FIRE Financial Independence Retire Early

4283 members
Work is better when you don’t need the money

I’m interviewing at a few places but finding a pattern that salaries are offering lower than my expectations because of covid. Would you take the job (good reputation, career trajectory) with low pa… more

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I’m a W-2 and my spouse is 1099 into an S Corp which we take a K-1 distribution from. With that setup there should be lots of good tax strategies to pursue - anyone have some good tax strategy success… more

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I recently inherited about $10k. What should I do with it?

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I recently met someone my age (21-24) who is living a lifestyle filled with Ferraris, lambos, mansions, etc. What is the best way to go about learning from them? 2 years of his spending would be able … more

likesmart
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How many months of salary is your emergency fund? I keep seeing 12 as the norm. But feel it’s a lot not to invest in the market.

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How do you feel about maxing our retirement accounts vs investing to the company match and repurposing funds elsewhere to actually have access in early retirement?

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Does anyone have a professional side hustle? Closer to white collar stuff than driving Uber or making hand bags, as examples. I need a side hustle that I can do from home. TIA!

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Any folks here refinance their home recently? I got a quote for 2.25% @ 15 years with a $6,500 closing. The agent said the closing will most likely be at $3,500 but they just keep it high in case some… more

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What is the best credit card right now? I have mostly used my Marriott and Southwest for the points, but looking at other cards. Chase Freedom is not that great. Heard good things about Chase Saffire … more

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If you had 2 mortgages at the exact same interest rate (1 is a 15 year and the other is a 30 year), does it make sense to put extra payments (say 400 per month) towards one or the other? Looking at it… more

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I had 60 day late payment of 35 bucks in Jan. It was new Amex Hilton card I opened for stupid points. It was reported and my credit score had been consistently dropping from last 6 months. It was 780 … more

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New to FIRE group. Thanks to pandemic, I’ve been able to save $40k. Pay off my student loans ($18k - rate all under 4%) or use the cash to buy my first investment property?

likeuplifting
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Anybody here buy a rowhouse with a basement rental, live in the basement and rent out the upper floor? I only see the reverse in DC.

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tips on how I can get out of credit card debt. should I lower my 401k contributions?

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How much are your biweekly paychecks after taxes, insurance, 401k contributions, etc. and how much of each paycheck do you tuck into savings?

likesmarthelpful
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Are rental properties even worth it? I am sure this has been discussed many times, but why not just sit in front of your laptop and focus on ETFs/Index Funds/Stocks? I would think that managing multi… more

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Had anyone left advertising to FIRE? Feeling like sales might be a better path.

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I’m new to the FIRE group/concept. Graduated with $242K in student loan debt and making $1,500 payments monthly towards that. I have $800 extra in my budget, what’s the best use of that money to obtai… more

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A'ight my fellow FIRE peeps, lets have a GREAT week working towards our goals. Cheers!

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Good advice.

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likehelpfulsmart
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🤣

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likefunny
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At what age did you hit your first $1m? What was the main source that helped you achieve this faster than you might have otherwise? At my job, I would have to work into my late 40s to hit that magic n… more

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Any Recommendations on high yield savings account? I am usually hesitant if it’s not a big brand. Probably irrational but I am new to this so appreciate your perspective. Thank you

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How do you all feel about the ARK ETFs? I feel pretty passionately that Cathie wood knows what’s she’s doing and that the next decade will yield some crazy disruption.

likesmart
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Best credit card for people who want to FIRE?

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Abandoning FIRE to buy a $1mm home. Will push retirement out until my mid 50s

likefunny
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Correct if I’m wrong , but a lot of FIRE strategies involve eliminating debt, lots of savings, & investing the money in the markets & rental properties. Shouldn’t owning a business be one of … more

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For those that use Personal Capital- did anyone else get random 2FA pings to their phone without requesting them?

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23 and about to get into the market for my first time. Listened to a couple podcasts with JL Collins and his Stock Series. I understood indexing prior but hearing what he said and knowing myself, I th… more

likesmarthelpful
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I invest exclusively in VTI and VXUS (80/20) split...should I change that? I feel like I’m missing some big returns.

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Is it worth doing a 401k/ IRA if you’re hoping to retire in your 40s? I put a ton in and wonder if I should be holding it in an account I can get to...

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My 401(k) is up 54.7% YTD... anyone else worrying about a massive correction?

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When is best to invest a lump sum into an ETF? Should I aim for market drops (i.e. today)??

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Hi all. New to the FIRE bowl/concept. Question for this group. My husband and I have been looking to buy our first house. We had settled on an area outside of NYC (where we work) and it is $$. Now tha… more

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Who do you use for a savings checking combo account? I’ve stuck with BOA out of sheer laziness of not wanting to switch over all my automatic transfer and online bill payment information, but I’m rea… more

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