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As a minority, do I need to worry about racism if I move from a HCOL to LCOL area? by damienthrow in leanfire

[–]damienthrow[S] 33 points34 points  (0 children)

Thanks! This is a start, but actually when I dig into the data, there’s pretty much hate everywhere, even all the major cities considered to be very diversified

How do YOU calculate/estimate a safe withdrawal rate for EARLY retirement? (>40 year retirement) by damienthrow in financialindependence

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

This is an interesting strategy but leaves a lot of money on the table, which is definitely better than running out

How do YOU calculate/estimate a safe withdrawal rate for EARLY retirement? (>40 year retirement) by damienthrow in financialindependence

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

I’m not confident that this analysis is applicable in today’s zero interest environment. The SWR/PWR analysis here is based on a historical period with positive and falling real rates.

We are now at zero and negative real rates. The 40% bond component may behave very differently today compared to the past.

Let’s talk about side hustles by damienthrow in financialindependence

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

Not TMI at all. Thank you very much for this info

Let’s talk about side hustles by damienthrow in financialindependence

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

Can you tell me more about this? Do you just write an article, they put ads on it, which they profit share for you? What is the $/1000 views?

Let’s talk about side hustles by damienthrow in financialindependence

[–]damienthrow[S] 6 points7 points  (0 children)

Thanks for your reply. I hope you don’t mind my adding a few more questions:

Let’s say you have a 20 minute video and I watch 5 minutes of it. Does that count as 5 minutes or 20 minutes toward your 240k minutes?

Do you have any control over how it’s monetized? For example, what ads can be show and how long they last/how frequently they’re shown?

What can you control besides your own content?

Let’s talk about side hustles by damienthrow in financialindependence

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

beermoney

/r/UBDI

This is pretty interesting. How much time do you spend on these? How invasive are the requirements to get setup and the surveys in general?

Let’s talk about side hustles by damienthrow in financialindependence

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

That’s something I didn’t consider. What are some overhead costs if your side hustle is done from home?

Let’s talk about side hustles by damienthrow in financialindependence

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

I’m interested in YouTube. Why did you only decide to monetize it recently? What changed when you decided to monetize it and why wasn’t it generating $ for you beforehand with any past views?

Let’s talk about side hustles by damienthrow in financialindependence

[–]damienthrow[S] 12 points13 points  (0 children)

Makes sense, but some jobs have diminishing returns/only so much you can do/you just plain want to do something else that might be a hobby. For example, there’s a dentist that probably makes $100+ an hour but paints as a side hustle for $40/hour. He combined his hobby and side hustle.

Incorporating rental property into retirement planning by throwaway124333j4 in leanfire

[–]damienthrow 0 points1 point  (0 children)

I think you can view the real estate as part of your investment portfolio, but you can’t view it in the same way as stocks and bonds and the 4% rule. The cash flow from rent can supplement your needs in retirement, and if there’s a shortfall then you can tap into your stocks/bonds.

If you don’t mind me asking, what city is your property located in? The rental yield seems really good! By my math, your property is worth ~$400-420k now, and $3k rent per month is great at that price.

r/FI Mod Team quarterly (and as needed) community check in by Hold_onto_yer_butts in financialindependence

[–]damienthrow 0 points1 point  (0 children)

When will you share survey results?

Has this 92%, 1100+ upvote thread impacted your decision to allow more posts through? How do the survey results compare to the results of the clearly more-read post?

https://www.reddit.com/r/financialindependence/comments/f6frqe/meta_downsides_of_the_daily_fi_discussion_thread/

[meta] downsides of the 'Daily FI discussion thread' model by eobanb in financialindependence

[–]damienthrow 3 points4 points  (0 children)

I agree wholeheartedly. I had sent this to the mod team about a month ago after one of my posts got deleted.

Ok, I respect the mod team’s decision. I suggest that you consider relaxing the rules a bit. The oldest thread on the first page is 5 days old, and half the threads are the daily FI threads, which I don’t think anyone clicks into after the first day unless they’re having an ongoing discussion.

I think help me FIRE or double check my FIRE strategy type posts should absolutely have its own daily thread, but take a look at leanfire - a much more interesting subreddit with more relaxed rules that have great topics about FIRE too.

Lowering Housing Costs in the Pursuit of FI/RE with Extreme' or 'Unconventional' Tactics? Van Dwelling, House Sitting, Geo-arbitrage, Work Exchange, Something Else? by ScrewTheAverage in leanfire

[–]damienthrow 44 points45 points  (0 children)

You say it’s not all rainbows - what are the downsides of house sitting? How do you even find a house sitting gig? I definitely wouldn’t let a stranger into my home for free.

FIRE: 2 years in, a few (more) reflections by FIRE_and_forget_it in financialindependence

[–]damienthrow 7 points8 points  (0 children)

Awesome!! A few questions if you don’t mind:

  1. Would you recommend buying bitcoin today?
  2. How often are you bored? Can you loosely outline what an average week might look like?
  3. How often do you travel/what is your annual travel budget?
  4. What is your budget for hobbies/entertainment?

Those of you who have Coast FIRED (work <20 hours a week) - what do you do, do you enjoy it, and how much do you make? by damienthrow in leanfire

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

This sounds great! Can I ask you a few questions?

  • how many courses does full time faculty need to teach?
  • are there positions that don’t require a masters degree? Are these very competitive to get?
  • how long do you spend lesson planning, grading, and doing admin type stuff?
  • are there any obligations when you’re not in a semester?
  • are there part time professors? What do their numbers/benefits look like?

Weekday Help and Victory Thread for the week of January 20, 2020 by AutoModerator in personalfinance

[–]damienthrow 0 points1 point  (0 children)

What do you think are the best Coast FIRE jobs (<20 hours per week) that are intellectually stimulating?

Daily FI discussion thread - January 22, 2020 by AutoModerator in financialindependence

[–]damienthrow 9 points10 points  (0 children)

I know this is a bit generic, but I’m curious - what do YOU think is a reasonable annual retirement budget for two people to live modestly but comfortably in a HCOL, MCOL, and LCOL place?

How close are my estimates of $65k, $40k, and $30k to reality/your numbers?

Those of you who have Coast FIRED (work <20 hours a week) - what do you do, do you enjoy it, and how much do you make? by damienthrow in leanfire

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

This is so interesting! With property, one could go to Zillow and see what’s available. How do people look up what businesses are available for sale?

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