Financial Independence 2020.Q1 Check-in Survey Results and Actions |
- 2020.Q1 Check-in Survey Results and Actions
- Grind in miserable career to FIRE seems... wrong?
- Daily FI discussion thread - May 05, 2020
- Am I right in thinking that those planning to retire around 35-38 have no children or are planning not to have any?
| 2020.Q1 Check-in Survey Results and Actions Posted: 05 May 2020 04:31 AM PDT After results of the last community check in, the Mod Team has been discussing changes and updates to the rules and the overall direction/desire for the community that we feel would better fit with what the community as a whole is looking for. One of the main points that we took away from the discussion was while the community is happy about the overall moderation philosophy that we have been adhering to, there is a desire to allow more 'random discussion' outside of the daily or weekly threads. This was most obvious through a desired increase in community surveys/Ask-Reddit style posts that have the potential to drive interesting or different discussion than normal. One of the main hesitations from the Mod Team has been drawing the line between "good community discussion" and "10th person to ask what your FI number is this week". We all understand that the number of topics to be discussed is limited and mostly talked to death already - but not everyone has been involved for years and we should be more understanding that someone is one of today's lucky 10,000. Since, and even during, the survey/check in went live, the mod team has been working towards a concept suggested by u/HughRistik of "top level posts should benefit the community, not the poster". If you have a specific question about YOUR life - then a top level post is not the best place to ask it for r/FI. Either the daily or weekly threads would be a much better location. But if you have something that can benefit the group, we want to hear it - even if the rules aren't always allowable of it. That said, there are many posts that are still borderline and discretion will fall to the mod team to make those choices on if a particular post will stay or go. These decisions have been, and will continue to be made, on a case-by-case basis - looking at not only the quality of the discussion started, but also the reports given by the community and the novel or newness of the post. As always, if a post is removed by a moderator we will reply in the thread with why. If you disagree with that assessment, the best path forward is to message the mod team with your thoughts on why a post should return live or be taken down. Note - we said both "left up" or "taken down". If you feel we have moved in the wrong direction and are letting too much stuff through - let us know that as well as when we are too strict. We do listen and discuss comments from users (even if we don't reply to you directly or even quickly) and at the end of the day, it is you guys that make the community, not us. So, going forward - we aren't making any changes to the rules as they stand. On the surface, Ask-Reddit style posts are still not allowed. We don't want to have constant and ever changing rules that we update whenever anything happens. However, the mod team will continue to use our new philosophy of "benefit the community not the poster" and continue to allow more 'gray' style posts through. So there will be a lot more posts that if they previously skirted the line were removed without much thought - now will be given focus prior to a decision being made. What does that mean for you and other users:If you want to post an Ask-Reddit style question - please do more than just post a question. Give us a paragraph or two on your thoughts, why it matters, why FIRE thinkers may be different than the normal public on this - and ANSWER YOUR OWN QUESTION. Again - benefit to the community, not the poster. You aren't going to get a post by without some effort/insight from you, so make your voice heard. That said - there is still no guarantee that the post will meet our admittedly high standards, but we are doing our best to work with posters to help them understand the why and move towards an acceptable post to keep open the channels of communication within our community. Finally[link] [comments]  |
| Grind in miserable career to FIRE seems... wrong? Posted: 05 May 2020 03:53 PM PDT Age: 29 Total Comp = $105k Expenses = $20k Net Worth = $300k Career: Corporate Finance; 7 YOE Hello everybody! FIRE has been the only thing keeping me going in my current career (found MMM 5 years ago). I've been experiencing extreme burnout for the last 2 years, and it has been affecting me mentally. I just started going to a therapist yesterday over this (hopefully this helps!)... It's made me think... Is the pain and suffering of grinding through a career you hate worth FIRE? Am I missing the point of FIRE going down this path? I feel like I should "enjoy the process" rather than the destination. I question whether "magical happiness" happens the second I'm FI. How do you know you'll enjoy RE? What a waste of time would it be to grind to FI; to realize your passions/hobbys/whatever earns money/paycheck, meaning you could have left your corporate job years ago? Not sure how to test out RE; but I'm suspicious I wouldn't enjoy it FOREVER (maybe that's a sign I'm a boring person). The grass may not be greener on the other side... Just writing down some thoughts. Anyone been in a similar situation? Any suggestions? Anyone regret grinding to FI? Or regret leaving a high salary to find out most jobs are BS? Thank you in advance! Hopefully this all doesn't sound too whiny. Simply questioning the currently path I'm on (and I'm sure others are on). [link] [comments]  |
| Daily FI discussion thread - May 05, 2020 Posted: 05 May 2020 01:08 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]  |
| Posted: 05 May 2020 07:49 AM PDT My husband is retiring at 57 and that is considered early among our friends. We have 3 adult children who we paid full tuition for Ivy League college (in two cases). Our youngest son graduates this month and my husband planned so that he would leave work around the same time. He will get a very good pension. My son calculated that most likely he will be paid longer as a retiree than as an employee (25 years) I had a huge portfolio of real estate with $3M in debt. A year ago began to get out of debt and now $1.5M. The plan is to have real estate with maximum 30% LTV. [link] [comments]  |
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