What or who inspired you to FIRE? For me, I got to a point of being purely demotivated at work and had no drive to work for another company, I’m late to the path of FIRE (just starting this year).

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I'm first generation college student and grew up in poverty. I don't want my kids to live how I did. Father works labor under sun and I just want to be able to pay off the home we grew up in so he can afford to get a less labor intensive job. Pops is getting old

likeuplifting

AI taking all our jobs.

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Found FIRE this year when I realized bullshit is at all clients and consulting co. and was sick of stressing over stuff I wouldn’t about think about on my death bed. Life is too short.

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My dad lost his job when he was 56 yo. I thought it was devastating for him because he loved his job and spent so much time on his career. And it‘s super hard to find a new job (comparable position as a senior executive) at that age!
But contrary to my fears, he was quite happy with the situation and opted to retire early. He hates the word retiree though, since he doesn’t „get any pension payments yet“. ☝🏻
He had crunched the numbers for weeks on end but eventually found a way to make it work without any perceptible lifestyle changes for my parents (they travel a lot now). I was/am so baffled by this! I didn‘t know someone with a good but in now way extraordinary family income (my mom was a stay at home mom for the last 15 years, no inheritances at all) could just do that. I immediately set my mind to it as well, reading up on FIRE and starting my journey basically on my first day of work after graduating.
I dream about retiring at 40yo, i.e. 12 years from now. Somewhat on track but even if it‘s 50 years, that‘s still nice. ✌🏻

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Graduating college in 09 at the height of the recession & seeing how expendable everyone was ... combined with not knowing what career path I wanted at the time & reading books to become financially literate despite my blue-collar family upbringing

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Seeing my parents in poor financial shape after a divorce when I was in college. Didn't want to be (knock on wood) in either of those positions in my future.

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Honestly I had a lot of leftover cash in my budget after paying off my student loans that I didn’t know what to do with. Discovered FIRE and have been trying to up my savings rate and enjoy life ever since.

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Multiple streams of income = more options & risk diversification

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Realized life is short and I want to do what I want to do on my terms - to me FIRE is freedom

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My mental state has gone from an 80 to about a 30. I've been consistently having what feels like the beginnings of a panic attack whenever I think about work and I've ended up crying every day because I try focusing but it's so hard and I still don't get shit done.

Not suicidal, but it's scaring me that I'm only calm when I avoid thinking about anything. I've accepted that I need to talk to a professional but idk what to do about work. I can't and don't want to quit. But idk what to do.

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I’ve been looking to get back into remote CSR work, have experience in SAAS

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Were employees laid off from BASES?

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Just had a first phone conversation with someone I’m trying to date and went well. Which person (me or them or depends) should follow up and how long should you wait to follow up (next day, few days, etc)

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I would die with this watch

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I have worked in municipal government for almost 17 years. I love what I do as an Inspector, but the environment is toxic, and administration horrible. I have an opportunity to go into the private sector side, as well a second interview for another municipality doing same job. Private sector job will pay 35,000 more but will be 3 hrs away my husband is in law enforcement and can’t leave due to his position. Concerns are: private sector and when recession hits, it’s construction, away from hubby

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Hi everyone! I’ve been working for 7 years in digital marketing mostly for wine and spirits/luxury industry in China. Recently moved to NYC. I’m just wondering what platforms people use to find jobs? In China we often reach out to head hunters or through networking, is it the same here? Thanks a lot!

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Since there’s no PE bowl and I know a lot of m&a consultants have PE clients, figure I’d ask this. How will current interest rate levels affect the deal structures of LBOs moving forward? Cont.

likesmart

My fellow EY folks, when do we need to make elections for health insurance and other benefits for 2018?

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Which FAANG companies have non-tech PM roles?

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Suggest resources for System Design interview please.

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Anyone here a long term IQVIA employee? How have we dealt with economic downturn? Do we have yearly layoffs like Big4?

Question about what’s realistic: My boss, vp of marketing, is dead set on working with an agency who can produce multiple videos over the course of several small shoots so that we can iterate on what’s working. From my experience, this would cost a lot more than our budget (80k) and would ultimately be more expensive than one larger shoot with more deliverables. Videos are short, 10s or less and without a real narrative — more just for a sizzle reel kind of thing. Thoughts? Nyc based.

