Financial Independence Time to revise the rules? Let's talk. |
- Time to revise the rules? Let's talk.
- Daily FI discussion thread - July 29, 2019
- Weekly FI Monday Milestone thread - July 29, 2019
- Thoughts on buying a home in HCOL and/or future retirement in LCOL area?
- Any tips on becoming financially independent as a teacher? Any personal experience or tips?
- Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice. - July 29, 2019
- Daily FI discussion thread - July 27, 2019
| Time to revise the rules? Let's talk. Posted: 29 Jul 2019 07:31 AM PDT Hi, everybody. Nevion03's recent post sparked a good bit of conversation about the community's current ruleset. Topics included the nature of self-promotion, what might make a thread too big to remove or refer elsewhere, and how best to welcome influxes of newcomers. This begged a question: is the current ruleset still adequate to the community's needs? To address that, the staff has drafted a revision proposal that we'd like to submit for your consideration. The draft's goal is to clarify existing rules, eliminate grey areas, tighten up the language, do away with redundancies, and—to the minimum degree possible—fill holes by proposing new rules. We've also drafted a couple of items for inclusion in the FAQ: a clarification of brigading and a description of the automoderator's function. Our plan is to leave this draft up until Monday, August 5th, after which we'll revise it and implement it…or not, depending on your feedback. Implementing some rules but not others is also an option. We're not all gonna agree, of course, but hopefully a consensus will emerge. And do you have suggestions for other rules? When making a top-level comment it'll be EXTREMELY HELPFUL if you first quote the proposed rule and then your commentary. That'll save everyone a bunch of scrolling. If you're replying to a top-level comment, don't bother quoting. No need. One more thing: we'll soon be calling for moderator applications. Thanks as always… —— Rule One: Staff The staff will facilitate the discussion of FIRE, not control its direction. However, facilitation may involve certain acts of control, e.g., enforcing the rules. Impersonating staff is forbidden. At the staff's discretion any post *may* be left up if the amount of FIRE-related discussion it elicits shows it to be of value to the community. Note: the phrase "the amount of FIRE-related discussion it elicits shows it to be of value to the community" is an obvious grey area in the decision whether to approve a post that's weakly or implicitly-related to FIRE. Assigning this decision to staff discretion rather than establishing an entirely objective standard—i.e., a set number of upvotes and comments within a certain time period—is an attempt to reach a "best bad" solution, since an objective standard would be extremely difficult if not impossible to agree on, implement, and monitor. Edit: consensus seems to be emerging that this rule doesn't belong. Perhaps a section in the FAQ about "here's what you can expect from the moderation team" would be more appropriate. Point has also been made and taken that the term "moderators" is more appropriate than "staff." —— Rule Two: No link-only or quotation-only posts If you'd like to link to something, please use a text post. Explain in the post why you're linking and what's interesting about the link in the FIRE context. —— Rule Three: No general personal finance or investing posts Consider, whether you'd be better off asking in a daily/weekly thread, /r/personalfinance, /r/investing, /r/entrepreneurship, /r/realestate, etc. Also, USE THE SEARCH BAR BEFORE POSTING QUESTIONS. Your questions may already have been answered. Examples include "How can I make more money?", "How can I get out of debt?", and "Should I rent real estate, or buy it?" —— Rule Four: Read the FAQ before posting If it's clear you didn't read the FAQ, your post will be removed. —— Rule Five: No spam Direct attempts to monetize traffic are prohibited everywhere. Examples include spam, posting affiliate links, offering products or services for pay, etc. Indirect attempts to monetize traffic and/or increase one's social media presence are permitted in the weekly self-promotion thread and nowhere else. E.g., posting a link to your blog when your blog has ads in the sidebar. Edit: perhaps a title more like "No spam, advertising, self-promotion, affiliate links, etc." —— Rule Six: Don't be a jerk No rudeness or personal attacks. Racism, sexism, ageism, etc. are prohibited. Profanity is prohibited in submission titles but allowed in comments to the extent it's used "politely," i.e., not to deliberately offend. Condescension, especially to newcomers, is considered a personal attack. Please remember it's a basic principle of logic to attack the argument rather than the person. Exception: telling someone who achieves FIRE to go fuck themselves is a congratulatory idiom; not rudeness. ----- Rule Seven: No gender discussions, comparisons, or complaints Such conversation frequently veers into violation of the rules against "isms", rudeness, and personal attack; thus alienating and driving away people who could greatly benefit from the principles of FIRE. This rule is a "best bad" solution. —— Rule Eight: No political discussion Examples of political discussion include partisanship, supporting/attacking political figures, and politically editorializing about law/public policy/etc. —— Rule Nine: No "research" No conducting research on the community without prior approval from the staff. Examples of research include surveying, broad interviews, and requests for individual interviews via DM. —— Rule Ten: No stand-alone posting of policy reminders/statements Dangers inherent in this practice include misinforming others, creating/exacerbating factionalism, and giving the impression that a single person speaks for the entire sub. Comments within posts that refer others to the rules are permitted. Edit: seems clear that a better way to phrase this would be "No meta posts without prior moderator approval." —— Additions to the FAQ: Vote manipulation: The Reddit-wide prohibition of vote manipulation says:
