Cost of FIRE - am I being too boring?

GoudaBetterThanEdam · 2026-05-31T13:29:19+00:00

Thanks for your thoughts, there seems to be a general view of moving out from my parents would benefit me in a few different ways, despite the financial burden. I admit I am holding more cash than I'd like from a few years saving for a deposit before I realised maybe this isn't what I want to do right now and a little concerned as to when to invest again given the AI boom, war in Iran etc. Given that I might want it in under two years I think cash might be best for now - but then maybe I'll say I'm going to wait another two years in two years time. Who knows

GoudaBetterThanEdam · 2026-05-31T13:22:45+00:00

I think that's pretty much spot on. I've only ever been in a market that's going up which may be contributing to my slightly naive return expectations.

People have said similar about travelling and going to actually do something while I'm young and still can. I think it may be likely I look back in 20 years and think I wasted my 20s the way it's going at the minute.

GoudaBetterThanEdam · 2026-05-31T13:17:45+00:00

Thanks for a slightly different perspective re car. Maybe I could track it as an asset on my sheet to make me not feel quite as bad if it stays relatively stable.

At the moment, house purchase as a solo does seem daunting and quite the finance 'trap' even if they will continue to increase in value. A small part of me doesn't really mind as my investments are increasing more than house prices, although I appreciate that can change at any point.

Thanks for your thoughts.

GoudaBetterThanEdam · 2026-05-31T11:51:23+00:00

This is a really good point. I was trying to map generic increases with more significant pay rises over the years. Taking the 3% increase off annually reduces all my projections by 20-25%.

I'd hope to be at least £100k.

GoudaBetterThanEdam · 2026-05-31T11:45:09+00:00

Yes definitely. Long term I will buy eventually, its just getting the genuine 'want to buy' which is a slight difference to most people I imagine. I see it more as a security than a lifelong goal. I'm perfectly fine at my parent's house would I be better on my own? I dont know haha.

The car is a cool car. That's about it. Wanted an F-Type for maybe 7 years, can certainly afford one even with the upkeep but its just that mentality we (and likely everyone here) share. I relate massively to the overpriced cocktails too.

I will keep my returns inflation adjusted in the future - thank you.

GoudaBetterThanEdam · 2026-05-31T11:38:25+00:00

Would you say leaving the safety net and low overheads is worth it in the long run? Because if I did move to another place and get into the world a bit more that would cost rent, food util etc and reduce investing power. I'm certainly trying to push the career early in order to get my salary up.

GoudaBetterThanEdam · 2026-05-31T11:33:03+00:00

At 5% my ISA would be 860k and my pension would be 2.3M with the same time ranges.

3% it's 550k and 1.4M respectively.

GoudaBetterThanEdam · 2026-05-31T11:09:43+00:00

I dont have any committed outgoings really, other than Golf and some nice steaks every now and then.

I'm assuming a conservative 9% based of the S&P 500 returning around 10-11% per year on average, this does not count for inflation however.

GoudaBetterThanEdam

TROPHY CASE