Our plan to have Hubby retire/leave the rat race - at 40.

by ShayB

Posted: 15 years ago 17 replies

INTERNET MARKETING

I posted about this in the asylum (otherwise known as the OT Forum) before posting here for feedback. (Not sure what that says about me, but anyway...LOL)

My hubby is 40 years old. He is a disabled vet, and he has health issues.

We had originally decided that he would "retire" (i.e. leave his j-o-b, come home and work with me) in December of 2009.

Due to several issues (health being one), he wants to retire/quit in June of 2009 - six months early.

So, I made a deal with him. He can retire anytime after the following are true:

We are debt-free. House, cars, everything.
We have 6 months' worth of expenses in savings.
I have had an increase in income for at least 3 months in a row.

These are the conditions that would make me feel secure enough to have only one income. The target date is June 1st, 2009.

Now, in order to make this happen, I have done the following:

I have arranged for one-on-one mentoring/coaching from someone on the "next level" who can help me make the leap into a 6-figure income. Why? Because it is worth it for me to learn from someone else's experience.
I have created a business plan - breaking everything down by the numbers.
I have developed a passive income strategy - yes, I make money from writing, but I want to have more passive income streams.
I have gotten input from Hubby and we are figuring out what his role will be in the future with our business.
We have scheduled "test days" - days where he will take leave and we will work on how our daily schedule will be once he retires. We have scheduled at least 1 or 2 each month.
I am already involving him in some aspects of the business - mostly research at this point.
Dreambuilding - we discuss our ideal lifestyle and visualize our future. We have visited new homes to dream, as well.
Insurance - we are already investigating health insurance options for our family.

That is the start. I am sure I will add to it.

Hope this helps someone.

#changing #date #hubby #retirement

Nato Guajardo 15 years ago

Looks like you have it all covered. Good luck!
- [ 1 ] Thanks
{{ DiscussionBoard.errors[334102].message }}

Charles Harper

15 years ago

Shay,

How do the kids factor into all of this?

Are there any potential plusses (can any of them do IM for you) ?

Are there any potential pitfalls?

Charles

Thanks
2 replies

Signature

Video Training on Internet Marketing and PLR

{{ DiscussionBoard.errors[334125].message }}

Nato Guajardo

15 years ago

Originally Posted by Charles Harper

Shay,

How do the kids factor into all of this?

Are there any potential plusses (can any of them do IM for you) ?

Are there any potential pitfalls?

Charles

Putting the kids to work. That is great.

Thanks

{{ DiscussionBoard.errors[334132].message }}

ShayB

15 years ago

Originally Posted by Charles Harper

Shay,

How do the kids factor into all of this?

Are there any potential plusses (can any of them do IM for you) ?

Are there any potential pitfalls?

Charles

Thanks for the questions!

Right now, the kids are a little young to help, except maybe the oldest.

The only real drawback I see is that Hubby might get bored, but I plan to keep him busy.

Thanks
1 reply

Signature

"Fate protects fools, little children, and ships called Enterprise." ~Commander Riker

{{ DiscussionBoard.errors[334136].message }}

ExRat 15 years ago

Hi Shay,

Our plan to have Hubby retire/leave the rat race - at 40.

Best of luck to you and hubby - anyone can be an ExRat

PS This ExRat is nearly 40 as well.

Hi Nato,

Putting the kids to work. That is great.

Lol. There's no point having them if you're not going to get a decent ROI
- [ 1 ] Thanks
- 1 reply
Signature

Roger Davis
{{ DiscussionBoard.errors[334158].message }}
- JL Melvin 15 years ago
  
  My hubby is 40 years old. He is a disabled vet, and he has health issues.
  
  Tell your husband thanks for his service to our Country - I too am a Vet!
  
  Sounds like you have a great plan in place, which IMO is the most important part.
  
  Good luck and I look forward to hearing more about your success as you travel this path.
  
  Jeff
  
  [ 1 ] Thanks
  
  2 replies
  
  Signature
  Free WordPress Tutorials section
  Follow Me on Twitter
  Local Targeted Traffic - Targeting Local Traffic - Online!
  
  {{ DiscussionBoard.errors[334348].message }}
  
  Nightengale 15 years ago
  
  Shay,
  
  I think your plan is outstanding! I mean, the numbered points you made, not just your goal. Yes, there are a lot of details that need to be worked out, but it sounds like you have a solid, reliable plan. Good for you!
  
