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is the rental market getting better?
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Decided to payoff my mortgage.
Anyone else into Bank Bonus churning?
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Subject Expert
Definitely try to switch careers. It’s very common in your 20’s to switch around.
What do you think you might enjoy better?
Don’t necessarily think “Dream Job” but also “Well paid job that’s seems interesting / not terrible”
Surely making less is also OK, as you were planning to coast FIRE in 2 years.
You might surprise yourself and find a job you can easily tolerate that still pays reasonably well and has promotion prospects. Perhaps you work that for 5 years, then you have hit FI.
I have trouble picking one thing I might like better. There are so many things I want to do. Most are not in corporate. Nonprofit leadership is one. Financial planning is another. Bookkeeper. So much. I've tried applying to several options but seems like the market wants the perfect fit these days and not a career transition.
Subject Expert
You should definitely look into this.
How much do you make, spend, and save every year now? How large is your portfolio? How much do you intend to spend in retirement?
Do you intend to marry and/or have children?
What kind of jobs do you think you would like better? How do they pay?
Have you projected your expected time to FI with different income levels?
Subject Expert
I'm sorry, I can't help you. I like my job and I'm sticking with my career at least through FI.
You’d have persevere and stack up savings that can allow you to comfortably quit your job and reposition. Your savings can help you pad your lower income elsewhere and keep you afloat until you start getting raises.
Thanks. I've been trying to do that and have about 9 months saved up.
Look into other income streams (rentals, etc.) as an alternative to switching careers right away. Or perhaps take some time off and touch grass. Maybe you just need a break and not a left turn.
What’s your CoastFI number?
400k