Financial Independence Daily FI discussion thread - December 04, 2020 |
- Daily FI discussion thread - December 04, 2020
- Vanguard - How America Invests 2020
- Taking 4 months "off"
- How did you force yourself to overcome the "one more year" thought process?
- Weekly FI Frugal Friday thread - December 04, 2020
- Daily FI discussion thread - December 03, 2020
| Daily FI discussion thread - December 04, 2020 Posted: 04 Dec 2020 12:08 AM PST 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]  |
| Vanguard - How America Invests 2020 Posted: 03 Dec 2020 08:23 AM PST Interesting analysis on the habits of the five million retail (personal) investors at Vanguard. https://investornews.vanguard/introducing-how-america-invests/ [link] [comments]  |
| Posted: 03 Dec 2020 09:21 PM PST I'm 36 with a wife, a two year old, and another one on the way. I've been working towards FIRE for the past 10 years and my projections show that I'm about 9.5 years away from retiring. I'm a VP at a mid sized tech company with a decent income (about $230k) but underpaid compared to market rates. The job is relatively low stress so I'm not too concerned about being underpaid, but it has its moments where shit can really hit the fan and it takes a lot out of me. I don't know if this is a mid life crisis, but like many of you, I'm really starting to feel the grind. I haven't taken more than 4 weeks off since I graduated university. With a baby on the way, I have an opportunity to take parental leave and step away for a few months with a guarantee that I'll have my job waiting for me when I return. My wife is a SAHM in case that matters. I'll miss out on about $40k in savings due to the income hit and about 4 months of expenses (another $30k). I'd be delaying FIRE by about a year. I do realize that I'll have a newborn through all of this, so it won't truly be a break, but I'm going to have a newborn baby either way. I have ambitions of potentially using some of the time to try to launch my own business, but that really depends on the kiddos. I'm not sure exactly what I'm hoping to achieve with this post. I guess I'd just like to hear about others perspective on this and if anyone else has done something similar. Is it worth delaying FIRE? [link] [comments]  |
| How did you force yourself to overcome the "one more year" thought process? Posted: 03 Dec 2020 04:03 PM PST I should start off by saying I'm not ready to FIRE yet, I probably have another 5-10 years to go, but it's starting to get close enough to get me a bit excited about the future possibilities and exiting the corporate workforce. That said, knowing my nature I suspect that when the time comes I'm likely to delay retirement and keep telling myself to continue working in order to delay healthcare expenses when not working, account for market fluctuations and just to have a general safety net to account for the unexpected. Yes, I know my assumptions and calculations have already factored these things in but I still suspect I'll be somewhat non-committal out of an abundance of caution. I suspect this isn't all that uncommon among those of us where saving is part of our DNA. I learned about this OMY thing here so it's definitely a thing for some, myself likely included. Does anyone have advice on how to overcome this when the time comes? [link] [comments]  |
| Weekly FI Frugal Friday thread - December 04, 2020 Posted: 04 Dec 2020 12:08 AM PST 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]  |
| Daily FI discussion thread - December 03, 2020 Posted: 03 Dec 2020 12:07 AM PST 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]  |
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