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Accenture strategy: public cloud is safe and secure and all our clients should use it. Accenture ops: public cloud is not allowed. Client: I don't mind public cloud. Accenture ops: I SAID NO

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@Vialto Partners is any working for Vialto London? How are you enjoying it so far looking to move there but not sure.

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Hi All, Can you please tell me whether there is any percentage criteria for experience candidate in LTIMindtree like 60% throughout or not.

Thanks in advance for your valuable suggestions.

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Anyone selling III points tickets for Saturday?

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Hi everyone! I’m just preparing for the real world outside of college with a BS in Mechanical Engineering, but I’ve been stuck in between going to grad school or entering straight into industry. I want to lean more towards the area of computer science to further my studies and career, however, I’ve been advised by some to just learn it on the side and go straight into the workforce and find another role eventually down the road. What are your thoughts? I have little coding experience btw.

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Why aren't bay area entry level real estate prices rising?

Low interest rates, IPOs, low inventory, rising incomes etc. Are they just too high already?

Additional Posts in FIRE Financial Independence Retire Early

Regardless of what the Fed says, it looks like USD is steadily (rapidly?) inflating. Emergency fund is 80,000 (plus 10,000 reserve for a rental). What to do with it to hedge against inflation?

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Sold back in December 2020 at a loss since my new job did not allow us to keep Robinhood so to close the account I had to sell my crypto DOGE coin...its now worth about $40,000...please cheer me up

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likeuplifting

How do you handle your annual bonus?

Dump it all in savings? Somehow automating things? Or is it just a tough decision every year on how to split between saving and spending (esp. if sole-earner for family)?

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I am 31. I have $750k in assets and 400 in liab. Net worth is 350. Largest assets (excluding real estate) are 120k in 401k, 40k in brokerage, 20k in crypto, 25k cash. Own property totaling $550k (2 condos) but debt of 350k so 200k of my net worth is in real estate. Student loans of 30k. Thread continued 👇🏽

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What’s your best money saving/cutting back tip? I consider myself pretty good with saving and not spending on unnecessary things but always open to learning what works well for others!

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What books do you think are a must read?

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Do you all consider investment growth as a factor in your Savings Rate? Or, just the dollar amount saved/transferred?

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How many FIers from PwC?

If my home appraisal comes in lower than contract price, am I stupid to cover the balance in cash if I have it or does that mean I’ll have an issue down the line wrt a resale? FWIW the appraisal and contract price is about $18k off. And no the seller isn’t budging on price. Help!

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Can anyone recommend a good fixed income investment that I can add to my ROTH IRA account?

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Is there a FIRE recommended resource for how to structure investment portfolio @ different life stages - e.g. how to invest when still tackling loans, after purchasing a house, etc.

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Hi, I'm looking for book, OIL 101. Do you know where can I find for free? Maybe PDF... Thanks!!

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I found a great great home near family perfect location to things, decent size, but is expensive. I don’t have $120k to just drop for the down payment (I want to have money left to furnish or just spend) my salary is under 6figs and even if it wasn’t I feel like it’s still not enough to rack up $60k within 1ish year. Does anyone have any side business or alternative income ideas to earn more money? I don’t wanna go an FHA loan for the 3.5% cause mortgage will be very high. Thoughts?

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Are there steps to follow for FIRE or?

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What are some of the best ways you have paid off student debt? I have 180k and I want to aggressively lay it off. For context, I am one year into my career and have spent these months getting rid of $20k of consumer debt. Want to be responsible and keep the momentum going.

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If I only plan to own the house I’m buying for 6-8 years, is it better to do 30 year or 15 year mortgage. Assume about a 0.5% lower rate for the 15 year.

How can I start to have more of an abundance mindset toward money instead of a scarcity mindset?

likeuplifting

Live in HCOL city with 2 kids. Have been rentvesting in smaller lower cost cities and getting good yield, moderate growth. Property is ridiculously priced in my city, can’t get anything for under $1.8-2.2mil and don’t have much of a deposit. but rents are going up too. Does it make sense to continue rentvesting? We will have to stay in this city for kids education for next 12 years….

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My son’s first birthday is coming up and my parents want to gift him $1k in a separate account under his name for him to use in the future. My husband and I make about $250 combined but paying off student loans and a mortgage so don’t have much in assets. My parents only make $50-70k a year. We’re all pretty clueless about money. What would be the best way to invest in his future?

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