{ "_id": "5b3f7377ab53db00136f7b4c", "_isBlocked": false, "creationDate": "2018-07-06T13:49:43.273Z", "categories": [], "description": "Work is better when you don’t need the money", "relatedCrowdIds": [ "5c751b9f2f6b98001bc666f8", "552d1d24dc1c586b09d2d051", "564a5cdb94887803001dd07c", "552d1d24dc1c586b09d2d052", "553769a790f5eebe1d2a0f92", "5565cfca8b2b9a03009acf57", "5e77c585cba148001ab93ed9", "5eb1bcb23b975f0021424ca1", "55375ce690f5eebe1d2a0f88", "5682e6afd55b9e0f00fce669", "5787dd60a3f35c130082b851", "5e8d00ee065ee5002135bc2f", "56c75c3c1dc12b0a0097ccb0", "56fd40e29238700e00b5ee4a", "575591bd4715870e00d30511", "5d0a757f66884500200aff25", "564cbaf767469503004fede0", "5e7169c6c917a6001ba5fefc", "5e4bca4d473da1001b53cb24", "56faf41b21fd801300a9d25c", "5ef17d0fc9914f0024fe1911", "63c7b55b3b4cbc0052c7df17" ], "fishIconColor": "00fff5", "hideNumberOfUsers": false, "iconUrl": "https://dslntlv9vhjr4.cloudfront.net/bowls_images_2/YzDaIWWZCa3j3.jpg", "rectangleIconUrl": "", "isLocked": false, "isCommentsEnabled": false, "isPublic": false, "handleUrl": "fire-financial-independence-retire-early", "isVisible": true, "name": "FIRE Financial Independence Retire Early", "networkingEnabled": false, "numberOfNetworkingUsers": 438, "numberOfUsers": 64599, "type": 2, "bowlType": "58e6c2e40ebdd20010849126", "bowlTypeName": "Professional Expertise", "background": { "to": "0F71A6", "from": "4622D2" }, "roomEnabled": false, "requestToJoinSettings": { "isJoinReasonRequired": false, "shouldRequestPhoto": false, "isMultipleChoiceEnabled": false }, "bowlTypes": [ { "bowlTypeId": "58e6c2e40ebdd20010849126", "bowlTypeName": "Professional Expertise" } ], "currentMonthPosts": 34, "suggestedIndustry": { "_id": "55375ce690f5eebe1d2a0f88", "name": "Tech", "iconUrl": "https://dslntlv9vhjr4.cloudfront.net/crowd_images/tech_9Hox4.png", "crowdIconUrl": "https://dslntlv9vhjr4.cloudfront.net/crowd_images/qwBNWfWrlFN7L.png" }, "noIndex": false, "lastView": "" }
Work is better when you don’t need the money
Sign up to access more conversations in this bowl 🔑

I just recently came into the position to receive ~4k monthly (non taxable income) for the remainder of my life because of injuries I’ve sustained. Question I have is - how would this impact (if at all) your FIR… more

What’s the best / most creative way to reduce the amount of tax I pay when pulling out gains from my stock portfolio?

I read that you need to work in the US and contribute to the social security for 10 years before I can be eligible to receive SS when I retire. Does the 10 year include the years when I was working he… more

For those that have retired using the 3-4% rule, how hard did the spike in inflation hit you? I am trying to figure out what I need but I’m worried that even at 200k/ year there might be a time in the… more

like

Getting term life insurance since we now have two little ones. I had a call with financial advisor and he gave me quote but then said I should really get xyz too.

Do I need to get additional riders or i… more

like

I'm currently renting, but would like to invest in a home. What's the best way to go about homeownership while still setting myself up for FIRE success?

Post Photo
like

Thoughts on adjusting loan payments to be biweekly instead of monthly? Apparently this lowers the life of the loan significantly. Any catches to consider?

likefunny

What are your thoughts on whether me should invest in real estate now or not?
Married, no kids (29F, 30M). Husband full-time student with 190 salary job starting fall 2025, no loans, 401K 70K, no liq… more

like

How would you allocate $300K cash if you were going to invest it?

I was laid off 6 months ago. Currently unemployed. I have funds in a 401k through my previous employer. What should I do with the money? Rollover to Roth IRA?

like

Does anyone have a Bank of America HSA? Trying to determine what’s the best investment option while my money accumulates there. Trying to look for something similar to SPY. Thoughts?

like

What is your NW and where do you live?

like

Stuck at $110k. 37 with only 4 yrs of work experience (stayed home with kids). How to level up?? In a rut and need a new direction upwards. Background is consulting in data space. Need fresh ideas. Th… more

like

What is the highest salary/career trajectory you’ve seen someone accomplish in PMO?

