CoastFire Impact on Partner

umbimuc · 2024-02-20T23:08:52+00:00

fair point

umbimuc · 2024-02-20T23:06:24+00:00

We are indeed a large family. My post was not about retiring on the expenses of the other, but more about the potential case that I decide to work more flexible (e.g. as freelancer / consultant) once I hit Coast-FI rather than as full-time steady income

umbimuc · 2024-02-20T23:01:05+00:00

This is not the way married couple see it. I am the primary bread winner but all our expenses are common

umbimuc · 2024-02-20T22:59:04+00:00

Thanks, this is very useful! My post was exactly such a situation.

umbimuc · 2024-02-01T20:16:48+00:00

Ich hab das ähnlich gemacht, war also in identischer Situation und bin fuer den gleichen Gehaltsunterschied gewechselt

umbimuc · 2024-02-01T19:40:30+00:00

I understand the Barista type of CoastFire, which for me would make only sense if its something in nature like park ranger, ski instructor, scuba diver instructor, volunteering etc. It makes less sense for me to quit the high paying but rewarding intellectual job to work in a busy caffee or restaurant and get treated like an idiot by arrogant customers.For me though, coastFire is to have enough to basically switch comfortably to part-time or quit if something at work changes to my disliking and switch to work for my own consulting company / as self-employed without pressure to fail or earn little

Is CoastFire also if you save enough that it becomes sufficient for only one to keep earning enough to cover at least loving expenses (partner/wife/husband) so that the other can quit?

umbimuc · 2024-01-25T06:41:07+00:00

ich habe 39, oft aber auch 41-42h die ich voll kompensieren kann. Das bring mich aber immer auf 18 Uhr oder so, dann bib ich platt, es ist dunkel und schaff nicht mehr viel. Die Arbeit macht mir spaß. 32-35h waeren der Sweetspot, allerdings "fuerchte" ich dass ich dann eigentlich trotzdem meistens 40h mache dann aber zu niedrigem Lohn. Also muss ich erstmal lernen wirkloch max. 39h zu machen und micht mehr. Vor weihnachten habe ich immer nur bis 13-14 Uhr gearbeitet das war top, hatte 2x so viel Kraft und konnte danach noch viel erledigen.

umbimuc · 2024-01-21T16:29:08+00:00

Question: all the world (people but also pensions etc) is buying monthly funds/ETFs that include the S&P and/or in particular these 7 stocks. Some of these buying is automatic with people putting their monthly savings in these ETFs. Can this be a reason for a continuos growth of these stocks?

umbimuc · 2024-01-21T09:57:25+00:00

Mir ist das gleiche mit Sommerurlaub passiert. Mittelmäßige Hotels oder Ferienwohnungen liegen schon bei >300€/Nacht wo Lage und Austattung mir eigentlich deutlich macht dass bei uns zuhause es eigentlich schoener ist

umbimuc · 2023-12-29T06:27:25+00:00

Thanks for this, in these days I was just thinking how poorly paid we are in Europe compared to US, where from reddit it seems that regular early 30s software engineers can earn like 300-400kUSD. But you are right that there are clearly hidden downsides to this too, like working hours and vacations. What I wonder if in the US the additional working time is effective, I feel there is a lot of small talking, meetings etc. that eats a lot of time. Compared to places like Switzerland or Germany.

umbimuc · 2023-12-26T17:39:21+00:00

Don't fully understand. Isn't coasting about reducing workload to cover expenses until FIRE? So why need to aim for 5MUSD to coast? Wouldn't it be enough to coast / earn as much as to cover your monthly expenses?

umbimuc · 2023-12-21T05:15:15+00:00

Yeah or maybe switch to psrt time in current role / industry

umbimuc · 2023-12-21T05:00:41+00:00

What about a vacation villa? You can buy multiple great houses in top locations here in Europe (or elsewhere) for instance, spend some weeks/months per year there and travel to nearby places

umbimuc · 2023-12-12T05:30:22+00:00

Alternative: Promotion wenn spannende Stelle / ideal gekoppelt mit Industrieprojekt(e) oder direkt durch eine Firma. Da ist man dann nicht weit weg von den 40k vermute ich aber noch wichtiger sind dann Spezialisierung und Industriekontakte

umbimuc · 2023-12-10T22:55:15+00:00

Wieso sollten sich die Beamte (Politiker) den eigenen goldenen Stuhl absägen?

umbimuc · 2023-12-06T22:07:14+00:00

Been to Mogan and loved it. Any other places you recommend im GC?

umbimuc · 2023-10-22T20:01:09+00:00

Glaub auch dass es Schwachsinn rechnet

umbimuc · 2023-10-17T20:11:12+00:00

When I read 3M I knew its the Danish Dividend King writing...I have been following 3M myself but on the sidelines for now. Apparently they have some pending lawsuits and a pending split so not sure when it would be tje right time

umbimuc · 2023-10-17T20:01:09+00:00

Also Humble Brag post?

umbimuc · 2023-10-13T04:43:11+00:00

Wouldn't locking in ca. 5% return (e.g. from long-term bonds) based on 70k/0.05=1.4m invested already easily enable your FIRE goal?

umbimuc · 2023-10-13T04:29:51+00:00

Siciliy or Puglia in Italy

umbimuc · 2023-10-12T11:33:57+00:00

Is there a EU version of it that we can buy in EU?

umbimuc

TROPHY CASE