Continue Working, or Quit All-Together ?

[Charlie]

Originally Posted by FxdGrMind

"Quit work??? are you nuts".. "we worked untill we were 71".. "You can't possibly"... " Wake up Mr"... "stop dreaming and grow up"...

I don't need much and I will have saved enough for the boat and a nice nest egg to manage and live off of. All else will be paid in full over a year before I Quit work (18 months off)...

But the recent events, such as the BP oil issue, Market turmoil, Euro and $ instability, Governement overspending and my little voice in my head is screaming at me saying this is 1980 all over again.. Inflation will reach double digits by the time you hit the seas...
Ok, I'm gainfully employed and an additional year would add to the Pirate Chest by 20%... and every year after it would grow by nearly 30%.

So how do you determine... the BINGO... date?

If you have a nice nest egg, inflation of double digits should be welcome. In 1980 I thought that if I had a million dollars I would never have to work again. 10% return on $1m is $100k per year. Now you get 2% or less and with $1m in the bank that isn't enough to live comfortably (in Kalifornia). On a boat I could do it though. As long as it was paid for.

"I'd rather die when I'm living then live while I'm dead," Jimmy Buffet

[delmarrey]

A job is what you do to mostly benefit someone else!

To quit a job usually creates envy.

To cruise is an education where mostly cruisers benefit and harms no one else.

To collect unnecessary items (materialism) only puts a load on the environment and supports the product pushers/Exects. (bad as drugs) and/or the governments of undeveloped countries using almost slave labor.