Though my personal experience is that I really missed being productive for other people, and have decided to expend effort doing useful things for others (create the value that I want to create, on my own timetable and terms - largely an intersection of benefiting both others and myself.) It took me 2-3 years of not working to come to that decision, and it seems typical of people who retire. But even knowing that, I still had to see for myself. I expect you too. Of course, it's quite possible to just do that in the first place (I didn't.)
How do I become a self-sufficient old man in a shack?
41–50 of 98 posts
Re: How do I become a self-sufficient old man in a shack?
#42Re: How do I become a self-sufficient old man in a shack?
#43Great question. I think more passive income is required for food etc. eg. my rule of thumb $1,000 invested will bring in about $1-2 per week; or, some businesses you own can (theoretically) provide passive income, but in practice it's not totally passive (1 hour per day is quite reasonable though.) But both sources will require more work to setup in the first place, to create the "asset". Another option is part-time…
Re: How do I become a self-sufficient old man in a shack?
#44Re: How do I become a self-sufficient old man in a shack?
#45Earlier quoted context omitted.
The minimum for me . I want in-home internet access for the rest of my days, and of course cover taxes and some other minor luxuries like coffee and ammo. Again, it all depends on what you require and how you want to live. Even if I started out with nothing, with $100k I could probably buy a place outright (a truly run-down shack, mind you) and still have enough to bootstrap myself into life-long self-sufficiency(exc…
ammo?
Re: How do I become a self-sufficient old man in a shack?
#46Earlier quoted context omitted.
The minimum for me . I want in-home internet access for the rest of my days, and of course cover taxes and some other minor luxuries like coffee and ammo. Again, it all depends on what you require and how you want to live. Even if I started out with nothing, with $100k I could probably buy a place outright (a truly run-down shack, mind you) and still have enough to bootstrap myself into life-long self-sufficiency(exc…
ammo?
Nothing fancy, just a .22 rifle and a 12-gauge shotgun with a good supply of rounds for each, two of the most humble and versatile firearms one can own.
Re: How do I become a self-sufficient old man in a shack?
#47Earlier quoted context omitted.
So is $100k and whatever you already own the minimum you would say this it's possible to do this with?
The minimum for me . I want in-home internet access for the rest of my days, and of course cover taxes and some other minor luxuries like coffee and ammo. Again, it all depends on what you require and how you want to live. Even if I started out with nothing, with $100k I could probably buy a place outright (a truly run-down shack, mind you) and still have enough to bootstrap myself into life-long self-sufficiency(exc…
Re: How do I become a self-sufficient old man in a shack?
#48One of my friends lived on $100 a month in China. Out there your 10k should get you 8 years and 4 months of living in Beijing. You certainly could last much longer in the countryside.
You can supplement your money by teaching English.
Re: How do I become a self-sufficient old man in a shack?
#49Commit a felony and go to jail. That will meet most of your requirements. You will probably be paroled early, so commit additional felonies as required.
Oh, by "escape the system" i meant escape the system we create here, as in keep my freedom, not be incarcerated, not be prevented from having sex or children for the rest of my life, etc.
Re: How do I become a self-sufficient old man in a shack?
#50What about living in a different country? One of my friends lived on $100 a month in China. Out there your 10k should get you 8 years and 4 months of living in Beijing. You certainly could last much longer in the countryside. You can supplement your money by teaching English.