Financial Independence Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice. - January 27, 2020 |
- Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice. - January 27, 2020
- Daily FI discussion thread - January 27, 2020
- FIRE in 2nd-3rd world countries(or ones, where the income is somewhat low). Is it doable?
- How have you cultivated a FIRE mentality?
- Weekly FI Monday Milestone thread - January 27, 2020
Posted: 26 Jan 2020 10:09 PM PST 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 - January 27, 2020 Posted: 27 Jan 2020 12:10 AM PST 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] |
FIRE in 2nd-3rd world countries(or ones, where the income is somewhat low). Is it doable? Posted: 27 Jan 2020 08:26 AM PST Hey, I'm coming from one of the Slavic countries background, and here, unsurprisingly, the income isn't very high (although the amount of money, that you have to spend, in order to get by is somewhat low as well.), we're talking $500-$1k per month, with minimum spending of around 200-300$, depending on the country\area. When I started going through posts and materials in this community, I got an impression, that most people here are living in US, UK, and Western-European countries, where there's bigger amount of opportunities to save enough money long-term, or build up enough to have decent amount of finances for retirement. Question is - what should an average Joe(or rather average Vadim) from Europe's far East do, in order to set himself on FIRE(sorry, I had to)? I'm old enough to know, that there's no ultimate solution for any situation, when it comes to building up money, but still, I'd be curious to see, if there are folks from the same area, who figured something out,or, maybe, there are other options to explore here? Aside from something like "Move elsewhere". [link] [comments] |
How have you cultivated a FIRE mentality? Posted: 26 Jan 2020 04:45 PM PST Good evening everybody, hope you've had a nice weekend! The Background I've had the good fortune of starting my first real, full-time job out of college. I'm making just under $49K per year, and over the next 4 years that'll progressively rise to around $115K. I'm trying my best to start off running: I'm living at home for the next 3 years or so, maxing out a Roth IRA, putting money into my 401K (5% + 5% matched), and I've set up an Ally account to automatically take about 50% of my remaining paycheck for my emergency & investing funds. The problem I live in a pretty wealthy area; when half the cars on the road and in my office parking lot are Audis and Teslas and BMWs, it's not long before I start to dream beyond my Toyota Camry. Or I start to think about fun weekend trips to do with my girlfriend, when the trips start turning into thoughts of big vacations. Et cetera, et cetera... The question How have you gotten into the FIRE mentality? What habits or activities have you implemented, and how effective would you say they've been? And how do you manage expectations that come with a growing salary? Thanks! [link] [comments] |
Weekly FI Monday Milestone thread - January 27, 2020 Posted: 27 Jan 2020 12:10 AM PST 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] |
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