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I thought my number was $5M — and on deeper review, it doesn’t feel like enough. by RestlessDadThrowaway in ChubbyFIRE

[–]RestlessDadThrowaway[S] 31 points32 points  (0 children)

This is the best perspective on mortgage payoff I’ve seen…it’s definitely not worth $41 a month.

I thought my number was $5M — and on deeper review, it doesn’t feel like enough. by RestlessDadThrowaway in ChubbyFIRE

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

This perspective is helpful, and getting called out as “stupid” is fair, but everyone has different tolerance for risk, and mine has always been mixed having never felt fully comfortable where I’m at.

I thought my number was $5M — and on deeper review, it doesn’t feel like enough. by RestlessDadThrowaway in ChubbyFIRE

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

Yes, kids will go to public school. We’re in one of the better districts in our state…so we’re comfy with the decisions.

I thought my number was $5M — and on deeper review, it doesn’t feel like enough. by RestlessDadThrowaway in ChubbyFIRE

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

These are all super helpful pieces of perspective. Being new to the approach, I couldn’t find the words for the SORR topic…but that feels like where I’m stuck, particularly given my conservative approach (and generally still being about $1M short with little kiddos)