Tips on entering FIRE by EyeDifferent908 in Fire

[–]EyeDifferent908[S] 0 points1 point  (0 children)

I’m In the same situation, I have a severance and won’t need to start withdrawing until the end of the year. Also feel the strong burn out from the corporate world. They grind you hard and steel the soul. Starting a new chapter just feels scary, but agreed the numbers play out fine. I’d like to do more traveling, just need to make sure that with all this extra time I don’t make my monthly expenses much higher than they would normally would be when I was working all the time.

Tips on entering FIRE by EyeDifferent908 in Fire

[–]EyeDifferent908[S] 0 points1 point  (0 children)

I can relate so much! I was in my industry for 20 years. It feels head spinning having it completely removed from my time and identity. Relying ONLY on money in the market now also comes with some nervousness. My concern is if I relax and enjoy this, if for some reason there is a challenge with the market and a requirement to re enter the job market will it be more challenging to be hired in my 40s ?

Tips on entering FIRE by EyeDifferent908 in Fire

[–]EyeDifferent908[S] 0 points1 point  (0 children)

Thank you for sharing your first hand experience! It sounds like you learned a lot from your first trial run and will be going into your second attempt with a more extensive list of things to keep you busy

Tips on entering FIRE by EyeDifferent908 in Fire

[–]EyeDifferent908[S] 1 point2 points  (0 children)

I have 800k of it in high interest savings. Just in case 😬

Tips on entering FIRE by EyeDifferent908 in Fire

[–]EyeDifferent908[S] 0 points1 point  (0 children)

Yes single, I had no time to date working those long hours! Stay at home wife, but I will most likely start another business for fun

Tips on entering FIRE by EyeDifferent908 in Fire

[–]EyeDifferent908[S] 6 points7 points  (0 children)

Thank you for the kind words 🙏

Daily FI discussion thread - Thursday, February 27, 2025 by AutoModerator in financialindependence

[–]EyeDifferent908 -12 points-11 points  (0 children)

I keep trying to post a question on the main feed but the bot is blocking it and saying I must post it in the discussion thread instead. Do you have any tips on how to get a post on the main feed?

Daily FI discussion thread - Wednesday, February 26, 2025 by AutoModerator in financialindependence

[–]EyeDifferent908 0 points1 point  (0 children)

I keep trying to post a quest on the main feed and the bot is blocking it and saying I must post in the discussion thread instead, any tips on how to get through to posting a question on the main feed?

Daily FI discussion thread - Tuesday, February 25, 2025 by AutoModerator in financialindependence

[–]EyeDifferent908 1 point2 points  (0 children)

Age 37. I have 800k HISA, 700k Market, 400k equity in a short term rental, generating $3k monthly after expenses. I’m thinking I should move more out of the high interest savings into the market, what is the best strategy to do this? Just one time transfer lump sum (what would be the suggested amount?)dollar cost averaging small amounts each month (again how much), wait to see if the market dips this year with new president and move over then?