35 and Older: How do you plan to Live the 2nd Half of your Life different from your 1st?
- Thread starter Stuntone
- Start date
VegetasHairline
Veteran
Y’all need to settle down, find a good woman, and start a family
Ezekiel 25:17
Veteran
that's not what I'm saying at all. You could be in an accident driving tomorrow and all that shyt you said wouldn't matter. Now suddenly your life is difficult. Nothing is guaranteed to be easy and saying that is naive. You sound like someone who's very sheltered.
Does a bear shyt in the woods?
MajesticLion
Veteran
Heafcliffe
Hope there's puddin' in the clink...
Mid 40s here.
Since, I have been hellbent on having zilch regrets, surrounding myself with good people, staying in good shape (gym/ dr appts) and not concerning myself with others' opinions.
Making sure everyone likes you is a lose/lose situation.
Since, I have been hellbent on having zilch regrets, surrounding myself with good people, staying in good shape (gym/ dr appts) and not concerning myself with others' opinions.
Making sure everyone likes you is a lose/lose situation.
Khadafi1982
Pro
Very good topic.I was going to say 40 and older, but most of us aren't going to reach 80.
Kind of frightening knowing that your closer to your death than your birth.
Id, so I'd say 35-40 is about halftime for most of us. Anything past 80 and Overtime. For some reason turning 40 was a HUGE deal to me. It weighed on me hard. I analyze my life, family, career, wins, losses and regrets. I realized I didn't want to spend the 2nd half of my life sacrifices everything for money and my career. A lot of us lose out of love, family, time and many experiences chasing money. Sadly, many of us never really touch any really money or success. Personally I've decided to work, but not as hard. To be around those I love and enjoy being around. Sacrifice just enough to get the things in life i want and enjoy. And to never stay on a miserable job too long.
Another thing is I want to slow down and saver life. I want to taste it. Enjoy the small things and win instead of being blinded by my ultimate goals. I moved from DC but to Louisiana bcuz I felt in DC, time just flies by so fast. Spent most of my 20s and 30s there, head down grinding. Living for the weekend. smh Time flies so fast like that.
Old heads, what are some things you plan to do different this 2nd time around?
First I want to be healthy and be there for my kids as long as possible. That means loosing weight and changing my lifestyle to be more active. The work was killing my health, not enough sleep. I said enough. I am aiming to be at most a Senior Manager in my organization. Luckily invested early in some stocks in the early 2010s. I want to coast at work up to up to 50 a minimum. Whatever happens after that due to ageism, I would be able to be ok if the stock market keeps its average yearly return over time.
I don’t have patience for food that I don’t like at family events, I don’t want to taste or pretend to like it. I would rather stay hungry than go to a restaurant to eat what I like.
Get paid.
Get laid.
Get a crib that has some shade.
Stay in shape and puff on haze.
Get laid.
Get a crib that has some shade.
Stay in shape and puff on haze.
The BasedFather
Task Force
Not 35+ yet, but I plan on moving to California. Enjoy life with my son. Join the fire department out there hopefully and knock down thots 
May blessings and many exoticals and mixed females be upon you Breh.Not 35+ yet, but I plan on moving to California. Enjoy life with my son. Join the fire department out there hopefully and knock down thots
The BasedFather
Task Force
May blessings and many exoticals and mixed females be upon you Breh.
Appreciate it bro
O.T.I.S.
Veteran
Idk… outside of my degree in CS, I’ve did everything I said I was gonna do by 40 
I guess finish school, stop vaping, travel, invest, buy property outside the country. Got to readjust my goals by next year.
Already got a degree in Audio Engineering, I guess I could relearn what I forgot and take it somewhere else. I was working with homies in Hawaii and elsewhere with they music but fell off this year
I guess finish school, stop vaping, travel, invest, buy property outside the country. Got to readjust my goals by next year.
Already got a degree in Audio Engineering, I guess I could relearn what I forgot and take it somewhere else. I was working with homies in Hawaii and elsewhere with they music but fell off this year
It's actually pretty solid. The only thing that @Ezekiel 25:17 's post needs is "good insurance" and he would have covered all the bases.
Most of the things that normally knock people out can be covered by insurance in addition to the savings, investment, and health. Especially if you're in that 35 age range because you can lock down great policies at very low cost.
Personally I'm horrified that most people in that age range aren't aware of the value of Life insurance while you are alive.
Not because of the payment at death, but because of the various riders you can put to a policy. Most of the illnesses that knock people out and remove people's savings like heart attacks, strokes, cancer, etc can be added into a pre-death benefit that can be used against the value of the policy.
And you're able to get a higher face value the younger you are at 30-40x your income meaning its not unheard of for a 25-35yr old making a mediocre $55k to qualify for a 1Mil policy with a $250k illness rider for less than 50 bucks a month . This living benefit of a policy basically eliminates the chances of an illness bankrupting you.
