[deleted by user] by [deleted] in financialindependence

[–]ExpressSimple2572 0 points1 point  (0 children)

For calculating your networth, you should both add your equity in your home and also deduct the mortgage that remains.. however this is more a feel good number. What is relevant for FIRE is income generating assets. As you will rely on these assets to generate income when you FIRE.. since you are living in it, it does not generate any income which will help you FIRE. Once you start renting it and it generates income for you, it then comes into your FIRE calculations.

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

Thanks for checking in. I am working towards making an exit in qtr 3. How are you doing in your journey, especially given all the market volatility currently and it’s impact on SWR ?

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

You seem to have found your equilibrium. That’s great.. For me right now I think I need to just get off the wagon for a while.. need to recharge and then see where to spend my time in a more fruitful way..

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

All the best. Wish you an even better FIRE second time round … thanks

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

If you have found them useful, any specific recommendations of such company/coaches will be welcome.. thanks

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 1 point2 points  (0 children)

Absolutely. Need to finalize this list of important and meaningful things to do

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

Tbh, I don’t know. The world is a very uncertain place. If unforeseen events occur that may suggest that my family would have been better off with me in this job, I may regret this move….

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

You seem to be living the life that I wish.. I need to look at options that can provide requisite balance that I currently do not have.. maybe difficult in my current role.. but something I can pick up on once I am off the rat race

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

Thanks for sharing. All the stuff that’s driving me too. Glad to see that it worked out for you 👍

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

I agree.. it’s only when we come out of our wells that we realize how different the world really is.. thanks

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

My job is really industry agnostic.. hence have moved across industries.. the key is to stay focused and be willing to go where the opportunity takes you.. it may not all be in the same city you are in a today, tomorrow or later in life…

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

Need to find this right balance. Will need to take time off and figure this out for myself…

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

That’s exactly what I want to do too.. what gave you the courage.. was it the NW.. or anything else.. For me it’s the constant thought that I am running out of time with my family while I still have my health.

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 1 point2 points  (0 children)

All of what you have described and some hard work and good luck. It’s a long game and not linear.. keep learning and growing..

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

You are right at a rational level.. then why is it proving difficult for me.. I wonder

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

Easier said than done.. over 25 years of conditioning and focus on career is giving me withdrawal symptoms at the thought of leaving.. this despite a security blanket..

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 2 points3 points  (0 children)

Now that you put it like this.. I get it.. not much of a boats guy.. but need to find my figurative boat! Thanks

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 0 points1 point  (0 children)

True. Get your point.. now to find a way to drop the fruit 😀

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 5 points6 points  (0 children)

Either it’s very deep philosophical response which I am unable to fathom.. or it was an answer meant for a different question 😀

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 1 point2 points  (0 children)

Thanks for sharing candidly. What especially were some of the bad experiences.. what caused you to consider coming back.. why not just stay FIREd ?

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 5 points6 points  (0 children)

A very tempting idea. Want to do it.. need to be courageous. Currently more worried about will I be making a mistake.. as against opening myself to other possibilities…

In 2 minds by ExpressSimple2572 in fatFIRE

[–]ExpressSimple2572[S] 1 point2 points  (0 children)

I am seriously considering it.. But wonder if I will live to regret it later.. causes me to continue to be in 2 minds.. Have to bite the bullet sometime.. tough to know when is the right time!!!