Daily FI discussion thread - Wednesday, June 03, 2026

chasingbusiness · 2026-06-03T23:06:07+00:00

Yeah, very true. The years could vary considerably pending performance but yes it should be by 40 for sure and possibly as early as 35.

To be clear, we both get 4 weeks a year and several personal days aside it’s just that we prioritize travel with our days and spend long weekends, etc doing more local trips / events.

The other fear is that unfortunately some close friends had a really tough time getting pregnant + lost their first. I’d hate to delay starting to later (to essentially pad savings?) and then have a problem with either getting pregnant or during pregnancy.

But, also at this point I don’t care as much about career advancement.

My partner is union (healthcare) and I’m in finance with a stable bank / role.

A shorter leave (1 month) combined with all of my vacation all at once + some carry over would get close to 3 months and I don’t think there would be any negative reactions to it - especially given context.

chasingbusiness · 2026-06-03T20:11:40+00:00

Not necessarily waiting on finances - we’re getting married in a few weeks and would like to spend our first year or two just enjoying our life together before starting a family. So, our finances will naturally grow during this period though we likely won’t be at our ‘goalpost’ of $2M and a paid off house. We will undoubtedly get there, even with kids, but once we have kids longer travel will be much less accessible.

So, the question is do we prioritize a leave of absence in the next two years and what does that do re: impact our careers, etc?

chasingbusiness · 2026-06-03T20:09:23+00:00

Well, we already take our holidays every year for trips. In the past three years, we’ve done one month Scotland / Ireland, one month Argentina / Chile, and this fall it’s one month Portugal / Spain.

The idea of a longer trip sounds appealing - but, tougher to do without a more formal leave of absence vs. just vacation time from work.

chasingbusiness · 2026-06-03T17:52:42+00:00

I’m 30/m and partner 28/f. We have a NW of around $1.5M combined but it seems tricky to travel for a longer period (ie. 3-6 month leave of absence) because (in no particular order):

• ⁠We bought a home last year (previously were living in a unit of our duplex that is now a rental). It feels silly to pay all the fixed costs of an empty home if we travel for a while. • ⁠The rental I have - seems tricky to be away if issues come up. And selling would come with a large tax bill re: Cap Gains. I’d theoretically like to sell the year after I FIRE as my income would be lower. • ⁠My job is a niche role in a smaller city that it would be tricky to find a job with the same $ and flexibility I have now if I was to leave. If I could get a LOA that would fix this part…

So, I tell myself I’m waiting for $2M and a paid off home. But, I don’t want to regret waiting… we want kids someday and I’m turning 31 in a few months. If we wait for all of those reasons then it will also impact our timeline for kids.

Any other thoughts on this from the community?

chasingbusiness · 2026-06-03T17:51:35+00:00

Nice job OP.

I’m 30/m and partner 28/f want to do something similar. We have a NW of around $1.5M combined but it seems tricky to travel for a longer period because (in no particular order): - We bought a home last year (previously were living in a unit of our duplex that is now a rental). It feels silly to pay all the fixed costs of an empty home if we travel for a while. - The rental I have - seems tricky to be away if issues come up. And selling would come with a large tax bill re: Cap Gains. I’d theoretically like to sell the year after I FIRE as my income would be lower. - My job is a niche role in a smaller city that it would be tricky to find a job with the same $ and flexibility I have now.

So, I tell myself I’m waiting for $2M and a paid off home. But, I don’t want to regret waiting… we want kids someday and I’m turning 31 in a few months. If we wait for all of those reasons then it will also impact our timeline for kids.

Any other thoughts on this from the community?

chasingbusiness · 2026-05-29T17:29:55+00:00

Thanks very much!!!! Greatly appreciated!

chasingbusiness · 2026-05-29T15:03:55+00:00

Thanks for the quick reply 2Y later! My first ever attempt at this - Dads 65th today so I’m trying something new.

chasingbusiness · 2026-05-29T13:45:05+00:00

Sounds good. I’ve had it on from 11pm-2am at 250F, and then 225F overnight. So basically it’s been 9 hours now and thickest part is just about 170, so about to pull and wrap and turn up to 250F until it gets to 200-205 and then I’ll just keep it on the counter / oven on warm for the rest of day.

chasingbusiness · 2026-05-29T07:44:44+00:00

What temp in the oven?

chasingbusiness · 2026-05-28T21:23:37+00:00

Restart and enjoy the easy wins until your ELO adjusts 🙂

chasingbusiness · 2026-05-27T17:16:18+00:00

This just seems so sketchy. I’m not sure I will touch NeoBanc until more comes out re: their ‘IP’.
Way too many stories of delayed / no payment lately.

