Sell These Five Things BEFORE You Retire

Comments · 719

• JU

  @justjonoutdoors · 1 year ago

  I don’t want a boat — I want a friend with a boat…

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• MA

  @marygillespie2028 · 1 year ago

  Through 40 years of marriage, we rented a beach house nearly annually. Owning our own was a dream.<br>After hubby retired, we had the cash and got serious about it - and realized it would be a dumb decision.<br><br>We continue renting a beach house as needed, and maintaining it is the owner&apos;s problem, not ours!

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• KE

  @kennethwers · 1 year ago

  A boat is a hole in the water that you throw money into.

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• ST

  @stardust949 · 1 year ago (edited)

  SOME of us have had to live frugally even while working and earning---and have never had (or even truly wanted) all of the above. &nbsp;We own our home (paid off years ago) and have two nice, working cars (nothing flashy), live in an area we love, have our family events, kids all grown up and a grandchild, and we do take a few little trips now and again---but some of the Greatest &quot;money saving&quot; devices are feeling connected to God, being creative, and being contented and grateful for what we have. &nbsp;Simple Pleasures. &nbsp;😉 Learn to GARDEN!!

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• CO

  @coolramone · 1 year ago

  1. High End Sports Car <a href="https://www.youtube.com/watch?v=3R6vDT2STYY&amp;t=108">1:48</a> &gt;$10k/year<br>2. Offshore Fishing Boat <a href="https://www.youtube.com/watch?v=3R6vDT2STYY&amp;t=378">6:18</a> $15k/year<br>3. Motor Home <a href="https://www.youtube.com/watch?v=3R6vDT2STYY&amp;t=533">8:53</a> &nbsp;$10k/year<br>4. Large Estate Style Home <a href="https://www.youtube.com/watch?v=3R6vDT2STYY&amp;t=700">11:40</a> $10k/yr<br>5. Unused Time Share <a href="https://www.youtube.com/watch?v=3R6vDT2STYY&amp;t=812">13:32</a> &nbsp;$10k/year maintenance fees

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• BD

  @bdcochran01 · 1 year ago

  I am 78 years old. &nbsp;Everything you say is accurate. <br><br>I freely acknowledge that I am not the brightest crayon in the box. &nbsp;However, I deliberately avoided those 5 purchases. &nbsp;As a result, I am retired with no credit card debt, no car debt or deferred maintenance, and a house. &nbsp;The house is old and in move-in condition. &nbsp;I clean it. &nbsp;You can buy the new home two doors down. &nbsp;It is listed for $6.4 million. &nbsp;The new house at the end of the block is rented out for $15,000 a month. &nbsp;My total monthly house payment, including taxes and insurance is $1000 a month!

  116

• JO

  @JohnDoe-xr5is · 1 year ago

  About 10 years ago, my wife and I were debating a 1) tow-able camper, or 2) just pay for cheap hotels. &nbsp; The camper would have been $15k (used), a tow vehicle would have been an extra $15k over the sedan I was going to buy. &nbsp;That&apos;s $30k...not including insurance, storage, gas, maintenance..even campsite fees. &nbsp;Divide that by $100 per night hotels, and that&apos;s 300 nights in hotels. &nbsp;The camper idea died quickly. &nbsp;Not to mention you&apos;re stuck at campsites.

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• ST

  @Stanleee-8 · 1 year ago

  I have been retired for five years now. Although I&apos;ve been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement

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• LE

  @leisure057blank3 · 1 year ago

  Yes, I have a &nbsp;Corolla LE. &nbsp;You just try and pry it from my hot little hands.

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• MJ

  @mjf1036 · 1 year ago

  I can have each and every one of these items, anytime I want. &nbsp;Simply Rent It. ❤

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• SC

  @scruffy4647 · 1 year ago

  What I found out about retiring is how busy I am. &nbsp;All the stuff I put off while working is now starring me in the face. &nbsp;The neat thing is that I can go at my own pace. &nbsp;No deadlines to contend with. &nbsp;The recreational stuff is there but I never made enough money to have things that&apos;s a real draw on my finances. &nbsp;Me and my pets are happy as can be. The real biggy is having good health. &nbsp; And for the most part, that&apos;s something you&apos;re in control of.

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• PA

  @parkerposey788 · 1 year ago

  The voice of reason ~ thank you for your wisdom Mr. Schmidt

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