Financial Independence Daily FI discussion thread - Saturday, June 05, 2021 |
- Daily FI discussion thread - Saturday, June 05, 2021
- Is it time to just sell my house and semi-retire?
- Taking a few months off?
- How inflation can change your FI plans
| Daily FI discussion thread - Saturday, June 05, 2021 Posted: 05 Jun 2021 02:00 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]  |
| Is it time to just sell my house and semi-retire? Posted: 05 Jun 2021 03:14 PM PDT I bought my house 6 years ago with cash in AZ. It's way too big for just me, but I figured it would be cool to live in my bank account essentially, and maybe if the stars align raise a family here. Stars never aligned, but it has been the best bank account ever. My neighbor just sold his smaller house for 450k. I never even dreamed of this happening here. Just 3 years ago this thing was barely cracking 220k. I'm really considering just selling it and moving somewhere cheap and rural, while just drawing commissions online for money. I do it now on the side, but a few extra hours into it could fully support me with a low cost of living. Is this a horrible plan? I'm sure my property tax bill is going to be terrifying here soon and this thing already has ~1k in HOA a year. Moving somewhere with low property tax and no HOA would basically cut my expenses to only around 9k a year with water/power/food/insurance/everything. Art and even dividends seem like they'd cover that and then some. I hate working, so retiring early is something I'd be all for. Don't care at all about restaurants/bars/culture/city crap so living rural sounds great as long as it has internet. [link] [comments]  |
| Posted: 05 Jun 2021 03:37 PM PDT So, like for many, these last 15 or so months have been kind of crazy. Additionally, I've never taken more than two weeks off ever since I've graduated about 6 years ago and I feel like I just need to decompress or my mental health will just continue deteriorating and my work and personal life will suffer. I am planning to take 2-3 months off work (quitting) and enjoying the summer before going back. I have a few ideas of what I want to do, but I want to hear from others who did the same thing and what you did to maximize the time off or what you wish you'd done so as to not make it feel wasted. I have 6-8 months Efund prepped for this and I work in accounting (private) so in a hcol city so I'm not too worried about finding another job. [link] [comments]  |
| How inflation can change your FI plans Posted: 05 Jun 2021 02:27 PM PDT People who are deeply invested into gold are similar to people that are deep into Bitcoin, in the sense that both groups believe that the fed is printing too much money, and inflation is rising faster than the stock markets average return. They both believe that their chosen asset is better than a Vanguard S&P or total stock market fund. How do you think about the current inflation rate & future inflation rates relative to your FIRE plans? Do gold/Bitcoin doomers have a good point or are they too worried about the debasement of our currency? [link] [comments]  |
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