Author Topic: I just bought 2 days per year of free life, indefinitely. 363 to go.  (Read 37760 times)

FrugalSaver

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #100 on: February 02, 2017, 01:47:51 PM »
Since I'm around 7+ years away from my ideal FIRE I've realised it can be more motivating to look at what your day to day actions are worth.

My current cost of living is 25000 per year.

That means my cost per day is $68

I just invested $2000.

Assuming 7% returns over the long term (10+ years), without even taking into account compounding, the return on $2000 will be around $140 per year.

That's two days of financial independence, every year, for the rest of my life.

For every $1000 I save I have instantly bought 1 day of financial independence, every year, forever

Mid you get 7% that's close to double almost tue last 20 years. I do keep hoping we revert back to the mean.

yachi

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #101 on: February 02, 2017, 03:10:16 PM »
I like this calculation.
Stache growth will have me FI in 12 years.  With a 4% withdrawal rate, it'll be enough to continue making all the student loan and mortgage payments I'm making now.

A minute of Forever Freedom today costs me $2.  A minute of Forever Freedom in 12 years costs me only $0.85

So every $1 saved brings me one more minute close to FIRE!

mr_orange

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #102 on: February 02, 2017, 05:11:09 PM »
I'm up to 335.7 now.
12/30/16                                       06/30/17
Fire Totals:                                   Fire Projections:
-$7k/month - 68.1% Funded             86.1% Funded
-$8k/month - 59.6% Funded             75.4% Funded
-$9k/month - 53.0% Funded             67.0% Funded
-$10k/month - 47.7% Funded           60.3% Funded

-Calculus gives speculation the deceptive guise of investment ~Benjamin Graham
-The future ainít what it used to be ~Yogi Berra

spectre

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #103 on: February 02, 2017, 08:00:47 PM »
Probably want to reduce your real return assumptions to 4-5%

respond2u

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #104 on: February 02, 2017, 08:58:30 PM »
I do this every New Year based on my current net worth and my spending from the previous year. Here is the formula from my spreadsheet

=DATE(A2+1,1,1)+(D2/25)/(B2/365)
A2 = last year (eg 2015)
B2 = Spending from last year
D2 = Current Investments

My current day is January 25.

Thanks! I just added it to my spreadsheet.

You can geek it out a bit by getting rid of A2 so you don't have to keep updating it:
=DATE(Year(Today()),1,1)+(D2/25)/(B2/365)

Also, for those of us counting days, we could split out--
# of days paid for:
 = (D2/25)/(B2/365)

You could get really "I got too much time on your hand" by replacing 365 with
 =DATE(YEAR(TODAY())+1, 1, 1)-DATE(YEAR(TODAY()), 1, 1)
to account for leap years...




Vindicated

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #105 on: February 03, 2017, 09:19:03 AM »
I decided to add something like this to my spreadsheet too, even though I'm drastically behind most of you.

Days of Freedom Purchased!
=(Investment Total/25)/(-Month's Expense*12/365)

This connects the items that fluctuate so you can see the # of days until freedom each month.

"Investment Total" is my 401k + Other investments (No SS)
"Month's Expense" is what I actually spent that month.  This will help show that my spending directly affects my days until I have a full year of freedom.  I used a negative (-) to cancel out my spreadsheet investment being shown as negative.
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Rhoon

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #106 on: February 05, 2017, 11:50:01 AM »
You can geek it out a bit by getting rid of A2 so you don't have to keep updating it:
=DATE(Year(Today()),1,1)+(D2/25)/(B2/365)

Also, for those of us counting days, we could split out--
# of days paid for:
 = (D2/25)/(B2/365)


Thanks for the calculation, I added this to my "date" section of my spreadsheet -- Currently March 15. For my calculation though, I'm using my projected expenses in FIRE based upon my family's current budget, excluding any debt, but including a Mortgage. If I exclude my mortgage expenses, I'd be up to May 27th.

Zikzin

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #107 on: February 05, 2017, 12:54:58 PM »
Wow this is mindblowing 0__0

Thanks OP!

Question:

With the 4% SWR formula, $2703/month which is 1 "forever day" will take 30 years to make it to $1M? is this correct?


Roothy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #108 on: February 28, 2017, 12:02:58 PM »
"Number of retirement days endowed per year" is my new favorite way to mark progress.

