Financial Independence Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice. - August 05, 2019 |
- Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice. - August 05, 2019
- Daily FI discussion thread - August 05, 2019
- What steps have you taken to make your job more bearable as you move toward FIRE?
- Those that are retired. Do you pay yourself monthly, annually, or something else?
- Please help me calculate my FIRE number for Colombia? given an average inflation per year of 4.01%
- Weekly FI Monday Milestone thread - August 05, 2019
- Those who RE but went back to corporate... what did you sacrifice?
- Statistically it is better to take your retirement withdrawals every year, vs quartely or monthly
- Ideas for intellectually stimulating barista FIRE paths?
- How old were you when you realized you wanted to pursue FIRE?
| Posted: 04 Aug 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 - 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]  |
| 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]  |
| Those that are retired. Do you pay yourself monthly, annually, or something else? Posted: 04 Aug 2019 05:18 PM PDT I am not retired yet. Still 10-15 years off. But i often wonder what paying myself using my investments will look like. Currently i am payed monthly, wife paid bi weekly. And i settle the budget monthly. Ill be using realistic-ish numbers for myself in my examples. Do you pay yourself monthly? Do you withdraw 4k every month. And live on it? Do you take out 50k in January and just dwindle it down through the year? Do you just put everything on a CC and then withdrawl the balance for the payment every month? [link] [comments]  |
| Please help me calculate my FIRE number for Colombia? given an average inflation per year of 4.01% Posted: 05 Aug 2019 11:30 AM PDT A bit of background
Questions
[link] [comments]  |
| Weekly FI Monday Milestone thread - August 05, 2019 Posted: 05 Aug 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]  |
| 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]  |
| Statistically it is better to take your retirement withdrawals every year, vs quartely or monthly Posted: 05 Aug 2019 05:36 AM PDT When I retired, I did a lot of analysis on how often should I take a withdrawal from my portfolio to pay living expenses. The options were monthly, quarterly or annually. Assume a starting portfolio of One Million Dollars and a 4% inflation-adjusted annual withdrawal. For the last 30 years, starting on July 1989 and ending July 31, 2019, if I withdrew the same annual amount I would have $8,843,787, quarterly I would have $8,833,051 and monthly I would have $8,786,622. Using other time frames and equity and bond fund combinations I came up with a similar range of numbers. All similar figures but still some difference. Check my figures on this excellent website: https://www.portfoliovisualizer.com/backtest-asset-class-allocation#analysisResults [link] [comments]  |
| Ideas for intellectually stimulating barista FIRE paths? Posted: 04 Aug 2019 10:32 PM PDT I'm drawn to the idea of barista FIRE so I can one day step away from a stressful corporate job (fwiw I'm in tech). Though I think I - and likely many of you - would want to pursue something more intellectually stimulating than actually being a barista. What ideas do you all have for intellectually stimulating jobs in barista FIRE? [link] [comments]  |
| How old were you when you realized you wanted to pursue FIRE? Posted: 04 Aug 2019 10:14 PM PDT I'm curious to some others ages when they realized this! Im still very young (19), but since 15 or 16 when I started understanding money, finances, investing, etc, I became a lot more interested in the idea of saving my money to have more in the future! I grew up pretty poor, so I've lived a frugal life. Money was always a worry and I didn't want to have to worry about it in life. When I was in my last year of high school, one of my teachers started drilling retirement and saving into our heads. Calculating, asking us how much we had saved, showing us how much it could be if we invested it. It just clicked something in me, I guess. I realized I wanted to be able to do what made me happy in life, and if I was smart, it'd be achievable. Then I started coming across FIRE related things, mostly on reddit, and realized, "Wow! This is exactly what I've wanted to do with my life." Now I'm making plans to save as much as I can, how I can utilize my skills to bring in extra money to save, and to teach myself more about investing. It'd be cool to hear your stories! Edit: I am reading your responses, by the way! I just think replying the same thing to each one would be redundant. Its just really amazing to see all these different people with the same goal financial wise. It makes me feel more motivated than ever. Thank yall so much for responding!! Yall are great! [link] [comments]  |
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