Financial Independence People who are trying to reach FI because they dislike their work environment, what is it you dislike? Have you found any solutions (that don't include getting a new job)? |
- People who are trying to reach FI because they dislike their work environment, what is it you dislike? Have you found any solutions (that don't include getting a new job)?
- 5 Years of Tracking
- Daily FI discussion thread - June 04, 2018
- Weekly FI Monday Milestone thread - June 04, 2018
- Matt Leblanc discusses wanting to retire early (Conan Aug 21, 2017)
- Teach me about home equity related to FIRE.
- What is the better investment?
- I sort of retired by accident and now I don't know what to do
- What exactly do you all mean by "cash"?
- 4 Years of Net Worth Tracking including Numbers & Graphs
- TIFU by maxing my CC to make a podcast and company that seeks to spread Truth & Love through absurd Novelty (M) - tips & advice would be so sweet :)
- Financial state breakdown
- Has anyone made a good calculator/spreadsheet to compare return from using a set amount of money to buy and rent real estate to investing that same amount in stocks/funds over the same time period?
- FI getting started - Roboadvisor or Self-direct brokerage
- People who are trying to reach FI even though they like their work environment, what is it you like?
- Do you use a three-fund portfolio? What's in it and how have your returns been historically?
| Posted: 04 Jun 2018 05:44 AM PDT I assume that a lot of people want to hit FI because they hate their job. If this is the case, what is it that you dislike about yours? I'm interested to see if a lot of the issues that cause people to dislike their job are shared problems, and what people have done to counter these issues. My work environment is extremely toxic, backstabbing is rife, and every single day I want to say FU when I don't yet have that FU money! [link] [comments]  |
| Posted: 04 Jun 2018 08:34 AM PDT I was inspired by the 3.5 year post that someone did yesterday to finally post my numbers over the last 5 years. They're not totally impressive and they're probably fairly average. Still, I wanted to show what someone with a lower income and a few headwinds can still do to head towards FI. 1) Got my first job after college The graphs are from the end of April, so there's a month disparity between then and now. In the mean time, we've had our first child and I've been working almost a month at the new job as well as picking up some side work. NW hasn't changed much in the past month. 2018 is estimated to be slightly negative due to a couple of factors. First, being unemployed for two months doesn't help. Second, the job I did get is a contract position through an LLC I created so net 45 added onto monthly billing means 2 extra months with no pay as well. Cumulative Earnings/Savings/Spending This is the graph that I find most interesting. Most people just show the NW graph, but this has the numbers behind that all laid out. Headwinds Since this is a post about what it looks like to attempt FI while having some headwinds, here's a short rundown of the headwinds we face: 1) Disability. My wife is disabled, requiring decent medical expenses every year and she will be unable to work a full time job that doesn't involve sitting down. It's a little more complicated that that, but that's the gist of it anyway. We've learned a lot from this experience so far. We're fairly grounded and in a good place to keep going from, but it's not as easy as it looks for a lot of the boast posts you'll see. It can be done even on hard mode, but it'll take a lot more time. So don't give up on your quest for freedom in the face of a little unemployment or a few hard knocks from life. [link] [comments]  |
| Daily FI discussion thread - June 04, 2018 Posted: 04 Jun 2018 04:09 AM PDT Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Weekly FI Monday Milestone thread - June 04, 2018 Posted: 04 Jun 2018 04:09 AM PDT Please use this thread to post your milestones, humblebrags and status updates which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Matt Leblanc discusses wanting to retire early (Conan Aug 21, 2017) Posted: 04 Jun 2018 09:38 AM PDT Matt Leblanc describes what he wants after he retires and it sounds like a lot of folks on here [link] [comments]  |
| Teach me about home equity related to FIRE. Posted: 04 Jun 2018 08:35 AM PDT I'm banking on the "Stupid questions are the ones you do not ask." concept so here's my question: When thinking about your financial independence, how do you factor in the value of your home? Generally speaking, I have never considered my home an asset regardless of equity, and I'm starting to wonder if I'm just doing it wrong. Can anyone here enlighten me to how FIRE looks at home equity? Edit 1: Well, I thought this would just be one person with a one sentence answer followed by the word "noob". Thank you all for your input. I'll read and consider all of it as it appears to be more depth here than I had expected. [link] [comments]  |
