Personal Finance

What is retirement to you?

  • Last Updated:
  • Aug 9th, 2017 8:15 am
[OP]
Deal Addict
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Dec 13, 2016
3573 posts
3054 upvotes

What is retirement to you?

I moved out of Canada at the age 39 with certainly NOT enough money to retire.

However, I have been working 1 hour a day and have a monthly income of $1500 - $2000 and no expenses with is great for Thailand.

I have been working 1-2 hours a day since the age of 27 when I got fired from the job.

So, did I really retire at the age of 27? I certainly never experienced 9-5 (or 7-7 including the public transport) grind in decades.

I don't have a bank of mom and dad and never did. I have no other income whatsoever. What I earn is what I get. However, I do have the same amount of free time as a retired person.

So, what is the definition of retirement?
24 replies
Deal Guru
Dec 11, 2008
10024 posts
1501 upvotes
BiegeToyota wrote: I moved out of Canada at the age 39 with certainly NOT enough money to retire.

However, I have been working 1 hour a day and have a monthly income of $1500 - $2000 and no expenses with is great for Thailand.

I have been working 1-2 hours a day since the age of 27 when I got fired from the job.

So, did I really retire at the age of 27? I certainly never experienced 9-5 (or 7-7 including the public transport) grind in decades.

I don't have a bank of mom and dad and never did. I have no other income whatsoever. What I earn is what I get. However, I do have the same amount of free time as a retired person.

So, what is the definition of retirement?
Will you be able to afford a lifestyle you want when you are unable to work?

Do you get to choose when to work and could you choose to stop working altogether?

I think that is the definition of retirement to me.
Sr. Member
Oct 11, 2010
965 posts
305 upvotes
Charlottetown
retirement = financial freedom. Being able to afford a certain lifestyle for the rest of ones life without needing to work (even 1 hour a week) to sustain it.
Sr. Member
Mar 23, 2016
821 posts
225 upvotes
jfall wrote: retirement = financial freedom. Being able to afford a certain lifestyle for the rest of ones life without needing to work (even 1 hour a week) to sustain it.
Agree it's financial freedom, and also a long(er) term financial freedom.
*Faux transparency / censorship warning for RFD*
Sr. Member
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Oct 19, 2016
650 posts
204 upvotes
Toronto
Retirement to me is #FAKENEWS

Its a term invented by the powers to be to enslave the masses.
Penalty Box
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Jul 11, 2008
4368 posts
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Away from RFD idiots
so you retired at age of 27? u a millionaire?
..
Sr. Member
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Oct 19, 2016
650 posts
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Toronto
OP is working 7 hours a week.. thats pretty much like retirement.. He doesnt have to be a millionaire.
mathiewannabe wrote: so you retired at age of 27? u a millionaire?
Deal Addict
Oct 18, 2014
1950 posts
848 upvotes
HK
It's all relative.

I used to go to BKK quite often, however I would not enjoy living there with only $2k/month. Work has got me accustomed to a certain level of standard (Dusit Thani, Vertigo, Cirroco etc). My definition is to be able to maintain my current lifestyle (e.g. travel where/when I want in comfort).
Sr. Member
Aug 7, 2014
563 posts
235 upvotes
Retirement can mean some or all of the following:
- goodbye tension, hello pension
- long lunch and coffee breaks
- no alarm clock, no commute, no problem
- start a life like taking a vacation to las vegas, enjoying it to the fullest, but not so full that you run out of money
- doing what you want, when you want
- do things that you enjoy more, e.g., travel, fishing, gardening, etc.
- play with grand kids
- happy, relaxed, carefree, content, rested, smiling
- 7 days of weekends
- sit back and give advice to others in Redflagdeal forums, even tho you didnt follow it in your life

------------
"Beautiful young people is accident of nature. Beautiful old people is work of art."
Deal Addict
Jul 27, 2017
2180 posts
938 upvotes
@psudolam...all of that +1

As a 70 year old retired person that reached FI at age 27 yet worked contented all the way to age 63, I am one of in the following group of people...

