Would You Want To Be A Millionaire?

[Free]

I've been crunching numbers and trying to decide if I could or should retire. My personal retirement account is pushing $800,000.00. Add to that the value of my home and other belongings and I am already a millionaire. Gee, I never really gave this a thought before. I have no problem with it because I do not get impressed with fancy things or high living lifestyles. I am capable of budgeting my finances over the long haul so having a million at my disposal doesn't present me with temptations I can't deal with.

My decision to retire is not an easy one. I find that strange because that is why I made the investments in the first place. Should I take that chance that my account will potentially last me 30 years? Is it time to move on and give someone else an opportunity to take my position? Am I being selfish for even considering retirement? Am I being selfish if I don't retire? These questions and more have been on my mind and I've been asking God for help in this matter.

What does the Bible say about retirement? ;)

 

[JohnDB]

I've been crunching numbers and trying to decide if I could or should retire. My personal retirement account is pushing $800,000.00. Add to that the value of my home and other belongings and I am already a millionaire. Gee, I never really gave this a thought before. I have no problem with it because I do not get impressed with fancy things or high living lifestyles. I am capable of budgeting my finances over the long haul so having a million at my disposal doesn't present me with temptations I can't deal with.

My decision to retire is not an easy one. I find that strange because that is why I made the investments in the first place. Should I take that chance that my account will potentially last me 30 years? Is it time to move on and give someone else an opportunity to take my position? Am I being selfish for even considering retirement? Am I being selfish if I don't retire? These questions and more have been on my mind and I've been asking God for help in this matter.

Well it's going to be an answer only you can answer.
Are there others who can take your place at work effectively? Have you been training them to do so?

Are you lined up with SS benefits?
Medicare supplemental?
Nursing home insurance?

Then the really big question:
What will you do with the extra time?
What do you have to look forward to doing when you don't have to earn an income?
Many men have a difficult time transitioning from work to retirement and end up with lots of health issues from sedentary lifestyles and depression from lack of purpose. (And yes, you need a long term ongoing project... something other than just hanging out here)

I know that I look forward to the day I don't have to earn an income because I can then work at what I love to do more. But it's going to look an awful lot like work that I do now.

 

[WIP]

What does the Bible say about retirement? ;)

Not sure. Maybe further study is in order. Retirement is a part of my compensation package.

 

[WIP]

Well it's going to be an answer only you can answer.
Are there others who can take your place at work effectively? Have you been training them to do so?

Are you lined up with SS benefits?
Medicare supplemental?
Nursing home insurance?

Then the really big question:
What will you do with the extra time?
What do you have to look forward to doing when you don't have to earn an income?
Many men have a difficult time transitioning from work to retirement and end up with lots of health issues from sedentary lifestyles and depression from lack of purpose. (And yes, you need a long term ongoing project... something other than just hanging out here)

I know that I look forward to the day I don't have to earn an income because I can then work at what I love to do more. But it's going to look an awful lot like work that I do now.

My thought is that I could step back and maybe put more time into volunteering or pick up a part-time job. Around here right now, there is absolutely no excuse to not have a job. There are wanted signs everywhere. I do some farming, which I would continue to do. I also enjoy outdoor activities such as fishing, hunting, and such and this would give me more time to enjoy those things. Maybe I could spend more time with my children and grandchildren.

 

[Corn Pop]

Not sure. Maybe further study is in order. Retirement is a part of my compensation package.

You could rent out the house and buy a camper and travel the nation. How great would that be. Meet lots of people around the nation and get to see the country and everything, perfect for early stage of retirement, and can share your testimony along the way. Lots of people going into retirement travel in campers. Not sure if you have seen it all but how great would it be to travel your own nation and see everything its a big place. WIP the nomad. Thats great.

 

[jasonc]

You could rent out the house and buy a camper and travel the nation. How great would that be. Meet lots of people around the nation and get to see the country and everything, perfect for early stage of retirement, and can share your testimony along the way. Lots of people going into retirement travel in campers. Not sure if you have seen it all but how great would it be to travel your own nation and see everything its a big place. WIP the nomad. Thats great.

