Author Topic: New Forum For People Who Are Financially Independent!  (Read 13477 times)

Dicey

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Re: New Forum For People Who Are Financially Independent!
« Reply #50 on: February 20, 2017, 07:57:26 PM »
Posting to follow so I can find this again.

Retired at 54.

Life looks nothing like I expected, but being FIRE is awesome.
I did it! I have a journal!
http://forum.mrmoneymustache.com/journals/a-lot-like-this/
And hell yes, I am still moving confidently in the direction of my dreams...

zinethstache

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Re: New Forum For People Who Are Financially Independent!
« Reply #51 on: February 20, 2017, 10:41:31 PM »
I originally read this thread, but thought it was FIRE, not FI... So I am a little late to the party..

Some of the questions I personally would like to ask others are:
-How old were you when you became FI? 47 (am 49 now)
-Was this carefully planned or happened suddenly (inheritance/job payout)? This was very carefully planned and happened much faster thanks to the market
-What was the biggest surprise you didn't expect after FI? I did not expect me to be a two year OMY person...I was a coward!
-What was the most difficult adjustment? Making myself quit an awesome job to full time RV travel with my already FIREd DH.
-Do you tell people you are FI?  Why or why not? I did not tell folks until closer to FIRE (1/27/17) We started telling family when we sold our residence last June and moved into my parent's horse pasture to wait out the last 6 months of me working. Work found out when I gave my notice on 1/3. So far everyone has been great about it. Most are jealous or cannot comprehend what I am doing, but they still respect it. I suppose had I retired and not had grand travel plans it would not have gone as well.
-Did your social life/friends change after FI?  How? I am on a fixed income now and will be living out of state full time starting around March. I have still been attending some of my normal events as I prep to travel and I get to spend lots of time with family, but that will all change very shortly.

PaulMaxime

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Re: New Forum For People Who Are Financially Independent!
« Reply #52 on: February 22, 2017, 08:37:00 PM »
-How old were you when you became FI?

I'm 53 now. I suppose I made it a couple years ago which makes me happy and sad since I first started thinking about this a long long time ago (anyone read the Retire Early Home Page?) but life circumstances really got in the way. I wish I had stuck to my guns 20 years ago and I would have been there much earlier.

-Was this carefully planned or happened suddenly (inheritance/job payout)?

It was planned but the last few years have been very good for me income wise. I got a big payout from my former employer and the new startup I joined has been very successful in a short time and I have a ton of equity, so I have gone from barely FI to solidly FI in about 2 years. The financial crisis (2008-2009) was also a HUGE help since I've been able to invest well throughout that time and have nearly quintupled my net worth in just a few years. You younger folks should PRAY for the market to crash again. What a great opportunity.

-What was the biggest surprise you didn't expect after FI?

I'm not RE yet, still working at the startup. It's nice to have the freedom to walk away any time I want. That allowed me to join the risky startup company without any worries. Also my tolerance for things that I don't like is much lower.

-What was the most difficult adjustment?

I'll let you know when I RE. On the positive side it's great to not care about things like our heating system in our home crapping out because a 2K repair is no big deal. If I want to buy something I just buy it, though my tastes aren't extravagant.

-Do you tell people you are FI?  Why or why not?

There's a few of the younger people at my office that are actually interested in learning how to do this. So I offer advice to people where it's wanted. You know, you can't tell people something they aren't ready to hear so I don't offer my opinion or advice lightly. I think at this point most of the early employees are probably FI just because of the equity but I don't know how many realize it. I'll have to be a bit more forthcoming with advice once we get a chance for liquidity.

-Did your social life/friends change after FI?  How?

We keep a relatively low profile. The only thing that gives us away a bit is that we own a large 2 bedroom condo here in San Francisco. We like to entertain and so I'm always throwing cocktail parties and dinner parties. But we only have 1 6 year old car and don't dress fancy or show off. So I think people don't really know or care.
"When my information changes, I alter my conclusions. What do you do, sir?" - John Maynard Keynes