Financial Independence Daily FI discussion thread - Wednesday, December 22, 2021 |
- Daily FI discussion thread - Wednesday, December 22, 2021
- We all know about "First World Problems". What are your "FIRE Problems"?
- Do you have an umbrella policy to protect your assets?
- Weekly Self-Promotion Thread - December 22, 2021
| Daily FI discussion thread - Wednesday, December 22, 2021 Posted: 22 Dec 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] |
| We all know about "First World Problems". What are your "FIRE Problems"? Posted: 22 Dec 2021 09:48 AM PST I'll give my very recent example to kick it off. I'm basically at my FIRE number right now. I've only been nervous about pulling the trigger because the market has been so inflated. I've recently been switched to a new team at work with a new boss and frankly I don't think it's a great fit. I planned to give it a chance for a few months then just quit if I'm not loving it. This week my new boss has been bugging me about getting on the phone so we can "chat". I was secretly hoping she'd tell me it wasn't working out and they were going to lay me off with a generous severance package. Instead she told me that on top of all other pay and bonuses the company is giving me $50,000 a year in stock going forward that vests over 4 years. That last thing I wanted was golden handcuffs. But man does it feel shitty to complain about getting a $50,000 bonus... EDIT:The details don't matter overmuch to the point of the story but it's coming up a lot so I'll clarify. Every year I get a $50k bonus that's paid out over 4 years. So if everything worked out as expected the years would look like this:
etc... My current compensation is only about $140k so this would be a big addition for me if I stuck around longer term which I'm not expecting to. [link] [comments] |
| Do you have an umbrella policy to protect your assets? Posted: 22 Dec 2021 10:46 PM PST I only just recently learned about umbrella insurance policies. I haven't reached financial independence yet; however, I was wondering whether this is something I should go ahead and get in order to protect what I have accumulated so far. For those of you who have it, at what point in your journey did you decide to purchase an umbrella policy and how much does it typically cost? For those of you who don't have one, do you ever worry that one lawsuit could wipe you out? Thanks! [link] [comments] |
| Weekly Self-Promotion Thread - December 22, 2021 Posted: 22 Dec 2021 02:00 AM PST Self-promotion (ie posting about projects/businesses that you operate and can profit from) is typically a practice that is discouraged in /r/financialindependence, and these posts are removed through moderation. This is a thread where those rules do not apply. However, please do not post referral links in this thread. Use this thread to talk about your blog, talk about your business, ask for feedback, etc. If the self-promotion starts to leak outside of this thread, we will once again return to a time where 100% of self-promotion posts are banned. Please use this space wisely. Link-only posts will be removed. Put some effort into it. [link] [comments] |
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