Something I thought of the other night, how much I hate my job, and it had me spurred on. I would really like to work hard, so I can retire at 40. Now, this is no easy challenge. I’m talking proper retirement, not working a single day again in my life and living the life I want with it’s luxuries until I died.<\/p>\n
Now, I manage a rather generous guess here on how much I’d need to save up to retire at 40. I worked on the basis of my current expenditure, I guesstimated I’d need around the region of \u00a320,000 per year to live off based on current spending and finances.<\/p>\n
I wouldn’t actually need this much, but thought it better to over estimate than under estimate. Also, I want to start this plan when I turn 30, so it’s not a short term plan, it’s a long term plan over 10 years.<\/p>\n
Drum roll please…. in order to retire I think I’d need around \u00a33,000,000 (3 million)<\/p>\n
Now, this figure isn’t purely for living. I don’t expect to live beyond 70 years old but I would be putting money aside. Around \u00a31.5 million of this is to build my very own custom house. I’m talking about a large plot of land (maybe 0.5 acre) where I have no close neighbours and a house custom built to my requirements to live in until I die. I’m talking things like home cinema, home computer room, gym, swimming pool, games room, etc.<\/p>\n
The actual figure I worked out for retirement would be around \u00a31 milllion. At \u00a320,000 per year before inflation, this would work out around 50 years of no employment I could live off. The other \u00a3500,000 would be for a safety margin that I could live off if the shit hit the fan<\/p>\n
So, how am I making this money. Working and gambling with roulette. Some say gambling with roulette is stupid, but it’s not. Just a case of using your brain and knowing when to quit and knowing your limits. The technique I’m using is very slow, but it has a very high success rate (nothing is 100% on roulette)<\/p>\n
To make \u00a33,000,000 in 10 years to retire at 40 years old (playing every day for 10 years). If I work on the basis of 365 days per year, I need to average \u00a3821 per day in order to make this amount.<\/p>\n
Short of winning the lottery. Roulette will be my next go, it definately works, just a case of perservering. The method I’m using basically returns the original bet you made when you gamble. If you lose, you need to double up the bet. So for a stake of \u00a31 you win \u00a31 back. If you lose you need to bet \u00a32, and then \u00a34, and then \u00a38, etc.<\/p>\n
This method is slow, but the money you earn picks up when you have large figures.<\/p>\n
I’ll keep adding more posts the further I go, but even using this method of \u00a330 per day you can still earn yourself \u00a3900 per month. As for the money on \u00a320,000 per year. Part of this plan is to pay off the mortgage and all debts and buy myself an evo. That way I have a disposable income of \u00a3600 per month towards adding into ISAs or high interest accounts. I leave these with a large deposit (say the 500k safety money) compounded interest over 20 years, probably puts this in the region of 1 million more<\/p>\n
So, it’s a dumb plan, but something I intend to achieve. Hopefully I’ll take pictures when I save up the money when the house is built \ud83d\ude42<\/p>\n","protected":false},"excerpt":{"rendered":"
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