Author Topic: I just bought 2 days per year of free life, indefinitely. 363 to go.  (Read 80135 times)

Dicey

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #300 on: June 04, 2018, 05:09:20 PM »
My glorious cubicle calendar......in three years, only one person has asked me what it meant.

https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/msg1860531/#msg1860531

(I can't figure out how to link the picture here as it's sitting on a different computer)


Arebelspy had suggested I add a calendar view to the freedomcalculator and your picture inspired me to do it.
Here's the updated version.
http://engaging-data.com/freedom-calculator/#calendarupdate

I know I've said this before, but I love this thread. However, this upgrade is amazing. Almost makes me wish I wasn't FIRE. Snirt, NOT! But still, the journey would have been a lot more fun with tools like this.

CCCA, you are literally helping people gain years of their lives back. Fucking amazing! Or if you don't swear, in my best King Rat voice, "Not Bad. Not bad at all." Google it if you don't know the movie or the book. They're both old.


Imma

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #301 on: June 05, 2018, 11:08:35 AM »
What I love about this calculator is that it gives me one additional day of freedom!

I'm at 4.51 days currently, and the calculator makes that 5 :) At this point, that's still a big difference. I'm sure it doesn't feel that big once you're 308 days in. It's great to see a graph, even though I'm very far away from FIRE.



Slow&Steady

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #302 on: June 05, 2018, 02:15:27 PM »
There should be a lot of changes in the next year; baby #2, SL paid off, new job (fingers crossed), DH company continue to grow, etc.  Some of these might not be so great for this number in the short term (baby #2, SL pay off) but we will see.  Hopefully, this number starts speeding up (increased contributions & compounding interest) because 0.5 days per month = an unacceptable  amount of work left for me.

At $60k/year and only looking a 401k/IRA. 

Jan-17 = 17 days
Aug-17 = 21.7 days
Sept-17 = 22.05 days
Nov-17 = 23.03 days
Dec-17 = 23.71 days
Jan-18 = 25 days
May-18 = 27 days

Baby is here and I am back at work, I can't wait to see this number grow again (hopefully much faster). We didn't add anything while I was on leave but the market gave me a couple extra days.

Loren Ver

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #303 on: June 05, 2018, 03:09:34 PM »
I was just playing with the graph, it's very nice.  Thank you for both creating and sharing!

2Birds1Stone

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #304 on: June 05, 2018, 03:34:13 PM »
170 down, 195 to go!

How the tides have turned!

195 down, 170 to go!

210 down, 155 to go!

223 down, 142 to go :)

228 Down, 137 to go!

Thanks to some lower spending and aggressive savings,

270 down, 95 to go!

CCCA

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #305 on: June 05, 2018, 03:43:14 PM »
I know I've said this before, but I love this thread. However, this upgrade is amazing. Almost makes me wish I wasn't FIRE. Snirt, NOT! But still, the journey would have been a lot more fun with tools like this.

CCCA, you are literally helping people gain years of their lives back. Fucking amazing! Or if you don't swear, in my best King Rat voice, "Not Bad. Not bad at all." Google it if you don't know the movie or the book. They're both old.

Thanks, don't mind the swearing.  Glad that you like it and I do hope that a little visual pop can help motivate people more than maybe a number would.

I was just playing with the graph, it's very nice.  Thank you for both creating and sharing!

Glad to hear it!  You are welcome.

Phryne

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #306 on: June 06, 2018, 04:38:16 AM »
Love this method. Donít love that we only bought 4 days this last quarter!

Iíve adjusted our total so that itís our net worth less the outstanding mortgage balance on our home (Iím not retiring with a mortgage)  which has pushed our total down *but* is a more accurate picture of what we still need to save. So we are at August 3.

gaja

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #307 on: June 06, 2018, 01:26:15 PM »
@CCCA thank you for creating the calendar calculator!

Tabitha

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #308 on: June 08, 2018, 08:54:40 AM »
We are at 325 days, in spite of a too high daily rate. Comforting.

Rhoon

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #309 on: June 10, 2018, 08:13:57 PM »

Year   Days Purchased
2016   64.31
2017   91.28
2018 (As of June 10): 144 days or May 25



Jaayse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #310 on: July 01, 2018, 04:39:06 AM »
2017
April 14 - 66.9
July 24 - 72.32
October 1 - 85.18
November 1 - 89.49
December 1 - 91.60
2018
January 1 - 94.16
February 1 - 99.53
March 1 - 98.25
April 1 - 99.81
May 1 - 129.12
June 1 - 133.36
July 1 - 138.76

...just keep swimming, just keep swimming, just keep swimming, swimming, swimming...

Hirondelle

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #311 on: July 01, 2018, 12:40:19 PM »
I've covered January now!

diapasoun

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #312 on: July 01, 2018, 03:28:31 PM »
Up 5 days so far this year. Not matching some of the big earners and advanced frugalists here, but it's progress and not shabby for a newb making five figures.

