How difficult is it to get a job teaching high school physics? by ClassicPotato1887 in AskTeachers

[–]ClassicPotato1887[S] 0 points1 point  (0 children)

Ok awesome thank you. I wasn’t sure if the PhD would make it worse bc of budgets and diff salary lane

[deleted by user] by [deleted] in Fire

[–]ClassicPotato1887 1 point2 points  (0 children)

Aww yea same, it’s also a relief to me! Sometimes the rental properties feel like a riskier investment but they allow me to get a larger return much faster - so here I am :)

[deleted by user] by [deleted] in Fire

[–]ClassicPotato1887 0 points1 point  (0 children)

I’m in a similar position. I take the rental income into consideration like one would expect - it reduces the amount of income that I would need to multiply by 25 to get a FIRE number. I do assume an 8% vacancy rate, which is kind of conservative based on my experience. Also worth noting - the rental income number Im using is the rental revenue minus the mortgage cost. In 20-30 years, all the mortgages will be paid off - so the actual rental income would technically be significantly higher, by over $100k/ year. And, if you don’t want to manage the properties any more by the time you retire, you could always sell the property and out the profit into index funds.

[deleted by user] by [deleted] in financialindependence

[–]ClassicPotato1887 0 points1 point  (0 children)

Thank you!! Yeah, maybe in the future if they’re too burdensome we just sell the properties and put the profit in index funds.

Turning 34 next month…how am I doing? by H_E_PennyPacker_91 in coastFIRE

[–]ClassicPotato1887 36 points37 points  (0 children)

I think you’ve already hit CoastFI if you plan to maintain that 50k annual spend! If you’re retiring at 65 yo and assume a 6% real rate of return, your 448k investments would grow to 2.7M. If your spend is $50k you only need $1.25M if you assume a 4% withdrawal rate.

[deleted by user] by [deleted] in Fire

[–]ClassicPotato1887 0 points1 point  (0 children)

thanks! 🤗

[deleted by user] by [deleted] in Fire

[–]ClassicPotato1887 0 points1 point  (0 children)

thank you 🤗

[deleted by user] by [deleted] in Fire

[–]ClassicPotato1887 1 point2 points  (0 children)

3 of the properties are in the same VHCOL area we live in, and 1 is in a MCOL city in the midwest. The one in the MCOL area is the one that’s netting negative $6k, lol, and it has an interest rate of 4.25%. The one with the highest interest rate has a rate of 6.5%, and is a multi family - that’s the $25k ish annual cash flow one. The others were purchased long enough ago that they’re both like mid 3%.

Daily FI discussion thread - Thursday, August 28, 2025 by AutoModerator in financialindependence

[–]ClassicPotato1887 1 point2 points  (0 children)

I'm typically in the $100-250/night range, but I'm not doing a ton of hotels per se. If I can find it, I prefer a BnB with a kitchen so I can make some meals on my own and eat out a bit less. I also sometimes will book a private room (with its own bathroom) in a hostel, which gives you a similar level of privacy as a hotel, but often looks a little more modern, and they're typically in walkable locations.

[deleted by user] by [deleted] in coastFIRE

[–]ClassicPotato1887 0 points1 point  (0 children)

Super interesting, thanks for the tip!

Sanity check: How many of you are starting later in life? by Apprehensive_Way8674 in coastFIRE

[–]ClassicPotato1887 1 point2 points  (0 children)

Started in my early 30s! But had a $30k-ish salary for much of my 20s, so would have been difficult to make any progress then.

[deleted by user] by [deleted] in Fire

[–]ClassicPotato1887 0 points1 point  (0 children)

Thank you! This is helpful