What does FIRE actually look like for yall? Does that mean you literally dont work anymore and just plan to take distributions out from retirement/savings? Or just not work in a company but still rely on some type of passive income like monthly rental income or a passion proj turned business?

like
Posting as :
works at
You are currently posting as works at

Choosing what type of work I do (if any) without thinking of the financial implications of my decision

likesmart

For me I am aiming for CoastFIRE by my mid 30s mainly as the mental milestone where I know I don’t have to save a dime more towards retirement (though still probably will) and my investments will snowball to where I can stop working for good in my 50s. That way I can spend late 30s - 40s doing work I actually enjoy without worrying about the paycheck.

likesmart

That’s goals for me MC1 ! Although my target by 35 is lower than where you are. No kids and no plans to have any though, so that helps with the calculations.

Farming

likesmart

Passion projects only, lots of time focused on my kids and volunteering at their school, and plenty of travel is how I envision FIRE life.

likeupliftingsmart

Do a consistent podcast possibly while traveling. Learn woodworking and make some custom furniture. Audition for acting roles in open casting.

likeuplifting

I like this response! Cool ideas.

like

For me, the “RE” part is to retire from a full time job. I expect to make income from dividends, rental property, and any one-off side gigs (consulting projects, board of director grants, etc). Any spending above that would be funded by withdrawals from the nest egg.

likehelpful

For me - Having the possibility to no longer work full time (or at least not have to work a demanding but super high paying job) when I reach 50

like

I would work for hours in the mornings and have rest if the day to spend with the family. That is my life.

like

I plan to live in a low cost locations like SE Asia and move around. I can live on my dividends and passive incomes.

like

I plan to live fully off of investments (dividends, interest and principal), maybe do passion projects if I feel like it, travel a ton, and only work for The Man (and then part time hopefully!) if some sort of financial catastrophe happens.

likeuplifting

Current view is it means we are work optional. I like what I do but would love to do it either part time or work X number of months per year and taking the rest off.

like

FIRE to me is working because I want to, not because I have to. I’m too young to retire and frankly find it boring to do so. What am I going to do? Watch Netflix all day? Can’t hangout with buddies, they have to work. I am getting involved in more philanthropic and giving efforts in my community as well. I’m also dedicating my time to trying to help family and friends to also achieve FIRE.

like

And do those things alone? Doesn’t sound so enjoyable to me, I do those things in the weekends when others can join me. Also I kill all plants, I have the opposite of a green thumb.

Related Posts

Anyone who left HCL me what to fill in current PF trust/RPFC for withdrawing PF

like

Anyone received Sodexo amount credited in your account for this month??? Still I didn't get the Sodexo amount

like

Hello Fishes, need a little help on the tax saving part. Can you guys post your suggestions , attached below CTC breakup also I am planning to take a 70lac home loan.

Post Photo
like

How do Point of Sale companies (buy now pay later) offer 0% APR make money with customers who don't end up paying any interest due to having on-time payments.

How do i avoid wash sale loss if i am constantly buying and selling etf options like voo, qqq, spy, etc??

like

Is PwC the only firm that pays their staffs student loans? I know it’s limited to $1,200 at PwC. I saw GT had a lifestyle savings account and it looks like you can use that to pay for student loans is that correct?

like

What jumbo construction loan rates are other seeing right now? My bank is at 3.375%.

like

What are the non vanilla adjustments you make to go from EV to Equity Value and how do you identify them in a public company’s 10k? Pension obligations and debt like items? Do operating leases get subtracted out

I started working as a real state agent and after 2 weeks, I got my first house to sell. When I get there to take the pictures it was a HUGE mess. Rotten food in the dishwasher, toys thrown all over the place, walls totally scratched... I thought people would clean their houses properly to make them more attractive.

like

Any advise on what agreement to put in place when planning to invest $15k-$20k into a friends start up business? Is this considered angel investment and would it be typical to ask for some percentage ownership like on the shark tank show? I don’t want any liability exposure so looking for an agreement that will isolate me from the operations of the business.

like

Bittrex or Binance? Or another? Is it possible to convert Litecoin to Alt coins on Binance?

Does anyone know of any resources to learn more about wills and trusts, bankruptcy (consumer and business) as well as tax? (IRS or EDD). I’m in California if that helps. Thanks!

like

Hello
I have joined Nagarro in oct
Want to transfer my pf fund from my old organisation. Where can I find pf account details which nagarro has created ?
Please help

like

Any recommendations for debt collectors (fintech company)?

like

Bought first home yesterday and feeling very overwhelmed/scared/Happy. How did u guys feel when you bought ur first home in US

like

I just started my first day at a startup (on the executive team) but a new friend of mine wants to utilize me as a part-time portfolio manager/financial advisor given my entrepreneurial, VC, & operational background. His holdings are $10m+ and mostly in real estate but he wants to get more involved in tech investing. I have a background in both and it won’t violate my obligations. What terms should I offer him? I was thinking: 1% AUM and 10% profits. Please offer any advice.

like
like

Has anyone tried activating the Peleton/CSR partnership deal yet? It seems too good to be true!! Makes me feel like renewing the card for 2021 might still be worth it if they keep throwing these perks.

