Author Topic: Who here is FIREd and not monetizing it/trying to earn additional income?  (Read 1521 times)

lhamo

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Can we start a list of people who consider themselves fully FIREd? Not trying to monetize a blog/series of conferences/writing career.  Not even bothering with additional PT work.  I'm so sick of the lazy hack jobs who say it can't be done because SOME FIREd folk choose to keep working/earning in some form.

lhamo, age 50, FIREd in 2015 (at age 45) after roughly 20 hours of consulting (realized that particular contract was not going to be fun due to a management change), no earned income since

sol

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Sure, I'll add myself to that list.  No blog, no side gig, no desire to go back to work.

Wait, I still own rental properties.  Does that disqualify me?

CowboyAndIndian

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Me.

I am even planning to shut down the sites I've had for 10+ years.

spartana

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Mememememe!!! Retired at 42 in my 50s now and haven't earned a single penny "working" since then. Don't even sell stuff on Craigslist and chose to donate stuff instead. I have been know to work for food though so I do have a price ;-).

G-dog

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Me.  An early contract gig reminded me of all the shitty parts of my former job.  No thank you. Not worth it.

MonkeyJenga

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I'll let yall decide if I qualify. Newly re-fired beans in my early 30's. Write a buttload on the internet but all for free. You're welcome, internet. Planning on getting a job again in the winter, but only so I can donate money. I might use it to cashflow my (very low) expenses during that time, to avoid the minor annoyance of selling stock.

SwordGuy

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We fired last spring.   I spent the summer, fall and winter renovating two houses to rent out.

I'll probably do another house every year or two for some years because it's fun and profitable.  (Unless we give one away to a charity, 'cause that's the plan, too.)   I'm teaching some craft classes and I charge a nominal fee because (a) people won't value it if they don't pay and (b) it pays for tools and materials.   

I share FIRE info with anyone who shows a modicum of interest (and probably some who don't if you ask my wife. :).)
But I don't charge for it.   It's too valuable to make money off of.



kei te pai

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Me. Relinquished professional registration to avoid being lured back. No formal volunteering either. Just sitting in the sun and playing in the garden.

Dicey

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Well, I've never collected a paycheck, and the thought of ever doing so again gives me the wrong kind of shivers, but DH and I have spent the last year flipping a house. We do it because we can't travel. (His mom has ALZ and lives with us <-- Sorry, I know a lot of you know this.) It's fun to solve an endless series of puzzles and turn something ugly into something really special. In this case, prettier and more functional than it ever was. We also like the challenge of making it look like we spent a helluva lot more than we actually did. $2 for beautiful tile on clearance? Yesss!

Last week, a family member made a comment to the effect that we were probably going to make a lot of money on the house. It rubbed me the wrong way just a bit. We do it to keep from going out of our freaking minds. Should we make some money, that will be an excellent outcome, but it's not our primary motivator.

I think by MMM standards, and this question in particular, I'd be considered working, but I'm not trying to monetize being FIRE, and I'm not particularly trying to make additional income, but I'll be damn glad if and when it does. I guess my point is that sometimes your post-FIRE life looks nothing like you've planned. The black belt skills that got me to FIRE helped me roll with the punches when life threw a huge curveball.
« Last Edit: June 11, 2019, 01:58:52 AM by Dicey »

deborah

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FIREd in 2010. No earned income since.

former player

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FIREd in 2010 too.  Did a little consulting in the first 6 months but never again.  I have renovated three houses but it's not a business: one was the house in London I lived in in order to rent/sell it after I retired, one to live in in retirement and one that I rent but mainly bought to stop the plot next to me from being overdeveloped.  Living happily on pension, rental income and investments, no intention of ever earning money again, spend my time walking the dog, practising politics on the parish council and doing environmental volunteering.

jeroly

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FIREd at 41 in 2001, now 60.

I have worked for pay on occasion, but only to pursue my own interests (taught high school math for a couple of years, worked on presidential election campaigns, worked in an anti-Trump grassroots organization). I've usually donated back all or most of my pay in some form or fashion (sometimes in cash, sometimes in-kind).

Now I'm traveling about 1/3 of the year (currently touring Colombia; Bosnia & Croatia, Nepal, and Thailand to follow later this year - Everest, anyone?) and working as my girlfriend's chauffeur the other 2/3 of the time :-)

chrisgermany

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Retired with DH at 55/61 in 2013 on his pension and our stache. My own pension will kick in when I hit 65.
No desire or need to go back to work. Not bored at all.

ozbeach

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FIREd @ 52 in 2016.


Went back to work for two months in 2018 but that was only tying up loose ends. No side gigs, hustles or blogs, and no desire to return to work.

markbike528CBX

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FIREed at 53, no earned income for a year. haven't been tempted.

Admittedly, my wife is (under)employed, but I pay for all self and joint activities.
 I pay her what it costs her for my health insurance.

Mr. Green

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Me? I retired at 33, wife at 32. Though like Sol I also have a house that's rented. Hanging onto it even though we're hemorrhaging money on it because we may go back there some day. I helped a family member out one time so far. He offered to pay me and I accepted. Does that count as a side gig?
« Last Edit: June 17, 2019, 03:23:20 PM by Mr. Green »

secondcor521

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Fascinating.  Maybe it's just me, but I read the responses as "I'm not trying to earn additional income except for this thing over here which I earn income on but doesn't really count for purposes of the question."

Count me in.  FIREd at 46 three years ago.  I don't have a job, and I don't particularly try to earn any money.  Except I do have a side-gig that I spend a few hours a month on, and other money comes in from other miscellaneous non-portfolio sources.

Even so, if all those sources of income went to zero I would still only be at about a 2.8% WR.  So I feel like I qualify.

I also don't have a blog with advertising and I don't have a working spouse.  And I've turned down multiple job offers.  And except for things like dentist appointments and filing my taxes, I don't have to be anywhere at any particular time or answer to anybody.

lhamo

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I don't see any problem with people having rentals, dividends, or even some sporadic part time work as part of their FIRE plan.  What I object to is idiots like the Financial Samurai guy continuing to try to deny that FIRE works because SOME of the people that promote it as a concept are actually dependent on making money off of shilling the concept.  At least this thread documents the cases of many of us who are not.

I do not deny that some FIRE bloggers are probably not really FIRE.  But to say they are the majority?  Bunk.

Roland of Gilead

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Does active investing count?   I spend a couple hours each morning trading.  Made a tad over $220,000 last year doing it but we "retired" in 2015.

Oh and I also have that Robinhood personal challenge thing, turn $2500 to $250,000 in 10 years with trading...but I only spend maybe a few minutes a day on it.

If those don't count as side gigs or monetizing, then we are officially FIRE'd.

Gyosho

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I FIRED in June 2018. My goal was to make 2019 my first year as an adult with zero earned income. I just found out that a volunteer job I've been doing for a few hours a week wants to pay me! No no no!

Mr. Green

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I FIRED in June 2018. My goal was to make 2019 my first year as an adult with zero earned income. I just found out that a volunteer job I've been doing for a few hours a week wants to pay me! No no no!
Money is a natural byproduct of helping people. Help them long enough and a little money is going to find its way into one's pocket whether one likes it or not.

GreenToTheCore

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Me.

I am even planning to shut down the sites I've had for 10+ years.

Quick thought: could archive the sites in case you or others want to reference the content in the future. The Wayback Machine is pretty great for that: https://archive.org/web/


JoJo

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Me.

I am even planning to shut down the sites I've had for 10+ years.

I assume you're going to try to sell these.  Even if there is a little income you could likely get a few 100 or 1000.  I have a blog and this is my plan when I get sick of it.