Most of my experience is unfortunately only in project management. 28M; currently at $190k, but would love to leave consulting t… more

like

Aussie living in the US & permanent residency coming through, so need to plan for my retirement here now.

Significantly behind the 8 ball, as Australian systems & social services are very different & never thoug… more

like

Invest 300k, get 350k back in 3 months. Should I do it? Brother in law is a flipper. He just bought an off market home in high demand area of Los Angeles. Like Beverly Hills. Wants to do some light wo… more

like

Currently unemployed in my early 30s. Wasted my 20s on junk instead of wealth building. Anyways, looking to focus more on FIRE going through 30s and 40s.

Can’t find job so I’m working at an eatery. Since it doesn’t pay much,… more

like

What is recommendation for a secure HYSA? Planning to move some cash from normal savings to HYSA

like

Married 35 & 38 with no kids and none planned. We just finished off our mortgage (~700k). 2M stock portfolio. My partner makes $200k/yr with no plans to ever retire early. I make 350-400k/year in … more

like

Which one is better a roth IRA a Seth IRA?

I have some inactive 401ks, and I'm wondering what's better for FIRE goals, a Roth IRA or SEP IRA as mentioned here, or something different?

Post Photo

Since having kids, I don’t know if FIRE is the goal anymore. I really want to enjoy the time with them while they’re young - spend on experiences, quality childcare, work/life balance instead of top p… more

likesmart

How do you navigate FIRE goals when you have a spouse/partner who isn't on board? Any advice for finding compromise?

like

Is this asset allocation reasonable?
Late 20s, my assets are 70% stocks, 20% bonds, 10% cash (savings). All index funds, both domestic and international, no RE.
My bonds are mostly in a 50/50 stock/bond… more

Just hit $2M at 35! Did people feel differently at this stage? We’ve been in super saving mode and market has been great! How do we turbocharge to $3M?

likefunnyuplifting

10 year Treasury at 4.2% or 12-month auto callable brokered CD at 5.4%? Trying to build out a fixed income hedge against my concentration in equities (think SPY-type funds). Any thoughts would be appr… more

like

We have about 300k in cash and 1 mortgage free property in which we live. We have no debt and want to move from Austria to either PT or ES or SE-Asia. We are contemplating buying a small apt in say Li… more

like

Are there any unconventional FIRE folks in here who RE for a few years, go back to work, RE for a few years, go back to work, etc?

I’m familiar with barista FIRE, but I’d like to get to FatFIRE someday.

Only have 7… more

like

Let's put it this way - I have a lot of work to do on some of my spending habits as I start this process. Any tips on how to control your spending on unnecessary stuff?

Post Photo
like

6 months seems to be the standard for an emergency fund. But with all the layoffs, difficulty to find jobs…anybody holding higher than 6 months? How much?

like

Has anyone FIRE'd and went back to work due to boredom? I keep waffling back and forth about whether I can truly take the plunge of quitting. Just wondering whether I'm cut out more for FI tha… more

like

Saving Like A Pessimist, Investing Like An Optimist'

likesmarthelpful

I reached FI last year but haven't made any changes. Have continued to work like usual, haven't told anyone. Scared to make any changes. Feels unreal to be in this position. But also unsure wh… more

like

I know the simple math is annual expenses x 25, but how does this account for variance in “retirement” age? For example, at $5k/mo, this assumes $1.5mm NW, but wouldn’t that need to be higher if I retire at say … more

like

Just wanted to share progress here. Silent Lurker

37M/37F couple. Liquid N/W is 2.5M. On track to hit 4.2M in 3 years( assuming a long term growth rate of our portfolio of 7% which is mostly VTI/VXUS and HYSA's)
more

likeuplifting

Celebrating some very small getting started wins this week. What kind of milestones do you set for yourself on this journey, and how do you celebrate reaching them?

Post Photo
likefunny

Renting out my house in DC. Market rate is 4k (which happens to be same as mortgage). but I was desperate to fill so settled for 3.5k last fall. What is an appropriate increase? Great renters so happy to keep sli… more

like

Are you trying to prepay your mortgage? If so, then what is the rationale? My rate is 7 percent and the mortgage balance is 650k. I am thinking of putting down extra money each month towards the paym… more

like
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to join this community on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal