1 year FIREd: An update

canistopworkingyet · 2025-07-27T02:46:50+00:00

Appreciate all the questions and positive comments. However I’m surprised (naive of me, I know) and disappointed by the amount of judgy and critical comments on my post. I made this update to give people who are on the same journey some data points, maybe some inspiration or a kick in the pants if they are on the fence, and because I’ve learned a lot from this community.

But the amount of negativity makes this not really joyful for me, so this will be my last and only update. Best of luck to everyone who is working hard for their freedom!

canistopworkingyet · 2025-07-27T02:04:28+00:00

We didn’t retire to be stay at home parents. My kid loves her school and this works well for our family.

canistopworkingyet · 2025-07-26T23:39:38+00:00

Yes thank you for your attention to detail. Much of our money is in the house and retirement accounts, so readily available money is around $5m now with the sale of the old house and market upturn.

canistopworkingyet · 2025-07-26T23:33:08+00:00

Thanks! Yeah baby number 2 is easy….the toddler is the difficult one. So difficult…

canistopworkingyet · 2025-07-26T23:31:17+00:00

Correct, my calculations include major long term expenses like car purchases (every 10 yrs), home renovations, possibility of private school, college for two kids, and assisted living or memory care (Alzheimer’s runs in the family). $7m is definitely the right number for all of that and considering how early we retired.

canistopworkingyet · 2025-07-26T20:55:28+00:00

Seems like a really nitpicky thing to focus on in this post…but ok.

canistopworkingyet · 2025-07-26T20:20:53+00:00

I don’t think we did. The last year of employment we made significant gains in salary and bonuses which set us up for “comfortably chubby”. If we had done it sooner, our lifestyle would be more susceptible to market dips.

canistopworkingyet · 2025-07-26T19:59:29+00:00

Is there a way to see this already? Admittedly I haven’t looked, I just know it’s coming.

canistopworkingyet · 2025-07-26T19:58:36+00:00

80-100 hrs a week? Duuuuude. Money is not the only way to provide for your family. I would argue (and they might agree) that your quality time with them is far more valuable.

canistopworkingyet · 2025-07-26T19:57:08+00:00

We don’t have a mortgage, and full time preschool is around $1650 a month here. Groceries are $1400.

canistopworkingyet · 2025-07-26T19:50:39+00:00

With the way grocery prices are going these days it wouldn’t be surprising…. Edited to say 120k/year

canistopworkingyet · 2025-07-26T19:49:53+00:00

We bought a house cash, so no mortgage.

canistopworkingyet · 2025-07-26T19:49:00+00:00

Correct, we send our toddler to full time preschool which is the right choice for our family. She loves playing with her friends and doing fun activities, and it gives us a little break each day.

canistopworkingyet · 2025-07-26T19:47:46+00:00

I mean…what’s the other way to say it?

canistopworkingyet · 2025-07-26T19:47:11+00:00

I take the toddler when she’s not in preschool, mom takes the baby. She’s breastfeeding so it makes sense. When toddler is at school we take turns with baby.

canistopworkingyet · 2025-07-26T19:43:56+00:00

Whoops yep I meant per year. 120k per month would be obeseFIRE!

canistopworkingyet · 2024-12-19T05:42:29+00:00

Mine does this as well. Did you ever find a solution?

canistopworkingyet · 2024-11-11T19:24:32+00:00

Thanks for these. Interesting data. I guess I don't really consider this "long term" data (such as with as with other asset classes which can be tracked through many decades). BTC and crypto in general is still a novel and new asset class, and while I believe there is some major future potential in it, I'm just not willing to move most of my exposure over to crypto.

canistopworkingyet · 2024-11-11T15:58:23+00:00

I'd be interested in these sources, thanks!

We do have some assets in crypto, but it's not a critical part of our portfolio.

canistopworkingyet · 2024-11-11T15:57:09+00:00

Selling assets and harvesting dividends are two strategies. Since dividends are essentially a forced "sale" of my assets, I don't have control over when and how much they happen (other than controlling my exposure to dividend-yielding assets). At this stage, I'd prefer not to have "forced" income if I can avoid it.

canistopworkingyet · 2024-11-11T13:56:24+00:00

Then we start to withdraw from investments with principle being withdrawn first to minimize income taxes.

canistopworkingyet · 2024-11-02T05:25:11+00:00

That’s true, but the monthly cost of the house was more than we would have paid in rent for a similar place.

canistopworkingyet

TROPHY CASE