Today, I’m going to talk a bit about my dad’s retirement. My dad tried full retirement for about a year and he just couldn’t do it. He is too restless to sit around and watch TV or plant a garden. He had done so many jobs and started so many business in his life that he could not sit still. He drove everyone one around him nuts. So he moved back to Thailand and started a few side businesses to keep busy and make a bit of cash on the side. Here are his various ventures.
- He has a small shop selling antique Buddha amulets and bronze Buddha statues. It is tough to describe, but an equivalent product here in the US would be autographs, documents, manuscripts and other original historic memorabilia. He opens the shop a few days a week and socializes with his collector friends all day.
- He sells diamonds and rubies on the side. He got to know a wholesale gemstone dealer and he sells these to his customers and other acquaintances. From what I understand, his prices are better than going to the gold shop.
- He is collecting rent on two rental condos.
- He has a piece of land with teak wood growing on it. He stops by once in a while to check on it, but this will take a while to make any money. The trees are about 18 inches in diameter right now and need to get a lot bigger.
All these activities keep him busy and out of trouble. If you know my dad, you’ll know he gets in trouble when he has too much money and nothing to do. It’s much better to keep him busy with various ventures, in fact I have him sorting through the renewals of things like his home insurance now!
Is this really retirement? I think so. These ventures does not take full time and they are an avenue to socialize and have fun. He doesn’t have to answer to anyone and he can take a week off to go to the beach anytime he wants and he does. My retirement will be similar to his retirement. I am planning to work on a couple of very small businesses and they should be enough to pay the bills. As long as I don’t have to answer to any boss man (or woman), that is retirement to me!
What do you think? Is this really retirement? What do you see when you picture retirement?
By the way, the Buddha statue pictured is available for $500 + shipping if anyone is interested. 😉
For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.
Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.
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