Financial Independence Daily FI discussion thread - August 09, 2019 |
- Daily FI discussion thread - August 09, 2019
- I quit my job. Possibly FI. Maybe not RE.
- Weekly FI Frugal Friday thread - August 09, 2019
- What steps have you taken to make your job more bearable as you move toward FIRE?
- Daily FI discussion thread - August 05, 2019
- Those who RE but went back to corporate... what did you sacrifice?
- Top reasons parents don’t discuss wealth with their children, but should
| Daily FI discussion thread - August 09, 2019 Posted: 09 Aug 2019 01:09 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]  |
| I quit my job. Possibly FI. Maybe not RE. Posted: 09 Aug 2019 08:59 AM PDT TLDR: I quit my job, decided to get some part time jobs to make friends. I worked at the same job in Tech Support for 10 years and I quit on Monday. I am 34 years old and I have $800k invested in the sp500. I am not really sure my yearly expenses because the last 4 years I was overseas and my business paid most of my expenses. I hated the office politics and bureaucracy and toxic environment and I quit. I am confident I made the right decision. I knew I was going to quit once I reached the 10 year mark. I had been planning to this for over a year. I might be able to live off 4% of $800k forever. I am not sure. I recently had some health improvements due to carnivore diet and all the sudden I am feeling less depressed and life is much more fun, so I want to go out and do stuff. My last job I traveled all over the world which was fun but made it difficult to make long term friendships / relationships. Now I settled down in 1 city, but I have very few friends here, and they are all married with kids and I am single. I have a job interview today for a minimum wage part time job. I want to meet people at work, make friends and create a large social circle with lots of options for stuff to do. I plan to keep applying for part time jobs at businesses with 30+ employees that are my age and hope to make friends that way. I may start driving Uber in hope that I can make friends that way also. So I guess I barista FIRE'd. I did not plan it this way. My plan was to FIRE and then just play video games all day. But now that my health has improved I actually want to go out and do stuff and meet people. Thanks FIRE for giving me the confidence to quit my job, I know I did the right thing. [link] [comments]  |
| Weekly FI Frugal Friday thread - August 09, 2019 Posted: 09 Aug 2019 01:09 AM PDT Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed 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]  |
| What steps have you taken to make your job more bearable as you move toward FIRE? Posted: 05 Aug 2019 12:13 AM PDT As titled really, struggling way more with this after starting a family. Concerned I'll look back at a bunch of 'wasted' time just to get more money. I'd love to take steps to enjoy my current job a lot more! [link] [comments]  |
| Daily FI discussion thread - August 05, 2019 Posted: 05 Aug 2019 01:10 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]  |
| Those who RE but went back to corporate... what did you sacrifice? Posted: 05 Aug 2019 07:00 AM PDT For those that retired early because you could and wanted to, but later decided to go back to corporate life, were there difficulties? I am concerned that not maintaining near constant employment, skills, and abilities will make you difficult to employ or hire. Say you retire and want to go back to corporate 5 years later. You may need to take a pay cut, a demotion, have less influence, maybe only work contractually, or literally need to start your career over because the industry has passed you by. Generally speaking was RE a pivotal decision for you where you resigned to the fact that your career is OVER and there is no turning back. (Note: this is one big reason I have not punched he button) [link] [comments]  |
| Top reasons parents don’t discuss wealth with their children, but should Posted: 04 Aug 2019 05:31 AM PDT Two-thirds of Americans who have at least $3 million in investable assets have not talked to their children about their wealth or never will, according to a Merrill Private Wealth Management study of 650 families. Also discussed here. Top reasons for not discussing money with children:
But despite these reasons they say it's important to have discussions about wealth:
[link] [comments]  |
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