The Dream

Jdesey said:
But... I have had a full time job now since graduating college for now over 33 years. I am 57 and feel that trading is what I want to do, and enjoy life.

Any advice is appreciated. I guess this is normal to feel this way.
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What are your retirement plans if you don't quit now?
 
Jdesey said:
I have finally after so many years of effort gotten to a level of success with trading. It has been a very long journey for sure, over 8 years.

Now here is the weird part. I have now been consistently profitable for over 8 months, which is a big deal. I am now making WAY more money swing trading than my sales job. I dreamed forever to quit sales after 30 years and trade. And now I am hesitant to pull the trigger. I have over over 4 years of living expenses saved up. I thought I would be so excited which I am.

But... I have had a full time job now since graduating college for now over 33 years. I am 57 and feel that trading is what I want to do, and enjoy life.

Any advice is appreciated. I guess this is normal to feel this way.
More...

I left the work force in 2018 at 32 years old. My earlier comment was A bit premature because you gave us little info to go off of. But the way I did it was this:

step 1: pay off all of your debt. (fuck Cardone, fuck Kiyosaki...they both will have the average person bankrupt with their love of debt).
step 2: have some type of income generating asset(s)...I got lucky here and fell into a crazy cheap deal. Rent houses are the most obvious choice although I do not like them...always more work and hassle involved than people think. I am in the storage business which i believe to be much much better than housing.
step 3: quit.

It really is that simple. but to break it down further...

Step 1: sell the unnecessary keeping up with the Joneses bullshit that you make payments on...Wife has a new tahoe because society expects it...you have a new boat or RV or $30k sideXside because "you deserve to have a little fun"...dumb. These things leave most people nothing more than what i call "broke at a higher level". Do not purchase anything you don't NEED. shoes (when you already have several pairs) and other dresswear, vehicle accessories (this kills younger people), eating out, leaving the lights on in vacant rooms, wife paying hundreds a month on hair and nails, stop EVERYTHING! Small waste adds up at the end of each year. Apply the savings towards paying off your highest interest debt first.

Step 2: once debt is paid for, save your fucking money. Poor people get money and do what with it? spend it on things that take money out of their pockets (liabilities). Rich people get money and do what with it? spend it on things that put money into their pockets (assets). So buy something that will put money into your pocket each month. Look for unique opportunities. Let family and friends know you are looking. My wife bought her first rent house through the grapevine for $20k cash...rented for several years and sold for more than she paid for it...carrying the note collecting payment+interest. Yes it was a crummy house but it still put money into her pocket reliably for years.

Step 3: Leave on good terms and smile letting the warm fuzzy feeling engulf you.
 
zghorner said:
I left the work force in 2018 at 32 years old. My earlier comment was A bit premature because you gave us little info to go off of. But the way I did it was this:

step 1: pay off all of your debt. (fuck Cardone, fuck Kiyosaki...they both will have the average person bankrupt with their love of debt).
step 2: have some type of income generating asset(s)...I got lucky here and fell into a crazy cheap deal. Rent houses are the most obvious choice although I do not like them...always more work and hassle involved than people think. I am in the storage business which i believe to be much much better than housing.
step 3: quit.

It really is that simple. but to break it down further...

Step 1: sell the unnecessary keeping up with the Joneses bullshit that you make payments on...Wife has a new tahoe because society expects it...you have a new boat or RV or $30k sideXside because "you deserve to have a little fun"...dumb. These things leave most people nothing more than what i call "broke at a higher level". Do not purchase anything you don't NEED. shoes (when you already have several pairs) and other dresswear, vehicle accessories (this kills younger people), eating out, leaving the lights on in vacant rooms, wife paying hundreds a month on hair and nails, stop EVERYTHING! Small waste adds up at the end of each year. Apply the savings towards paying off your highest interest debt first.

Step 2: once debt is paid for, save your fucking money. Poor people get money and do what with it? spend it on things that take money out of their pockets (liabilities). Rich people get money and do what with it? spend it on things that put money into their pockets (assets). So buy something that will put money into your pocket each month. Look for unique opportunities. Let family and friends know you are looking. My wife bought her first rent house through the grapevine for $20k cash...rented for several years and sold for more than she paid for it...carrying the note collecting payment+interest. Yes it was a crummy house but it still put money into her pocket reliably for years.

Step 3: Leave on good terms and smile letting the warm fuzzy feeling engulf you.
More...

