on our office monkey suit again.

]]> By: Living Off Dividends http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4928 Living Off Dividends Tue, 23 Sep 2008 07:01:57 +0000 http://www.mydollarplan.com/?p=532#comment-4928 My cashflow is currently around $2500/month. I'm in school so hopefully I'll get a decent job I enjoy when I graduate. <abbr><em>Living Off Dividends’s last post: <a href="http://feeds.feedburner.com/~r/LivingOffDividends/~3/399258751/" rel="nofollow">The Trillion Dollar Bailout</a></em></abbr> My cashflow is currently around $2500/month. I’m in school so hopefully I’ll get a decent job I enjoy when I graduate.

Living Off Dividends’s last post: The Trillion Dollar Bailout

]]> By: Liz http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4877 Liz Fri, 19 Sep 2008 14:47:35 +0000 http://www.mydollarplan.com/?p=532#comment-4877 I am also a 23 year old reading this post and I am very inspired. I've already scheduled a financial strategy talk with my husband for this weekend so we can get a plan together to diversify our income and begin to put money away for our retirements. Although we both have 401Ks they are not substantial. I also really appreciate your credit arbitrage explanations. I think those will free up some money for us to begin on alternative income sources. I am also a 23 year old reading this post and I am very inspired. I’ve already scheduled a financial strategy talk with my husband for this weekend so we can get a plan together to diversify our income and begin to put money away for our retirements. Although we both have 401Ks they are not substantial. I also really appreciate your credit arbitrage explanations. I think those will free up some money for us to begin on alternative income sources.

]]> By: 10 Ways To Improve Your Life Starting Today | My Super-Charged Life http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4779 10 Ways To Improve Your Life Starting Today | My Super-Charged Life Fri, 12 Sep 2008 13:16:36 +0000 http://www.mydollarplan.com/?p=532#comment-4779 [...] My New Retirement Lifestlye Cash Flow [...]

[...] My New Retirement Lifestlye Cash Flow [...]

]]> By: LAL http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4750 LAL Wed, 10 Sep 2008 20:29:54 +0000 http://www.mydollarplan.com/?p=532#comment-4750 Sounds great. But just make sure you have health insurance in case you husband loses his job or wants to switch. <abbr><em>LAL’s last post: <a href="http://feeds.feedburner.com/~r/LivingAlmostLarge/~3/387967759/" rel="nofollow">Fannie and Freddie Mac bailout?</a></em></abbr> Sounds great. But just make sure you have health insurance in case you husband loses his job or wants to switch.

LAL’s last post: Fannie and Freddie Mac bailout?

]]> By: Smart Spending Blog - MSN Money http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4749 Smart Spending Blog - MSN Money Wed, 10 Sep 2008 19:19:12 +0000 http://www.mydollarplan.com/?p=532#comment-4749 <strong>$10,000 in medical bills -- and that's with insurance...</strong> Two encounters with illness have cost David of My Two Dollars and his wife nearly $10,000 out-of-pocket so far this year, and that's not including the $320 a month they were paying for health insurance premiums. Health care is a huge personal-finance ...

$10,000 in medical bills — and that’s with insurance…

Two encounters with illness have cost David of My Two Dollars and his wife nearly $10,000 out-of-pocket so far this year, and that’s not including the $320 a month they were paying for health insurance premiums. Health care is a huge personal-finance …

]]> By: Nathalie Lussier from Billionaire Woman http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4677 Nathalie Lussier from Billionaire Woman Fri, 05 Sep 2008 00:34:28 +0000 http://www.mydollarplan.com/?p=532#comment-4677 This is my first time here, and I want to say congrats! I would also love to read more about your strategies. I think that one parent leaving the workforce can definitely be worthwhile. This was a very detailed and informative post, thank you for that. You are giving me inspiration (as a 23 year old) of what is possible. :) <abbr><em>Nathalie Lussier from Billionaire Woman’s last post: <a href="http://feeds.feedburner.com/~r/BillionaireWomancom/~3/383460520/" rel="nofollow">One Number That Has The Power to Change Your Life</a></em></abbr> This is my first time here, and I want to say congrats! I would also love to read more about your strategies. I think that one parent leaving the workforce can definitely be worthwhile.

This was a very detailed and informative post, thank you for that. You are giving me inspiration (as a 23 year old) of what is possible. :)

Nathalie Lussier from Billionaire Woman’s last post: One Number That Has The Power to Change Your Life

]]> By: Who Pays More Taxes? Problem Banks, Retirement Cash Flow http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4672 Who Pays More Taxes? Problem Banks, Retirement Cash Flow Thu, 04 Sep 2008 14:56:24 +0000 http://www.mydollarplan.com/?p=532#comment-4672 [...] Dollar Plan shares her new retirement lifestyle cash flow. As I quit my job early this year as well to strike out on my own as a self-employed blogger , [...]

[...] Dollar Plan shares her new retirement lifestyle cash flow. As I quit my job early this year as well to strike out on my own as a self-employed blogger , [...]

]]> By: On Simplicity » Blog Archive » Weekly Links: Blog Day Edition http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4657 On Simplicity » Blog Archive » Weekly Links: Blog Day Edition Wed, 03 Sep 2008 09:05:06 +0000 http://www.mydollarplan.com/?p=532#comment-4657 [...] My Dollar Plan discussed My New Retirement Lifestyle Cash Flow. Rarely do personal finance bloggers talk about their own finances with such candor, so this was [...]

[...] My Dollar Plan discussed My New Retirement Lifestyle Cash Flow. Rarely do personal finance bloggers talk about their own finances with such candor, so this was [...]

]]> By: Jack http://www.mydollarplan.com/my-new-retirement-lifestyle-cash-flow/#comment-4650 Jack Tue, 02 Sep 2008 22:45:49 +0000 http://www.mydollarplan.com/?p=532#comment-4650 That is crazy that childcare costs your family so much. I had no idea that things had gotten so expensive over the years. I mean $27,000 a year is a full-time job making $13 an hour. I can really see how cutting that expense is really going to help your cash flow. That is crazy that childcare costs your family so much. I had no idea that things had gotten so expensive over the years. I mean $27,000 a year is a full-time job making $13 an hour. I can really see how cutting that expense is really going to help your cash flow.

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