Financial Independence Update to: “35f new mom. Quit job or not?” |
- Update to: “35f new mom. Quit job or not?”
- How many FIRE folks (used to) work remote/from home?
- Daily FI discussion thread - October 27, 2018
- 30M at a critical turning point looking for advice
- Anyone wonder if a FIRE-type strategy is required just to retire at 65?
- Great article on post-FI challenges
- Any FIRE stories from long-term freelancers?
| Update to: “35f new mom. Quit job or not?” Posted: 26 Oct 2018 11:48 PM PDT Original post 108 days ago. I want to thank this sub from the bottom of my heart. The only options I'd presented were stay working or quit. Well, after a chorus of "go part time" I started to wonder- that's not an option at my company, but what's the harm in asking? I had a heart to heart with my boss with whom I am very close. He knows I've always wanted a baby and was aware how special being pregnant was to me (we are very close, like family - he's my parents age and has often referred to me as like another daughter). Anyway, there's history there and he knows my heart and that I'm devoted to my job but that I've always craved being a mother. So I basically leveled with him and told him I was desperate to see my daughter more but I still wanted to work- what about part time? I figured his was a hopeless ask since our company is a massive power company corporation employing mostly men and there weren't any special arrangements. I was wrong. To those who nudged me to ask about part Time - GOD BLESS YOU. My new arrangement is every Monday is a work from from home w/in home nanny. I still get paid and work but if she is upset she can sit on my lap and I sill put her down for naps and giggle as she plays in the background. I get every other Friday off. So that means I work at the office 3 days one week, 4 days the next. She is not in daycare. My family pitched in to watch her and so she's never set foot in daycare. I want to cry with relief as I type this. The three day weeks are perfect and the four day weeks are a little too long but god bless this sun for helping me navigate an incredibly difficult, fragile, emotional, impulsive time. We are already planning epic trips with the babe and the money I pull in will continue to leverage her life and ours. Anyway- to those moms who are torn, I'll say the mantra I have been telling myself "EVERYTHINGS NEGOTIABLE" The babe is happy, I'm over the moon. The security and purpose I get from the job is worth more than I can say. Being my baby's mom is worth even more than that. This part time balance works for our family. Cheers and goodnight! [link] [comments]  |
| How many FIRE folks (used to) work remote/from home? Posted: 27 Oct 2018 11:34 AM PDT Working remote has grown in popularity over the last couple of years, and while it's normally associated with tech, I know a couple of people in other industries who have remote jobs. I'm curious how many FIRE folk do so, and how it has affected your goal. edit: typo [link] [comments]  |
| Daily FI discussion thread - October 27, 2018 Posted: 27 Oct 2018 04:08 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]  |
| 30M at a critical turning point looking for advice Posted: 27 Oct 2018 03:36 PM PDT I want to hopefully retire early. I have always been in some kind of debt over the years, and am way behind in savings compared to others my age. I am finally at a point where things are turning around and want to make sure I am making a right decision here. After paying off all of my credit cards, the last debt I have today is $12k on a very reliable 2013 Honda Accord with low miles. Lately I am driving about 300 miles a month (walking to work during the week). Although the car is sensible, it is sitting parked most of the time, depreciating. I am thinking I can downsize my car and remove the debt. But is that the smart thing to do? I have $20k saved in cash (no other assets). Should I?
I know this decision isn't exactly "critical" to some, but for me at this point in my life, I am ready to start heading in the right direction and this is the last of my debt. Would greatly appreciate any advice! [link] [comments]  |
| Anyone wonder if a FIRE-type strategy is required just to retire at 65? Posted: 27 Oct 2018 10:45 AM PDT Considering a lot of us out there entered the job market during the Great Recession and have diminished hope of ever seeing a Social Security check, does anyone wonder if a FIRE strategy is required just to retire at 65? Personally, I'm not sure how much stock to put in Suze Orman's advice to wait until you have at least $5 million to retire, but I'd rather err on the side of caution. I'm 33 and only within the last couple years got a job in tech where I can afford to save at least 50% of my income. Initially I liked the idea of retiring in my 40s. My strategy involves a couple sources of passive income (including rentals), investing heavily in stocks once we hit a bear market, transitioning to working remotely so we can move to a LCOL area, and (probably most importantly) not having kids. I'm lucky in that I have a cheap, handy like-minded boyfriend who can fix his own car and remodel a crappy house with his own two hands. We both started from nothing, worked our way through college without taking out student loans, and are used to living frugal. We've got a lot going in our favor, but we're also very aware that shit happens. We could both get laid off, tenants might stop paying rent, markets could tank unexpectedly. A recent medical issue wiped out my HSA, which was incredibly frustrating and helped bring us back to reality. Is this cautious approach common? Sometimes it gets depressing wondering if we're running in place, working twice as hard as our parents just to be able to retire at the same age they did. Right now we try to operate under two principles: a) hope for the best, but expect the worst & b) shoot for the moon because even if you miss, you land among the stars. Or at least don't have to work til you're 80. [link] [comments]  |
| Great article on post-FI challenges Posted: 27 Oct 2018 12:36 PM PDT This is a great article on post-FI challenges. We often discuss the upsides of not having to report to work for annoying bosses, but there are some challenges to being free 24 hours each day. Do these challenges resonate with you? Do you have other difficulties post FI? [link] [comments]  |
| Any FIRE stories from long-term freelancers? Posted: 26 Oct 2018 06:35 PM PDT Read stories from gov workers, trades, traditional jobs... What about people who were self-employed for the major part of their career? How did you manage to FIRE without any pensions, health insurance, etc. Is it even conceivable? [link] [comments]  |
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