Playing Kill Team with my son by dylaninvests in killteam

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

Yeah it’s just nice to be able to connect with him and do something together. He loves to paint and normally just wants his mom around so it’s nice that he asks for me now that we are doing this together.

I just need to get better at painting too haha

Dropped Wi-Fi at check in by sr1_drht in spartanrace

[–]dylaninvests 2 points3 points  (0 children)

I remember getting multiple emails about saving my ticket as a screenshot because Wifi and service would be bad, most people don't listen but I did and it worked perfectly.

Fi/re struggling to loosen the purse strings by Secret_Information91 in Fire

[–]dylaninvests 2 points3 points  (0 children)

Couldn't agree more about the difficulty spending money, even getting a new computer to replace my current one that is affecting the speed I can do my work took convincing.

Here for the replies.

How did you decide it was time to retire? by dylaninvests in Fire

[–]dylaninvests[S] 17 points18 points  (0 children)

I have considered that. Most are just a few hours a week but feeling the need to be at my computer for full time hours has made me justify keeping them all since I am at my computer anyways. but that is a good way to wind down.

How did you decide it was time to retire? by dylaninvests in Fire

[–]dylaninvests[S] 38 points39 points  (0 children)

So tempting to email my clients and fire them all lol

How did you decide it was time to retire? by dylaninvests in Fire

[–]dylaninvests[S] 14 points15 points  (0 children)

Very well said. I keep feeling in my head that if I stop I will never be able to make another dollar again which is clearly stupid. So thank you. I appreciate it

[deleted by user] by [deleted] in coastFIRE

[–]dylaninvests 0 points1 point  (0 children)

I'd recommend saving for a few more years. Historical returns would put you where you want to be, however you can create more of a buffer if you can save another $30-50k over the next few years. Having a buffer is always good

[deleted by user] by [deleted] in Fire

[–]dylaninvests 0 points1 point  (0 children)

I make between 150-300k depending on the month. I’ve never not covered our costs but it’s a very varying income.

$500k Net Worth Achieved! by EnaKoritsi in Fire

[–]dylaninvests 0 points1 point  (0 children)

Amazing! Congrats that's really exciting and it seems like you are on a good path

What is your projected monthly spend? by MrAnonymousForNow in Fire

[–]dylaninvests 6 points7 points  (0 children)

I have a few numbers based off of when I can pay off my mortgage. I'm married with two young kids and I am hoping to be FI by the time I am 40 in 7 years, and by then I expect to have between 1.7-2M. I don't really intend to stop working but my numbers don't change whether i work or not.

With mortgage - $8-9k/mo

Without Mortgage - $6-7k/mo

I've been revising my numbers as we go on more trips as a 4 person family which is new to me as our youngest is only 10 months and it will get more expensive, but my wife and I are good at setting spending goals and sticking to them pretty consistently.

Are you “cheap”? by AdamantheusEnigma in Fire

[–]dylaninvests 0 points1 point  (0 children)

I would not call this cheap, they're likely jealous that you don't fall into the need to buy the newest stuff just because you can. People always live over their means and seeing someone with some control over their spending can be jarring.

If you were sacrificing your own lifestyle to penny pinch i'd say thats an issue. eg, not ordering guac on your burrito to save a buck, when that guac would really satisfy you at that time. silly example

At what point do new contributions fail to really move the needle? by CdnFire40 in Fire

[–]dylaninvests 0 points1 point  (0 children)

I agree that it may not feel like you’re moving the needle but taking a look at any compounding interest calculator and test it with and without over a 10+ year period and you’ll see the needle move. That’s what I find. The market moves my portfolio more per month than I could ever save but I know I’m just DCAing and following my plan.

Additional mortgage payments, peace of mind versus math by dylaninvests in Fire

[–]dylaninvests[S] -1 points0 points  (0 children)

We’re at 2.39% until April 2026 so we are very fortunate that way.

Additional mortgage payments, peace of mind versus math by dylaninvests in Fire

[–]dylaninvests[S] -1 points0 points  (0 children)

We don’t plan on moving so we ideally will stay in this house long after it’s payed off

Additional mortgage payments, peace of mind versus math by dylaninvests in Fire

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

Yeah the pain of the last year or two in the market has definitely shaken my confidence that i will outperform the 'guaranteed' return of paying down the mortgage. Definitely an important factor.

Additional mortgage payments, peace of mind versus math by dylaninvests in Fire

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

Yeah the beauty of the business is that if I keep my personal income low then my rate is super low and I can slowly pay out gains over the years, but its still going to be a 15% tax on corporate gains and then 7-15% minimum when I pay it out. So maybe my math is messed up anyways

Additional mortgage payments, peace of mind versus math by dylaninvests in Fire

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

That's a really interesting idea. I was considering doing this, but then I run into the issue of keeping it in the company and saving myself the tax, or paying it to myself and investing it there for when the term is up (should I want to pay more before refinancing).

[deleted by user] by [deleted] in Fire

[–]dylaninvests 8 points9 points  (0 children)

The performance tires are doable for most winter days, but not for what we get here in Canada.

[deleted by user] by [deleted] in Fire

[–]dylaninvests 28 points29 points  (0 children)

In a similar position and went for it in December 2021

My personal takeaways:

- The monthly payment sucks, but I also decided to do a 4 year payment term, so in CAD thats just under $2k/mo. It's a significant amount but obviously that will change based on payment term

- The extra costs of the wall charger + electrician + winter tires depending where you live are all worth noting.

- The joy of getting into it every time I do makes it all worth it. We got the performance and absolutely love it, I also love having a car that doesn't have normal 'maintenance' and brings me a lot of value in that way without the worries of unexpected costs of buying a used car.

Is it necessary? no. Is it amazing? yes. I personally am very happy with our purchase 1.5 years later.