Monday, February 28, 2011

Deferred gratification

After almost five years of blogging I have decided to bring Ranting Stan to a conclusion and this will be my last post.

Following Mrs Stan's breakdown and the demands, stress and strain of looking after two teenage boys on my own I made the decision late last year to take early retirement - even though I'm not yet in my mid-fifties. Today is my final day of the work and later this afternoon I will hand in the assorted accoutrement of employment and walk out of the office a free and very happy man.

The house is all paid for (I made the final payment last October - eight years early), I have been prudent and careful with savings and I have followed my father's advice all my life to avoid debt. Consequently, I'm in a position now where I no longer need to work to maintain our lifestyle - although I'm sure I will do something even if it is just to continue my voluntary work.

I confess that I feel a little guilty that I'm doing this at a time when so many others in Britain are facing hardship and a collapse in their living standards. All I can say is that I hope I am wrong in my forecast that we are about to enter a prolonged period of economic turmoil and decline that will match and possibly surpass that of the Great Depression - however, I see no reason to change my assessment.

My advice to anyone who wants to listen is to follow the model I have followed all my life - don't be tempted by easy credit and the prospect of shiny new things. Look after your money, save what you can, only spend what you have to and never, ever build up any debt apart from a mortgage which you can not pay off within one month.

If you do this while you are young enough then you will be able to look forward to an early and comfortable retirement too. It's called deferred gratification and is much underestimated.

I thank you all for taking the time to read and comment on my musings over the last five years and wish you all good health, wealth and happiness.

Thank you and goodbye.

12 comments:

William Gruff said...

By Stan and good luck.

Bucko said...

""I confess that I feel a little guilty that I'm doing this at a time when so many others in Britain are facing hardship and a collapse in their living standards. ""

Don't. You've obviously worked for it.
Good luck!

opsimath said...

It's sad to see you go, Stan, but I can understand why you've made the decision.

May God go with you and bless all you do.

Thanks for writing such a thought-provoking blog for so long and my very best regards, as always, to your lady. I hope she continues to get better.

'bye.

Eddie said...

Best Wishes and thanks for all the great posts!

bernard said...

I've always read your blog Stan, and liked it a great deal.
Five years is a good run, and far longer than most of your 'genre'.
You are about a decade younger than me, but we have a lot in common I should imagine.

No-one really retires, they just stop working for somebody else, so on that basis enjoy the time left over and give my kind regards to your wife and family.
All-in-all the internet has been a tremendous boon for free speech, and has come in the nick of time.
Good luck...and keep browsing the web for those golden nuggets.

Bernard Gudgeon (Berwick on Tweed)

English Pensioner said...

You will find that you are busier now than when you were working; I frequently used to ask how on earth I ever found time to go to work.
No longer can you say, even to yourself, I really haven't got time to mow the lawn, or something similar.
Its dammed hard work being retired, but good luck, and I hope Mrs Stan gets better with your care.

The English Physician said...

Sorry to lose you Stan - thanks a lot for the provocative postings, and all good wishes, especially for your wife's recovery.
Goodbye.

TheFatBigot said...

It's been a pleasure and a privilege Mr Stan. I wish you and your family the very best of good fortune in the future.

Toque said...

Goodbye and good luck.

DJ said...

Good luck and thanks for all the rants!

The Big Dollop said...

Best wishes for the future Stan.

I have thoroughly loved reading your blog for the past 3 years or so, the bloggosphere will be a poorer place form your departure.

I earnestly hope that everything works out for the good lady lady in your life.

Keep the Faith

TBD

David Vance said...

bye stan, will miss you