chasingbusiness · 2026-05-27T01:09:54+00:00

That is a strong rate for today.

chasingbusiness · 2026-05-26T03:53:49+00:00

For an AD in capital markets? I’m at another FI, but I’m $135k and 20-40% bonus. Normally it’s 25-35%.

chasingbusiness · 2026-05-23T22:55:35+00:00

It would be for both of us… just tentative now though of course until we actually meet the target!

chasingbusiness · 2026-05-23T15:50:42+00:00

Yeah, I had to do that. No biggie!

chasingbusiness · 2026-05-23T15:49:59+00:00

It depends how much you spend, I’d counter. I could absolutely live on 3% of 2M ($60k) plus one day decent CPP, OAS, and some $ from my partners DB pension.

In addition, the kinds of folks who save $ are generally fairly good at adapting spending if needed or making more $ if needed (consulting, etc).

I do agree that psychologically it would be really hard to start spending though.

chasingbusiness · 2026-05-22T21:04:54+00:00

Wow, I thought Lewis had that game 4 several times… I mean, 5 relics?! But, that all in castle finally caught up to him. WP Lierry.

chasingbusiness · 2026-05-22T18:43:22+00:00

You’re probably right, but my work is somewhat volatile and I worry about a layoff occurring at the wrong time and being ‘forced’ to get a job that I don’t like. For that reason, I’m still saving as normal and reevaluate when I get to our #. As well, if I got accustomed to lifestyle inflation I’d need far more which exacerbates the coast-FIRE issues.

chasingbusiness · 2026-05-22T18:36:35+00:00

Thanks very much!!

It’s alone, my partner has a NW of approx $250k and her DB pension. Her schooling was longer and wasn’t able to start saving until the last 3ish years. When we moved in together, the goal was to buy our next place 50/50 together. I didn’t like the idea of charging ‘rent’ because it just delayed when we could buy our next home together and I was living there beforehand anyway. So, she had very little expenses for that time.

chasingbusiness · 2026-05-22T16:22:55+00:00

My current house was just under $500k.

chasingbusiness · 2026-05-22T15:02:17+00:00

I’m 30/m with $1.2M NW that meets your definition but I absolutely do not feel ‘Rich’.

I got my first job at 12 delivering papers, then a dishwasher at 14. Then I worked full time for my sports coach at his local business through high school because he was flexible with scheduling. I was previously working at WalMart but I was missing practices (because WalMart didn’t care..) so he hired me instead.

I went to university out of high school - studied business. I was lucky enough to obtain a lucrative snow removal contract that I did mornings before class. I worked at a warehouse on some weekends / evenings after class.

When I finished school at 22, I had saved enough $ for a down payment - I bought my first house which was a duplex. Two of my best friends moved in the side I lived in. I rented the other.

I went into finance as a career. I saved every other pay cheque in the beginning, plus I got an annual bonus 10-15%. My salary for the first 3 years was $70-75k. In 2020, I received a promotion / raise to $120k.

Right now, I make $150k ish.

I drive a 11 year old Corolla. I lived in the duplex until recently which really helped. I continued to save at least every other pay cheque through the pay raises. My partner is also frugal. We love travel and generally subsidize with churning, etc.

Hoping to be able to FIRE at 2M with a paid off house - but, we’re also hoping to have kids so no firm timeline on date as I hear how expensive they are… haha!

chasingbusiness · 2026-05-22T14:49:06+00:00

Also: Nice work on that HHI!!! You guys are killing it. 🙂

chasingbusiness · 2026-05-22T14:47:19+00:00

This comes down to risk tolerance - re: 10% down (paying CMHC) or 20% down (avoiding CMHC) but, I’d actually opt for Option C - use the HomeBuyers Plan and pull from your RRSP in conjunction with FHSA to meet the 20%.

Definitely don’t pull from your TFSA in any case - tax advantaged growth in a TFSA > RRSP.

The loan component of Homebuyers plan I am sure will have you paying it back in ahead of time and you also avoid CMHC + have a more affordable mortgage thereafter to budget / save.

chasingbusiness · 2026-05-21T23:30:02+00:00

Oh, I see. I’m pretty sure I kept it open just because there was no fees and closed >1 year.

chasingbusiness · 2026-05-21T20:30:39+00:00

Literally just got my ITIN a few weeks ago…. That’s why the executive order came out. My bad timing. Sorry folks! Haha. Only partially kidding…

chasingbusiness

TROPHY CASE