Fifty Year Plan

[tortoise]

The topic hits home with me. I'm the almost the same age as the OP when they posted it. I have accomplished the list of my life plan when I was 14 years old. At the time, I thought it would take 10 years. 🤣 more like 25 years!

So now what?

I'm especially interested in responses from those over 50 years old. What advise would you give to someone in their 30's for their next 50 years? [Please assume person has basic SS proficiency and has bought their land/property/home.]

 

[Mini Horses]

Adapt, improvise or overcome! I like that!!!

 

[frustratedearthmother]

Good memories do help us out in rough times!

 

[patandchickens]

LOL - some of us are not too likely to be AROUND in fifty years (I'm sort of on the cusp, there, at 43 right now)

My 15-20 yr plan is for all of us to survive in some fashion til the DH is retired and the kids are off in college or otherwise employed. I have absolutely not the faintest idea what will happen after that, or what SHOULD happen, but it's not something I'm really worrying about now because who even knows <shrug>

I do admire planners; I just aren't one myself. A year or so at a time is all I care to 'bite off'

Pat

 

[miss_thenorth]

LOL - some of us are not too likely to be AROUND in fifty years (I'm sort of on the cusp, there, at 43 right now) Pat

Ditto, but insert 41.

No real plan here either. i plan on being debt-free by the time hubby retires, (17 years) the only debt we have is a mortgage. Plan to move back up north somewhere, plan to partially pay the kids way through college (we think they should be responsible for paying at least part of their education) that's the plan per se, but we haven't really planned it out--does that make sense?

 

[enjoy the ride]

I'm impressed- at your age (presumably) I didn't have a clue as to what I wanted.
That's a great idea to have a goal to check against- keeps some wasted drifting out of your life.
But life does take some interesting turns. So I might add a slush fund to the plan.

 

[Cassandra]

Hey, y'all. I am 37. So not far behind you. I just want to be prepared, you know? LOL Sorry I haven't had time to post specifics. I started to from work today, then got busy. THen I got home and got busy. So, I'm off spending time with DH. I will post back tomorrow.

Cassandra

 

[nccountrygirl]

50 year plan ain't happening here either, insert 53. Heck a 25 year plan might not even work.

 

[cjparker]

I love the idea of a 50 year plan! I'm only 55, about 1/2 way through my journey here, if my luck holds.

My mom is 75 and my grandmother is 95, so I think I'd better plan for the long term still. Grandma is still sturdy as she can be, lives in her own apartment alone, and goes to church most Sundays. On the phone she could be mistaken for someone half her age.

I can't imagine what the area around my home may be like in 50 years. Right now I have 20 acres in front of me that is government land, kept "native" by law. Next to me is an 80 acre orchard, then a canal and more govt land on the other side. Behind me is a pretty steep hill. My house sits on not-quite three acres. I have a vision of my little abode still sitting here in 50 years, surrounded by condos and high-rises. ICK

 

[Cassandra]

I'm about to pay off a personal loan I had. 9/12 I will make the last payment on that. After that, we're going to increase our emergency fund to $2,000 by the end of this year. (And we need a stove because our oven quit working... bleh.)

The only other debt we have is my car and our house.

After we pay off my car, I'm going to start looking for that piece of land. (the sooner I can buy it, the cheaper it will be. There are still places in MS where you can get land for less than $2,000 an acre.)

What I would like to do, is this neat trick that one of our clients did. (I work for a real estate appraiser) He bought a 40 acre tract of land and decided to keep half of it. He sold the rest of it in smaller tracts. The profit from the sales, paid for ALL of the land--including the part he kept.

Neat, huh!

And if you kept a big enough parcel, it wouldn't matter what your neighbors were like. They'd be too far away to bother you.

Cassandra