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    Tuesday, November 23, 2021

    Financial Independence Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - November 22, 2021

    Financial Independence Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - November 22, 2021


    Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - November 22, 2021

    Posted: 22 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?

    submitted by /u/AutoModerator
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    Daily FI discussion thread - Monday, November 22, 2021

    Posted: 22 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.

    submitted by /u/AutoModerator
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    Tax Planning Spreadsheet - 2021 Update

    Posted: 22 Nov 2021 05:59 AM PST

    Back by popular demand, here is the 2021 update of my tax planning spreadsheet. Previous threads for context:

    Original Thread

    2020 Update

    Limitations:

    • It is build with my personal situation in mind (single filer, state of Ohio, doesn't take into account deductions/income that I do not have) but it can be easily tweaked to match your individual situation
    • There may be errors or bugs in how things are calculated even though I tested it for several years of data
    • I've neglected the student loan interest calculation (so it not working properly) since I'm long past having used it
    • Obviously if something changes in the tax laws with BBB, I will have to build that into the file

    Link to spreadsheet

    submitted by /u/clvfan
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    Weekly FI Monday Milestone thread - November 22, 2021

    Posted: 22 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.

    submitted by /u/AutoModerator
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    Highest yielding, low risk, out-of-the-box $1,000 < $10,000 investment opportunities?

    Posted: 22 Nov 2021 11:05 PM PST

    Interested in anything people can offer but real interested in assets/quick flips that people don't usually expect to yield as much. Appreciate any and all ideas!

    submitted by /u/hunterthinking
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    The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing PDF

    Posted: 22 Nov 2021 07:41 PM PST

    https://readpdf.org/the-intelligent-investor-rev-ed-the-definitive-book-on-value-investing/

    The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing PDF

    submitted by /u/pitronix
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    Is network marketing a good path to financial freedom?

    Posted: 22 Nov 2021 08:53 PM PST

    I just want to know someone who was successful in mlm.

    submitted by /u/InspireBecomeEvolve
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    San Francisco Spending (Cost of Living) Data 2018-2020

    Posted: 21 Nov 2021 04:56 PM PST

    Hello FIRE people,

    Ever since I learned about FIRE in November 2017, I started tracking my spending. Before COVID (and maybe still to this day), debates about the cost of living in San Francisco and whether or not it's worth it to move there for a job raged on. My quick personal take is that the income upside definitely outweighs the cost of living downside. I lived in San Francisco for ten years and moved back to my home state in 2021, but I thought I'd share the data I collected while I was there. I have monthly breakdowns for 2018, 2019, and 2020.

    Here are the annual summaries (sum and monthly average) for my actual spending: https://i.imgur.com/VzUiptj.jpg

    I lived with a partner and we split the rent, so here is an additional set of summaries with the full rent amount: https://i.imgur.com/0SWxQQU.jpg

    TL;DR: I spent $35K in 2018, $46K in 2019, and $54K in 2020. Without split rent, I would have spent $47K in 2018, $58K in 2019, and $78K in 2020.

    Some notable info about the data:
    - Moved from a 1BR apartment to a 3BR house with a washer & dryer in 2020
    - COVID hit hard in March 2020, and my public transit and Uber usage fell off a cliff
    - We ordered delivery food 5+ nights a week before I started cooking more in the new house
    - All utilities are total for two people, those were not split
    - Healthcare premiums were covered 100% by employer; the costs listed are just my portions :(
    - Online services is stuff like Spotify and VPN

    As is tradition, here is the full dataset (LibreOffice Calc format, should work in Excel too): https://mega.nz/file/VNECGBCb#obeca4aP-gbhQvAq9aaFwEmEyplKJLgP6ooYEiPFleU

    Enjoy! Happy to answer any questions about the data or living in SF. Cheers!

    submitted by /u/actual-feudal-lord
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