| What is the better investment? Posted: 04 Jun 2018 03:51 PM PDT Dear Fellow FIRE seekers, Asking for a friend of a friend... If your goal is to achieve FIRE in a few years and live off of your dividends for the rest of your life... What would be the better investment of $10K right now: a stock that is approaching a 52 week low and has a dividend yield of 6.16% (like T) OR an ETF (like VYM or IVV) that provide safety in diversification but have a much lower dividend yield and are also highly priced right now? There is also the 3rd option of not investing anything and hoarding cash for the impending bear-market-apocalypse. But, nobody knows if and when that will happen... let's assume you must make a choice of how to invest now and your want your future self to be happy with your choices. [link] [comments]  |
| I sort of retired by accident and now I don't know what to do Posted: 04 Jun 2018 02:34 PM PDT I stumbled into a job that feels a lot like retirement. 45k/year with great benefits for a remote position where there is rarely more than two hours of easy work all day. I'm a bit of a workaholic who does well with deadlines, structure, competition, etc. so this is not what I expected my career to be, and I don't know how to manage myself. I'm 23, and my day looks and feels much more like a grandparent's than that of all my friends. It's just odd. Don't get me wrong – it's really, really great, and I don't think I'd consider giving it up for less than 100k/year. But I don't know what to do with myself, both on a day-to-day level and on a broader one. I have a creative passion which I'm pursuing, and some related freelance work, but I'm bad at managing those without much structure. This situation will be amazing when I want to be a parent, but I'm about 10 years out from that. I like travelling, but, ironically, I don't love it as much as the people my age with inflexible jobs seem to long for it. I've taken some small trips, and loved study-abroad in college, but at this point I don't particularly want to go wander around far-away places alone more than a few times per year - plane tickets feel like throwing money away, a bit. I'm good at saving money, have no debt, about 13k in savings for a planned move, 6k in retirement so far (and will do my best to max out all available retirement options in the coming years). Help – what do I do with my life with this unicorn of a job? You've all dreamed out what you'd do in my position, right? Tell me what you'd do if you were me! [link] [comments]  |
| What exactly do you all mean by "cash"? Posted: 04 Jun 2018 01:23 PM PDT I don't understand what everyone means when they mention their "cash" assets. Does this mean a safe in my house with physical dollar bills? Does it mean super stable investments like bonds, etc. Does it mean in my checking account that I can access at any time? Does it matter? Thanks! :D [link] [comments]  |
| 4 Years of Net Worth Tracking including Numbers & Graphs Posted: 03 Jun 2018 08:09 PM PDT I was inspired by the previous post (3.5 years of net worth tracking) to post my own when I realized that I am just 3 weeks and a few thousand dollars shy of two big milestones in my own journey: a $500k net worth & 4 years of bi-monthly net-worth tracking. I started in June of 2014 just before the startup I was working for was acquired. I've since gotten married, quasi-retired and bought two rental properties and a boat. It's nice to see how far I've come and having documented all of this to see that despite some major life changes, like going from earning 6 figures to less than a third of that hasn't had a major negative impact on my situation. Luckily I had enough of a diversified income stream that the major drop in my W-2 income didn't put me into a negative situation. I'm not seeing the exponential growth I would have if I were still making a massive salary, but have massively scaled back on how much I'm working, made a huge improvement in my lifestyle. I'm still living below my means and my investments are doing most of the heavy lifting for me. For those of you out there considering an early retirement. Remember that you don't have to go cold turkey. It doesn't have to be all or nothing. Just knowing that you don't HAVE to slave away at a job you hate, can open up some pretty amazing doors. Like moving onto a boat while you sail around the Caribbean in semi-retirement doing some consulting to cover the rum allowance :) https://drive.google.com/file/d/1gBqyFqUEQdws9vFBoRMLrEILF8AqY4l4/view [link] [comments]  |
| Posted: 04 Jun 2018 03:47 PM PDT This actually occurred on May 31st, just a little while ago; I founded Sappywritinginc ( well technically SappywritingLnc for tax reasons; the lnc stands for Love Never chooses-> it fucking doesn't which is how I fucked up). This company incapsulates a podcast Doe & Elk Productions, an Instagram full of weird shit [weird Instagram ](www.instagram.com/sappywritinginc) and will eventually sell cool shit such as CBD gummy bears, t shirts with logos and dark chocolate covered espresso beans! [I recommend the 5min short episode with trailer park Marc as a taste tester. We talked about shrooms yesterday and ran around a grave yard~it's so short that you will know right away if you dig it or hate it] You may be saying; "hey Griffin, what the fuck man, it does not sound like you fucked up?" Well, I would respond to that rather poorly; it's not fucked up in a negative sense... It's fucked up in a positive sense! I can feel this thing ( whatever it is; but it's sweet as cherry pie); quickly swallowing me whole; and boy do I love it ! Me and my soulmate (Christianne~ she is a henna artist with a beautiful mind for design) will be your guys' (humanity's) servants from here on out,helping in any way we are capable of; mostly creative bullshit, I'm terrible with mechanical stuff ( maybe I could be good at it but it doesn't interest me; except lawn mowers, I'd stick my dick in one if it didn't kill me; mowing a lawn is one of my favorite hobbies; put a podcast on, smoke a cigarette with the shirt off, get that sun. Hmmm). Anywho, if this thing ever makes profits; my goal is to save enough to get Christianne, my kids and family members what they need and some novelty ( take them on a cruise or two); than distribute the rest to helping with the African water crisis and expanding/ continuing company operations ( producing cool novel shit that makes people laugh or hopefully helps them deeply-> I fucking wish ha). Any advice is appreciated!!! If any of you folks want to podcast some time; feel free to message me or email or give me a phone call. My telephone number is on the website and address; please don't show up to my front door without a box of brown sugar sugar free Quaker Oats oatmeal please. ;) I love all of you very much, even if I don't know you, it's there man, it's FUCKING there. Sincerely, Griffin TL;DR~ Started love fueled company with my soulmate that Is dragging me by the bullocks. It's a positive fuck up I suppose. [link] [comments]  |
| Posted: 03 Jun 2018 04:55 PM PDT Hey, I like seeing people's money breakdowns so I figured I'd share mine. I'm a 28 y/o male. Working in niche tech for about 6 years. Money Breakdown Salary History Those were living in a medium cost of living area. The last job was fully remote so I got to save a ton with no commute. My car died and I didn't buy a new one, and I cooked at home pretty much everyday. I'm changing jobs to a high cost of living area and my total comp is going to 275k. Some rough math, with housing cost increases factored, I should be banking 40k more per year post tax. This also means moving to California which me and my partner are both stoked about. Personal Tested out of highschool cause my grades were shit and started going to community college. Got sick of that and went to work. Got sick of work and went back to school. Eventually transferred to a university. Started as a physics major but took a CS course and did really well (I was kinda shit at physics cause I was behind in math, the stuff I learned made sense as I made it through the math courses toward the end of my schooling). Switched to CS major and got obsessive about programming. It was a bit of a shit school (state school, commuter campus), so I lucked out with an internship at a company in my future field, built a ton of connections there. Graduated college with no debt, thanks to my dad. That's been a huge advantage. Still only had a thousand dollars in the bank, but starting from zero is a lot more than most people get, so I'm thankful for it. I hated apartments and when I had saved up my first 20k I threw it all on a down payment for a cheap house with a nice yard. Been here 4 years, changing jobs for higher salaries every so often (also because I get bored). I got my masters at night while working, employers paid for part of it. Plans With the job change I should be getting a sizable starting bonus and moving expenses paid out in a month or two. That should push me over 300k net worth. Maybe close out 400k by the end of the year. I know it's a meme, but I'm trying to hit 1 million before 30. No big deal if not, but I like to have goals. I only have about 1 year left, so I am working on a side project (education course) that could make the push. My FI number is 1 million. That's 40k a year and I can survive on that. I'm not a fancy dude. RE is a little different. It would be nice to own a house somewhere with great climate (in the US). Houses in Hawaii are expensive, so that might push RE to 1.5kk or 2kk. I enjoy what I do though, my goal is just to do it for myself on projects that I care about, so maybe never RE. [link] [comments]  |
| Posted: 04 Jun 2018 12:16 PM PDT |
| FI getting started - Roboadvisor or Self-direct brokerage Posted: 04 Jun 2018 02:37 PM PDT Have about 7500 in Roth and 50-80K per year to invest for LT and 50K that will be needed in 2 years. Have read many FI sites that give pluses and minuses, but... Any suggestions on whether to use roboadvisor that starts with a B, or to go with self-directed at Fid? [link] [comments]  |
| People who are trying to reach FI even though they like their work environment, what is it you like? Posted: 04 Jun 2018 11:26 AM PDT |
| Do you use a three-fund portfolio? What's in it and how have your returns been historically? Posted: 03 Jun 2018 08:48 PM PDT Hey FI, I'm in a windfall scenario so I'm working on a taxable brokerage account only for now. I'm curious about setting up a three-fund (or simplified) portfolio to generate income. To get a better understanding, I'm curious what folks have in their own three-fund portfolio and how their returns have been historically. Thanks! [link] [comments]  |
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