Financial Independence Daily FI discussion thread - February 06, 2020 |
- Daily FI discussion thread - February 06, 2020
- FIREing in the worst way possible
- Do people include dividend income into their savings rate?
- We don’t follow all of the rules
| Daily FI discussion thread - February 06, 2020 Posted: 06 Feb 2020 12:07 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]  |
| FIREing in the worst way possible Posted: 05 Feb 2020 11:14 PM PST I've been debating making this post for a while, and I'm not totally sure why I chose now. 12 months ago my wife was diagnosed with cancer, and 6 months ago it was deemed terminal. Her current prognosis is "several" months. Luckily living in Australia her medical bills have been minimal through this time. In addition to this, we have been able to claim her life insurance early. We've spent a solid chunk on holidays, but those are fewer as she gets weaker. Running the numbers now with all the life insurance fully invested I can comfortably retire now at 33 years old. I can think of nothing I'd prefer to do less. I'm in the middle of transferring to my dream job, my company and managers have been enormously supportive through this ordeal and most of my friends are at work. Remember, there is much more that's important in life than money. I think I might buy a Porsche.... [link] [comments]  |
| Do people include dividend income into their savings rate? Posted: 06 Feb 2020 04:42 PM PST Here in Australia we have companies that pay high dividends, so the Vanguard Australian Index ETF (asx:vas) yields approx 4% per year in dividend income. Is it best to include dividends in your savings rate or only income from salary and wages? [link] [comments]  |
| We don’t follow all of the rules Posted: 06 Feb 2020 04:35 PM PST My wife and I follow most of the tenets of FIRE and r/financialindependence but not all of them. For instance, we invest in places other than Vanguard, are aggressively paying down a 2.625% mortgage, and want to grow our family (i.e. adding working years to our journey). That said, all of the above items increase our happiness in life and therefore are our "optimal" path to FI. This journey isn't just about the shortest path, I believe it's about the shortest path that doesn't compromise your own happiness and chance at self actualization. We currently have $360k invested, $415k house, $35k cash and cars, along with a $236k mortgage (5/1 ARM @ 2.625%). This is for a 3-person household making ~$140k/year now but averaged $80k over the last decade. Are we crazy fools for flying in the face of the general philosophy of most FI seekers? How do you go against the FI "rules" to accomplish your long-term goals? [link] [comments]  |
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