Ex-lawyer

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Noedig
Posts: 191
Joined: Tue Aug 26, 2014 10:15 pm

Re: Ex-lawyer

Post by Noedig »

Well done. Changed your own life around. Awesome. Best of luck on the move. Ireland has some wonderful places to be. Also, great bacon and beer. You can't go wrong with that.

Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

Update: I am now living in Ireland. The flight was long, but you get over it. We stayed with family friends for a week and are now renting month to month about 40 minutes from Dublin. An offer has been accepted on a very small cottage about 15 minutes away from a town we like. Hopefully this will go through without a hitch - there have been hitches on the past 3. Cash wise we are still spending more than we are earning, but that was always going to be the case in the transition. I'm hoping that our expenses will reduce right down once we are living rent free and have more stability. I also plan on upping my passive income in the next 12 months, one way or the other. It's dark here, and wet, but it's an adventure and the freedom will make up for any weather shortcomings I trust.

Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

We have been in Ireland for four months now. It has been a bit of a roller coaster. The buying process has been traumatic. Although this may be offensive to Irish readers, many aspects of Ireland are broken from a first world perspective including the process for buying and selling property. It can take a year or two. Seriously. Lawyers exchange letters like it is the 15th century. It can drive you mental. But, cutting a long and painful story short, after 4 months (no banks, cash sale) we are finally in a small cottage 15 km out of Kilkenny. Hopefully we will own it by the end of the week.

The delay cost us a lot of money. Getting here and keeping housed and fed for all this time was very expensive. I went into a bit of shock with the weather. It was putrid. Dark and freezing. Everything is difficult here. Processes are broken. Things I took for granted all over the world - like hot water - are presented as miracles. Often they are broken too. It really is like going back 400 years in a dark freezing place. Many individuals are hopeless, generally speaking. Mistakes are the norm. Not giving a shit is the norm.

They can't see it. But coming in as an outsider, it can do your fucking head in. It is not a first world country, which was a real shock.

Anyway. We are in the cottage. It is a shambles, but I think we can do it up and make it liveable. Then we will live rent free, but have to pay the normal expenses here like oil, electricity, water etc.

One big downside to living here is the very high tax rate. Due to gross incompetence, the government is bankrupt. Tax is very very high. Services are very very low. 70 percent of income tax receipt last year went on interest repayments. How fucked up is that?

Anyway, bottom line is the first 20k in Oz is tax free pretty much. Here it's at least 22 percent or something on EVERYTHING which is a kick in the teeth for the early retiree.

The upside after 3 years is that I would qualify for an Irish (EU) passport although I don't think it's worth it if we aren't enjoying ourselves. I'm hoping that once we don't have to deal with the irish government or any irish companies our enjoyment levels will increase and we can just get the benefit of a paid off house and being in Europe (fun for an aussie).

I must admit I panicked last week and sent out the CV for part time remote legal jobs. Not much of an interest as it turns out and just as well as they can all go fuck themselves as I'm retired. I think I will just get the house in order and write fiction for fun and a small amount of increased cash.

Once the house is done up we will have the option to rent it out (not for much, but still...). I also want to look at housesitting opportunities in the continent.

JeanPaul
Posts: 66
Joined: Tue Jan 01, 2013 5:15 am

Re: Ex-lawyer

Post by JeanPaul »

Well, you arrived in the worst weather, so that part should at least get better, although obviously climate will never be the draw of Ireland. But if I can trust Game of Thrones, the countryside is gorgeous, and it can be actually enjoyed soon (dragons and marauding armies permitting).

As much as I like the flexibility of renting, buying a house is definitely tempting, because it basically ensures that one's retirement plan won't fail - not much worries of fluctuating markets when your biggest cost is fixed.

The initial move is stressful, and definitely much more if you are buying, but settling in should help. If you don't like the place, there's probably not much that can fix that, but maybe you just don't like the the winter gloom, the hassles, not knowing people etc. Definitely as a base for travel, anywhere in Europe is amazing compared to Australia or the US - with a 30 Euro flight you have the option of 10 different languages and cultures.