  I'm pulling for you!
  
  Michelle
  
  [ 1 ] Thanks
  
  Signature
  
  "You can't market here. This is a marketing discussion forum!"
  
  {{ DiscussionBoard.errors[334361].message }}
  
  adamv 15 years ago
  
  You've already come so far in such a short time I bet you'll hit all of your goals before the deadline you've set.
  
  You have a very realistic and achievable plan and I'm looking forward to updates. I'm sure that your success will inspire a lot of the newbies to follow in your footsteps.
  
  [ 1 ] Thanks
  
  Signature
  
  Get a professional voice over for your next audio or video project at an affordable price -- I will record 150 words of text for just $5.
  
  {{ DiscussionBoard.errors[334386].message }}

Topgunb 15 years ago

Hi Shay,

If you need anything, or I can help in any way.

Let me know

Brian

p.s I sent you a pm
- [ 1 ] Thanks
- 1 reply
Signature
swdcomputers@gmail.com For the best real deal in town!
{{ DiscussionBoard.errors[334402].message }}
- ShayB 15 years ago
  
  Originally Posted by Topgunb
  
  Hi Shay,
  
  If you need anything, or I can help in any way.
  
  Let me know
  
  Brian
  
  p.s I sent you a pm
  
  Thank you so much!
  
  Thanks
  
  Signature
  
  "Fate protects fools, little children, and ships called Enterprise." ~Commander Riker
  
  {{ DiscussionBoard.errors[334547].message }}

Kim Standerline

15 years ago

This is one gal who we're going to hear a lot more about, simply because she believes in herself.

Notice she's set herself achievable goals, (I bet you hit them all before the deadline Shay).

Iv'e said it before and I'll say it again, you're an inspiration to all those "Newbies" out there

Cheers
Kim

[ 1 ] Thanks
1 reply

Signature

The Easiest Dimesale Script Ever!!

EasyMemberPro is back with Mama
How To Write And Profit From Hot Romance (Kindle Product)

{{ DiscussionBoard.errors[334577].message }}

ShayB

15 years ago

Originally Posted by Kim Standerline

Now I am blushing.

Thank you so much for the kind words!

Thanks

Signature

"Fate protects fools, little children, and ships called Enterprise." ~Commander Riker

{{ DiscussionBoard.errors[334599].message }}

Jen McVey

15 years ago

Shay, what a great plan!

I'm pretty quiet around here but I've seen you in the past few months really take the bull by the horns and go for it. It's really encouraging to read how well you're doing and the positive goals you're setting for yourself and your family.

I was actually thinking last night (up late/early with feverish four year old) that I need to set up a business plan and stick with it. Too much bouncing around all these years.

So thank you for this post. You've helped kick me back into gear!

Thanks
1 reply

Signature

San Diego Vacations
Site Build It Reviews

{{ DiscussionBoard.errors[334794].message }}

ShayB

15 years ago

Originally Posted by Jen McVey

Thanks, Jen!

I have a 4 year old, too (also a 15, 12 and 10 year old) - I know what it is like. Hope he/she is better today!

I read an awful lot when I first came here, and then I jumped in.

There is so much great info here!

Good luck!

Thanks

Signature

"Fate protects fools, little children, and ships called Enterprise." ~Commander Riker

{{ DiscussionBoard.errors[334806].message }}

Ben_Curtis 15 years ago

Thank you for your husband's service; my dad is an army vet.
Sure hope your timeline works out for you, and then you can write your story and sell it!
- Thanks
- 1 reply
{{ DiscussionBoard.errors[334829].message }}
- ShayB 15 years ago
  
  Originally Posted by Ben_Curtis
  
  Thank you for your husband's service; my dad is an army vet.
  Sure hope your timeline works out for you, and then you can write your story and sell it!
  
  Thank you so much!
  
  My hubby is my hero.
  
  I am going to put it on my blogs and keep track of my progress.
  
  Thanks
  
  Signature
  
  "Fate protects fools, little children, and ships called Enterprise." ~Commander Riker
  
  {{ DiscussionBoard.errors[334839].message }}

Our plan to have Hubby retire/leave the rat race - at 40.

Trending Topics

Boat and Jet Ski Rentals...... Door Hangers Effective?

Are billboards still effective in driving customers?

Let's dissect the genius behind Nike's 'Just Do It' slogan. What makes it so powerful and timeless?

A Very Strange Internet Problem

4 underutilised SEO research approaches to explore