Rvs cost new oh they can run up to 20000 grand.those are the driven ones.the trailer style can cost.you must recon the places that take rvs.it was not unusual to see these rv parks in my county.now we have maybe three or four.my wife lived in one as did i.my old trailer park allows rvs.

 

[Mike]

And when you have a lot of money most sincerely doubt their friends and family

So true and very insightful. There have got to be landmines to avoid every day when you come into sudden wealth. People you know feeling spurned when you don't assist them when they request help. I think you'd lose a fair amount of friends when they resent that you didn't agree to open up your wallet.

And to your point, having to question the motives of people who show an interest in you. I'd hate that.

I've said this in the past, so move on if you've heard it before. My wife's brother hit the lotto about 20 years ago for 2.8 million US dollars. It was the worst thing to happen to him and his now ex-wife. They took the 20-year annuity pay-off plan, and they squandered it so bad, they owed against the full sum within 3 years. Their marriage bottomed out in that time, and they divorced, and their kids don't talk to either one anymore.

He went gonzo for 3 years, and he's been paying off debt since with part of his paychecks by order of the court. That's rough when you're a simple maintenance worker at a private K - 8th grade school.

I'm the lone wolf that voted I'd be too afraid. Too afraid that I'd lose sight of what's important. To afraid of the illusion creeping in that I don't need the Lord.

 

[stovebolts]

Would you want to be a millionaire? It's actually a big responsibility. Many lotto winners squander it and get themselves into debt after having won the Lotto. The temptations would be big. I've thought about this before and I don't think that I'd want to be rich (here on earth). I can't manage money well enough. I can manage smaller amounts pretty good, but there's a big difference in managing small amounts and large amounts. People might not think so, but it's true. Being able to manage 2 to 4 grand per month is not the same as hundreds of thousands per month. They say that, anyone can be poor,. but one must learn how to be rich.

Hiring an accountant isn't the answer either. He'll teach you to be a prick with your money. (except with him! Lol!) We're not supposed to worry about tomorrow anyway. God knows our needs, and provides. Personally, I pray not for riches, but not poverty either. I don't even really play Lotto. Once in a great while when it gets way up there, I might spend a buck or two on it. I think maybe if I did happen to win it sometime, that I'd probably try to give it all away. That way, I couldn't get in trouble with it, and I'd probably be blessed for doing it, and helping people. Maybe go look up that church that helped me with food a couple times way back, and put a bunch in their hand. I think I'd have to do something like that to make myself safe from it. Philanthropist would have to be the coolest job in the world. We are here to be a blessing to others.

What about you?

It is aid that if you can manage a little, you can manage much.
I grew up dirt poor, and now I have much because God continues to bless our home in that regard.
Our income grew this year where we had to put $6,000 into a traditional IRA to lower our taxes, otherwise we would have paid an additional $2,500.
Living day to day with a higher income is easy as long as you always live below your means and stay out of debt. It's a pretty simple formula. In other words, if you have $10 to live on, you figure out a way to live on less than you have and you NEVER extend your credit to where your spending more than you make.

The hard part is managing your taxes.... what a wreck!

Btw, I often play the lotto. I would love to win the mega millions. There is so much I want to do for others.

 

[stovebolts]

I've been crunching numbers and trying to decide if I could or should retire. My personal retirement account is pushing $800,000.00. Add to that the value of my home and other belongings and I am already a millionaire. Gee, I never really gave this a thought before. I have no problem with it because I do not get impressed with fancy things or high living lifestyles. I am capable of budgeting my finances over the long haul so having a million at my disposal doesn't present me with temptations I can't deal with.

My decision to retire is not an easy one. I find that strange because that is why I made the investments in the first place. Should I take that chance that my account will potentially last me 30 years? Is it time to move on and give someone else an opportunity to take my position? Am I being selfish for even considering retirement? Am I being selfish if I don't retire? These questions and more have been on my mind and I've been asking God for help in this matter.

we purchased rental homes that generate an income month after month. As inflation increases, so will the rent. We did this so when I retire, we still have a means to generate revenue so the nest egg can sit for emergencies, or for legacy for our kids.
Funny, I always felt that my job was simply a means to be where God wanted me to be... to meet the people he wanted me to meet.