As of today, I have endowed 243 days of freedom in perpetuity.  My goal is to endow at least 4 additional days per month.


mr_orange

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #109 on: February 28, 2017, 06:26:52 PM »
I'm up to 338.6 now.
12/30/16                                       06/30/17
Fire Totals:                                   Fire Projections:
-$7k/month - 68.1% Funded             86.1% Funded
-$8k/month - 59.6% Funded             75.4% Funded
-$9k/month - 53.0% Funded             67.0% Funded
-$10k/month - 47.7% Funded           60.3% Funded

-Calculus gives speculation the deceptive guise of investment ~Benjamin Graham
-The future ainít what it used to be ~Yogi Berra

Metric Mouse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #110 on: March 04, 2017, 08:41:19 AM »
Wow this is mindblowing 0__0

Thanks OP!

Question:

With the 4% SWR formula, $2703/month which is 1 "forever day" will take 30 years to make it to $1M? is this correct?
I don't think that this is correct.
Give me one fine day of plain sailing weather and I can mess up anything.

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natb2347

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #111 on: March 07, 2017, 04:29:30 PM »
It really frustrates me when I have the passion and will power (and gaining the knowledge more and more on here and other sites) but I suck at math.  I try really hard to figure all this out but sometimes I don't trust my own math and assumptions to get this right.   Am I alone here?  I am still unsure about the math I have done to get my FIRE date right even though I have calculated it so many times (every site I use gives me vasty different numbers).  It feels like the majority of folks on here are little whizzes at crunching numbers.  Im envious.  Waving the white flag :(

Riff

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #112 on: March 07, 2017, 05:38:12 PM »
It really frustrates me when I have the passion and will power (and gaining the knowledge more and more on here and other sites) but I suck at math.  I try really hard to figure all this out but sometimes I don't trust my own math and assumptions to get this right.   Am I alone here?  I am still unsure about the math I have done to get my FIRE date right even though I have calculated it so many times (every site I use gives me vasty different numbers).  It feels like the majority of folks on here are little whizzes at crunching numbers.  Im envious.  Waving the white flag :(
Most FIRE dates are just educated guesses based anyway based on what the market will probably do over time.  FIRE is certainly a few years out for us yet, so whenever I play with the calculators it's a bit of fun speculation.  If we keep investing this much, and the market returns this much, holy moly, we'll have that much and can FIRE because we only spend this much.  Woot!

As far as this thread goes, I can share a quick little spreadsheet that I made inspired by this thread if you want it.

tarheeldan

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #113 on: March 07, 2017, 07:03:39 PM »
Up to 113 days :-) weee!

Vindicated

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #114 on: March 08, 2017, 07:03:02 AM »
It really frustrates me when I have the passion and will power (and gaining the knowledge more and more on here and other sites) but I suck at math.  I try really hard to figure all this out but sometimes I don't trust my own math and assumptions to get this right.   Am I alone here?  I am still unsure about the math I have done to get my FIRE date right even though I have calculated it so many times (every site I use gives me vasty different numbers).  It feels like the majority of folks on here are little whizzes at crunching numbers.  Im envious.  Waving the white flag :(

I think the most simple way to look at it is:

(Total Invested / 25) / 12 / (Average Monthly Spending) = %

So, if you have $600,000 saved, the 4% rule says you can expect $24k/yr in gains.

Dividing $24k/yr by 12, you can find what you get each month = $2k/mo.

Dividing $2k/mo by your average monthly spend (for me $3k) = 66% to goal.

Of course, if you plan to sell your home when you FIRE and travel, you can add the value of the home.  I only use Total Invested, because I plan to keep my home when I retire.

Note:  I just picked these numbers for simple math examples.
My MMM Journal: https://forum.mrmoneymustache.com/journals/my-almost-perfect-life-experience/

"Remember that sometimes not getting what you want is a wonderful stroke of luck.Ē - Dalai Lama

Roothy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #115 on: March 08, 2017, 01:57:00 PM »
If you want to do "days endowed," in contrast, do this easy (though dirty) calculation:

How much do you want to spend per year?  For instance, "$40,000."

Divide $40,000 by 365, which is how much you want to spend per day: $110

If you are going to use the 4% rule, then you need 25X this amount to "endow" that day (because 4%X25=100%, but don't worry if you don't understand that--just trust me on the 25): $110 X 25 = $2750.

So every $2750 you save is one day you have endowed. 

How many days have you endowed?  Take your current nest egg, and divide by $2750.  Imagine it is $500,000: $500,000/$2750 = 181 days so far, and 365-181= 184 to go.

Wah-lah!

