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    Saturday, November 3, 2018

    Financial Independence It's about the Lifestyle, Not amount!

    Financial Independence It's about the Lifestyle, Not amount!


    It's about the Lifestyle, Not amount!

    Posted: 03 Nov 2018 01:56 AM PDT

    I was reading this article, which hit the nail on the head about what many of us are seeking. It talks about a certain standard and quality of life many of us are looking for. For some of us, we can only get that by having a certain level of assets. But for others of us, we have something like this, even without being rich.

    My last job was my highest paying ever. But I felt like I was in jail, always stressed, no access to healthy food or outlets, and could not enjoy the money. I quit and am earning multitudes less, but love waking up everyday, looking at the mountains, going to work, and enjoying the city and country after work.

    Just a reminder to keep our eyes on what's really important.

    submitted by /u/zdravomyslov
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    FIRE now featured on front page of WSJ

    Posted: 03 Nov 2018 01:08 AM PDT

    That Which Is Measured, Improves - One year into tracking here are my results and how I am tracking. Feedback encouraged! If I am missing something I would love to hear about it.

    Posted: 03 Nov 2018 06:17 AM PDT

    Here is my financial tracking workbook. The first image is my projections graph. The underlying data and a monthly worksheet to track income/expenses are the second and third images.

    Credit to /u/secondnameIA for this post last year that provided the inspiration and template.

    I am a long way off from some of the more aggressive savings rates described in this sub. The realities of my living situation are such that astronomical savings each month just aren't going to happen. But I am happy with my progress so far, and I continue to look for opportunities to improve.

    I am grateful for all the great advice and information around this sub. My life is much improved for having been introduced to this community.

    submitted by /u/Measure2Improve
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    Daily FI discussion thread - November 03, 2018

    Posted: 03 Nov 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.

    submitted by /u/AutoModerator
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    do people hate what they are doing on the way to FIRE? And why not do something you like intead?

    Posted: 03 Nov 2018 01:58 AM PDT

    I have the feeling that many people in the FIRE movement do not like the siturantion they are in. And then try to escape it by gaining FIRE instead of change what they dont like (get a new job etc). Am I on the wrong side?

    But one thing I can not understand is that people do not change their lives so they can be happy on the way there. FIRE is not a sprint but a marathon. I will never even spend 8 hours daily for 15 years on something I hated while trying to achieve FIRE. So take 18 years to enjoy it and enjoy the trip.

    submitted by /u/beer118
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    Anyone have experience with the semi-nomadic lifestyle of owning multiple properties in a few key worldwide locations?

    Posted: 03 Nov 2018 01:36 PM PDT

    I'm at the point where I'm trying to figure out the specific logistics for my overall FIREd life, and wanted to ask about one option I've been considering.

    I've toyed with things like expatriating to some place in Europe or Asia, but if we're being realistic, I'll want to be closer to friends and family.

    So, now I'm toying with the possibility of having a number of properties, moving between them at my whim, and AirBnB-ing (or similar, or just renting normally) them out when not there.

    So... has anyone done something like that?

    For the purposes of this discussion, let's assume one place in western Europe (like Portugal), and one in Southeast Asia (say Thailand), and 2-3 in North America (east/west coast and... Austin or something).

    I'd love to know a few things about it:

    1) Logistics: Is this more trouble than it's worth? If I want to be in Europe 3 months of the year and not break the bank with the living situation, are there better ways? I want this to be relatively stress-free and almost entirely hands-off once it's set up. If you're living this way, how did you do it? Just travel and shop while traveling? I feel like there might be a LOT of pitfalls, in the form of locals taking advantage of foreigners who don't know 100% what they're doing...

    1A) If we're only spending a couple months at a time anyway, is it more economical to just rent a beach cottage on a need-by basis?

    2) Tax implications: Assuming I remain a US resident, the US properties are relatively simple. Roughly how does this work with properties elsewhere? I'm sure it depends case by case, but I'd like to understand the broad strokes.

    3) Pets: On a more compassionate note, how would this kind of lifestyle affect our puppies and kitties? Any experience in that department?

    submitted by /u/SignificantViolinist
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    Has the recent market downtown wiped your annual salary or more?

    Posted: 03 Nov 2018 12:15 PM PDT

    Pretty depressing for me...I had $610K at the highest point and it was down to $520K at one point which declined more than my annual gross salary.

    Of course, its for the long run but still hurts a bit for now.

    Anyone else had that or more?

    submitted by /u/techcrium
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    35yrs old, plenty of parachute funds...can't decide what to do next.

    Posted: 02 Nov 2018 11:07 PM PDT

    I invested 11 years of my life in a tech sales job that was awesome. I work from home,travel last than once a year for work, and do things on my time and terms as long as we keep making money. We were aquired about 2 yrs ago...and things have changed.

    I still work at home, I travel maybe two times a year now, and the general moral of my team has plummeted due to new beurocracy. It's not the worst gig, but it's nothing like the good old days.

    Why companies think they can buy a group of successful cats...than try to herd them...is beyond me. Why break a successful model? Anyway...

    I have a enough to live well on for the rest of my life if I stopped working altogether right now...but I wouldn't be happy. Happiness is a series of attainable goals...or so says some wise men. I would go crazy without a career purpose.

    So...what do I do with myself...its been two years of thinking about leaving, but not sure what to start. I have a couple rental units...so, I guess I could pick up a few more and just be a full time landloard...but that doesn't reach high enough...write a book? Sure, I could try that...anyone got any other ideas?

    What would you do if money were not the obstacle?

    submitted by /u/Bonesworth
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