Financial Independence Daily FI discussion thread - June 28, 2020 |
- Daily FI discussion thread - June 28, 2020
- At what net worth or income did you feel comfortable having kids?
- Interested in moving somewhere with cheaper housing for FIRE. To people who have done this already, how did you decide where to move?
| Daily FI discussion thread - June 28, 2020 Posted: 28 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]  |
| At what net worth or income did you feel comfortable having kids? Posted: 28 Jun 2020 11:34 AM PDT Daycare expenses are around 20k/year, plus maybe another 10-15k/year for other expenses. That means having two children could potentially cost 60-80k/year for the first 5 years and about 40k/year recurring (saving for college) with this back of the envelope calculation. So when did you feel comfortable financially to have kids, and how much do you (did you) spend on kids per year? Did having more kids decrease the cost per head? What strategies do you have for people who want to FIRE with kids? EDIT: I'm thinking maybe CoastFIRE is the time to have kids? [link] [comments]  |
| Posted: 27 Jun 2020 08:08 PM PDT Been living in NYC for a while, and have built up a decent sum of money. Not interested in settling down here though, and want to find somewhere a bit cheaper to live. My brothers/sisters also actually want to move, so it's going to be a whole big family event! The thing is, I have no idea where to actually move or how to choose. The requirement is basically just that it's within a 5 hour drive of NYC, has relatively cheap housing, and has similar-ish weather/natural disasters compared to NY. That's a ton of places though, and I have no good way of picking. Is there really any good way to pick though? I've tried finding some lists online of good places, but every list seems to have different places. I guess that means picking any of them would be fine, but it's a big decision so i'm looking for the best way. Has anyone here done something like this already? How did you choose? Any good resources for finding a place? [link] [comments]  |
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