(By the way, it is "dirty" because you're not accounting for inflation.  If you are far away from retiring, that $40,000 amount is going to go up.  No worries--just every few years, redo the calculations with an updated yearly spend.)
« Last Edit: March 08, 2017, 01:59:17 PM by Roothy »

Metric Mouse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #116 on: March 10, 2017, 06:36:08 AM »
If you want to do "days endowed," in contrast, do this easy (though dirty) calculation:

How much do you want to spend per year?  For instance, "$40,000."

Divide $40,000 by 365, which is how much you want to spend per day: $110

If you are going to use the 4% rule, then you need 25X this amount to "endow" that day (because 4%X25=100%, but don't worry if you don't understand that--just trust me on the 25): $110 X 25 = $2750.

So every $2750 you save is one day you have endowed. 

How many days have you endowed?  Take your current nest egg, and divide by $2750.  Imagine it is $500,000: $500,000/$2750 = 181 days so far, and 365-181= 184 to go.

Wah-lah!

(By the way, it is "dirty" because you're not accounting for inflation.  If you are far away from retiring, that $40,000 amount is going to go up.  No worries--just every few years, redo the calculations with an updated yearly spend.)
I think you are forgetting market returns and over stating inflation, unless all investments are in cash.
Give me one fine day of plain sailing weather and I can mess up anything.

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Roothy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #117 on: March 10, 2017, 11:07:23 AM »
Yes it ignores market returns, too.  And it ignores inflation.  That's why it's quick and dirty.  The point was to give a poster who said he/she isn't good a math, a way to understand what we are doing.

A marginal increase in accuracy will come at a large cost in complexity.  The further you are away from planned retirement, the worse the inaccuracy. 

Blissful Biker

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #118 on: March 18, 2017, 06:07:11 PM »
Great way to look at it.  I've added this equation to my financial spreadsheet too.

I have bought myself 223 glorious days.  139 to go.

CheapskateWife

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #119 on: March 27, 2017, 02:19:25 PM »
Oh!  6 months later and we've made it to September 23rd
Kind of fun to keep circling back....we are up to October 17th, or 290 days per year of freedom.

2Birds1Stone

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #120 on: March 27, 2017, 02:40:09 PM »
170 down, 195 to go!
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Roothy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #121 on: March 28, 2017, 02:25:27 PM »
I'm done with winter, spring and summer.  Just starting on my final season, fall--up to Sept. 3.  Fall has always been my favorite season.  :)

BeautifulDay

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #122 on: March 28, 2017, 06:44:54 PM »
January 23rd - counting only invested funds.

Long way to go.
« Last Edit: June 04, 2017, 10:04:31 AM by BeautifulDay »

Knaak

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #123 on: March 28, 2017, 08:34:59 PM »
I'm up to November 9th!  I'll be free the end of next year so long as I can maintain my savings rate through 2017.  Even if I don't, I should be close enough to pull the plug on my day job.

~190 more work days left...

Three months later and I'm up to November 23rd!  Next month I'll add 10+ days since my side business is about to get some nice commission checks.  The business has lumpy income, but the lumps are getting larger and more frequent this year.

~135 more work days left.

WhiteTrashCash

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #124 on: March 28, 2017, 08:42:03 PM »
I am currently at 22 days, which is not a bad start. I like this game.

recklesslysober

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #125 on: March 29, 2017, 12:51:54 PM »
7/365 - One week down!

bgsnyder

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #126 on: March 29, 2017, 01:01:06 PM »
Can almost retire for February on a non leap year. 27.376 days

faramund

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #127 on: March 29, 2017, 02:16:20 PM »
Well, I've just passed my birthday!!! And a double hooray because thats November 22

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #128 on: March 29, 2017, 02:59:15 PM »
According to this calculation, I've made it to about Jan 30 of the following year!  (i.e. day 395).  Okay, so I should be FIRE right now, but I'm not yet.  I have NMM (nine more months!) at 50% part-time, less than OMY.



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Landslave

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #129 on: March 29, 2017, 10:14:37 PM »
I do something similar, but match the return to a cost of living.  For example, our electric bill averages $130/month and thus, when we acquired a rental property yielding $130 per month, I count that as a perpetual source of electricity payments.  Ditto for just about all the other costs of living.  The $1150/month health insurance bill took two paid off rental houses, but one by one, the asset ROI is displacing the costs of living and freedom is nigh.....just about 5 major costs of living to offset with ROI and Bob's your uncle.  DONE!

