{ "_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" ], "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": 343, "numberOfUsers": 38875, "type": 2, "creatorId": "5ab2ba0f5727bf00187a90f8", "bowlType": "58e6c2e40ebdd20010849126", "bowlTypeName": "Professional Expertise", "divisions": [], "feedState": { "lastMessage": "Do you have a set $ you save every month? I'm 27, I've been tracking spend since 2020 and my $ saved has very strong variances MoM. If we consider 2021 a more \"regular\" year, I varied from $600 saved one month up to $3.2k in another (though that was partially due to a job change)... It's not affecting my overall saving % (was 46%) but wondering if I should try to even it out a bit more?", "lastSign": "Account Manager", "lastUpdateDate": "2022-09-25T03:16:12.089Z", "lastMessageDate": "2022-09-25T03:16:12.089Z", "countOfSystemMessages": 0, "countOfUserMessages": 4021, "countOfMessages": 4000 }, "background": { "to": "0F71A6", "from": "4622D2" }, "priority": 0, "numberOfFollowers": 5489, "promptsDisabled": true, "roomEnabled": false, "regions": [ "61891c8e2ca26eaffdf8d90f" ], "requestToJoinSettings": { "isJoinReasonRequired": false, "shouldRequestPhoto": false, "isMultipleChoiceEnabled": false }, "bowlTypes": [ { "bowlTypeId": "58e6c2e40ebdd20010849126", "bowlTypeName": "Professional Expertise" } ], "suggestedIndustry": { "_id": "552d1d24dc1c586b09d2d051", "name": "Consulting", "iconUrl": "https://dslntlv9vhjr4.cloudfront.net/crowd_images/q6ousBABT88sI.png", "crowdIconUrl": "https://dslntlv9vhjr4.cloudfront.net/crowd_images/KF6SyAmqgD6Ae.png" }, "noIndex": false, "lastView": "" }
Work is better when you don’t need the money
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Do you have a set $ you save every month? I'm 27, I've been tracking spend since 2020 and my $ saved has very strong variances MoM. If we consider 2021 a more "regular" year, I varie… more

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How do I setup financial success for my 3 year old daughter. What would you recommend?

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Can I do 1031 exchange with the profits from the sale of a second home into the purchase of a primary?

funny

My portfolio is down $500k and I'm now $1M away from my retirement goal. Got so close to it, but lucky I didn't hit it or I would have quit at all time highs. How is everyone else here doing?

likefunny

First time home buyer but I want to buy an investment property out of state (too high in state) in a lower market. My main goal is to supplement my income, pay down student loans and grow net worth. I… more

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After looking at my paycheck, it looks like I must’ve hit the yearly limit on Roth and 401k since there was nothing taken from my paycheck going towards them. Typically I’ll throw a few hundred into s… more

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Newbie investor asked me a question, they have $5k to invest and were wondering if they should put it in an index fund (S&P500 - which is what I’d normally recommend plus DCA thereafter) or if the… more

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Hi FIRE 🐠 who uses Personal Capital (heard about the app in this bowl) - could you help me? I’m kind of terrible with apps and tech in general and confused. Do you know why
1) PC didn’t link my… more

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About to start work after finishing school back in May. So I have no income for 2022 yet. Are there downsides to trying to hit the 20.5k 401k limit between October and the end of the year?

Not sure where to ask this, so here goes: I had my house repiped about a month ago, and the company still hasn’t sent me a bill. Do I just keep waiting (and hoping one never comes), or do I need to ca… more

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Where should I go to get a whole life insurance policy?

funnylike

What do you think about saving up for a home down payment via Fundrise instead of using a savings account? It's tied to the real estate market so if prices change at least it's correlated?

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First time home buyer. At what point in the home buying process do you shop for rates? My realtor asked me to get a preapproval but the finance guy says rate is only valid for a specific property. Do … more

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Is there a limit on the amount of T-bills I can purchase in a year? I’ve already put $10,000 in a Series I savings bond. Now looking to purchase short-term T-bills during the bear market. Appreciate t… more

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Very basic questions on housing market/internet rate:
Who would be in a good position to buy house now that interest rate is up but property is down? Folks with high cash reserves? Is there fixe… more

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What are some entrepreneurial possibilities for a graphic designer who likes brand identity and print? (Besides regular freelance)

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Do you count your kids 529s as part of your net worth for FIRE? Logically seems like we shouldn’t but we’re putting so much savings into it now that kids are young so it can compound. Just curious how… more

A legally married couple that I know are getting to get a divorce to lower the tax by 60k annually... So wild.
P.s. they will stay in the relationship.

likefunnysmart
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Planning to invest 60k into a Vanguard ETF for the long term. Any recommendations?

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Do we think payments and interest will actually start up again before the 2024 election?

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Put an extra 25k in an index fund given the market or finish paying off student loans (no interest until June and then 5.5 percent after)? Certainly possible would have extra cash this spring to also … more

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I bought my mom a house a few years ago. My mom and I were listed as owners on the deed, and the house was paid off. We recently sold it at profit and I gave her all the money from the sale, with the … more

likehelpful

Any ideas on how to lower student loan interest? My current idea is to pay off the principal amount asap

If I buy a TIPS ETF will I always have a positive nominal return? I’m trying to buy a house in a year so do not want to take on risk but I also don’t want to lose money to inflation / miss out on retu… more

20-30 hrs of fairly low stress work a week but not challenged/growing (fully remote) vs 50 hrs of stressful work but also a great career builder and challenged at the same time (in office) plus 50% hi… more

likehelpful

Looking to rollover tIRA to my 401k for backdoor Roth but already rolled over my pension earlier this year; did that count as my once per year 60-day rollover?

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When is a property too old to be worth renting out, given the potential hassle and unexpected expenses?

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Hey frugal friends

How do you budget for mid size home improvements? I can afford them, but trying to save too... fancy things are not important to my wife or I, but like things to be quali… more

likehelpful

How do people get the cash for multiple income properties?

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Put my 401k contribution at 30%. Just maxed out for the year but the sad part is that 20k+ is only 17k lol wished I had put less percentage earlier in the year so i can take advantage of this dip.

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Hi! 24 year old seeking advice! Max out 401k retirement account or pay off $30k of student loan debt faster?

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Any feedback on a cash value whole life insurance policy? I have a good friend whose family business does this and have been talking to him about getting it. Attached first 30 year model, about a $500/month premium. Background: 30M making ~325k, contribute 7% between 401 and Roth. I don’t like maxing out since I do other RE and co-investments

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likefunny

How much is your emergency fund? My husband and I are DINKS with 5K monthly expenses but (because we are very privileged) live near family who could help us if something happened. We only keep 5K in o… more

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I want to apply for the Chase Sapphire preferred but was wondering if there’s any additional benefits if I can get referred. Can anyone explain?!

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Amateur expat question: currently 401k takes % of pay meaning I will contribute a little over $20.5k threshold. Is there a way to contribute exactly $20.5k or do people go naturally go over a little?

likehelpful

Turned down a major “dream” purchase today to continue working towards FIRE. Sucks temporarily, but I’m hoping it’s the right decision in the long-run.

likeuplifting

Anyone here with a SoFi high yield savings acct? Any thoughts on it?

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Looking to buy my first rental property. Do you recommend a condo (low HOA) or single family home? Why?

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Stocks picks or Fund recommendations?

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Does anyone who has a Treasury direct account for ibonds also use it to buy t bills? It seems like rates on the 4 week are better than any HYSA or CD but I don't fully understand how they work. I… more

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