Scubaboy: I have been an entrepreneur most of my life and have made good money. However once this RV does finally happen I will have "ABSOLUTELY NO PROBLEM WHAT SO EVER" retiring completely. Granted, my wife is younger and wants to run our property management business but as for me... an hour a month is plenty for me.
I can think of plenty of things to keep me busy, most of them having to do with things above and below the water. I see a few 4 wheeled vehicles in my future as well.
So, I"m curious.... How many of you are leaning towards "TRUE" retirement or you just cant see yourself doing that and will have to run a business of some sort.
Either way, depending on what you do, if you want to find me look for the boat named ScubaGoober!!!!!!! I'll be the goober with the big smile on my face, and a plate of fresh ahi tuna with soy, ginger, and wasabi on the side! Not to mention another half dozen air tanks ready to be used as i prepare to say goodbye to the above water world for another hour or so... i do have to admit however I won't mind coming back up from the deep as much as I used to now that I won't be deep in debt!!
Jim32: Scubaboy......many will retire. Most, I feel, will not stay retired. By reading your comments I can see you will do things right. You will stay retired and enjoy life. The downside to this RV for many will be having so much money, and having it so quickly. I know some have been on this ride many years. Most have not. While waiting has been mentally taxing, when the RV becomes reality, most will forget about that, and only see MONEY.
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Many people will find themselves with wealth that takes, as a rule, a lifetime to achieve. This coming RV is a true life fairytale. Finding the pot of gold. Dan and Tony do their best to warn people about spending recklessly, but most still will. Easy come, easy go. I know some will argue and say this hasn't been easy, but in reality, it has. Invest, do nothing but wait.
Let the RV follow it's course, and then cash in. All we really have to do is wait. I sincerely wish most would display business skills as you have shown, but that's simply not how it will be. Tony said once about a year ago, " I'm telling you guys, when you see all that money in your Bank account, it will change you. You may not think it will, but believe me, it will." That's the voice of experience.
I know personally, when I was young, making very good money, I spent every year, every nickel. Man did I have the toys. My Dad, back then, told me not to spend it all. Put some back for a rainy day. I felt it would last forever. Easy come...Easy go. As usual, Dad was right. Most, like me, must live it, and make the mistakes. It's too bad we can't have two RVs. The 2nd one, I'm sure, would be managed better.
GRIF:ScubaboyWill I retire? To me the RV means Freedom. Freedom to do anything I want, with anyone, anywhere, for any length of time. It means I can spend all the time I want to with my family anywhere in the world. We can explore and experience as much or as little as we want without the restriction of time due to job related issues (vacation time etc).
It means being financially free, without worries, as long as I stay within my current income from investments.We will have a few businesses to keep us busy in "slow" times, but we will have others running the day to day operations.
So will I retire, heck ya, as soon as the Deposit slip has lots of zeros on it, with my name I'm done! We talk about how we want this ride to be over, when this RV's the ride will just be getting started.......................
Moneycoach: Managing money and the growth of that money will be a full time job.
For me it is about legacy building and creating more of what has been
given. Training my kids to do the same will also take up lots of time.
SNAILS: Those that think retiring will be boring are wrong. You will be very active keeping track of your wealth to keep it and grow it. It will be more fun than working but you won't truly be retired the sense of the word. I always want to have my hands in everything.
DolphinLady: I definitely do not plan on working anything that resembles any job from the past. However, there will be a learning curve to get comfortable with how to manage my new found wealth to ensure that it lasts and I won't become one of those statistics.
First I will have to learn how to 'trust' again to find the right asset managers to guide me or that I can learn to feel comfortable enough to entrust funds to.
I want to make new friends, yet I first need to learn how to discern who are my friends because of me vs my money and how to make sure I know the difference. Then I'd like to travel with some of those new-found friends.
Like HealthExplosion1 mentioned, I have started watching "Secret Millionaire" and suggest that if you are not familiar with the show that you tune in as I believe it will give you some ideas. I don't necessarily want to set out on a week's journey, or even a month's journey with that specific intent like they portray on the show. I feel that along my path of life's new discoveries that individuals, groups or organizations I can help will be revealed to me. Being open to that should make the journey more interesting and exciting.
Retirement to me means having the FREEDOM to do what I want to do when I want to do it and with whom I choose... and if I choose to do nothing for a period of time that too is OK.
CORYALAN: I'm excited about this coming to be. Not to retired, but get busy. Yes I will enjoy the better things, relax and enjoy time with friends - but I want to get busy, and do all I can. Between my business and investment plans, plus starting or overseeing a couple charities - I will blissfully busy and require wonderful vacations and tennis retreats to re-charge my batteries - so I can do more of it. As I draft out my plans (business) I can see how I will immediately impact dozens of people in a positive way. That will make it all worth it, and fun in the process!