Vertical Mode

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #130 on: March 30, 2017, 08:31:33 PM »
I've been doing a lot of thinking lately about what my actual FIRE goal/number is. There's a ~$250k difference between some of the numbers I've come up with in doing so. (30k/yr @ 4%, or 750k invested, vs. 30k/yr @ 3%, or 1000k). The thought is that perhaps crossing the 7 figure mark will have some psychological bearing on whether I feel comfortable enough to pull the trigger and DO IT. This of course has a direct bearing on the denominator in this equation, but estimating conservatively I'm at February 26th. Not bad!
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10dollarsatatime

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #131 on: April 02, 2017, 04:04:49 PM »
Up to 67!
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SeaKayEl

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #132 on: April 02, 2017, 08:50:30 PM »
This is so great!

Thanks for sharing.

42 days!

haypug16

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #133 on: April 13, 2017, 01:51:31 PM »
I couldn't love this thread more! I'm up to Jan 21st. $1,680 for every forever day. :D

Lanthiriel

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #134 on: April 13, 2017, 02:30:27 PM »
This is a fun exercise :) 41 days/February 10!

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #135 on: April 14, 2017, 01:25:55 AM »
Looks like I'm at 66.9 days with my liquid investments and 105.5 if I include equity!  :D
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ks135ks

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #136 on: April 14, 2017, 03:01:22 PM »
This is one of the most refreshing ways to think about calculating the FIRE date that I've seen in a while.  It's nothing earth shattering or anything but at the same time it is.  It's such a cool way of seeing it!
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StiffUpperLip

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #137 on: April 20, 2017, 11:28:59 AM »
I've added this to my accounts spreadsheet even though it's a little depressing as we're very much at the beginning of our journey...

I have made it calculate from today's date though as I feel it's most accessible as a  'quit-ability' factor that way...

WildJager

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #138 on: April 21, 2017, 09:47:40 AM »
560 days @ 4% WR.  I can't quit for four more years due to contract obligations, else I'd be out adventuring instead of sitting in this damn office.  :(

#mustachianproblems

Phryne

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #139 on: April 22, 2017, 08:00:27 AM »
I am loving this method too! And my avoid-anything-numerical-at-all-costs husband gets it too, double win!!

Unfortunately, while ourstash says August, I when I include what I need to pay off our house (We can't / don't want to retire with a mortgage) I'm back to the 12th of August.  $3,837 Aussie Pesos buys us a forever day of freedom!

Dictionary Time

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #140 on: April 22, 2017, 09:39:11 AM »
I think this is a fun way to look at it. We're at May 1.

But when I showed my husband (who has heard "Honey, come look at !" more times than most men), he thought it was a sad way to view things.  He thought it was like he's an indentured servant, buying out his contract. 

I know there's nothing revolutionary about the numbers themselves, it's just another way to look at them.  But I don't know why he felt that it was a depressing way to look at life.

Roothy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #141 on: June 03, 2017, 03:55:53 PM »
Some people just really, really hate talking about these things. They find it grubby, and yes, depressing.  My husband is the same way.  It's hard, because I want to share milestones with him, but he haaaaaaaaaaates it.  Like, it makes him feel bad and puts him in a foul mood.  I find it completely weird, but he's not the first person I've met like that.

I have fifty million different ways of describing "how close" we are to the ability to retire.  Every single one of them gives me delight.  I have the most ridiculous spreadsheet you have ever seen.  Every time I come up with/hear of a new way to track finances,  add it.  But I can't share it with anyone!  It's very lonely.  So I just post here.  :)

Back on topic, I allow myself to formally update the "days of freedom" bought only once per month.  On that day, I get to add a line, with the new cumulative number of days, and then I get to update the "date."  And I swear to god I start looking forward to that little treat over a week in advance.

Phryne

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #142 on: June 04, 2017, 06:06:58 AM »
Some people just really, really hate talking about these things. They find it grubby, and yes, depressing.  My husband is the same way.  It's hard, because I want to share milestones with him, but he haaaaaaaaaaates it.  Like, it makes him feel bad and puts him in a foul mood.  I find it completely weird, but he's not the first person I've met like that.

I have fifty million different ways of describing "how close" we are to the ability to retire.  Every single one of them gives me delight.  I have the most ridiculous spreadsheet you have ever seen.  Every time I come up with/hear of a new way to track finances,  add it.  But I can't share it with anyone!  It's very lonely.  So I just post here.  :)

Back on topic, I allow myself to formally update the "days of freedom" bought only once per month.  On that day, I get to add a line, with the new cumulative number of days, and then I get to update the "date."  And I swear to god I start looking forward to that little treat over a week in advance.

