Financial Independence Daily FI discussion thread - October 01, 2019 |
- Daily FI discussion thread - October 01, 2019
- Renouncing US citizenship to avoid paying US taxes
- Interesting MarketWatch article on FIRE
- Lifestyle inflation on the final home stretch to fi. Has it happened to you? What did you do?
| Daily FI discussion thread - October 01, 2019 Posted: 01 Oct 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]  |
| Renouncing US citizenship to avoid paying US taxes Posted: 30 Sep 2019 08:34 PM PDT Hey folks, Looking for any personal experiences from people who have renounced their citizenship in order to avoid paying US taxes while living in other countries. According to this article, getting back into the US to visit friends/family wouldn't be an issue: https://www.advisor.ca/columnists_/max-reed/tax-consequences-of-renouncing-u-s-citizenship/ Does anyone know how deeply they probe in order to evaluate your net worth? [link] [comments]  |
| Interesting MarketWatch article on FIRE Posted: 01 Oct 2019 08:21 AM PDT I sort of agree, I view FIRE more appealing for the freedom and security that comes with it, rather than retiring especially early. I want to be able to pursue many things, and having a comfortable level of assets/savings helps ensure that I can do so safely. Thoughts? [link] [comments]  |
| Lifestyle inflation on the final home stretch to fi. Has it happened to you? What did you do? Posted: 30 Sep 2019 11:49 PM PDT Ever since I had to start living on my own I've been so frugal. I even paid off my student loans in three years making less than 30,000 after I graduated. Now I've got the house and the renters paying the mortgage and I just want to spend. I want to eat out. I feel sick of cooking at home all the time in bulk and eating the same thing for a week. I think I'm starting to feel the creep. And yet I spent an hour talking to garbage companies trying to figure out which is the best deal. I go back and forth. I have no idea what's going to happen when I hit fi. My current plan is to pay off the house with roommates fast like my student loans. Then gain fi from the roomate income. I don't want lifestyle creep to get in my way and I don't want to feel the need to blow my money when I hit fi. I've even been feeling like drinking more often which I haven't been doing in the past because alcohol costs me my money and calories lol. Has anyone else had issues with losing speed in the final stretch? How do you deal with that and combat it? I don't want to watch it spread out of control. I've done so good so far. [link] [comments]  |
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