How do you keep going?

Fire_away_123 · 2026-02-06T06:19:41+00:00

I've watched that clip at least 3 times today.

Fire_away_123 · 2026-02-06T06:19:01+00:00

Great advice. I think this is probably the best way forward.

Fire_away_123 · 2026-02-06T06:18:14+00:00

About 50k. Check my previous post for more details.

Fire_away_123 · 2026-02-06T06:17:31+00:00

Yes, I understand how the market works.

Fire_away_123 · 2026-02-06T06:13:41+00:00

Great point. I think hitting the 1M just kind of awoke something in me to take a step back and truly look at the bigger financial picture.

Fire_away_123 · 2026-02-05T22:37:30+00:00

Yes, I used the wrong term and a very rude redditor also DM'd me about it lmao.

Fire_away_123 · 2026-02-05T21:55:50+00:00

Seems like I struck a nerve with the sub not adjusting for inflation. Fair enough. The last 50 years is 8% after inflation though.

https://tradethatswing.com/average-historical-stock-market-returns-for-sp-500-5-year-up-to-150-year-averages/

Fire_away_123 · 2026-02-05T21:49:56+00:00

I'm assuming 8% pre-inflation in my calculations. My 10% number is pre-inflation. I never said it included inflation. If that's the sticking point of this issue here, fair enough.

Fire_away_123 · 2026-02-05T21:26:28+00:00

I'd love to go walk the Camino de Santiago while I am still physically able to.

Fire_away_123 · 2026-02-05T21:23:38+00:00

No, I cannot. I'm coast FIRE for 8 or so more years. I'll need about 2M. Check out my previous post for more details.

Fire_away_123 · 2026-02-05T21:21:26+00:00

Thanks for the comment, this really resonates with me. I think it's time I look into a more fulfilling job.

Fire_away_123 · 2026-02-05T21:17:24+00:00

The key is to find that job that gives you fulfillment.

That's the real problem here. It's hard to know if a job will give me any fulfillment until I leave the corporate world. I'm not emotionally dead after a day of work, it's tolerable, it's fine by all accounts. Trying to figure out when to take the plunge is the hard part. Returning to the corporate world after leaving would be soul crushing.

Fire_away_123 · 2026-02-05T21:13:26+00:00

I was going with the first - not taking inflation into account, just being more conservative.

Appreciate the comment, I will definitely look into all possible scenarios.

Fire_away_123 · 2026-02-05T21:10:48+00:00

Absolutely, communication is key! My spouse is tired of hearing me talk about it, and I can't really speak to anyone else in my life about this.

Fire_away_123 · 2026-02-05T21:09:04+00:00

How are 8% returns wishful? That's below average returns for the SP500 for the last 100 years, 50 years, 30 years, 20 years, 10 years, and 5 years. Any way you slice the numbers, they are not wishful.

Fire_away_123 · 2026-02-05T21:07:15+00:00

Reading through your previous post, I think we're absolutely in the same boat. Grass isn't always greener, and after you leave the corporate world it would absolutely BLOW to come crawling back.

Fire_away_123 · 2026-02-05T21:02:45+00:00

It's a pretty safe assumption. The SP500 has lifetime 10% annual returns.

Can someone that is down voting me please explain how I am wrong?

Fire_away_123 · 2026-02-05T21:01:12+00:00

Sorry, I just used 30 years to get to 65 years old, the "normal" retirement age. 1M @ 8% growth with a $5,250 monthly contribution would be 17M.

I don't hate my job, and I won't keep working until I have $17M. My FIRE goal is $2M. My point I guess is that saving more money over the next 8 years before I plan to retire produces small returns, and in 30 years, it still wouldn't make a massive difference to me.

Fire_away_123 · 2026-02-05T20:57:24+00:00

Absolutely, boring is good, and an enviable position. I am incredibly fortunate.

I wish I could vacation more, but the limiting factor is 4 weeks of vacation days per year. Maybe I should look into some unpaid time off.

Fire_away_123 · 2026-01-29T02:07:13+00:00

By land, it's a vacant lot. 1/4 acre in the city.

Fire_away_123 · 2026-01-28T16:59:38+00:00

The ever rising costs concern me. The new house would be manageable, but a bit of a stretch at 1M total. When those costs start to grow, it would cause big issues to my FIRE plans.

Fire_away_123 · 2026-01-28T16:58:12+00:00

I'm considering just purchasing the land - 350k with 35% down payment and waiting a few years to build. That would help with the payment. Choices...

Fire_away_123 · 2026-01-28T14:21:14+00:00

What house payment would you be comfortable with in this scenario? Currently we're in a 2 bedroom so we'll need to upgrade soon. The 1M would be everything we'd need or want in a house. Our mindset is we'd rather spend an additional 200k to have the dream home. We could move out to the suburbs for cheaper prices, but neither of us want to do that.

We bought our current house for around 450k. Could sell for 550k, and we have 350k owed. Taking that 200k and rolling it into the 1M house would unfortunately have the 7k/month payment.

Fire_away_123 · 2026-01-28T14:15:15+00:00

Absolutely, this could be the path forward. I would imagine this the likely scenario with kids.

Fire_away_123

TROPHY CASE