I would love to retire so I could do the things I wanted to do, like working with the homeless or those in need. But right now it's just not in Gods timing.

If you retired, what passions would you persue?

 

[Christ_empowered]

((I rambled...))

Short answer: yes, if I could manage to have the money and keep a modest, but comfortable, lifestyle.

Longer answer: having loads of $$$ or very little $$$ really alters one's personality and perception of reality. I suppose it'd be awesome to live a respectable, middle-middle class lifestyle but have $$$ available, should the need (mine or someone else's) arise.

 

[Kidron]

-
The truth is....if your money is wrong.....that is to say, if you dont have enough....then you live in stress.
Stress kills.

So, the right amount of money for you, is exactly enough to allow you to live without any money issues...

"well, Jesus was poor, he had no place to lay his head, and he died on a cross, so, that is what my life is supposed to be like, so that i can prove im more spiritual then you".
= "yawn".
= "yawn"
= "yawn"

STOP BEING STUPID.

The fact is, you are Not Jesus, and you didnt leave Glory with a specific assignment to come here for a few years , provide yourself as an offering on a Cross that saves us all who will believe, then Go back to Glory where you started off, as a DIETY.

Jesus is not poor, currently, and tho he gave up his 'riches" to save YOU, this does not mean he started off poor or ended up poor.
Are you poor if you end up in Jerusalem on a Throne?
Are you poor if everything that is created, you created, and it's all yours?
If your bible tells you that its "God who gives you the power to get WEALTH".......well then, is Jesus God?
If He is, then He is the author of your power-ability to get wealth, and so why would He mind if you are NOT POOR?
Does God tell you to "remember the poor"?......and what do the poor need from you?.... A hug?.... A glass of cheap wine?
NO, they need your money, and if you dont have any then how can you obey God's requirement that you give to the poor?
What do widows and orphans need?....... Chewing gum?..... A Walmart Gift certificate?....... NO NO NO, they need your money, and if you dont have any, then you cant do what God told you to do.
So, if you have an issue with money.....then you are the issue, and not the money.

So, yes, have a few million, and do whats right, then everything is fine.
Money Matters, and if your money is wrong, your life is upside down and that is not how you are supposed to be living.

Consider, that all money belongs to God.......and if you have any, its His anyway....So, if HE has money, and you get to use it, then how spiritually backwards are you to worry that you should not have any, or not much, as some type of proof you are spiritual?
You're not spiritual if you think you cant serve God correctly unless you are "poor".
You are in fact, ignorant of the Bible, and ignorant of God's perspective on "money and YOU".
It is true that Gain (money) is not Godliness, but its also true that poverty has destroyed more already then Material Prosperity ever will.
"POVERTY is the DESTRUCTION of the Poor", its not a blessing from God, and its absolutely and positively not a badge of christian suffering you are to wear.

Money is just a TOOL. And you need it, and i hope you always have more then enough so that you can help OTHERS.

 

[Mike]

Living day to day with a higher income is easy as long as you always live below your means and stay out of debt. It's a pretty simple formula.

A simple formula that most Americans can't manage. There are many simple truths that people find difficult to put into practice. I've seen it said more than a few times that Americans spend $10 for every $9 dollars they earn. More income only ends up in more debt.

 

[jasonc]

A simple formula that most Americans can't manage. There are many simple truths that people find difficult to put into practice. I've seen it said more than a few times that Americans spend $10 for every $9 dollars they earn. More income only ends up in more debt.

It's hard to resist materialism.

 

[stovebolts]

A simple formula that most Americans can't manage. There are many simple truths that people find difficult to put into practice. I've seen it said more than a few times that Americans spend $10 for every $9 dollars they earn. More income only ends up in more debt.

So true. I remember going hungry as a child... mom didn't have much. She learnt how to manage little and taught me well.
I didn't finish high school... so I had to manage many low paying jobs.
Somehow, I got my GED and attended college twice. It was hard, but the second time I didn't qualify for any grants, so I payed the bill each month... $900 a month for 20 months on $15 an hr. I graduated solvent.