And you're able to get a higher face value the younger you are at 30-40x your income meaning its not unheard of for a 25-35yr old making a mediocre $55k to qualify for a 1Mil policy with a $250k illness rider for less than 50 bucks a month . This living benefit of a policy basically eliminates the chances of an illness bankrupting you.
Now don't even get me started on the value of private, nonemployer disability insurance.
Most people are aware that they pay 60% of your income in those generic employer policies, but are you aware that you can actually get a private policy for 80%? And it would only cost you 25 bucks to get? Furthermore, if you are in a non-physical job it's entirely possible for you to get an additional rider in your disability policy that locks you in for "own occupation" which is the gold standard.
So once again somebody at that 35 age range could legitimately insure 80 percent of their income for life, without the pesky requirement that they must get into another job after an accident that leads to a disability or an illness that leads to a disability.
So once again somebody at that 35 age range could legitimately insure 80 percent of their income for life, without the pesky requirement that they must get into another job after an accident that leads to a disability or an illness that leads to a disability.
And the final piece of this puzzle is a real health insurance policy by strategically picking your employer. So if you exclusively stay with f200 companies and refuse to take contract work it's entirely possible for you to have a great health insurance policy under $80 bucks a month.
So now let me connect all the pieces of the puzzle. @cyndaquil Think of the usual circumstances that knock somebody out. Let's use the case study of you being a 35-year-old male making 80k. God forbid , say one day when you're leaving work you suffer a stroke.
This immediately triggers the 250k payment from the life insurance policy illness rider, payable in less than a week. Your health insurance policy from a good employer covers the entirety of your treatment, while only 50k covers all of your co-pays , deductible and premiums for the treatment . This leaves you with a short fall of 200k to cover the time you're not working to contribute to your savings and investments which haven't been touched at all.
Immediately after the stroke, you wisely decided to file the private disability insurance claim. Yes you are still physically capable of doing a job, but it would be difficult for you to go back to your own job. This triggers this 80% payment.
So now you get paid to sit at home with 64k of that original 80k salary , tax-free for the rest of your life. This is effectively an early retirement, and because taxfree 80% of your salary from the policy is most likely less than what the government was taking out of your paycheck in taxes . So you're actually making more take home salary than you would have been getting had you originally stayed working.
Let me stress that this is an early retirement because at a 4% draw you would have needed to save 1.6million dollars to get this from traditional investments. But you are only 35. So you still get to use this 64k for the next 35 years to save far more than 1.6 million.
Immediately after the stroke, you wisely decided to file the private disability insurance claim. Yes you are still physically capable of doing a job, but it would be difficult for you to go back to your own job. This triggers this 80% payment.
So now you get paid to sit at home with 64k of that original 80k salary , tax-free for the rest of your life. This is effectively an early retirement, and because taxfree 80% of your salary from the policy is most likely less than what the government was taking out of your paycheck in taxes . So you're actually making more take home salary than you would have been getting had you originally stayed working.
Let me stress that this is an early retirement because at a 4% draw you would have needed to save 1.6million dollars to get this from traditional investments. But you are only 35. So you still get to use this 64k for the next 35 years to save far more than 1.6 million.
So in that case study, I arbitrarily used a stroke as an example but you can sub in any other illness or disease that normally knocks people out of the system like diminishing mental health, heart attacks, organ failure, etc.
similarly, if you were in a catastrophic car accident, you could not use the Life rider, but instead you would use a good car insurance policy to cover everything the health insurance rider would have covered. It would be the same end result as the above stroke example, with your private disability policy covering 80% until your silver years. This is why you don't go cheap on your car insurance either.
I swear to God people suffer because of ignorance. If you just layer these insurance policies on top of each other by picking the best versions , you are legit covered if you save + invest + exercise+ eat well + insure.
I would highly suggest getting with a financial planner who can highlight all these sophisticated insurance strategies. A cfp is just as important as a good accountant. They can identify the best policies and pick apart the loopholes on your behalf.
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Hater Eraser
Veteran
Get paid.
Get laid.
Get a crib that has some shade.
Stay in shape and puff on haze.
cyndaquil
Lv 100 Bold natured
life isnt just about the money breh. Insurance no insurance. You guys take life for granted when you say "life is gonna be easy" if you just do this. You guys assume all the institutions we have now will still be in play in the next 40 years. You can't assume anything in life. Never expect it to be easy. Even if you have the insurance policy "saving you" if you can't walk now or you are blind life is not gonna be easy for you anymore. Period.There's other things you can't prevent or control as well. Calling it easy is setting yourself up for failure. Even doing the things you both mention to have a good life are not necessarily easy. It's naive to think otherwise.
the bossman
Superstar
it's better to say if you have those things he listed down pat, life may not necessarily be 'easy' but you'll be best prepared for whatever life throws at your way