I looked at some of those house-sitting sites a while back - looks like the most opportunities are in France, which ain't bad. Seems like you have to pay to get any useful access, which always set off alarms, but hey, if you even get one house, that\s quickly repaid. Word of mouth is the best, though. One of my parents' friends basically hops from house to house in Costa Rica.

Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

My mood has improved considerably with the weather and the completion of the cottage purchase. We have been working hard at the renos, and dealing with Irish tradesmen (I fear that many of the competent ones are working in the mines of Australia or in Dublin).

We have been made very welcome in our village. I have trouble understanding the older men when the speak among themselves, but that is part of the charm.

My parents have decided to visit in two weeks from Oz. Hopefully the house will be more liveable by then. It will be fun either way.

Did
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Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

We met older people on the road in Australia who went from one house to another. They paid for access to an Australian house sitting site, but claimed there were more houses than applicants. The only downside, they said, was getting attached the animals and having to leave them. They also noted that their friends who didn't live on the road all seemed to be getting older..... It was also amusing to hear from grandparents on the road and get their perspective on grandkids from one adult to another. As grandkids you think it's all about you. At least for these oldies on wheels, it was all about them.....

Did
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Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

The cottage is now done up. It is much better than either of us could have imagined. Keep the faith if you find yourself it the same boat. We got in several Irish tradesmen to assist. The quality, generally, was much, much lower than we would find in Australia, but the price was much cheaper. The plumber was criminally incompetent, but we worked through all of that and now have a snug, european cottage.

My parents visited. They stayed for 2 months (we slept in the attic as the place is so small). That did my fucking head in at first, as it did my wife, but in the end they relaxed a bit and we got used to it. We spent 3 weeks in France with them, which I really enjoyed - one of the benefits of having a European base.

Summer in Ireland is completely different to winter. In winter the whole place shuts down pretty much, and with good reason. It is dark, cold and wet. Days are extremely short. We found it quite depressing, especially with the long conveyance and no guarantee of success (due to Irish law). It could well have been a failed, expensive experiment.

Thankfully, it wasn't.

I expect this winter to be much more pleasant, safe in our shiny cottage. We still hope to housesit for fun and adventure.

As I mentioned elsewhere, the prospect of being resident here for 3 years and nabbing an Irish passport seems more of a possibility.

Next steps: working on health and fitness (took a dive in the Irish winter post Oz trip), and, put some fun, money making schemes on the slow boil to try and increase and diversify income.

PS - I might mention Ireland has an extremely strong second hard market. You would be mad to buy many things new. Almost all of our home, including our kitchen, is second hand. So many people are leaving here, there is a bargain a minute. The old idea that you double your spending power you double your income really becomes apparent. An example, an Ikea desk was picked up last week for 10 Euro. How much new? I don't know, but more than that. It's like an income multiplier, except dead simple to implement.

Hankaroundtheworld
Posts: 470
Joined: Mon Feb 24, 2014 4:50 am

Re: Ex-lawyer

Post by Hankaroundtheworld »

Hi, just read it all, and I am a bit surprised why you choose Ireland without checking on tax and living conditions (and related costs), but perhaps there is an emotional reason to be there regardless what the situation. Good thing, human beings always will find a way to turn a challenging situation into something liveable, so all the best for your journey in Ireland (it is indeed a beautiful country).

Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

Hi Hank. The plan was really to park some modest equity there from an overpriced Oz property market and buy a whole cottage in Europe. Ireland was attractive because the wife had a passport mainly but they also speak English (makes it easier to do something like buy a house). Their property market is also shot. I have never committed to staying, so the fact I have stayed shows I'm still having fun.

Re the tax etc. I guess I'm not a little bookworm at home calculating everything. I'm on a wild, mad adventure with my wife and to some extent we threw caution to the wind in doing this. It could have easily have failed. But if the house evaporated in a puff of smoke we would just get on with it so we didn't have everything on the line.

