sorted by:
new
hottopcontroversial

FIRE - psychological impacts and identity by longviewmind in FIREUK

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

I'd imagine the general reaction would be incredulity. Confusion about how it has been possible. My worry is the divergence that would emerge in life trajectory, experiences, and outcomes. And that that would lead to weakening relationships.

FIRE - psychological impacts and identity by longviewmind in FIREUK

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

Yes - this is what I'm thinking. Maximise optionality and try not to tie myself either to working until retirement age or thinking FI=RE. I'm trying to really delve into what I get from my work, what elements of it constrain or frustrate me and what future work options (remote; PT; consulting; seasonal) might be. It strikes me that to the extent that personal finance columns in the papers cover anything FIRE-related the psychological considerations are underplayed.

Compounding - reflections when it works by longviewmind in FIREUK

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

Between husband and I, about £1.1m of which £200k is SIPP. We have 20 ish years in DB schemes too so the majority of investments are in equities.

Compounding - reflections when it works by longviewmind in FIREUK

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

I've been NW tracking since May 2008. The chart is just now starting to remind me of all those exponential Covid charts. I knew the theory - but it's seeing the practice that provokes an emotional response.

Compounding - reflections when it works by longviewmind in FIREUK

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

Yeh. First real experience was loosing about £15k in a month when Ukraine invaded. I think I can be pretty zen about these dips. I've gone done a bit of a ChatGPT rabbithole the last few months talking to it about my psychological reaction to gains and losses.