Financial Independence Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - January 31, 2022 |
- Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - January 31, 2022
- Daily FI discussion thread - Monday, January 31, 2022
- I have reached a savings rate of 86%+ , have I gone too far?
- Weekly FI Monday Milestone thread - January 31, 2022
- Daily FI discussion thread - Sunday, January 30, 2022
| Posted: 31 Jan 2022 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, January 31, 2022 Posted: 31 Jan 2022 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] |
| I have reached a savings rate of 86%+ , have I gone too far? Posted: 30 Jan 2022 04:35 PM PST Young doc in Switzerland in my mid twenties. Saving/investing the equivalent of 5,500€ of my post-tax income every single month. My monthly expenses are 300€ on rent (2/3 paid by my employer) , ~250€ on basic swiss health insurances, spending 150€ on food (never eat out, enjoy cooking) , 0 to 50€ in transportation (no car, small walkable swiss town) , 0 to 100€ in leisure/social life (more on the introverted side). No water, heating or electricity bills, paid by my employer/the hospital since I basically live on site. So from 700 to 850€ in expenses. Meaning a savings rate of 86 to 88%. The objective being to FIRE (of course not in Switzerland) within 2 to 3 years. Family and some people I interact with , though they're showing understanding for my decision (while not being familiar with FIRE) think my choice to take a "shortcut" to FIREing, is too extreme. While I'm in no way fixated on my savings rate and would have no problem coming down to sub 60% levels, when I get asked why I don't spend more, I usually don't have a good answer to come up with... I just don't..need to? I mean I have a place to live in, a wardrobe full of clothes mostly bought in the last 10 years but in good condition, a computer, phone, tablet, TV, sound system all purchased in the last 2 to 5 years but still working just fine. Just wanted to hear you guys's balanced opinion. edit:typos [link] [comments] |
| Weekly FI Monday Milestone thread - January 31, 2022 Posted: 31 Jan 2022 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, January 30, 2022 Posted: 30 Jan 2022 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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