Financial Independence The Official 2020 FI Survey Is Here |
| The Official 2020 FI Survey Is Here Posted: 31 Jan 2021 12:29 PM PST THE RESULTS AREN'T IN YET…DON'T ASK… Ok, now that that's said…the official 2020 FI survey is now available and will remain open for responses until February 28. For those that are new here, this is a quasi-annual tradition for this sub. The last survey was done in 2018. This post will be a bit long, so buckle up. What's Different This Year? The most important difference this year is that ALL RESPONSE DATA WILL BE RELEASED IN A SPREADSHEET TO THE SUB. If you're not comfortable with that, don't take the survey. Whenever possible, identifying information (such as age) is obscured in ranges. The survey does not ask for location, username, email, or other unique information, so your privacy is reasonably protected. Because there are several numbers involved, last time people asked for a list of what numbers are needed. I'm delivering on that this time with a preparation spreadsheet that covers all the numbers you'll be asked. https://docs.google.com/spreadsheets/d/1T-GyDNwJmGchTNlS68rDBnAoZ6DdRoYF0sqsla56IYE/edit?usp=sharing A special 2020 Covid section has been added and a lot of the less popular sections from the last survey have been removed. It's shorter than it was last time. Survey Instructions These instructions are also available on the first screen of the survey, but you may want to keep this post open in a separate tab to refer back to them***.*** Throughout the survey each section includes instructions at the top of the page as well. The survey will take 20-40 minutes to complete, depending on how prepared you are with your numbers. Enter all annual information for calendar year 2020. Enter all point in time data (like account balances) as of December 31, 2020 (or as close thereto as you can get). Enter all amounts in current dollars (or your native currency). Remember that personal finance is personal. Enter your numbers as you interpret them, personally. If you really get stuck, I will be watching the posting thread and answering interpretation questions as able. Because personal finance is personal, some buckets may not be precisely consistent with your personal buckets. The survey is long, and asks for a lot of information. You can skip to the end to submit, which will then provide you a custom link to come back to your answers and edit them. The survey will be available for the entire month of February. If you are not in the United States, you can enter all "dollar" amounts in your native currency. Anywhere a question asks for "dollar" amounts, answer in your native currency. Enter dollar amounts as a whole number, appropriately rounded. E.G. $32,594.56 is entered as 32595, with no commas. Enter percentages as a number, not a decimal. For example, 4% is entered as 4 (not .04), 20.5% is entered as 20.5 (not .205), etc. Symbols for dollars ($) and percentages (%) are not needed. Each question begins with an alphanumeric designation (e.g. A1, C3, F6). At the end of the survey, you will be asked for any comments on the survey. If you had issues with a question, please refer to it in your comments by the alphanumeric designation. Because the survey does not ask for identifying information, the survey team will not be able to follow up with you, so please be as specific as you can about the issue or difficulty you encountered. The survey asks how many people contribute to your household finances, and thereafter your responses should include all assets, debt, etc. belonging to those people. You determine the number of people who contribute to your finances. Demographic questions include demographics for "contributor 2" and "contributor 3", if you have more than one person contributing to your household income, you can include their demographic information there. Demographic questions are static, meaning further questions will ask about contributors 2 and 3 even if they do not exist for you - you can just leave those blank, or there is an N/A option if leaving it blank bothers you. This survey asks for a lot of numbers. To completely fill it out, you will need to have the values of your investments, expenses, debt, and assets at hand, plus 2020 income and expenditures. A preparatory spreadsheet is available here: https://docs.google.com/spreadsheets/d/1T-GyDNwJmGchTNlS68rDBnAoZ6DdRoYF0sqsla56IYE/edit?usp=sharing Almost all questions are skippable; if a question does not apply to you or you haven't yet determined the answer, skip it. Now that you've read all that… Here's the survey link: https://forms.gle/7eXrDJjYKHA9GEbJA [link] [comments]  |
| Daily FI discussion thread - Sunday, January 31, 2021 Posted: 31 Jan 2021 02:00 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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