Comments on: Your Money or Your Life: The Power of Working for a Finite Period of Time http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/ Simple, applicable personal finance advice for the modern world Sun, 22 Nov 2009 02:24:13 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Firozali A.Mulla MBA PhD http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/comment-page-1/#comment-97677 Firozali A.Mulla MBA PhD Wed, 31 Oct 2007 02:05:39 +0000 http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/#comment-97677 Sir. Wednesday, October 31, 2007 paper state the dollar I see over valued Sir. Wednesday, October 31, 2007 paper state the dollar I see over valued

]]> By: lorax http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/comment-page-1/#comment-94309 lorax Fri, 26 Oct 2007 02:57:54 +0000 http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/#comment-94309 Little known fact: Peter Lynch actually still works at Fidelity, although only part time. He's a philanthropist too... he's almost the polar inverse of Donald Trump. The "finite" time seems pretty long to me. When I first read this book (a number of years ago!), I was hoping it would be five years. That nasty dot com bubble set that back. I guess trees really don't grow to the sky. But I am playing with something similar to Trent's ideas. It would be nice to switch to part time work, and be home during the summer. With the extra income, we might be able to swing that. Little known fact: Peter Lynch actually still works at Fidelity, although only part time. He’s a philanthropist too… he’s almost the polar inverse of Donald Trump.

The “finite” time seems pretty long to me. When I first read this book (a number of years ago!), I was hoping it would be five years. That nasty dot com bubble set that back. I guess trees really don’t grow to the sky.

But I am playing with something similar to Trent’s ideas. It would be nice to switch to part time work, and be home during the summer. With the extra income, we might be able to swing that.

]]> By: rebecca http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/comment-page-1/#comment-93926 rebecca Thu, 25 Oct 2007 16:44:21 +0000 http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/#comment-93926 donna, I agreee. Health care is the major thing keeping me at my job. But I'm fortunate that I have a 20hour a week job with health care benefits. It's also a field I enjoy (though my current position isn't my first choice). My goal when hitting retirement or a crossover point is to demote to a job with less responsibility that I find more fun --while keeping those health care benefits. donna,
I agreee. Health care is the major thing keeping me at my job. But I’m fortunate that I have a 20hour a week job with health care benefits. It’s also a field I enjoy (though my current position isn’t my first choice). My goal when hitting retirement or a crossover point is to demote to a job with less responsibility that I find more fun –while keeping those health care benefits.

]]> By: Donna http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/comment-page-1/#comment-93855 Donna Thu, 25 Oct 2007 15:02:33 +0000 http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/#comment-93855 I can't help but wonder where health insurance comes into the picture. Gone are the days were it was a nominal expense. These days a policy for a family of 4 with some basic medical issues can easily run over $1000 - which is twice my mortgage payment! You can retire early but you pay for it dearly in the cost of health care - and at the time in your life where it is very expensive, you are older but not yet Medicare eligible. And, then when you can get Medicare you still pay for Part B, Part D and Supplement coverage which is easily half of your SS check.... I can’t help but wonder where health insurance comes into the picture. Gone are the days were it was a nominal expense. These days a policy for a family of 4 with some basic medical issues can easily run over $1000 – which is twice my mortgage payment!

You can retire early but you pay for it dearly in the cost of health care – and at the time in your life where it is very expensive, you are older but not yet Medicare eligible. And, then when you can get Medicare you still pay for Part B, Part D and Supplement coverage which is easily half of your SS check….

]]> By: Peter http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/comment-page-1/#comment-93824 Peter Thu, 25 Oct 2007 14:19:04 +0000 http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/#comment-93824 I love that Peter Lynch quote. It's important to me to be able to look back on my time and feel I've been living my own life for my own reasons and not for someone else's. Live for the journey not just the destination. I love that Peter Lynch quote. It’s important to me to be able to look back on my time and feel I’ve been living my own life for my own reasons and not for someone else’s.

Live for the journey not just the destination.

]]> By: Firozali A Mulla MBA PhD http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/comment-page-1/#comment-93794 Firozali A Mulla MBA PhD Thu, 25 Oct 2007 13:28:30 +0000 http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/#comment-93794 Today 25th October I see the dollar dwindling in circles. There is no chance the dollar will come up now as the Far Eastern economies are bettering the American dollar not just on the currency field, but the skies see the Chinese and Russian satellites after many year . Do not know if we are back to the era of Mao kike years but the dollar is definitely out for some time. Seems bad but that is the fact American will have to live with. I think the downfall was mostly because of the Iraq war and no oil or no QWMD. I thank you Firozali A.Mulla MBA PHD P.O.Box 6044 Dar-Es-Salaam Tanzania East Africa Today
25th October I see the dollar dwindling in circles. There is no chance the dollar will come up now as the Far Eastern economies are bettering the American dollar not just on the currency field, but the skies see the Chinese and Russian satellites after many year . Do not know if we are back to the era of Mao kike years but the dollar is definitely out for some time.
Seems bad but that is the fact American will have to live with. I think the downfall was mostly because of the Iraq war and no oil or no QWMD.
I thank you
Firozali A.Mulla MBA PHD
P.O.Box 6044
Dar-Es-Salaam
Tanzania
East Africa

]]> By: Brip Blap http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/comment-page-1/#comment-93571 Brip Blap Thu, 25 Oct 2007 02:26:26 +0000 http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/#comment-93571 I've heard that quote that Lynch gave about "nobody wishes on their deathbed they'd worked more" before. I wonder if it was original to him - probably not. I think focusing on a crossover point is what gives you the power to achieve "crossing over". It may seem like a ridiculously remote idea at the moment you imagine it for the first time, but setting a goal and aiming for it are critical. I’ve heard that quote that Lynch gave about “nobody wishes on their deathbed they’d worked more” before. I wonder if it was original to him – probably not.

I think focusing on a crossover point is what gives you the power to achieve “crossing over”. It may seem like a ridiculously remote idea at the moment you imagine it for the first time, but setting a goal and aiming for it are critical.

]]> By: Minimum Wage http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/comment-page-1/#comment-93569 Minimum Wage Thu, 25 Oct 2007 02:23:20 +0000 http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/#comment-93569 Stuff like this seems very pie-in-the sky to me. The authors don't say anything about being stuck indefinitely doing something you hate because it pays so poorly that you can't save up enough to quit. Stuff like this seems very pie-in-the sky to me. The authors don’t say anything about being stuck indefinitely doing something you hate because it pays so poorly that you can’t save up enough to quit.

]]> By: FinanceAndFat http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/comment-page-1/#comment-93430 FinanceAndFat Wed, 24 Oct 2007 22:14:00 +0000 http://www.thesimpledollar.com/2007/10/24/your-money-or-your-life-the-power-of-working-for-a-finite-period-of-time/#comment-93430 This is a very cool chapter and I love the Peter Lynch quote too. His books are great and he is clearly a person who 'gets' what work is for. I haven't thought too much yet about what I would really do when reaching that point. Maybe it still seems a bit too far off, but I'm starting to move in that direction. This is a very cool chapter and I love the Peter Lynch quote too. His books are great and he is clearly a person who ‘gets’ what work is for.

I haven’t thought too much yet about what I would really do when reaching that point. Maybe it still seems a bit too far off, but I’m starting to move in that direction.

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