Financial Independence Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice. - March 30, 2020

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• Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice. - March 30, 2020
• Daily FI discussion thread - March 30, 2020
• FIRE Update During COVID Market Crash. Lost about $1MM USD.
• Weekly FI Monday Milestone thread - March 30, 2020

Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice. - March 30, 2020 Posted: 29 Mar 2020 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? submitted by /u/AutoModerator [link] [comments]

Daily FI discussion thread - March 30, 2020 Posted: 30 Mar 2020 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. submitted by /u/AutoModerator [link] [comments]

FIRE Update During COVID Market Crash. Lost about $1MM USD. Posted: 29 Mar 2020 06:15 PM PDT Well, I can't only post when times are good. Just wanted to write a quick update because people have been asking for FI people to post their statuses during all this and perhaps this will be therapeutic. It definitely sucks to lose that much (in a month!). And it will continue to suck as/if the market goes down. Here's what I've done to slow the bleeding: Moved to a low cost of living country. Lowered my monthly yearly burn rate to 1.2% of my CURRENT (after crash) portfolio. This is necessities and a little teeny tiny tiny bit of recreation/restaurant. Will get better at cooking and most things I like to do cost little money. Will continue to live here and keep this withdrawal rate until that withdrawal rate reaches 1% (or in other words until the markets recover 20% (beyond my withdrawals). Then, I'll raise my withdrawals to 2% which will effectively double my current conservative budget. Could be months, could be years. I'm young, single and flexible as fuck, so I'd be silly to not take advantage of those things to protect my future self's retirement. My pre-FI career is a bit distant after taking a couple years off, but I'm going to seek out some projects if I can get them as people get back to work so that I'm further reducing withdrawals, ideally to zero and, if I'm lucky enough, buy more equities as the markets are depressed. ​ "To be free, you must be flexible." -Nobody 2020 (but thought it sounded good) EDIT: Meant 1.2% per year (divided and spent monthly) lollll submitted by /u/LifeAfterFI [link] [comments]

Weekly FI Monday Milestone thread - March 30, 2020 Posted: 30 Mar 2020 01:09 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. submitted by /u/AutoModerator [link] [comments]

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