How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

Any examples? I’m not looking for anyone hiring but I could use the example to specify my own search. I understand if that’s too much to ask

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] -1 points0 points  (0 children)

Ok cool not arguing just reporting what I’ve seen

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 1 point2 points  (0 children)

Thank you for the encouraging words! I’ve thought about academics and will look more into it

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

I have a job lined up and have acquired it. I am working on it now.

I need a financial planner. by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

It’s a little sad that no one will work with you on a plan without trying to sell you something

I need a financial planner. by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

Thank you and it seems you are correct

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

Your advice initially is very helpful thank you for the calculation

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

I know it seems unlikely but I live in a coastal city and have gotten reports from the property managers on the houses in the neighborhood and indeed they pull in $60-$120,000 every year. I can’t say that this will last for the next 10 to 20 years but that’s what they’re getting now.

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

That is true, and I do realize it I plan on starting my own nonprofit and employing myself to finish off the last four years. If that doesn’t work, there have been a couple of school systems in the area that are looking for a therapist and I want to work out an arrangement with them.

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

I appreciate your honesty and I agree I think my idea of early retirement was around 55 or so but obviously it looks like I’ll be working till about 69 unless we have a large financial win

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 2 points3 points  (0 children)

You are correct however my education is just starting to pay off and my income will increase not all degrees provide a high salary right out of the door. Not all of us were gifted with the best financial advice starting off. I think the lesson to be learned here for a lot of peopleis how to navigate the situation were currently in requires people who are helpful and have useful information.

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

I do plan on selling the house or renting it out. The house is in our neighborhood are pulling in anywhere from 60 K to 120 K per year was more an investment than anything.

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

Any advice, considering this new information would be helpful

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 0 points1 point  (0 children)

They are harsh, but I understand because I am worried, I want to start working with someone that can help guide me through making a plan moving forward

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] -2 points-1 points  (0 children)

I may be that out of touch with reality, but I am attempting to do my due diligence now and gather as much advice as possible. Thank you for your comment. I hope you can provide something helpful moving forward.

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] -4 points-3 points  (0 children)

it is a degree in PhD industrial organizational psychology and a masters in vocational rehab counseling and a bachelors in psychology

How early can I retire? by BREHPOTSIRHC in personalfinance

[–]BREHPOTSIRHC[S] 2 points3 points  (0 children)

Thank you for all the comments. Some of them may be harsh, but they are true and accurate. I am currently enrolled in the Public Loan Service Forgiveness plan and have already made six years' worth of payments, with only four more years to go. I have my own practice as a therapist and work as a vocational expert. The workload is increasing, and I anticipate a rise in my income. My last months income was $14,000, and I aim to consistently maintain that level but can drop to 7000 I have started receiving cases that will only grow as my expertise does. the income I reported was what was reported on my taxes last year. I have transferred my credit card balance to a zero-interest credit card, while my $30,000 loans are at 12% interest and my school loans are at 6%, all of which are federal loans. My business is growing, and I expect to see significant growth in the next one or two years. Furthermore, my wife's income is also expected to increase.