TaTop: Thanks HealthExplosion and dolphinlady for recommending Secret Millionaire. I just watched three episodes online and was really inspired. We're really eager to start sharing our dinar exchange money. What we contribute now will look like a mere drop in the bucket. Like lots of PTR members, we are really chomping at the bit to get started. It'll be great to have enough money to fund a more secure retirement, and we don't have billions of dinars, but we have enough to put a big dent in the shortfall of a bunch of organizations.
Can you imagine how this group and members of all the other dinar sites are going to change the ability of Wounded Warriors and lots of other veterans organizations to help veterans and their families?!!!!! Hurry up, RV!!
BarryG: Retire? I don't think it will be called retirement. If we have an RV of any decent amount, we will have a lot of money to deal with. With a large sum of money comes a large responsibility. We will need to set up accounts, research accountants, wealth managers, investments, new vehicles, homes, LLC or Trusts, etc. I will do my own research as I need to be in control. Think about it, most of us will be required to run our own "multi million dollar companies. Although I have been an entrepreneur, this will be different and require new knowledge. I don't think it is called retirement!
[Nameless56] I was just thinking -- moving into a richer community so as not to draw attention to yourself is smart. But you need to have a story for your new neighbors. Some of them may be looking for a new opportunity
[Investorchick] Nameless56 tell em you made your $ with Amway
[paradisegirl] Investorchick lol and then invite them to join - they will run a mile!
[Nameless56] Investorchick LOL thats it! lol
[Investorchick] paradisegirl Nameless56 yup! Seriously we have to think of answers before thos questions get asked
[Nameless56] Investorchick alot of these folks dont have the cash they appear to. Some are very money oriented -- have to watch yourself
[sunny] Nameless56 Plausible Stores: inherited from uncle: Uncle Sam that's who. Invested in TX. oil. Made a smart investment. Found gold coins while vacationing in Fla. Came into a Trust. Come on gang. What's some other's
[paradisegirl] Investorchick hmmmmm......could just say you made an investment in land that was full of light, sweet crude, and with the new extraction techniques, it could finally be accessed. lol
[Investorchick] Nameless56 yes I agree. They will make you a target
[Nameless56] sunny Really its best to sound like your cash is tied up
[paradisegirl] sunny sunken treasure?? lol
[sunny] Nameless56 Oh, mine will be. My financial advisor has to Okay all transactions.
[angel] I for one do not owe a soul an explanation as to why I may come into money, but will smile sweetly and say, I invested wisely. If the ask what or when , I will say, private info.
[bryan1972] sunny or you could say" Oh I didnt tell you?" Well I guess that means its none of you D!@# business.
[sunny] paradisegirl Then their's the lost gold mine in the Superstition mountains in AZ. You could say you found that. Or Montezuma's secret valley with hordes of gold. Or the Mayan cave with plates of gold. :smileymoney: :superlachen:
[Nameless56] angel Moneied people that Ive known make money their favorite subject -- just saying
[sunny] bryan1972 Well, evasive just makes people more curious. Give them anything plausible and they back off. Land is another cover story. You had land that became valuable. I had friends in Wy bought acres for 50 cents. 10 years later sold it for $1 million for a shopping center.
[paradisegirl] Serendipity I'm going to use cash at restaurants and for in-person shopping post rv
[paradisegirl] the account that I use for online purchases will have a very small balance
[whitelions] sunny Nameless56 I'm planing on investing in a bis. I've wanted for a long time and thats how people will know how I make my money
[Investorchick] angel when our family had money we never flaunted it but on vacation we went hog wild!
[paradisegirl] Serendipity I also use the gift cards when I travel
[sunny] whitelions There you go! Great idea to employ others and great cover.
[Investorchick] angel you only need so much "stuff" but to have family fun time is priceless!
[Nameless56] whitelions I will be in silver and real estate -- looking for ways to help
[sunny] I live in TX. Oil is an easy cover if your from TX. I'm 70 and don't want to start a business. Just do random acts of kindness and enjoy my golden years.
[bryan1972] sunny That is true, I would suggest just to blend in, Its not real hard this day and time, there are so many people that struggle and live above their means. Just blend in with them, No one has to know all your stuff is paid off!
[Investorchick] angel I think once this is done and we're on the trips of our dreams I hope we take a moment and look back and remember to be grateful for the opportunity we've had and please do research on your investments!!!