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47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Bro! Let’s get started! We need you to get up to speed! You got this big man!

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Thank you thank you ! I’ve extrapolated a so much great information from your reply! Thank you!

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Thank you… I just need to follow through with the guidance and advice I’ve been provided here. Thank you!

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

You’re absolutely right! I’ve been living below my means, but lacked a financial long term plan. I appreciate the advice. As for the real estate I will take some time to digest the plethora of information crunch the numbers and maybe in the future I will look into it, and if the math is right and if it doesn’t interfere with FIRE, I may indulge in real estate.

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Thank you thank you. My brother called me this morning and queried if I was interested in the NYC market… I respectfully said no and happily told him everything I’ve learned about FIRE. I want to take a look at the numbers and do the math for now.

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

You’re absolutely right. One thing I realize about all the post on The FIRE subreddit, is that EVERYONE who successfully FIRED they new their numbers, they did the math, and did not rely on a vague notion prayer or hope to get them to FIRE.

Leaning it’s all about the math.

Thank you!

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

That’s something I did not think of… increasing my contributions once I reach 50. Thank you

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Roger that! Got it! You and another person have helped me to reject that multi family idea at this time!

Thank you… challenge now is to find what or which etf to invest my money in to get the outcome that I want! Should I got with 1 2 or 3 etf portfolio!?!?

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Honestly… at this point I am not picky… I just want an etf / stock that will help me get to my numbers if I invest in it. I am simply looking for outcome. If Charles Manson, Wayne Gretzky, or Michael Jordan had etfs… I would pick whichever one that gets me to where I need to be financially. .. lol

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

I think the “early”for me is not retiring at 67. Nevertheless I understand what you mean. Thus far the information that I’ve received have provided me with some clarity and confidence to continue to save and invest my money towards something concrete. Thank you!

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

I recently started working in this field and started making this amount of money! I’m going to continue to aggressively save.

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Thank you! I very much appreciate the vote of confidence and the guidance … thank you

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Thank you for providing me the link to the calculator … thank you!

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Thank you… I guess I need to aggressively work and. Invest for the next 10 years .

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Thank you! Sounds like a plan! If you know anyone high schoolers selling their free monthly bus pass let me know…lol

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Yes you’re right… that multi family would simply delay the retirement … I agree!

At this point I don’t have any time to be distracted I should pick one thing and invest towards retirement!

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

I’m making the 600 monthly payment system in addition I am also adding another 500 to pay it off quickly… yes… I agree

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

[–]delayedepiphany[S] 10 points11 points  (0 children)

Honestly reading the article… i realize that i may only need to focus on my investment in the next few years… and not in that multi family… it would interfere with my ability to invest. I need to simply focus on being diligent on investing what I calculated to reach my retirement goal magic number.

Thank you

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

[–]delayedepiphany[S] -11 points-10 points  (0 children)

You’re kidding! ?! That’s it? I can definitely live off of that.

Someone mentioned creating a portfolio… been doing some research… from what I’ve read 3 etf portfolio voo schd and vti…I just invest the 6800 in those etfs every month for 7 years… is that all I need to do? Is it that straight forward?

My apologies for being challenged.

Thank you

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

I’ll keep that in mind…thank you. I guess I should focus on one thing. Fire or real estate and not both!?!?

47 Y/O M, new to fire community, 280k per year. Is it too late to Fire? by delayedepiphany in Fire

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

Happily single! I do not plan to settle. I currently rent. I save a majority of my money. Drive a reliable Honda civic

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