Roothy, I had to double check to make sure I hadn't written this!!

I *try* to limit myself to only looking quarterly, but by goodness, during the last fortnight of May I was dragging money from everywhere to find enough to get our total higher to push over to an extra day! I'm not sure I could be trusted to look monthly- but I am tempted!!

Roothy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #143 on: June 04, 2017, 09:24:42 AM »
Note I said I "formally update" only once a month, and only that particular measure.  But I LOOK at it... umm... a lot.  I'm too embarrassed to admit how often I *look*.  :)

MVal

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #144 on: June 05, 2017, 09:59:26 AM »
I need to figure this out for my rate. This will be a more motivating method for me this year, I think, since I'm not focused on growing my liquid savings and am directing most of my savings energy on pre-tax accounts right now, which have been dragging their feet so far this year. At the moment, I'm living on about $16,000/year, so with my current stash at about $50K, I'll have to evaluate where I fall currently on days "paid."

So I've discovered every $1100 invested buys me 1 "forever-day." That means I've got about 45 days covered so far. By what I anticipate to save this year, I should have about 72 days total paid for at the end of 2016...that'll be close to being 20% retired for me!

Now at almost halfway through the year, I've got 57 days covered.

Wow, I've come a long way. I was super stoked to hit $100K net worth last month and as of today I'm sitting at $101,363. That means I now have 92 forever-days covered! Over 25% of the forever year!
« Last Edit: June 05, 2017, 08:52:25 PM by MVal »
Proverbs 13:4
The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.

Proverbs 13:11
Wealth obtained by fraud dwindles, but the one who gathers by labor increases it.

https://tickers.TickerFactory.com/ezt/t/wGp3WGH/savings.png

secondcor521

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #145 on: June 05, 2017, 06:37:05 PM »
I'm at 3:11 pm on October 22nd the following year.  Been FIRED for about 18 months but it's still fun to do these sorts of calculations sometimes.
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arebelspy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #146 on: June 10, 2017, 12:09:30 AM »
I'm at 3:11 pm on October 22nd the following year.  Been FIRED for about 18 months but it's still fun to do these sorts of calculations sometimes.

Sheesh. A bit more compounding and you'll have lapped FIRE!

Or, to put it another way, you're at a 2.2% WR and dropping.

Taking a 50% haircut and still being able to have a 4% WR must be a pretty nice feeling.  ;)
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secondcor521

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #147 on: June 10, 2017, 01:15:57 AM »
I'm at 3:11 pm on October 22nd the following year.  Been FIRED for about 18 months but it's still fun to do these sorts of calculations sometimes.

Sheesh. A bit more compounding and you'll have lapped FIRE!

Or, to put it another way, you're at a 2.2% WR and dropping.

Taking a 50% haircut and still being able to have a 4% WR must be a pretty nice feeling.  ;)

Yeah.  If you adjust for piggybacking and some other miscellaneous income, I'm at about a 0.3% WR.  For reasons that I haven't fully fathomed, I don't particularly feel as safe as I would expect even with everything humming along nicely.  I think it may be that my Mom was a worrier and when things were going well, she would worry that there was nothing to worry about.

Also, I calculate my WR based on my last six months of expenses.  With Christmas and real estate taxes, I have some seasonality in my WR and I'm entering the lowest/best part of the year.  But I have several years of data on that so I'm OK with it.
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arebelspy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #148 on: June 10, 2017, 08:12:19 AM »
Yeah.  If you adjust for piggybacking and some other miscellaneous income, I'm at about a 0.3% WR.  For reasons that I haven't fully fathomed, I don't particularly feel as safe as I would expect even with everything humming along nicely.  I think it may be that my Mom was a worrier and when things were going well, she would worry that there was nothing to worry about.

It's hard when the market is at record highs to feel totally safe.

The nice part will be when the next crash happens, half your wealth evaporates, you have side gig income keeping your WR still around 3% even counting the crash, and then the market starts to come back and your WR starts dropping again.

That's when you'll pass the sequence of returns risk test. Hopefully at that point it'll feel better?  ;)

Quote
Also, I calculate my WR based on my last six months of expenses.

What's the reasoning for this instead of calculating using not the last 12 months?
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (occasionally) blog at AdventuringAlong.com.
You can also read my forum "Journal."

frugalwitch

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #149 on: June 10, 2017, 08:39:52 AM »
I'm at 26 days ! That's motivating :D.