Your escape plan.

Tons of OT about bad bosses, E36 M3ty work environments and just metric tons of people being stupid.

Anybody have a FU plan in place, or at least a dream of one. Bug out for a few year's or decades.

Mine.

I have been guilty of looking at farmland on Kauai, you can get 10 acres or so with limited electrical hookups for about 4K a acre and the ability to build. I have a friend who builds modern houses out of shipping containers, so the 100+ inches or rain should not be a problem. (Designed for installation in Costa Rica and places where the bugs eat the houses faster then you can build them)

Total cost is doable and I would have 25-30 years of off the grid money if I decided not to work. Bring my server and a satellite hookup and I could do enough CAD design and programming consulting on the side to make 20-30K a year to keep funding my investments.

I could work less then 10 hours a week and surf 30+. Build a few more "cabins" for people/artists looking to get away for a month or so and set.

All I would need is a beat up KTM and enough seed stock. Plus getting my wife on board.

In reply to wearymicrobe:

It sounds good to me!

That last little detail may well prove to be the toughest!

Working on an income replacement plan - residual revenue. Wrote a book last year and trying to produce something for sale each month that has the capacity for continuing/residual revenue - the idea is create the intellectual property now - keep getting paid later. Slow starting, but last year started getting results.

1988RedT2 wrote: In reply to wearymicrobe: It sounds good to me! That last little detail may well prove to be the toughest!

My wife comes from a family of farmers, her bug out plan would be exactly the same thing but in northern Italy

I'm only 20 and I wish I could do that. How do you feel about having an indentured servant?

I have several flawed scenarios that require either tremendous initial funding or a residual income greater than my current one. Most involve either living on a boat, living "On Golden Pond" or traveling the country in an RV pulling a race car. Possibly all of the above.

The most probable one - which might happen anyway as a result of poor retirement planning is just being homeless and wandering the country. Like Bruce Banner only without the gamma ray issues.

We have a cabin in the national forest with pretty much no neighbors. Go up there and relax for a weekend or a week every so often and you don't need an escape plan. You're living it.

MG Bryan wrote: I'm only 20 and I wish I could do that. How do you feel about having an indentured servant?

If you help me restore a old farmhouse in Tuscany you are more then welcome to come and live there for a while. My wife would be partial to that area and it would be cheaper then Kauai.

30 years old here, if I liquidated everything, stocks, bonds, houses, cars, retirement, cashed out my pension on quitting I would have a little under 7 figures accounting to my accountant. But I am not yet old enough to buy into a annuities which would let me live off the accumulated money.

Also I am posting here alot to avoid the crazies at work for just another hour.

wearymicrobe wrote: 30 years old here, if I liquidated everything, stocks, bonds, houses, cars, retirement, cashed out my pension on quitting I would have a little under 7 figures accounting to my accountant.

Now my escape plan is to gain your confidence, rob you - then proceed with my list

wearymicrobe wrote: I have a friend who builds modern houses out of shipping containers, so the 100+ inches or rain should not be a problem. (Designed for installation in Costa Rica and places where the bugs eat the houses faster then you can build them)

Got more info?

You dudes need to read Mr. Money Mustache if you are serious.

It may fall in the "dream" catagory, but - Scottrade. I doubled down on FCX yesterday. Looking for 20% to 40% gain in the next month or so. If that works out, I'll try to do it againg. And again.

wearymicrobe wrote:

MG Bryan wrote: I'm only 20 and I wish I could do that. How do you feel about having an indentured servant?

If you help me restore a old farmhouse in Tuscany you are more then welcome to come and live there for a while. My wife would be partial to that area and it would be cheaper then Kauai. 30 years old here, if I liquidated everything, stocks, bonds, houses, cars, retirement, cashed out my pension on quitting I would have a little under 7 figures accounting to my accountant. But I am not yet old enough to buy into a annuities which would let me live off the accumulated money. Also I am posting here alot to avoid the crazies at work for just another hour.

Restore an old house and work outside on a farm in Tuscany? Wow, twist my arm.

Otto Maddox wrote: You dudes need to read Mr. Money Mustache if you are serious.

this one is so me

http://www.mrmoneymustache.com/2012/04/02/what-would-you-do-with-way-more-money/

I think the best escape plan is the old one. Spend less than you earn and save save save. Yes some people get lucky of have the ability to build passive income, but most of the well off and rich people I know have modest lifestyles to begin with.

We have friends who a broke, one the verge of bankruptcy, have a mortgage that is probably twice the value of the house even though they've been there 15 years. But have 3 toy cars, 8 acres, new iPhones every couple of years, iPAds, new computers etc etc.

We also have friends who are multi-millionaires with a paid off house, drive 10 year old cars with 150k miles on them, rarely go on vacation, have only just got their first smart phones, their single computer is a hand me down and there's not a computer tablet in the house. But neither of them work full time and they can sustain themselves.

We’re in the middle, our retirement is not what it should be, but if I got laid off tomorrow we could survive even if I flipped burgers. We have a modest mortgage that is only 20% of my take home, we have a kid in private school and like to take a lot of vacations. Cut out the vacation and school and we could survive or retire sooner, but we like our life as it is.

wearymicrobe wrote:

MG Bryan wrote: I'm only 20 and I wish I could do that. How do you feel about having an indentured servant?

If you help me restore a old farmhouse in Tuscany you are more then welcome to come and live there for a while. My wife would be partial to that area and it would be cheaper then Kauai. 30 years old here, if I liquidated everything, stocks, bonds, houses, cars, retirement, cashed out my pension on quitting I would have a little under 7 figures accounting to my accountant. But I am not yet old enough to buy into a annuities which would let me live off the accumulated money. Also I am posting here alot to avoid the crazies at work for just another hour.

I want exactly that life for my family of five (six soon) but if I totaled all of my assets up, I would probably have an 80k debt.

tuna55 wrote: I want exactly that life for my family of five (six soon) but if I totaled all of my assets up, I would probably have an 80k debt.

A family of 2, 3 or 4 would significantly increase your rate of gaining wealth, but good luck there.

Adrian_Thompson wrote: A family of 2, 3 or 4 would significantly increase your rate of gaining wealth, but good luck there.

Sell the kids, problem solved!

http://www.missilebases.com/properties

I think I would just go down to the Keys. Fish and/or bartend. That is the "Go nuts, then recharge the batteries" plan.

Started ours 2.5-years ago when we bought an 8800 sq-ft building for $2500 cash, opened a p/t business as a side-job, and started finishing the previously started construction on the 2nd-floor apartment. We should be moved in this summer.

Next step is fixing some things on our house to be able to sell(hopefully) or rent it(more than likely).

After that, if we can get the two oldest kids out on their own, we should be at a point where we can live about the same on much less income.

petegossett wrote: After that, if we can get the two oldest kids out on their own, we should be at a point where we can live about the same on much less income.

Good luck with that.

Last year, while watching the Tour de France on the Internet, I found a turnkey bed and breakfast in the Pyrenees mountains for about 500k euro. If I ever get a 7-figure windfall, I'm bugging out to France. Maybe find something to do freelance as supplemental income afterwards.

I'm all for a frugal/grm lifestyle. At the same time, you can't save your way to prosperity. You do have to have a source of funds you save. In effect you can sell your talent/skills to a wholesaler (employer) or go direct.

My escape plan involves winning the lottery that I never play, but it includes buying an incredibly cool little 30's-mod (think Edward Hopper) diner that is on the Main Street of our little city here, then turning one side into a fine yarn store for my wife to run while I operate a little architecture practice out of the other half.