Financial Independence Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - November 29, 2021 |
- Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - November 29, 2021
- Daily FI discussion thread - Monday, November 29, 2021
- What's a book (or books) that genuinely helped you financially?
- How much does your partner influence FI?
- Weekly FI Monday Milestone thread - November 29, 2021
- Daily FI discussion thread - Sunday, November 28, 2021
- Musings on Precarity, Enough being too much
- Daily FI discussion thread - Saturday, November 27, 2021
| Posted: 29 Nov 2021 02:01 AM PST Need help applying broader FIRE principles to your own situation? We're here for you! Post your detailed personal "case study" and ask as many questions as you like, or help others who've done the same. Not sure if your questions pertain? Post them anyway…you might be surprised. It'll be helpful to use our suggested format. Simply copy/paste/fill in/etc. But since everybody's situation is different, feel free to tailor your layout to your needs. -Introduce yourself -Age / Industry / Location -General goals -Target FIRE Age / Amount / Withdrawal Rate / Location -Educational background and plans -Career situation and plans -Current and future income breakdown, including one-time events -Budget breakdown -Asset breakdown, including home, cars, etc. -Debt breakdown -Health concerns -Family: current situation / future plans / special needs / elderly parents -Other info -Questions? [link] [comments] |
| Daily FI discussion thread - Monday, November 29, 2021 Posted: 29 Nov 2021 02:02 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] |
| What's a book (or books) that genuinely helped you financially? Posted: 28 Nov 2021 09:04 PM PST What are some books that actually helped your financials and to make more money? There are way too many out there from fake guru's trying to grab some cash [link] [comments] |
| How much does your partner influence FI? Posted: 27 Nov 2021 11:15 PM PST How do FI people go about discussing this with partners? Do people look for partners who approach money in a similar way? Is anyone here dating/married to someone who is not responsible with money? I'm 26, net worth 270k, 115k salary with OT potential. My gf, on the other hand, is 24 and just graduated college after a long road. She is 110k in student loan debt with no real job prospects, and it drives my anxiety through the roof. It's depressing to think that I might not want to continue a relationship over money, but it's more than that… it's comfort, security, and the feeling that I am not so dependent on work. I'm not sure how I should feel; I know I'll be ok, and I know these discussions should be had with my SO, but how hard will it be to achieve FI as a couple with one person who does not take finances as seriously? [link] [comments] |
| Weekly FI Monday Milestone thread - November 29, 2021 Posted: 29 Nov 2021 02:00 AM PST Please use this thread to post your milestones, humblebrags and status updates 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! 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 - Sunday, November 28, 2021 Posted: 28 Nov 2021 02:02 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] |
| Musings on Precarity, Enough being too much Posted: 27 Nov 2021 09:19 AM PST I've been thinking a lot about this video by John Green. I think the idea of recognizing when you have enough and being content with that is well trodden, but he covers some really interesting thoughts about the ways that wealth can insulate you from suffering to the point that you stop paying attention to it and that this a net loss for you and for the world. Essentially, enough is too much if you're so comfortable that you can no longer relate to the rest of the world and you stop trying to make it a better place. I don't think this gets covered often enough. It's also been resonating a lot with my personal life. I grew up poor but by no means destitute, in a large family and on a single parent's income due to divorce for much of my childhood. I was shocked when I went off to a private college and saw the way that richer families lived and spent their money, and took it all for granted. It would never occur to friends that I couldn't do all the social activities with them because I absolutely had to work while studying to supplement the financial aid and already substantial loans I was taking out, even after I had told them repeatedly. My upbringing was by no means perfect, but it kept me grounded and aware of the huge disparities in society. Since then, I launched a career as a software developer, paid off my loans, discovered FIRE, and saved up half a million dollars. I have built up security and comfort and I am building towards a future where I don't have to work. I'm on the other side of that divide. I made it. My life is not precarious, and in a lot of ways it is easy and my future as assured as it can be. I am well past the point of CoastFI. In the meantime, my family has stayed more or less where they were, or become worse off as they aged and grew their families, and this has become obvious as I visited over Thanksgiving. Two of my older siblings live together and, due to a nasty divorce in progress, are primarily responsible for taking care of a three year old and an eight year old, while both working full time. They are exhausted and haven't had time to deal with anything besides just staying afloat in months, despite lots of help from grandparents, who are also working and struggling in their own ways, and I do not think their retirement is at all assured. Another sibling could barely afford to visit, and only for a short time. Another could not afford the time off to visit at all. I don't know exactly how badly off they are at this point, but with unemployment benefits back down to pre-pandemic levels, I can only assume they are headed back down to just barely getting by, if they are not already there. Their lives are distinctly difficult and precarious, and they have very few options to improve them because they are so busy just treading water. I have spent the last few years dealing with my own problems of burnout, exacerbated by the pandemic, but it pales in comparison to what my family is facing every day, and it's far too easy to forget that. Even while I have struggled, I have been working steadily towards my goals, and I have options available. My security and wealth have given me the ability to turn away from the struggles of people I care about, and the pandemic keeping me from visiting while worsening their struggles have made this almost the default. I have to work to make sure I see what is happening. I have made it, but I'm realizing I have, to some extent, left my family behind in the process. I'm not a multimillionaire like John Green is; at this point I can't afford to make sure my siblings and parents are taken care of, and I don't really plan to work long enough to get to that point, even if I could, and it would be too late to make the biggest impact. I have young nieces/nephews and aging parents who are struggling now. Seeing this contrast first hand has affected me deeply. I spent hundreds of dollars and days of manual labor during my visit just taking care of things around the house for the siblings taking care of the kids. I have helped them clean up their place, change the locks, get a new ish couch that doesn't permanently smell like cat pee, clear out the ex's junk that they never picked up, fix their internet and broken doors and holes in the walls, and watching kids so they can have a bit of relaxation time. There is much more that could be done given time and money to throw at the problems. I don't know yet what the long term implications of realizing how much this contrast has grown are yet. I will weigh it as one of the many factors in determining where my partner and I settle down. I want to be around to give some of my time and money to help improve their lives. I will need to make a point to be more attentive to how they are doing and visit more often, and leave time to help when I can. I'm still digesting what this all means, but this video and my recent experience have shifted my perspective on where I want to end up. I want to intentionally distance myself less from the kinds of suffering I can insulate myself from, and use my security and wealth to try to address some of that suffering. I was already giving to charity, but I don't think that's enough when there's suffering so close to me and I am getting to the point where I have the time and energy and money to make a difference. [link] [comments] |
| Daily FI discussion thread - Saturday, November 27, 2021 Posted: 27 Nov 2021 02:02 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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