 

[IncredibleTransformation]

I had that kind of money at one time but I gave it all away, now I don't have it anymore. With money you have a different kinds of problems, things like how not to pay it all in taxes, who will come out of the woodwork and want it, and how to spend it wisely. Now, after my husband died I just want to take care of myself until I can go home and be with him and the Lord. Not much in this world matters anymore.

 

[dianegcook]

Would you want to be a millionaire? It's actually a big responsibility. Many lotto winners squander it and get themselves into debt after having won the Lotto. The temptations would be big. I've thought about this before and I don't think that I'd want to be rich (here on earth). I can't manage money well enough. I can manage smaller amounts pretty good, but there's a big difference in managing small amounts and large amounts. People might not think so, but it's true. Being able to manage 2 to 4 grand per month is not the same as hundreds of thousands per month. They say that, anyone can be poor,. but one must learn how to be rich.

Hiring an accountant isn't the answer either. He'll teach you to be a prick with your money. (except with him! Lol!) We're not supposed to worry about tomorrow anyway. God knows our needs, and provides. Personally, I pray not for riches, but not poverty either. I don't even really play Lotto. Once in a great while when it gets way up there, I might spend a buck or two on it. I think maybe if I did happen to win it sometime, that I'd probably try to give it all away. That way, I couldn't get in trouble with it, and I'd probably be blessed for doing it, and helping people. Maybe go look up that church that helped me with food a couple times way back, and put a bunch in their hand. I think I'd have to do something like that to make myself safe from it. Philanthropist would have to be the coolest job in the world. We are here to be a blessing to others.

What about you?

I wouldn't turn the million down, lol

 

[WIP]

If you retired, what passions would you persue?

Interesting question. I have to be honest. I really haven't thought too much about it...so far.

 

[Rehab]

Would you want to be a millionaire? It's actually a big responsibility. Many lotto winners squander it and get themselves into debt after having won the Lotto. The temptations would be big. I've thought about this before and I don't think that I'd want to be rich (here on earth). I can't manage money well enough. I can manage smaller amounts pretty good, but there's a big difference in managing small amounts and large amounts. People might not think so, but it's true. Being able to manage 2 to 4 grand per month is not the same as hundreds of thousands per month. They say that, anyone can be poor,. but one must learn how to be rich.

Hiring an accountant isn't the answer either. He'll teach you to be a prick with your money. (except with him! Lol!) We're not supposed to worry about tomorrow anyway. God knows our needs, and provides. Personally, I pray not for riches, but not poverty either. I don't even really play Lotto. Once in a great while when it gets way up there, I might spend a buck or two on it. I think maybe if I did happen to win it sometime, that I'd probably try to give it all away. That way, I couldn't get in trouble with it, and I'd probably be blessed for doing it, and helping people. Maybe go look up that church that helped me with food a couple times way back, and put a bunch in their hand. I think I'd have to do something like that to make myself safe from it. Philanthropist would have to be the coolest job in the world. We are here to be a blessing to others.

What about you?

having not prayed on this
off the top of my head
yes
id quit my job (i work 12 hour shifts 5-7 days a week)
when im at work
i use my headset to listen to bible studies
audio scripture and street preaching to sinners

i sometimes day dream or imagine a day
where i may be able to do things like this full time

 

[Edward]

having not prayed on this
off the top of my head
yes
id quit my job (i work 12 hour shifts 5-7 days a week)
when im at work
i use my headset to listen to bible studies
audio scripture and street preaching to sinners

i sometimes day dream or imagine a day
where i may be able to do things like this full time

Me too, Brother. Walking with the Lord is supposed to be full time, being led of the Spirit. You're lucky Brother, you caught on young. It took me 50 years to even get a clue., lol.

 

[Rehab]

Me too, Brother. Walking with the Lord is supposed to be full time, being led of the Spirit. You're lucky Brother, you caught on young. It took me 50 years to even get a clue., lol.

haha thanks blessed if anything
and honestly

i always think about how deep my sin was rooted when God revealed himself to me in my early 20s

but at 50?!?

THATS a blessing

you got a testimony posted?

wouldnt mind checkin it out

i may post mine later tonight