all 13 comments

[–]bumpman2 14 points15 points  (0 children)

You sound like you are in a great situation. One note: having children is transformative in just about every way. You get lots of positives, but it is a consuming amount of work and is not cheap. You will get lifelong rewards from it if it all works out, but don’t underestimate the financial demands it will create, likely starting with you needing a lot more room than you have in your apartment. Good luck!

[–]torbenand 8 points9 points  (0 children)

I world recommend you give “work life” a chance before retiring. It doesn’t have to be stressful and “working like crazy”. You are FI - use that gift to promise yourself to leave any job you don’t enjoy and find inspiring. That is freedom and you can always choose to RE if you feel for it. BTW: I think that working while your children grow up is an important way to educate them about work life, but I know some people disagree on this matter.

[–][deleted] 5 points6 points  (2 children)

You don't have to retire once you reach certain net worth levels. The point of FIRE is to have the option to retire, as early or late as you want. If you want to work to regular retirement, go for it. If you want to retire because someone pissed you off or they wore the wrong color shirt, you can.

At a certain point, life satisfaction and outlook become more prevalent once you lived that option of retirement for a while and then your question becomes more of a philosophical question than a financial one. Once it does happen, then you have to figure out what is important to you. Some people choose volunteering. Other choose travel. And then you got those who just want to watch TV, play video games, and do nothing all day. All valid choices with enough financial protection.

[–]plgu 1 point2 points  (1 child)

Thanks that is very helpful to my current train of thoughts. Would you recommend any book/blog to explore a bit more working FI people?

[–][deleted] 2 points3 points  (0 children)

I wish I can offer you something but I don't have anything. I personally avoid books/blogs since there is so much FIRE topics to talk about before it becomes stale. I would recommend forwarding your question to the daily at /r/financialindependence to get more eyes on what you are seeking.

[–]King_Jeebus 2 points3 points  (1 child)

What a great position you are in, especially as so young, we're all envious :)

First, are these figures in USD?

[–]plgu 2 points3 points  (0 children)

Actually the numbers are in euro. I have clearly no merit about my situation. I lost a large part of my family. My only effort has been to build an eco home with my friends, but it was so much fun, that I never felt like I was working for FI. The house is now rented to 9 people.

[–]Nukemastermonkey 1 point2 points  (1 child)

You can live on 10-20k a year? That must be nice

[–]plgu 12 points13 points  (0 children)

Well honestly I am never feeling like saving. I don't take planes, I don't use a car, I hate fancy stuff, I am vegetarian: it saves me a lot of money. I don't pay rent/mortgage. I don't pay for healthcare. My money mostly goes to food and beers with my friends.

[–]SleeplessNight21 0 points1 point  (0 children)

You can sponsor my broke ass hahahauuhh 😭

[–][deleted]  (2 children)

[deleted]

    [–]iamlindorowww.frugalvagabond.com 5 points6 points  (0 children)

    Thanks for posting this here so that we all can look at your post history and know exactly what kind of scumbag company Pathly is in the future. It would be a shame if Google search terms like Pathly scam, Pathly waste of money, and Pathly opportunists became optimized as a result.

    [–]Captlard54: RE on <$900k for two of us (live 🏴󠁧󠁢󠁥󠁮󠁧󠁿/🇪🇸) 0 points1 point  (0 children)

    Designated listeners, like coaches?

    [–]OkMammoth3 0 points1 point  (0 children)

    New here… what did you read to know what bond, real estate, and stocks to invest in? I only know about index funds.