Post Photo
likefunny

As a first year associate making a little above average pay , who did not have scholarships, how the F do you deal with the reality that you are literally bleeding interest money

like

Any recommendations on secondary sources or books to learn about investment funds? Recently I am getting more investment fund formation assignments as a tax associate. Looking to some materials to learn the basics. Thanks!

like

More Posts

Hi folks
I have interviewed with hcl. my exp is 9yr tech stack dot net full stack with azure. What band and salary i can expect from hcl. Current is 21lpa.

HR shared offer letter yesterday and sent linkdin request. How to deal with this situation as he can track my activity like ( likes on job post opportunity, Open for work etc..)
Note - 2 month of notice period to serve to get counter offer

like

Ughhhh I feel so nauseous all day every day. I’m 8 weeks today and miserable. I have never felt such a constant unwavering nausea.

like

Is PwC the only firm that pays their staffs student loans? I know it’s limited to $1,200 at PwC. I saw GT had a lifestyle savings account and it looks like you can use that to pay for student loans is that correct?

like

New to IT B2B marketing. Any advice on how to educate myself with IT? Any classes, books, etc. that you recommend?

like

I have been having weird horrible dreams lately and the feelings/emotions continue in my mind even after I wake up in the morning. Gives me terrible anxiety and dread most mornings. What can I do?

Fried Frank LLP finance vs. Willkie finance - talk to me. Better experience, wfh, hours, culture, etc?

like

Thoughts on getting gifts for family and siblings for helping out with the wedding planning?

like

How many files do you have in your caseload?

like

Anyone have experience at Epsilon-Conversant post Publicis acquisition? Is it a positive change for the company or are they experiencing the same raise/hiring freezes that Publicis has implemented?

like

What jumbo construction loan rates are other seeing right now? My bank is at 3.375%.

like

Any recommendations for breaking into tech? I don’t have any tech background; I do however have some history/knowledge/ minimal experience on building a website for the employees at a previous company. I have 5 years of management experience all in the hospitality and health & human services industry. Any advice would be appreciated!!!

like

Is Datametica a product based company or service based company?

like

Hello!

Any recommended required readings for marketers who are also acting as PMs?

Thank you in advance.

like

Hello Everyone!!

I've been working in the sales industry from past 1.5 years, but i wanted to change my field.
After some research i decided to get into Cloud Computing. I've done Microsoft Azure course and cleared AZ 104 Certification for Azure Administrator.
But because of my Sales Experience my profile is not getting shortlisted.
Please suggest me what can i do ? And if anyone can help me with the job.

like

Has anyone worked in Apollo Tyres in Amsterdam?

like

Does anyone use a standalone market planning and geographic visualization tool that isn’t Tableau that they would recommend?

like

Can anyone provide insight into their experience at AWS in the Salesforce practice? Specifically, on the Product/Program Management teams. Would love to know if the work life balance and promotion process are as bad as everyone says it is. I have an interview scheduled for next week and would to know going into it. Thanks!

like

Ok call me petty- but I’m trying to find out which agencies (or in-house agencies) use Google Workspace and/or Slack (or anything NOT Microsoft/Outlook) It’s become important criteria for me with remote work. Any leads?

funny

Additional Posts in FIRE Financial Independence Retire Early

Anyone here own multi unit rentals as a source of supplemental (or main) income? Looking to enter the space and would appreciate any wisdom/learnings you may have to share 🙏🏼

like

At what point would you suggest working with a financial manager to set up your investment goals & make sure you’re on the right track for early retirement? At a certain age? After you have a certain amount of $$?

(I already handle my own investments but I don’t know if it’s time to get professional eyes at my portfolio & discuss my goals)

like

I make 70k CAD and want to get started on my FIRE journey. Any tips? I don’t have a lot of savings and I have only just started. Pretty scared seeing the housing prices 😢

like

I’m 28 but new to FIRE and want to get started. What are the first steps for beginners? I feel so behind compared to everyone in this forum..!

like

Has anyone taken a mini retirement ( 1-2 years off)?

like

Does anyone have one of those Infograph’s that show how to optimally allocate your savings? Something like 401k match > HSA > Roth etc (example, I’m not actually sure what the steps are).

Realized I’ve been contributing all post tax dollars to my 401k for the past 1.5 years. Am I able to convert this to a roth somehow? What kind of tax liability might I have? Should I switch to pre tax contributions?

like

New to MBDR, topped off pretax 401k today and will get full company "match." Going forward I plan to do after tax contributions, does it make sense to change investment direction to money market to reduce the likelihood of nondeductible losses or taxable gains between dates of contribution and rollover?

like

How many people in this bowl are also minimalists?

like

Stay.the.course. Easy to say, hard to do. Here is one legendary Bogelhead post from banking meltdown 14 years ago. Worth a read and very instructive….adding link in comments

like

I have 10k extra to invest. How should I grow it? Any growth stocks to recommend?

likehelpful

I am 38 and only have 200k in 401k. I started late and made some bad investments and lost about 150k in options in 2021.Is there any hope left for me for FIRE? Now I am doing DCA to VTSAX but markets seem all time high. Looking to buy investment property but feels like I am buying on top of the cycle. Any suggestions on path forward?

like