Mags FTW wrote:MikeIsGood wrote:jschligs wrote:I’m not joking when I say I want to retire by mid-late 40s so I can travel to all these places. **** working for the man. Just let me max out my earnings so I can peace out and take the wife and kids cool places.
Good luck (truly), especially with kids. Just had this discussion with my planner - I'm already planning on 60, so what would 55 or 50 look like. Even being in a pretty good place, it didn't go well for me

Probably possible, but not without a whole bunch of life changes that don't feel worth it. 50-65 is where your money really starts compounding for you, which makes sense obviously but not something I stop to think about often.
Yeah unless you are in the top 1%-5%, it's tough to do anything big with your children if you follow the Dave Ramsey types.
There is a balance where you sacrifice retiring 5 years later than you could have so that you can have family experiences while they are still kids. You aren't going to take them to Disney when you retire at 55 and they're in their 20s.
Just took my almost 5 yo kid to Tokyo Disney.... he hated it. Glad I did it over there where it was $250 for a family of four for tickets, tshirts, lunch, dessert. I don't know what I would have done if I dropped $1,500 in Orlando only to have him whine about the lines and be too scared to go on Pirate of the Carribean. We used points from CC SUBs paying daycare for the flights and hotels. He had more fun the day we spent hiking a mountain and $5 feeding monkeys or going to the free children's park with a giant pyramid slide with $2 ice cream cones. Obviously I'm being contradictory here with an international trip (which was more for me and the wife), but kids dont need the over manufactured experiences like Disney. Favorite memories with the kids have been camping, hiking, beach, and parks.
Im in accounting and my whole mindset is to have FIRE money by 50. I see way too many guys in their 50s that get let go and then have to bounce around with contractor jobs looking for employment to support their lifestyle. Rather retire in a small house getting a $1,300 MilCounty Golf pass and a membership to the Y and spend everyday golfing 9 before putzing around the gym instead sucking up to some 30-year-old senior accountant for a chance at full-time employment.
humanrefutation wrote:Funny, my wife and I decided to make these kinds of more involved international trips before we have kids - while we're still young and healthy enough to enjoy them.
Better to do it before kids because every kid is different, but dont hold back on international trips even with kids. My kid has been to Jordan, Mexico, Italy, Canada and Japan. You obviously have to move slower and miss stuff, but you can do some fun family trips.