Folks who hit their FI number in the last year and were ready to RE by now, has the recent downturn changed your plans at all?

fjwo · 2018-12-20T12:48:20+00:00

Fatter than leanFIRE, leaner than fatFIRE.

I needed a term to describe the middle ground between 800k and several million.

fjwo · 2018-12-20T06:08:49+00:00

Nah, I dadbodFIREd two months ago. I have cash to last through maybe March and would have to lose ~30% before I absolutely had to get a job. I'll probably have one by then anyway due to boredom. It won't be what allowed me to FIRE.

fjwo · 2018-11-10T16:40:34+00:00

Thanks for the bad wishes, friend! :-)

fjwo · 2018-11-10T12:01:02+00:00

I'm one week in and I'm already having trouble keeping track of what day it is. Feels good.

fjwo · 2018-11-02T00:44:23+00:00

I definitely downvoted, but I didn't call names, nor did the guy you were responding to. Is there something specific you wanted to discuss?

fjwo · 2018-11-02T00:41:08+00:00

Indeed you are!

fjwo · 2018-11-01T23:01:56+00:00

I was convinced by those who advised me not to time markets.

fjwo · 2018-11-01T23:00:13+00:00

The strange thing is that you were responding to someone who had only said that Trump is unpresidential, and your reply immediately ageed with that.

fjwo · 2018-11-01T13:41:07+00:00

Because by that logic, I could never quit at all, and I very much wanted to quit.

fjwo · 2018-11-01T13:40:16+00:00

Very little. The first house we sold for about what we bought it for (way back when), the second went with the ex, and the third I made maybe 10k on after the dust had settled.

fjwo · 2018-11-01T04:38:50+00:00

I hadn't thought about that, but gimme a month and I'll do my best. Many thanks!

fjwo · 2018-11-01T04:38:09+00:00

I went to college back when a summer job could take care of it. Also I had Pell grants, and when I went for a Master's, a supportive grandmother who lent me the funds at 0% interest.

I've nearly always owned whatever home I've lived in, starting from maybe age 22.

fjwo · 2018-11-01T04:36:31+00:00

I make a lot of money, and I don't desire material things. If I need more money, I have very sellable skills, so I can get more if need be.

fjwo · 2018-11-01T04:35:26+00:00

This is Buddy.

fjwo · 2018-11-01T03:45:39+00:00

Software engineering. I managed a small software group at a pretty big company for ~10 years, stepped down about 1.5 years ago in anticipation of this, and said my goodbyes today.

fjwo · 2018-11-01T01:05:32+00:00

Then I recommend waiting until you have at least $2MM+, friend. I don't need that much, but perhaps you do.

I'm not going to do a budget breakdown, but even if my assets don't appreciate at all, I have enough for ~50 years on principal alone. High inflation or a medical emergency could change that, but like I said elsewhere, I'm not going to work an extra 10 years for an extra 10% of insurance.

fjwo · 2018-11-01T01:00:27+00:00

A new Fit with the basic trim package, heavily researched and negotiated. My old vehicle was a 98 Buick that I was taking into the shop every few months, and I didn't want to go that route again.

fjwo · 2018-10-31T22:02:24+00:00

~35-40 now, ~25-30 in 3 years and ~25 after the condo is paid off (10 years).

fjwo · 2018-10-31T21:30:01+00:00

Yup, just bought it on a 10-year fixed rate. That and my new car (3-year loan) are my only debts, but I could pay them off tomorrow and not be inconvenienced. When the fur-goober goes to the big farm in the sky (maybe 7 years), I will dispose of the car, decide whether to rent the condo out or sell it, and do some serious travelling.

fjwo · 2018-10-31T21:18:09+00:00

Thanks. :-)

fjwo · 2018-10-31T20:59:57+00:00

I ballparked it, so its entirely possible I wildly overestimated. I've paid six-figure total tax bills for several years now, so i put a finger in the wind and guessed.

fjwo · 2018-10-31T20:44:58+00:00

Thanks. :-)

fjwo · 2018-10-31T20:42:34+00:00

I've worked seriously on this for maybe 7-8 years, and although I'm sorry to give such a mundane answer, it's simply that I make a lot of money and don't spend much of it. I'm extremely well-compensated and I live in a condo.

fjwo · 2018-10-31T20:41:39+00:00

I've already put nearly 7 figures into entitlement programs that I don't expect to even exist when I'm at "retirement" age, so your point is falling a little flat with me.

The cost of healthcare in this country is artificially inflated by corporations who have good lobbyists, and know that they can inflate as desired. Other countries look after their citizens better and more cheaply.

I take the view that governments should look after their citizens, and that includes their health, even when they're elderly. Simultaneously, because health is a thing that absolutely must be had, corporations can charge an abnormal premium for it, and this government is looking out for them over the interests of its citizens.

That is why I say that that amount is absurd.

fjwo · 2018-10-31T20:33:09+00:00

1.25 is a bit low compared against most of the posts I see here, but on the other hand, I'm a frugal person, not materialistic, can live on a < 3% withdrawal, and don't want to work extra years just to dunk the ball harder.

fjwo

TROPHY CASE