- living in a carefree safe & healthy environment of what I consider to be the best country to live in
- staying healthy, moderately active in the company of loved ones, everyone else can pi$$ off
- all vitals are within the range for my age - all intact BMI, CBC, BP, cholesterol, physical & mental abilities
- definitely not working, even part time or doing a side hustle.
- not answerable to anyone for anything or about anything
- zero stress & I mean zero. If there is any, even the slightest, just a little, then I walk away from it
- 100% guaranteed income that is (minimum) 2x time all-in YOY living expenses from wherever or whatever an/or enough cash that will last minimum 20 years of expenses living in Canada
- the means to come & go to wherever, whenever without thinking about others or the when or how.
Last edited by Guest37273939 on Aug 7th, 2017 10:55 am, edited 1 time in total.
[OP]
Deal Addict
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Dec 13, 2016
3573 posts
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McKinsey wrote: It's all relative.

I used to go to BKK quite often, however I would not enjoy living there with only $2k/month. Work has got me accustomed to a certain level of standard (Dusit Thani, Vertigo, Cirroco etc). My definition is to be able to maintain my current lifestyle (e.g. travel where/when I want in comfort).
I visit all these hotels for free on my credit card points. I will be staying at Hilton Sukhumvit 24 this weekend just for kicks (or rather to maintain my Diamond status through 2018).

My wife also gets discount o hotels through her employers.

Hotels are dirt cheap here.... it's not exactly a glamorous lifestyle.
mathiewannabe wrote: so you retired at age of 27? u a millionaire?
Not even close.
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Apr 23, 2009
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Whatever you are doing is apparently working for you . Besides, your market crash bet might handsomely payoff to sweeten your retirement Winking Face
BiegeToyota wrote: I moved out of Canada at the age 39 with certainly NOT enough money to retire.

However, I have been working 1 hour a day and have a monthly income of $1500 - $2000 and no expenses with is great for Thailand.

I have been working 1-2 hours a day since the age of 27 when I got fired from the job.

So, did I really retire at the age of 27? I certainly never experienced 9-5 (or 7-7 including the public transport) grind in decades.

I don't have a bank of mom and dad and never did. I have no other income whatsoever. What I earn is what I get. However, I do have the same amount of free time as a retired person.

So, what is the definition of retirement?
Deal Addict
Oct 18, 2014
1950 posts
848 upvotes
HK
BiegeToyota wrote: I visit all these hotels for free on my credit card points. I will be staying at Hilton Sukhumvit 24 this weekend just for kicks (or rather to maintain my Diamond status through 2018).

My wife also gets discount o hotels through her employers.

Hotels are dirt cheap here.... it's not exactly a glamorous lifestyle.



Not even close.
I wouldn't classify them as dirt cheap, relatively to NyC sure. I still find life in BKK more glamarous than Toronto, perhaps I like my sky bars too much :)
Banned
Jul 18, 2016
2014 posts
780 upvotes
Don't you actually have to spend a few years working before you take retirement? It kind of sounds like your career never really got started.

Don't get me wrong; I'm not criticizing. I think retirement is actually very personal. Every person has a different concept of what retirement is. For my dad, he just reduced his work load at his current position, however he loves his work and career and I don't see him ever fully quitting unless his brain goes, or he becomes physically unable.
Deal Addict
Jul 27, 2017
2180 posts
938 upvotes
BiegeToyota wrote: I visit all these hotels for free on my credit card points. I will be staying at Hilton Sukhumvit 24 this weekend just for kicks (or rather to maintain my Diamond status through 2018).

Hotels are dirt cheap here.... it's not exactly a glamorous lifestyle.
Retire to Thailand, you must be joking?

With that, are you saying the $140+Cdn/night is cheap even at the "Hilton Sukhumvit 24"

On cheap. Can you get a 4 star hotel for $25Cdn/night in Thailand?

And what about the rating the safety & the cost of healthcare eh!

Any recommendations?

edit: maybe the $50cdn/night at the 'Raming lodge' in chaing mai?

or the 'Thai house beach resort' in Krabi in the south region at only $13cdn/night?

then the Jirapon Hill at the Patong beach, Phuket Island for $17cdn/night?

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