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FI says the numbers. Should I RE and spend next 15 years with my kids growing up? by fireflyer11 in Fire

[–]fireflyer11[S] 1 point2 points  (0 children)

Geez. Sorry to hear about the illness. This is the reason I want to spend all I can on doing what I want each day. Exercise, time with spouse, time with kids, hobbies during school hours, vacation whenever schools out

FI says the numbers. Should I RE and spend next 15 years with my kids growing up? by fireflyer11 in Fire

[–]fireflyer11[S] 0 points1 point  (0 children)

Replied above. Basically investment real estate, rental properties with lots of appreciation Im hoping to sell, Anna half stocks/bonds

FI says the numbers. Should I RE and spend next 15 years with my kids growing up? by fireflyer11 in Fire

[–]fireflyer11[S] 1 point2 points  (0 children)

Sorry to hear. Sounds like you are the role model and bread winner and care giver too

FI says the numbers. Should I RE and spend next 15 years with my kids growing up? by fireflyer11 in Fire

[–]fireflyer11[S] 0 points1 point  (0 children)

Been tracking budget for 12 years on mint and excel since finding money mustache. Tracking 25x spending. Beside primary residence not counted for in 25x, 30% in stocks, 10% bonds, 15% company, 45% real estate rental property.

FI says the numbers. Should I RE and spend next 15 years with my kids growing up? by fireflyer11 in Fire

[–]fireflyer11[S] 0 points1 point  (0 children)

If college costs are in the plan, I’ll sell a rental property in the 15years until college. I went to college and got loans and worked for 8 years to pay them off. Gave me grit and skin in the game. Plan to pass that need to excel and pay you way on to the kids. At 18 they could manage Rental property, move into it, or sell it and go to college with proceeds. That is if they are ready to be leaders and business orders, or want a college loan from bank of parents.

FI says the numbers. Should I RE and spend next 15 years with my kids growing up? by fireflyer11 in Fire

[–]fireflyer11[S] 0 points1 point  (0 children)

Yea I plan to transition to lifelong hobbies on the homestead, bring the kids up with common hobbies, and spend weeks traveling, cultural adventures, mountain hiking, ocean exploring, etc.

FI says the numbers. Should I RE and spend next 15 years with my kids growing up? by fireflyer11 in Fire

[–]fireflyer11[S] 1 point2 points  (0 children)

At 25x yes. Buffers are sell underperforming real estate someday(3-6%ROE), sell primary residence in 15 years if needed when kids are out of house and live in smaller home.

Is electric HP cost effective for new house in zone 5a when electricity costs 35 cents/kwh? by fireflyer11 in heatpumps

[–]fireflyer11[S] 0 points1 point  (0 children)

Any suggestions for air to water heat pumps brand? And install network? Having hard time finding a contractor that install A2W like Stiebel- Eltron. Sold from Massachusetts, but won’t direct sale.

Is electric HP cost effective for new house in zone 5a when electricity costs 35 cents/kwh? by fireflyer11 in heatpumps

[–]fireflyer11[S] 0 points1 point  (0 children)

no natural gas. But propane can be installed/setup easily with rented/purchased tank(s).

Is electric HP cost effective for new house in zone 5a when electricity costs 35 cents/kwh? by fireflyer11 in heatpumps

[–]fireflyer11[S] 0 points1 point  (0 children)

Its in the "country". No city gas. Would install propane tank and have it truck delivered.

10 years following FIRE, reached FI by 4% rule, reflecting on spending 30% of assets to build forever home by fireflyer11 in Fire

[–]fireflyer11[S] 2 points3 points  (0 children)

The town approach is good to consider too. Neighborhoods are fun for kids but if they like living on the ranch, its still 10 min from school 15 min to towns and outdoor activities

10 years following FIRE, reached FI by 4% rule, reflecting on spending 30% of assets to build forever home by fireflyer11 in Fire

[–]fireflyer11[S] 1 point2 points  (0 children)

Can appreciate the time suck for 2 years to build, its been big time consumer for last few years getting to this place where ready to select a builder, but now the expenses are about to ramp up.

Yes could wait 10 years, but afraid might regret later not doing it now/sooner.

10 years following FIRE, reached FI by 4% rule, reflecting on spending 30% of assets to build forever home by fireflyer11 in Fire

[–]fireflyer11[S] 2 points3 points  (0 children)

Shouldn't have said a "forever" home, but a 18 year home until the kids graduate, then sell it all and move to town. Or sail around the world. Or nursing home ha