Did you retire at 32 with a wife or kids?
 
zghorner said:
I left the work force in 2018 at 32 years old. My earlier comment was A bit premature because you gave us little info to go off of. But the way I did it was this:

step 1: pay off all of your debt. (fuck Cardone, fuck Kiyosaki...they both will have the average person bankrupt with their love of debt).
step 2: have some type of income generating asset(s)...I got lucky here and fell into a crazy cheap deal. Rent houses are the most obvious choice although I do not like them...always more work and hassle involved than people think. I am in the storage business which i believe to be much much better than housing.
step 3: quit.

It really is that simple. but to break it down further...

Step 1: sell the unnecessary keeping up with the Joneses bullshit that you make payments on...Wife has a new tahoe because society expects it...you have a new boat or RV or $30k sideXside because "you deserve to have a little fun"...dumb. These things leave most people nothing more than what i call "broke at a higher level". Do not purchase anything you don't NEED. shoes (when you already have several pairs) and other dresswear, vehicle accessories (this kills younger people), eating out, leaving the lights on in vacant rooms, wife paying hundreds a month on hair and nails, stop EVERYTHING! Small waste adds up at the end of each year. Apply the savings towards paying off your highest interest debt first.

Step 2: once debt is paid for, save your fucking money. Poor people get money and do what with it? spend it on things that take money out of their pockets (liabilities). Rich people get money and do what with it? spend it on things that put money into their pockets (assets). So buy something that will put money into your pocket each month. Look for unique opportunities. Let family and friends know you are looking. My wife bought her first rent house through the grapevine for $20k cash...rented for several years and sold for more than she paid for it...carrying the note collecting payment+interest. Yes it was a crummy house but it still put money into her pocket reliably for years.

Step 3: Leave on good terms and smile letting the warm fuzzy feeling engulf you.
More...
Congratulations on retirement from work. Enjoy your peace buddy.
 
"My wife bought her first rent house through the grapevine for $20k cash...rented for several years and sold for more than she paid for it...carrying the note collecting payment+interest. Yes it was a crummy house but it still put money into her pocket reliably for years".

I have bought and sold about 20 properties...Including about 15-20 notes and deeds of trust.

One of my favorites was a house I bought from an estate. $24,000...We had to get court approval. No one else bid on the thing. It had some wooden floors on the dirt type of thing.

The DAY it closed escrow, I put in 4 single guys in the place...Each paid $150. per month plus utilities. $600. income...And they did the lawn/shrubs.

About 3 years later I sold the house for about $30,000...No realtor. Guys left on time. I carried an note and deed of trust for 5 years...About 8% interest. It was amortized over 10 years...Balloon in 5.

Great income flow...Good profit and good interest payments.
 
Cabin1111 said:
"My wife bought her first rent house through the grapevine for $20k cash...rented for several years and sold for more than she paid for it...carrying the note collecting payment+interest. Yes it was a crummy house but it still put money into her pocket reliably for years".

I have bought and sold about 20 properties...Including about 15-20 notes and deeds of trust.

One of my favorites was a house I bought from an estate. $24,000...We had to get court approval. No one else bid on the thing. It had some wooden floors on the dirt type of thing.

The DAY it closed escrow, I put in 4 single guys in the place...Each paid $150. per month plus utilities. $600. income...And they did the lawn/shrubs.

About 3 years later I sold the house for about $30,000...No realtor. Guys left on time. I carried an note and deed of trust for 5 years...About 8% interest. It was amortized over 10 years...Balloon in 5.

Great income flow...Good profit and good interest payments.
More...
beautiful my man. gotta love those deals.
 
Jdesey said:
I have finally after so many years of effort gotten to a level of success with trading. It has been a very long journey for sure, over 8 years.

Now here is the weird part. I have now been consistently profitable for over 8 months, which is a big deal. I am now making WAY more money swing trading than my sales job. I dreamed forever to quit sales after 30 years and trade. And now I am hesitant to pull the trigger. I have over over 4 years of living expenses saved up. I thought I would be so excited which I am.

But... I have had a full time job now since graduating college for now over 33 years. I am 57 and feel that trading is what I want to do, and enjoy life.

Any advice is appreciated. I guess this is normal to feel this way.
More...

Or just wait until the question becomes a no brainer. If you’re not sure yet then wait until it becomes an evidence.
 
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