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Testing a new post at 12:06PT 5.12
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new test post
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Where is a new build???
Ah now it did.
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Never really thought about FIRE until COVID hit last year. For summer vacay we had rented a decent yet small summer house in Tuscany whose owners FIREd 10y ago aged 40 (probably wasn’t a big thing at the time) after working in Banking in the UK. Since then I couldn’t stop thinking about it. My wife and I are c.30y old, very decent jobs and aren’t keen on a lot of luxury in our daily life’s. So we did the math and have now 40 as targeted year to “retire” (at least from a “Normal” job that we have now which is 70h+ for both of us). We always saved a lot and have household assets of USD1m. Kids will put a dent into our savings rate which is 60% of cash earnings (excl bonus / long term Comp). Under “conservative” planning assumptions (in terms of returns, obviously assuming we will be able to work at same / better pay for N10Y), going to 0 salary by that should be feasible, though it wouldn’t be the base case, but certainly relocation to Southern Europe (Tuscany still as #1 favorite…). Curious to hear any plans!