And it seems to have worked out.

We went to Cork today, which I really enjoyed.

Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

PS - Your planning suggestions certainly would have been logical. But it wouldn't have affect my decision.

Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

We have started the housesitting. The first one was a hoot. 11 nights for free in a desirable part of Ireland. It was like a holiday from a holiday. We have 4 others lined up in 3 countries before the end of Jan, including a month in France and a few weeks on 2 islands off Ireland.

Financially I wouldn't mind topping things up a bit. We have taken a hit with the exchange rate. And I do get a sense we are going backwards somewhat (some unexpected tenant costs). If we spent more time in a computer and less time exploring the country then we would spend less on fuel, but that isn't going to happen I don't think. The housesitting at least allows us to stay in the same spot and explore locally rather than driving long distances often.

In terms of increasing the cash I'm not sure exactly what to do. I'm aware of all of the options, including the preferred commercialisation of an existing interest, preferably in a passive or automated manner. Easier said than done.

Foodwise we have concluded we get the best bang for our buck cooking Indian style meals with dried pulses etc at work along with meat curries and veges.

Mentally summer was much better than winter. Bit of a mind-f*** for someone from a warm climate. I'm hoping this winter will be better than the last as we have bought and renoed the cottage so that stress isn't there.

Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

We have spent the past 4 months housesitting all over the country. I think we have have stayed in 8 places: 2 islands off Ireland, athlone, belfast (twice), dublin, wicklow, kinsale - I think. For those who enjoy slow travel, and are FI or have location independent gigs, I cannot recommend it enough. We have loved - and that isn't too strong a word, every single sit. We relished going to new locations and exploring the local (natural and historical) sites. We fell for pets. We enjoyed meeting locals and hearing their views of the world. We have shared meals and the odd glass, and it has been a whole lot of fun altogether.

Today we drive for France, via a 17 hour ferry, where we will stay for 5 weeks. We are looking after Alpacas, as I've mentioned elsewhere. The English couple are expecting us and are preparing us a duck. It will be hugely exciting. And of course the accommodation is free - you just have to look after the house and pets.

Between sits we return to the cottage. It is almost like a holiday from a holiday from a holiday, if you can process that. It's exciting to return home, and keeps it fresh.

We have almost fixed the damp in the bedroom (the cottage is stone, and there was a broken downpipe). Rather than buying a dehumidifier, I posted to the Facebook free things/sale group and I got offered 2 for free. Someone also offered one down the pub when I mentioned it. A bloke even offered to plaster the walls for us as a helping hand!!!! (Which he did!!) Note I didn't beg, I just said hey we had a damp wall and would anyone be so kind as to lend us a dehumidifier. People want to be kind, I think.

We give back by giving away stuff we don't want (as much as possible, is my view). I have also been asked by a respected fellow down the pub to join a small group of 3 in the parish that helps out people who need a hand. It isn't religious or for publicity, but if someone is in the shit and needs say a ramp built they will try and work out how to raise the money to build it, just on the quiet. I've never done anything like that before but it sounds like a good thing to do so I'm going to take him up on that when I get back from France.

My wife continues to obtain her wardrobe from charity stores. I think I read in Jacob's book that the best place to shop is a rich area, and how true it was in Wicklow, just south of Dublin. Wonderful as new clothes for free basically. What a hoot.

I don't seem to need a wardrobe.

(As a side, we have really noticed that if we want something, and say no, let's not buy it just now, then within months it seems to become available for free or at a very low cost. This may not work for houses, but it sure does for smaller things).

I have been sniffing around for part time remote gig. Not the most attractive for employers granted, which I guess is why I am still largely unemployed. But I can set my terms (and again, wait) thanks to the way we are structured. I think finally something fantastic may have come along, helping an old client negotiate some agreements in Europe. Anyway, the main thing for me is that I'm excited by it, will boost the coffers, and won't involve an office or a full time gig. Strictly it will be half time, but I think I'm 2-3 times more efficient than they think so it will be much less than that with a half time salary. I won't be misleading anyone as there are no timesheets, just helping out.

