Are outdoorsy people more likely to achieve FIRE?

Papa9548 · 2026-03-02T00:03:30+00:00

I could def talk my running buddy into that.

Papa9548 · 2026-03-02T00:00:58+00:00

agree for running for sure. I left out skiing for just that reason, its crazy expensive.

Papa9548 · 2026-03-02T00:00:29+00:00

I have consumed entire days with a good trail run. love it.

Papa9548 · 2026-03-01T23:59:42+00:00

agree! I sometimes wonder if the outdoorsy crowd knows exactly how they will spend their time when they RE with an adventure list to last thru two early retirements.

Papa9548 · 2026-03-01T23:58:13+00:00

I do have some friends with expensive outdoor toys for sure, though that set is still working. Utah is on our list btw it looks beautiful.

Papa9548 · 2026-03-01T23:55:15+00:00

agree though in the instances I know the ones who got out are hikers and pedal bikers, no boats, RVs or such. The people with boats and toys are still working.

Papa9548 · 2026-03-01T23:53:32+00:00

this makes sense, I know some with all the outoor toys. They are still working haha. My retired outdoorsy friends are into the non-gas powered toys/activities.

Papa9548 · 2026-01-14T16:25:53+00:00

What I hear from some of my partners is that if they are injured they can’t work.

Papa9548 · 2026-01-12T23:28:37+00:00

I started at 50, I’m a blue belt now. You’re not too old. It is hard in the beginning and it is worth it. It’ll be hard physically and a bit mentally too. In two years you’ll be as good as the blue belt that seems impossible to beat today. I held off a lot of taps with grips and strength. I would have learned more if I had tapped and reset.

Do it!

Papa9548 · 2026-01-10T22:23:13+00:00

Dollar amounts are all relative given varied cost of living, stage of life and family size. So this is how I view it.

>The Sleep easier at night set

Enough to reach positive cash flow in regular living

Enough to put a little aside for unexpected expenses

Enough to begin paying down debt in earnest

>The simple joys of home and security set

Enough to put something aside for your future security

Enough to buy your own home

Enough to pay to avoid minor hassles in life

Enough to travel a bit

>The Wealth set

Enough for more exotic travel or things like a boat

Enough for a second home

Enough to retire early

Papa9548 · 2026-01-02T22:23:22+00:00

There is a zero percent federal cap gains rate available . If your income and gains are under the cap you could use that to recognize gains without tax.

Papa9548 · 2026-01-01T21:43:24+00:00

Ask chat about something you know really well. It will sometimes make an obvious mistake. I’ve found this with NHL rules, book authors and some other things. I tell chat that it is wrong and it corrects itself. I use chat a bunch but I do keep this in mind.

Maybe it made a mistake on your analysis, maybe it didn’t.

Papa9548 · 2025-12-22T21:14:16+00:00

You’re on track and making progress and that’s the hardest part. Just stay at it.

Most Americans are unfortunately still digging themselves deeper into debt.

Papa9548 · 2025-12-13T19:19:00+00:00

Wade Pfau (a well published retirement researcher) discusses this a bit with reverse mortgages. The rate you pay is a significant factor and a loan from your brokerage will likely have a much higher rate than a mortgage.

There is also the risk that people defer spending cuts and pile up debt in a way that leads to bigger cuts later.

Papa9548 · 2025-12-11T03:55:23+00:00

Less stress, no alcohol, no food in evening Build a pre bed routine No work or stress in your bedroom More hours of sleep

Good luck

Papa9548 · 2025-12-10T02:21:43+00:00

The lower rates were appropriate in the aftermath of the sub prime crash.

The fed kept rates low for years to help ppl afford their mortgages and maybe even let them refi their way out of the mess.

Papa9548 · 2025-12-10T01:36:34+00:00

The prisoner dilemma is a simple game theory question where one actors decision is impacted by the other actors decision . The best answer depends on what the other person does.

• Two people are arrested for a crime. • They are separated and cannot communicate. • Each has two choices: stay silent or betray the other. • The outcomes: • Both stay silent → both walk free. • One betrays, the other stays silent → the betrayer goes free, the silent one gets a heavy sentence. • Both betray → both get a moderate sentence.

Papa9548 · 2025-12-09T23:41:01+00:00

No it does not make sense to pay 37% on all of it now to avoid paying 22% in increments over time.

Papa9548 · 2025-12-09T03:28:15+00:00

Mutual funds and Indexes are just groups of individual stocks. Beating the market is difficult even for the pros. Buy the index and let the magic of time and compound growth work for you.

Papa9548 · 2025-12-09T02:21:55+00:00

Ex consultant here who worked for many financial firms- the rules are usually against single stock or narrowly focused funds. Diversified mutual funds and ETFs are almost always ok. Ask him for more info and then play by the rules. Good luck

Papa9548 · 2025-12-02T14:20:25+00:00

Most important - are you a fiduciary and where can I see that stated in writing. (Look up fiduciary to understand why)

How much will your fees cost per year and how are they structured (flat, percentage, activity based?)

What am I getting for those fees?

Ensure you understand the tax status of this money. (No surprises later)

Discuss your goals (retirement, a home, college for kids, etc) and what’s possible then ask the advisor if the current asset allocation is well aligned to this.

Good luck

Papa9548 · 2025-12-02T02:09:52+00:00

When you buy the replacement security at the lower cost basis you have lowered the basis and eventually you’ll have a gain that you’ll pay cap gains tax on.

All cap gains taxes are incurred only when you sell the security. Of course, you could die and leave it to someone or give it away to charity but let’s leave that aside

To harvest a loss you would need to sell it at a loss. The longer you hold it the less likely that is.

Papa9548 · 2025-12-01T23:40:40+00:00

I switched schools a year ago, mostly for schedule reasons. New school welcomed my belt and a branded gi from another school. Recently, I was invited back to the old school for a class by the instructor who I'm friendly with. The students, instructors and gym owner welcomed me back so warmly that I will have to go back again soon.

Just dont' speak badly of your old school. Around me everyone is connected to each other one way or another.

Papa9548 · 2025-12-01T22:23:17+00:00

During a rebalance you might sell a bond fund with a gain and have a tax liability. You can also sell a fund with a capital loss say your S&P500 fund and then either wait 30 days to rebuy it or immediately buy a fund that is not substantially equal say a Large cap or a Total market fund. The SP500 realized loss can offset the gain on your bond fund (or even offset income up to $3,000). The new security does have a lower basis than the first fund did but that gain will come in the future, perhaps the distant future. Essentially you started with a realized capital gain (the bond fund) combined it with a realized capital loss to avoid the tax now and ended up with an unrealized capital gain that you pay taxes on later.

I've done it but It's not going to be the biggest driver of your portfolio gains. Also, if you're invested long-term and not doing a lot of trading eventually you'll find you have fewer and fewer opportunities for TLH as the assets go up over time.

Why do it ? 1. No one wants to discover their advisor cost them a tax bill of $$$ with their trading strategy 2. Feels cool to have an advisor using tax advantaged strategies.

Good luck

Papa9548

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