Financial Independence Daily FI discussion thread - August 08, 2020 |
- Daily FI discussion thread - August 08, 2020
- FIRE and not being forced to work during covid
- A Nurses Perspective....
- Are FIRE housing principles the same across both LCOL and HCOL areas?
| Daily FI discussion thread - August 08, 2020 Posted: 08 Aug 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]  |
| FIRE and not being forced to work during covid Posted: 08 Aug 2020 10:53 AM PDT First off, this is more of a rant, so apologies for that. My wife is a part-time schoolteacher and daycare provider. Seeing the bs she has to put up with during the pandemic has made my blood boil. The school she teaches at has recently requested all the teachers to be physically present at the school next week to begin preparations for teaching remotely - yes, the students will be remoting from home. Upon hearing the news, she asked for permission to not be physically present, because 1) she can fully carry out her teaching duties at home, as was demonstrated during April-June and 2) she would have to take public transit, which is terrible because the metro is shut down in our city and it's simply just a greater risk. What were the principal's response? 1) Get your husband to drive you to work (we have a shared car, and also, this is definitely not happening since they don't cover health insurance and are not paying extra for this), and 2) "if you're going to show up to school when the students eventually return, then what difference does it make if you show up now when they're at home" (that doesn't make any sense to me). My wife pressed for more legitimate reasons, and they couldn't come up with any other than that if they didn't apply the policy uniformly for all teachers, then some teachers would want to stay at home. Furthermore, she found out that the administration doesn't even have a covid-testing policy at all, despite how adamant they were about getting the teachers back. My wife thinks that the true reason the principal demands all the teachers to be present at school is that most of them are computer illiterate and can't function without sufficient hand-holding. The median age of teachers is probably 50+. A handful of teachers have already resigned over having to teach using Google Classroom a few months back. Then, with her daycare provider: It's a VC-backed daycare startup that likes to market themselves as different from other daycares because they place the utmost care on their providers, which in theory would benefit the children. Obviously, this couldn't be further from the truth, because we all know the only thing any VC-backed startup really cares about is growth. Management consistently pushes to keep the centers open despite the pandemic, trying to weasel out of paying for overtime when forcing the providers to get covid-tested during weekends, uses regulatory loopholes to get around the provider:children ratio, possess minimal experience with actually dealing with infants in management resulting in very bad policies, and a lot more other skeletons in the closet. I've heard a lot of stories about other essential workers, especially RNs and delivery people being forced to literally risk their lives during this period, and I really sympathize with them through my wife's experiences. If it weren't for our savings and FIRE philosophy, my wife would have to work for these fucking scumbags. Thankfully she's the one setting the terms right now - if the school is unwilling to accommodate, she will quit, and she only works at the daycare to help out a friend who can't get out of that situation. Aside: We've also discussed other potential career options for her, but at the moment can't come up with any good ones. From other folks who've been down this path before and made the switch, any ideas? EDIT: Wife's school is part of some Catholic church system. To give you an idea of what the church thinks about covid, read this: SF Catholic Church being Blamed for Allowing 100-Person Wedding Where at least 10 were Infected with Covid-19 [link] [comments]  |
| Posted: 07 Aug 2020 09:17 PM PDT 30yr F. I put myself through nursing school (my second degree), both paid for in cash and have been a Nurse for two years now. I have barely six figures in savings (large majority in retirement). Ive never had any debt and my goal is to be financially independent by 35. Its really just an arbitrary number at this point but Ill explain. Paying cash for both degrees was because I never even saw loans as an option I would accept. And I worked my fucking ass off to do it. I live off of $24k a year and the rest is in investments. In May of this year I quit my full time critical care, HIGH STRESS but high paying job. I landed a part time position at my previous employer but took a massive pay cut to do it. But still make more than enough. This year has destroyed me. Emotionally and mentally. Im just so fucking done. My plan was to just "tough it out" at the hospital for a few more years (the high stress job I quit) because the money was good. But your girl is tired! Ive worked so hard to put myself in the situation that Im in. Being able to tell the job I hate to fuck off because I can was the most powerful feeling in the world. Now, Im living a much more manageable lifestyle (stress wise) but the money will not get me to FIRE by 35. Part of me thinks that I deserve to lay low right now, I earned it. The other part of me hates myself because Im just being a princess and not wanting to bust my ass anymore. But isnt that what FIRE is all about as well? Ive seen some seriously fucked up shit in the hospital. And every time I did it would make me want to quit even more. Not because I couldnt "handle" it but because I knew I didnt need the money so why was I even working a job I fucking hate when Im not even guaranteed tomorrow. I seriously thought nursing would help my FIRE but now I just want to live my life how I want NOW. And not in however long it takes me to get there. Please help... [link] [comments]  |
| Are FIRE housing principles the same across both LCOL and HCOL areas? Posted: 08 Aug 2020 12:05 PM PDT The FIRE community generally encourages keeping housing costs as low as possible to invest the difference in equities, real estate, etc. Which makes sense. However does this also apply to HCOL areas, where homes appreciate more than LCOL areas? For example, it's common to see over 100K appreciation on a 400K property in my HCOL living area on the west coast for properties purchased in 2016. In this case, had the property owner purchased a cheaper property, they would be missing out on profits and the associated leverage (assuming they took a mortgage out). Would it make more sense to purchase a more expensive, nicer home in HCOL and count on appreciation for FIRE purposes? [link] [comments]  |
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