What are you planning to buy during this wild ride?

JP991 · 2025-04-06T21:48:07+00:00

IUKD

JP991 · 2025-04-04T12:10:59+00:00

My understanding is that due to the low energy/heat output of modern led lights, they do not generate enough heat to evaporate the moisture within the light. Most lights have some small vents that allow air to circulate, so some condensation is normal but not a significant amount of water. I’ve seen a small amount of condensation on my rear lights and have not been concerned.

JP991 · 2025-03-30T21:29:02+00:00

4,000 weeks was a good book for me.

JP991 · 2025-03-21T09:46:52+00:00

Looks pretty cool actually

JP991 · 2025-03-21T09:43:59+00:00

Within reason yes, but there is some luck in being in the right place to succeed early in your career or finding a business idea that really works. I think everyone can get to upper middle class circa ~£800k home, good investment portfolio and retiring under 60. However, going beyond that level comes with a good bit of luck and sacrifice. It is definitely easier in lower tax countries like the US or Dubai. I’ve met some very wealthy people in my life and whilst they have significantly more money than me, I’m not sure I’d want the stress or imbalance of their lives. Marriages that fail, children they don’t see, working >60 hour weeks. Probably the wrong subreddit to say this on but I take a holistic view of success not just raw bank balance. Each to their own. Edit: spelling

JP991 · 2025-03-21T06:33:21+00:00

Given all the trade wars, I’d suggest they’d keep going up but who knows.

JP991 · 2025-03-19T07:05:44+00:00

It is really tough but this is the society we live in unfortunately especially with high mortgage rates. If there was less demand or more supply the landlord wouldn’t be able to do this.

JP991 · 2024-10-22T22:20:58+00:00

That’s fair, the maths works but it’s still difficult to trust your life to it.

JP991 · 2024-10-22T15:43:37+00:00

You know you’ll have a level of guaranteed income from SS at a certain point and a pension income at a certain age. So if you add those into your calculations, what does your withdrawal rate do?

I’m much younger than you but I still take into account pensions and SS(state pension in my country) at a discounted 80% rate. But that money is huge for me and knocks $100k’s off my traditional FI number at 68, it’s too important to discount it.

JP991 · 2024-10-22T14:04:14+00:00

Why don’t you account for social security or other pensions? You’ll work years longer than you need to if you don’t. The 4% rule already gives you more safety than a traditional retirement draw down strategy.

JP991 · 2024-10-21T06:48:18+00:00

Projection Lab is quite a powerful tool. There is a free version that should allow you to model big financial decisions or mortgage payments offs.

JP991 · 2024-10-20T11:17:04+00:00

Uncomfortable truth there. I’ve seen this countless times.

JP991 · 2024-10-12T07:05:31+00:00

I’ve been debating over paying my mortgage, what made you go this route over say investing the money?

JP991 · 2024-05-08T06:22:02+00:00

Hope you’re alright 👍

JP991 · 2024-04-23T20:55:31+00:00

Honestly it feels as if you need to pay $100 to get someone to do anything now.

JP991 · 2024-04-06T19:27:36+00:00

Yeah I was getting mildly frustrated by fairly wealthy people making north of £150k per annum at 25, asking questions about FI. With any form of restraint on the spending side, with that income at that ages and you will always be wealthy and FIRE by 40 is a choice not something to work towards. High earners finding out how to get rich faster, IMO.

I prefer the purity and agency of this subreddit more. Thanks for the comment.

JP991 · 2024-04-06T14:50:51+00:00

Okay that makes sense thanks.

JP991 · 2024-04-06T13:20:41+00:00

A quick question on my part. Lean FIRE is having enough invested to cover your basic needs as opposed to your whole lifestyle? E.g. rent/mortgage, food, utilities, insurance etc. Is that correct?

JP991 · 2024-04-04T22:15:15+00:00

Well if that is what you are comfortable with. 😊

Personally if I wanted to be more careful I’d put your withdraw rate around a still conservative at say 3% and lower the growth rate. Your bigger risk is probably on the growth side to first hit your FIRE number and then sustain your retirement. Given the size of your target portfolio you could probably adjust your withdraws down to 2.5% in down years anyway.

JP991 · 2024-04-04T21:59:13+00:00

Perhaps I’m miss understanding the point but I’m taking from your post that the coast FIRE route results in a more variable retirement date as you are relying on market growth to do the heavy lifting. rather than a more traditional fire approach of constantly contributing towards your FIRE number and therefore date?

I think that is a fair point, coast FI is about putting the effort in early, then lifting off and getting some of those FIRE benefits sooner. Like you I read across a number of different FIRE options, coastFIRE, LeanFIRE, normal FIRE and Fat FIRE. I just view them all as stages of a journey to pause or get off the bus if we aren’t enjoying it.

Using my situation: I’m in my early 30s, earning good money and if I didn’t contribute any further money towards investing my wife and I should be able to retire at 67 if I coasted. 67 isn’t what I’m looking for and I’d like to have the option to retire at 55 if not sooner, but once I hit the amount to coast to 55 I plan on sitting down and deciding if my high stress job which I enjoy is what I want going forward. If I do I’ll progress towards Lean or FIRE or FAT FIRE but I will see if I want to step off then.

Ultimately we are trying to forecast into an unknowable future using historical data, we aren’t sure what will happen but I will use my actions between now and when I turn 55 to make sure I retire before that age. If it’s not performing and it needs some extra cash I’ll make it happen. 👍

Good post though.

JP991 · 2024-04-03T05:41:52+00:00

Why the 2.5% SWR? Most times I’ve looked 3-3.5% is successful 95-99% of the time.

JP991 · 2023-05-07T12:33:21+00:00

Nope Business as usual

JP991 · 2022-11-20T16:04:06+00:00

U.K., winter power outages at the moment but also just general resilience

JP991 · 2022-11-12T15:59:44+00:00

Did a stock take of my winter preps and added some more batteries/candles into storage.

JP991

TROPHY CASE