We aim to invest 100% of the post tax salary, although it will also operate as a safety net as we don't have much cash on hand, and our investment is a house basically, and we live in another. I've an idea to split our investment home into two - we could rent the other out or live in it (rental from two would be more than rental from a larger one I think). It would basically be a small self contained area within the larger house. This would cost cash we don't have so that would be handy.

Anyway that gig isn't locked in. I think I will find out next week. I've a call scheduled from France!

I'm still helping out an old mate for 400 bucks a month. That is no drama at all, and almost no time. I enjoy it.

The much feared winter has been a pussycat, although a little wet (jeeze that doesn't sound right). It may well be mild or whatnot, but we are really enjoying living here even during this time. That is a great relief and increases our longer term options.

This year will be more of the same with the housesitting, although hopefully supplemented by the part time gig (which, I might add comes with a strict no-dickhead policy). It is initially for 3 months, but if it ends then well that's fine.

thrifty++
Posts: 1171
Joined: Sat May 23, 2015 3:46 pm

Re: Ex-lawyer

Post by thrifty++ »

Sounds like your having an awesome time! Would love to do house sits.
You mentioned that you are needing some cash from your part time job. I also don't quite understand your financial position when you left your job from your first post. Was it a $500k house plus $40k leftover or was it you sold the house and had $40k remaining in total?

Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

@thrifty We own a house in Oz worth A$600k or so I would say. We rent it out for A$550 a week. We own an Irish cottage worth maybe 80k EURO, which we live in. I get A$400 a month from helping a mate in Oz (very little, enjoy it). Maybe US$200 or so a month from book royalties. I'm hoping the part time remote gig will bring in A$100k PA (3 month gig initially) although that is not locked in. We hope to invest that money rather than spend it. That's it. Full disclosure. We also have maybe A$170k or so in forced retirement funds (superannuation it's called).

thrifty++
Posts: 1171
Joined: Sat May 23, 2015 3:46 pm

Re: Ex-lawyer

Post by thrifty++ »

lol full disclosure. Was worried you skipped with $40k and were hanging out for cash. ;) Sounds like you are right then. Nice work on getting a few random income streams. Must add to the feeling of independence.

Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

yeah i love the idea of a few random income streams. then at any given point you can suffer a loss, or tell someone to go f&&k themselves without consequence. anyway, must pack.

enigmaT120
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Location: Falls City, OR

Re: Ex-lawyer

Post by enigmaT120 »

I like the idea of house sitting, but it would obviously have to wait until after I retire.

One year I tracked the weather in Ireland (Dublin, I think) to compare it with the weather here in Western Oregon. Ireland actually had a nicer winter, with more sunshine, than I did here that year. But when summer came Ireland's weather didn't change all that much! I do love our summers here. Where I live I get over 80 inches of rain a year. Oh well, my Douglas-fir trees like it.

thrifty++
Posts: 1171
Joined: Sat May 23, 2015 3:46 pm

Re: Ex-lawyer

Post by thrifty++ »

I love oregon. For me it was the most beautiful place I visited in the US. Loved all the green everywhere. Very cosey.

Did - not sure if your already onto this but another thing I would love to do if I wasn't working was make my way around by delivering cars for free. So I have a luxury transport experience with no cost.Free petrol even. A free way to get between your house sitting locations. Not sure how common it is in Europe but you will probably know that there are loads of such gigs in NZ and Aus.

Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

@thrifty nice idea but I do think it might be hard to like up with the sits. These days I think it's the accomidation that's the killer expense.

Edit: line up the sits
Last edited by Did on Tue Apr 26, 2016 12:59 pm, edited 1 time in total.

Did
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Joined: Mon Apr 01, 2013 7:50 am

Re: Ex-lawyer

Post by Did »

France is but a memory now. We had a fabulous time over 5 weeks. Sometimes I have to remind myself that spending over a month in France would have been a dream when I worked full time in Australia. I know a rich man who used to take his whole family to France for a month every year or two and spend A$20k a pop.

