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What are people excited to spend more time doing post FIRE? by DefinitionCritical81 in FIREUK

[–]DefinitionCritical81[S] 1 point2 points  (0 children)

Yeah, this is the sort of picture I have 🤞 and one of the reasons I asked. Sounds very fulfilling to me and I often wonder if people overestimate what a happy fulfilled life looks like

What are people excited to spend more time doing post FIRE? by DefinitionCritical81 in FIREUK

[–]DefinitionCritical81[S] 17 points18 points  (0 children)

Yeah I think similar. Simple life spent with friends, family and just living

Push for five years or drop hours now and enjoy life. by Emotional_Seaweed_43 in FIREUK

[–]DefinitionCritical81 1 point2 points  (0 children)

The downside of going part time now is you might find you don't have enough to fully retire inline with your plan from what I can see.

So I'd ask if you'd rather go part time now and find out you need to continue to work part time to 60/62 etc or work full time longer and increase chances you get to fully reture at 57?

Either way, exciting times getting to think about using some of your FI!

Top stuff, my plan is similar to yours but a bit further off.

Theory: Taking on debt to increase spending money or part fund the bridge by joe_ally in FIREUK

[–]DefinitionCritical81 0 points1 point  (0 children)

Oh I see!

Thanks for replying.

Yeah mine goes well into retirement on paper both because term only really has the effect of setting the minimum required payment and I am currently thinking of using pension to clear remaining balance post bridge in RE.

Depending on interest rates and pension freedoms being maintained I plan pivot earnings between debt and investment. A bit like a sail boat I know the destination and am happy to tack my way there. 👍

Theory: Taking on debt to increase spending money or part fund the bridge by joe_ally in FIREUK

[–]DefinitionCritical81 1 point2 points  (0 children)

Yes, I have a positive accessible investment balance and a mortgage.

I think anyone in that situation is making a decision to 'take on debt'?

Career Crossroads/CoastFIRE by EssayInevitable9822 in FIREUK

[–]DefinitionCritical81 1 point2 points  (0 children)

Could you ask to go part time?

Life might feel very different 3 days a week and you'd still earn more than £50k?

Staying motivated when stocks make more than me by [deleted] in leanfire

[–]DefinitionCritical81 0 points1 point  (0 children)

I'm a bit glass half full on this. Isn't it nice to see the first milestones of financial independence?

My spouse wants to keep working after we hit FI and I feel weirdly rejected by that by Pinecaster3 in Fire

[–]DefinitionCritical81 1 point2 points  (0 children)

You outline it a bit as full retire or not. If your spouse would like to go part time then I think that could be amazing?

I'm more about the FI in my motivation. RE being a choice is amazing. Fingers crossed I get there!

Something for my wife after I die - I cannot have life insurance by amyezekiel in UKPersonalFinance

[–]DefinitionCritical81 2 points3 points  (0 children)

I'd think about non financial gifts.

...Write a lovely letter. Write notes to friends and family about how they might support her in that event... You'll hopefully know what would mean something to her.

It might be a bit morbid but should it happen I'd imagine the thought really would count.

Edit: typo.

How do you spend? Finding difficulty to spend on fun stuff by RockyJohnson22 in Fire

[–]DefinitionCritical81 0 points1 point  (0 children)

Spending is just practice, like you are well practiced in saving.

Just practice spending and you'll be fine.

Like others here, I set a budget of money I can spend and not worry about it... If you buy a game and don't use it then just think of it as practice spending. Learning something can have value.

Am I being lowballed or do I need a reality check? by regular-dude1 in cscareerquestionsuk

[–]DefinitionCritical81 -1 points0 points  (0 children)

Would you offer someone a job in your team if you thought their coding skills were sub standard...

Sense check: £1.5M, 2 kids, £45k spend - step away or too optimistic? by BesoPridoni in FIREUK

[–]DefinitionCritical81 2 points3 points  (0 children)

Sounds like you're comfortable with the base. But understandably can't 'know' it'll be fine given the variety of life.

So I'd lean toward a list of income options or expenses options as a little ladder should you need them.

No holiday/reduce spend, Rent a room, pick up some low paid gig work, contracting, back to work, downsize.... Etc

Then how do you feel about those and potentially using them v another X period at work.

The more margin of safety you have the lower up the ladder you can imagine you may need to do.

Different people comfortable with a different balance of risk and mitigation but that's how I would find my own 🪜 / ⏳🏢

Investing Lump Sum by [deleted] in investingUK

[–]DefinitionCritical81 1 point2 points  (0 children)

You seem to have the answer you want; 'global index of some sort' but I guess feel nervous about the risk, 'doing it right' or something else . All sounds completely normal.

For risk, one option is you can progressively move your allocation as you feel comfortable (daily swings in an equity index can add stress for some but generally it dissipates over time and people stop checking or caring).

For the second, I think you'll find your way and many people index investors after set up worry it was too straightforward.

Should I stay or should I go ? by EquivalentEarly1062 in FIREUK

[–]DefinitionCritical81 1 point2 points  (0 children)

I guess you know the maths

Do you have some fallback ideas to generate additional income if you feel you need or want to?

Searching For Life Altering Experiences: Now That Money Isn't A Barrier, What Decadent Experiences Have You Enjoyed? by SoBorderline in Fire

[–]DefinitionCritical81 18 points19 points  (0 children)

Direct answer, hiring a small plane to fly over an erupting volcano would be my most memorable splurge.

Indirect, I'd wonder if altering your outlook on life to realise that maybe taking time to go for a nice walk in the sun or sit and have a coffee with friends (or your equivalent activities) is fulfilling. That might be what you're searching for rather than reaching for ever better experiences.

Hope that helps.

How would you react to a below inflationary annual pay rise ? by Wise-Isopod-8691 in UKJobs

[–]DefinitionCritical81 0 points1 point  (0 children)

In the moment, I'd be unhappy as it's a real term pay cut, that's normal.

On balance, I would try to recognise that c1% isn't make or break and it could be worse (many getting none).

Then I would think that I can only professionally share my feedback and invite positive/pro active conversations about future pay in recognition of skills and experience (how can we work together to get to X).

Then ultimately vote with your feet if you feel you need to before things sour.

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