Thursday, November 25, 2004

Don't talk too much about your plan

When I first started this blog, I tried to publicize it a little bit by posting on some forums. I did receive three kinds of comments:
  • "go for it", "good luck", "I do the same", "Hope you'll succeed"
  • "you're full of s***!", "do your homework!", "you surely haven't considered inflation!"

In a post in which I said that when I tell relatives about my plan, they doubt much, someone told me not to talk about my ER plan to relatives (unless they do also have such a plan). More recently, another person on a forum told me I would have to fight naysayers. I agree with them.

Don't talk about your plan too much to your relatives. Some reasons:

  • They'll try to make you believe that your lifestyle is ludicrous. On the other hand, if you don't tell about your ER plan, they might never notice your frugal lifestyle.
  • If you fail and must retire a year later, they'll be happy to ensure you remember when they told you it couldn't work.
  • Some people can even laugh at you and tell about your plan to other people. You would need even more courage to try to convincing them your plan can work.

So stick to your plan, don't be discouraged if, from time to time, the figures doesn't work as planned, make adjustements, don't talk about too much people around you about your plan and good luck!

7 Comments:

Anonymous Anonymous said...

I hope you keep up this site, and I would like to see you succeed! I am 27, single, fall within your earned salary range (57K-65K), and have a similar goal of retiring much earlier than "early retirement," in my 30s.

3:55 PM  
Anonymous Anonymous said...

I saw your post get slagged on Dorry's early retirement forum, so I know where you're coming from on this one.

It's just normal human competitiveness. Someone who retired at 50-60 (or is going to) won't be happy to hear that you can do it by 40. But if they denigrate you/your plan so that it is somehow less than what they accomplished themselves, it's ok. Thus the whole "you'll never make it OR if you do it's only because X"

I get a lot of "Well you don't have 10 kids to feed" as if that's my fault or "of course you can save, you're so **** cheap" when I actually _give_ more but _spend_ less than the person talking. My favorite is "you should be a productive member of society" as though it's productive to produce as much as you consume. Isn't your net worth a direct measure of how much you value you have produced less how many resources you have consumed?

11:05 AM  
Blogger Jack said...

Anonymous,

Thank you for this very good argument: the fact that your net productivity is related to the difference between your production and consumption, not just production. Maybe I will use that back later on the blog.

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