He is worth about 5 million bucks and is still working full time in a stressful job (law partner).

The old bitch gave us a terrible review on the housesitting site. When you are living as we do with lots of housesitting you need to have a thick skin for this sort of thing. Of course we do not and it really shit us. We have moved on though, and at the end of the day we got a month of free luxury accommodation in return for a slight ego hit.

We have had a little housesit fatigue back in Ireland. It's a great concept, but we are booked until the end of June, and at that point we will have been sitting pretty much for 11 months. I had a goal to be able to snare sits at will when I started, and I can say we have done that. It's in the toolbox. People write to us now and ask because of (largely) good reviews. Please stay in our home for free they say. No we often say, because we are booked and are back to the cottage from July to host guests and also consider our next move.

We are on our third sit since France. One of the sits was at Howth Head, which is where millionaires live in Dublin (well, one of the spots). We are now living in rural Clare in a house two old hippies built. I tell you what, I can see the benefit of lifetime renting but the 4k pounds these guys spent in 1991 to buy these 4 acres was well spent. The house is lovely and guess what they can live in it for decades and built up their hippy lives growing food and being chilled and not paying any rent. He said that he is the only fellow from his youth that owns property (he would be in his 60s I would say). Buying was a big win for them, and I think for many people in the long, long term.

One of my tasks is to water 8 extremely suspicious plants.

DW has scored herself an online gig using Upworks - the new elance. I wanted to point this out because a lot of the stuff we do a lot of people say to do but I don't know anyone who actually does (our age anyway). Quit jobs (at earning peak) sell houses and travel Oz in an RV. Sell investment home and use modest equity to buy cheap cottage in Europe. And now, do a little online contracting to pad out the income. It is all possible and not just in theory.

It's interesting how much a little work does pad out the income. Seeing how wealthy a lot of the online escape crowd is - I mean really wealthy (millionaires) with massive incomes - I can't really relate. We are really ERE territory and need to use our brains to survive. Anyway there is not a lot left over and we are basically spending just a little more than we earn (thanks to things like living in Ireland to get a passport, doing up a cottage, travelling all over the place and so on). But our cost base is low and I do not want for anything, which, as Thoreau said, is my greatest skill. So this modest half time remote gig will increase our income by two thirds, and almost all of it will be cream as our costs are covered and I don't really want to buy anything.

It will however reduce our anxiety and save for future costs such as more flights around the place (back home for example, it's been a year and a half away), or perhaps renovating the investment home back home to allow for a small separate living space which might come in handy for us later on while still renting out the bulk of the house.

We always planned on increasing our income somehow. I had applied for part time remote legal work - setting my own terms. As it turns out, the big boys weren't interested on those terms but being FIRE of a sorts that was fine by me which is the point. Initially I had thought I would get some sort of muse going - like Mr MM's 400K a year return on his blog, but I think that's fantasy stuff for most of us and as it turns out I enjoy poking around exploring and hanging out with DW than engaging in Tim Ferris style carry on with a low probability of success.

It may be that with the misses working a little I will make an effort to increase my income just as an exercise. Like the housesitting, or the cottage or the RV living - can I do it? Will I enjoy it? Happy to try few things to see if I do. But if anything shits me it is gone, which as I said is the point.

I've been motivated by the gardens I have seen and we have seeds down to get food growing. We are collecting windows to build a greenhouse. I've also invested in a wine making kit and gear so I need to get brewing and drinking to recoup those costs. I will report separately on that but I want to try making wine 3 ways: the kit, using a fruit juice bottle (the 1 minute wine), and making country wine/jail hooch. Fuck paying Irish prices for wine - almost all of it is tax.

We have listed the cottage on AirBNB and have had 3 takers so far! That is gratifying as it was not habitable when we moved in a year ago. None have come yet so that will be interesting - the thick skin may have to come into play. If we get much interest we might look at continuing the Irish sitting so as to collect money from the house.

Pretty pleased with how things are coming along.

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