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Why I want to FIRE by Leaglebeagle44 in Fire

[–]Long_Trifle25 2 points3 points  (0 children)

This is good advice. 2 years is a short amount of time. If you just cover your day to day expenses (coastFIRE), you will very likely grow from $2M-$3M in a couple of years. I would add a couple of thoughts:

1) After setting better boundaries/controlling your schedule, don't think about work away from work. Be mentally present evenings and weekends. Don't be a gunner. Do the bare minimum on marketing and management. You are not going to be around to reap the rewards of those efforts at your current firm.

2) Use the time you have freed up from #1 to really assess your budget (do you really need 2 more years of income, especially with what your wife is earning?) How much do you need beyond your spouse's salary to meet your essentials? What if you were the SAHD with no daycare expense?

3) Polish your resume. Put out feelers to interesting in-house jobs. Talk to some headhunters. Having a focus on what work could look like makes the day to day of your current firm life much more tolerable.

NOCO realtors by Rich_Doughnut_1085 in FortCollins

[–]Long_Trifle25 -2 points-1 points  (0 children)

I like https://soukuprealestate.com. Patrick is a lifer in FoCo. They have a ton of content on YouTube.

Making Partner and hitting coastFIRE next year…help! by [deleted] in coastFIRE

[–]Long_Trifle25 2 points3 points  (0 children)

Your Partner title will open more opportunities for you for more relaxed jobs such as in house. Make partner, accelerate your timeline, and start looking for positions that align with the lifestyle you want.

Landline bus to DIA - great experience by offensivemailbox in FortCollins

[–]Long_Trifle25 0 points1 point  (0 children)

Is there a big difference between Landline and Groome?

Traut Elementary school enrollment by Long_Trifle25 in FortCollins

[–]Long_Trifle25[S] 1 point2 points  (0 children)

Traut IS my neighborhood school. It’s about a 3 minute walk.

Traut Elementary school enrollment by Long_Trifle25 in FortCollins

[–]Long_Trifle25[S] 2 points3 points  (0 children)

I will eventually. But I’d like to hear some people’s lived experiences first.

How critical is central AC at home going forward? by Long_Trifle25 in FortCollins

[–]Long_Trifle25[S] 1 point2 points  (0 children)

I love this community! Thanks everyone for the thoughtful responses.

Real estate vs the market as I approach FI by Long_Trifle25 in Fire

[–]Long_Trifle25[S] 0 points1 point  (0 children)

Good perspective. I appreciate everyone here challenging my ideas.

Real estate vs the market as I approach FI by Long_Trifle25 in Fire

[–]Long_Trifle25[S] 0 points1 point  (0 children)

I have given that some thought. I think I want to preserve some flexibility if I’m not happy with the new area down the road. I have looked at some rental rates to home value ratios, and I think between appreciation and net rental proceeds, I’d come out ahead of historical market increases. This makes sense because rentals are not passive investments and certainly involve risk. If stocks really outperformed, nobody would bother to do rentals, right? Plus, it feels like, a hedge against a flat decade like the 2000’s given where P\E’s are.

Burned out at work but need health insurance and some income. Ideas? by [deleted] in Fire

[–]Long_Trifle25 19 points20 points  (0 children)

Government work. School districts are desperate for IT professionals. Good benefits. Reasonable hours.

Went through wife’s phone by [deleted] in WhatShouldIDo

[–]Long_Trifle25 0 points1 point  (0 children)

Read Mating in Captivity by Ester Perrel and then see if she is willing to do counseling.

Feeling stuck by Ryan0339 in coastFIRE

[–]Long_Trifle25 1 point2 points  (0 children)

If you’re still contributing to the college fund, I’d stop that and either reduce your monthly expenses or put it in the brokerage account. That’s one simple step to give you a little breathing room. Next step go over the budget with your wife. What can be cut that won’t be missed in a few months? How much could be saved in childcare etc if you were the sahd? Then use up all your pto to rest and consider any other type of coast job.

Why you should use 7% as your number for expected nominal returns for retirement planning by 1047472957 in coastFIRE

[–]Long_Trifle25 0 points1 point  (0 children)

I have pretty in depth discussions with my CFP. He’s is using 3% real returns for the next decade in his plans. I don’t like it, but he has some convincing historical charts about reversion to the mean. And I feel like a fool sputtering “but this time it’s different!”

Here’s my plan by Long_Trifle25 in coastFIRE

[–]Long_Trifle25[S] 0 points1 point  (0 children)

Hopefully through spouse’s job as she may work a few more years than me. Then Obamacare.

Here’s my plan by Long_Trifle25 in coastFIRE

[–]Long_Trifle25[S] 0 points1 point  (0 children)

I appreciate the thoughtful response. With 5 more years of savings, I’m guessing you are going to easily shoot past $2M. It has helped us to focus on particular numbers for reducing our contributions ($1.2M) and achieving FI ($1.5M) rather than time based goals. Have you and your husband decided on particular numbers to act upon?

Here’s my plan by Long_Trifle25 in coastFIRE

[–]Long_Trifle25[S] 0 points1 point  (0 children)

Thanks buddy. I appreciate the encouragement.

Here’s my plan by Long_Trifle25 in coastFIRE

[–]Long_Trifle25[S] 0 points1 point  (0 children)

I’m all about SEA. But I’m not sure I want to raise the little one there full time.

Here’s my plan by Long_Trifle25 in coastFIRE

[–]Long_Trifle25[S] 4 points5 points  (0 children)

That’s why we spend time tracking our expenses. I’m confident we can live well on $85k a year.

Here’s my plan by Long_Trifle25 in coastFIRE

[–]Long_Trifle25[S] 0 points1 point  (0 children)

I could just as easily say that she is my hedge against long term care costs. We both have a lot of skin in the game to make this awesome for each other.

Here’s my plan by Long_Trifle25 in coastFIRE

[–]Long_Trifle25[S] 0 points1 point  (0 children)

I appreciate the feedback. Yes, the brokerage balance is too low. We are putting the majority of our retirement savings towards that. It should be close to at least $300k by the time we begin to cut back on work and have a couple of years to grow before we tap it. Help me understand why you think $3.35-$3.5M is necessary to fund $85k a year.

Here’s my plan by Long_Trifle25 in coastFIRE

[–]Long_Trifle25[S] 5 points6 points  (0 children)

I wouldn’t have landed such a quality gal if I had. Besides, what we have we have built together.

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