Financial Independence Daily FI discussion thread - June 12, 2020 |
- Daily FI discussion thread - June 12, 2020
- Has anyone made the mistake of disclosing to someone (a trusted friend, mind you) that they are in a good place financially and then regretted it?
- *UPDATE* Welp, I'm still back in the workforce, and it's kinda a blast this time!
- Any nomads here?
- Weekly FI Frugal Friday thread - June 12, 2020
| Daily FI discussion thread - June 12, 2020 Posted: 12 Jun 2020 01:07 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: 12 Jun 2020 11:09 AM PDT In my case I received a pretty significant inheritance and my friend knew the relative who passed away was well off and asked if I had gotten an inheritance and when I told her that I had, she kept throwing out ballpark numbers until I indicated which range it was in. She then gave me all kinds of "advice" about quitting my job, leaving my husband and getting a grotto installed at my home. As if all of that want obnoxious enough, now simple texts that shouldn't involve $$$$ now do. Example: We're going on a road trip soon and instead of asking if I'd be willing to drive, she sends this: "Any chance we could take your car but I drive? I get so car sick if i don't. Mine has $160,000 miles on it and I still owe $13,000 - so the less I drive it on trips the better." I'm worried that her knowledge of my finances will forever taint our friendship and I don't know if there's anything I can do about it. Edit: I absolutely don't mind her driving my car and not using hers, that's truly not an issue! It just seemed a bit odd that she threw the balance of the loan into it. I can't recall a time when making driving arrangements with a friend anyone had mentioned how much they owe on the car. This could all be my totally warped perspective, but I immediately felt like I needed to offer to pay it off for her or something. The good news is, I didn't! [link] [comments]  |
| *UPDATE* Welp, I'm still back in the workforce, and it's kinda a blast this time! Posted: 12 Jun 2020 05:30 PM PDT This is an update to this post. It feels like it's been so much longer than two months! First, some quick numbers. I retired ~18 months ago with 1.25M. Over the course of the next year, then covid, then now, it went up to 1.5, down to just under 1M, and finally back up to where it currently is, which is just over 1.4M. This is all very volatile, but I don't much care, because I am (relatively) young and STEMmy. The entire work dynamic has changed, and it's 100% for the better. I walked back into my old salary, but with lessened responsibility and a simplified management structure. For this, I did sacrifice some non-salary compensation I had been getting, and it was well worth the trade. I enjoy my coworkers again! I don't have to deal with the ones I despise -- another pre-negotiated thing -- and I don't have to act as a mentor or authority figure. I'm sure they're enjoying it as much as I am. I make a far better coworker than boss. Where I once was emotionally invested, I've now shucked off all decision-making, customer interactions, and stakes. I don't have to fight ridiculous ideas any more (that's my boss's job), I don't have to deal with any constituencies internal or external (boss's job), don't have to care that easy wins aren't being taken (boss's job) etc (boss's job) etc (boss's) etcetera. That job was once mine. I wouldn't touch it now for anything. I just can't tell you how liberating this single thing is: I used to work in order to retire. Now I work in case I want to build a tennis court. On that hangs all the difference. I failed in one specific area. I told myself when I went back to work that I wouldn't save like before, and that I'd spend a hell of a lot more. Well, I don't save like I used to, but it's still pretty much impossible not to max out the 401K, the HSA, and the ESPP. I am being certain to save nothing beyond those, and my plan is to cash out the ESPP asap biannually (which should result in no income) and spend it. I just haven't figured out on what yet. Anyway, that's my rambling update. To the two of you still reading this, thanks for letting me ramble, and happy FIREing to you all! [link] [comments]  |
| Posted: 12 Jun 2020 05:10 PM PDT Getting paid from high CoL locations while living in low CoL locations is a great way to FIRE earlier or more comfortably. So I figured there must be people here who are digital nomads. If you'd to answer anything below, that would be cool. I'd like to learn as much as possible from people doing this. 1- Where did you live? How long? 2- What was your yearly/monthly expenses? 3- You worked from home or other places? 4- Would you recommend any specific places to stay? 5- What are your long term plans? 6- How was your social life during travels? 7- (If you settled down) Where did you settle down, why did you settle down and why there? 8- What do you think about the CoL differences in 2030, 2040 and beyond? Maybe this lifestyle isn't sustainable. 9- What was the best and worst thing happened so far? 10- Traveling helped you with investing? Maybe you bought and sold a property 11- How do you maintain your friendships/relationships if you always travel? 12- What are some great hidden spots to live for 1-6 months? [link] [comments]  |
| Weekly FI Frugal Friday thread - June 12, 2020 Posted: 12 Jun 2020 01:08 AM PDT Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed 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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