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Originally Posted by Unregistered
High powered couple in finance, 54 & 55 yo. Son working overseas. Living in a penthouse condo, owns two conti cars. Debt free. We plan to retire next year. Our passive income alone is now much more than our expenses.
Once we retire, we will reduce our expenses such as selling away one car. We are ok with these adjustments as we value our free time much more. We have prepared our retirement activities schedule to keep ourselves fully occupied minus the office stress and nonsense.
First, we will take a world tour over a few months, visiting countries and cities as tourists (not as corporate warriors rushing from meetings to meetings). Then we will go back and relax for a while. We will take up new hobbies and volunteer our expertise in charitable organisations. We will spend more time in our condo swimming pool and gym too.
Life is good if you are financially independent and if you are a fun and active person. Being millionaires helps too  |
Retired rich is not just depends on how much you have now, rather it relates to how much you can afford to spend and sustain the lifestyle that suit you.
If you enjoy playing golf in different golf courses all over the world while still in your full employment/ business engagement, can you still maintain the same lifestyle throughout the rest of your life? If you need two cars right now, will you be comfortable to share just one car with your wife? Passive income more than expenses right now is definitely commendable, how about factor inflation at home and abroad?
Don't forget Iron Mike was multi-millionaire while still active in the ring, but now.........