In /r/financialindependence the prohibition of vote manipulation is interpreted to include a fourth example: It may happen that individuals collaborate in the reporting of posts/comments they believe to be inappropriate to the sub, with their goal being to trigger the automoderator to take such posts/comments down. Although this practice is impossible to police, it's HEAVILY DISCOURAGED. A few individuals shouldn't exploit technicalities in Reddit's self-defense system to censor the discourse of hundreds of thousands. If you choose to engage in this practice, consider that our community strongly influences countless people. Real people, whose quality of life is just as important to them as yours is to you. However good your intentions might be, the harm you can cause them by blocking their access to information is incalculable. What's more, this practice is tantamount to moderator impersonation—not in name, perhaps, but certainly in deed. Again, DON'T DO IT. —— How the automoderator works: This community's first line of defense against off-topic posts, trolling, spam, personal attacks, etc. is the "report" link under every post and comment. Clicking that link begins the process of flagging the post/comment for staff review. If a post/comment gets reported three times, the automoderator takes it down so the staff can make a restore/remove decision. The automoderator doesn't send a reason for removal because it doesn't know what the reason is. Once staff has reviewed a post, the staff will more than likely send a DM to the OP explaining why the post was removed and suggesting a more appropriate place for it. Bear in mind that the automoderator is a Reddit-wide system that, while narrowly customizable, has functional limitations the staff has no control over. [link] [comments]  |
| Daily FI discussion thread - July 29, 2019 Posted: 29 Jul 2019 01:11 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 - July 29, 2019 Posted: 29 Jul 2019 01:11 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]  |
| Thoughts on buying a home in HCOL and/or future retirement in LCOL area? Posted: 29 Jul 2019 10:53 AM PDT Hi, I am looking to buy a house/condo in a high cost of living area. Looking to spend around $250-350K w. 20% down. I have built a model of my assets and project to be financially independent in 3 years. I currently rent in the HCOL area around $2K per month - looking to have a mortgage payment around $2K. If I buy a condo/house I will look to pay it off in 2-3 years. My cost of living would drop from around $55K to around $30K if and when I pay off my place. I know its not the best move paying off low cost fixed interest rate but I would like to have unlevered real estate and would bank a ton if I had a paid off place. The thing is I should be financially independent in 3ish years w/o factoring in ownership of a house/condo. I think the house/condo addition to my assets/liabilities wouldn't increase or decrease my 3 year projection to financial independence since my payment would likely be the same as I am paying now. I just don't know if I want to live in this HCOL area when I hit my magic number and not sure if I should buy or not. What would you guys do? I sincerely believe the ownership of real estate is a tremendous asset to have but not sure if it makes sense to buy with my current situation. As of right now I would likely move away from my HCOL area and buy a place in a LCOL area when I hit my magic #. Thanks. [link] [comments]  |
| Any tips on becoming financially independent as a teacher? Any personal experience or tips? Posted: 29 Jul 2019 03:08 PM PDT |
| Posted: 28 Jul 2019 11:09 PM PDT Need help applying broader FIRE principles to your own situation? We're here for you! Post your detailed personal "case study" and ask as many questions as you like, or help others who've done the same. Not sure if your questions pertain? Post them anyway…you might be surprised. It'll be helpful to use our suggested format. Simply copy/paste/fill in/etc. But since everybody's situation is different, feel free to tailor your layout to your needs. -Introduce yourself -Age / Industry / Location -General goals -Target FIRE Age / Amount / Withdrawal Rate / Location -Educational background and plans -Career situation and plans -Current and future income breakdown, including one-time events -Budget breakdown -Asset breakdown, including home, cars, etc. -Debt breakdown -Health concerns -Family: current situation / future plans / special needs / elderly parents -Other info -Questions? [link] [comments]  |
| Daily FI discussion thread - July 27, 2019 Posted: 27 Jul 2019 01:06 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]  |
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