Now up to 7 days so far this year!

11 days bought. \o/

SeaKayEl

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #313 on: July 22, 2018, 06:55:26 AM »
Revised & Updated:

13.2 days

I have read (and currently feel) that the beginning is painfully slow....is there an average “forever day” where it starts really picking up?

TexasRunner

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #314 on: July 24, 2018, 09:22:56 AM »
Revised & Updated:

13.2 days

I have read (and currently feel) that the beginning is painfully slow....is there an average ďforever dayĒ where it starts really picking up?

Its a sine curve upward due to the exponential nature of investing.
Probably around 20% to 30% "there", though I am nowhere near that yet.

MoneyMouse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #315 on: July 26, 2018, 08:31:44 AM »
I ran my numbers again!

I have 6 days, assuming I keep my standard of living the same.

What's also comforting is that I reconciled my investments since two days ago and they've made me a little over $38! I did nothing, and I got m'self $38. So amazing, that feeling. So amazing.

Blissful Biker

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #316 on: July 26, 2018, 01:06:31 PM »
4.5 months to go!



The pace so far in 2018 has been 1 week of indefinite freedom for every 2 months worked.  Unless the market goes sideways that pace should increase based on the beauty of compounding.  Assuming it stays the same, I have 19 weeks left to earn which should take 38 months or just over 3 years.  Fingers crossed.

CCCA

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #317 on: July 28, 2018, 02:25:13 AM »
4.5 months to go!



The pace so far in 2018 has been 1 week of indefinite freedom for every 2 months worked.  Unless the market goes sideways that pace should increase based on the beauty of compounding.  Assuming it stays the same, I have 19 weeks left to earn which should take 38 months or just over 3 years.  Fingers crossed.


Nice! That's what I like to see. Happy that the green bit is growing steadily. 

Slow&Steady

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #318 on: July 30, 2018, 09:00:51 AM »
There should be a lot of changes in the next year; baby #2, SL paid off, new job (fingers crossed), DH company continue to grow, etc.  Some of these might not be so great for this number in the short term (baby #2, SL pay off) but we will see.  Hopefully, this number starts speeding up (increased contributions & compounding interest) because 0.5 days per month = an unacceptable  amount of work left for me.

At $60k/year and only looking a 401k/IRA. 

Jan-17 = 17 days
Aug-17 = 21.7 days
Sept-17 = 22.05 days
Nov-17 = 23.03 days
Dec-17 = 23.71 days
Jan-18 = 25 days
May-18 = 27 days
Jul-18 = 28 days

We have had a really rough few months, that we will be recovering from throughout the year.  Goal is to be through Jan by the end of 2018.  Hoping that 2019 will see an acceleration to this rate.

haypug16

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #319 on: July 30, 2018, 12:15:37 PM »
Update - Increased by 2 days in about 3 1/2 months.

April 13th 2018 = 23 days
July 30th 2018 = 25 days (I hope to get to February by the end of the year)


Blissful Biker

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #320 on: July 30, 2018, 03:26:15 PM »
Update - Increased by 2 days in about 3 1/2 months.

April 13th 2018 = 23 days
July 30th 2018 = 25 days (I hope to get to February by the end of the year)

Well done haypug and Slow&Steady.  Earning the first month of freedom is definitely the hardest.  Keep at it.

Arbitrage

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #321 on: July 31, 2018, 08:29:24 AM »
Depending upon assumptions, I'm at around August 6th.  Man, that's still a lot of saving left (or feels that way in my current antsy-to-FIRE state).

Still, this does give me another perspective on some unexpected bonus money I just received ($5k, or about $3k after taxes). 

What would most people do?  Fancy night out on the town, put a down payment on a new car, take an expensive vacation, buy themselves a new toy...I think I'll just save and invest it.

Since we're saving at a rate of about $300/day, I figured that the bonus will allow us to retire 10 days sooner than we otherwise would be able to.  Alternatively, it'll give me another day of freedom on this freedom calculator.  August 7th!

Jaayse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #322 on: August 01, 2018, 11:00:49 AM »
2017
April 14 - 66.9
July 24 - 72.32
October 1 - 85.18
November 1 - 89.49
December 1 - 91.60

2018
January 1 - 94.16
February 1 - 99.53
March 1 - 98.25
April 1 - 99.81
May 1 - 129.12
June 1 - 133.36
July 1 - 138.76
August 1 - 143.95

I'm getting close to the end of May, May 24th to be exact!

2Birds1Stone

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diapasoun

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #324 on: August 01, 2018, 11:43:37 AM »
Up 5 days so far this year. Not matching some of the big earners and advanced frugalists here, but it's progress and not shabby for a newb making five figures.

Now up to 7 days so far this year!

11 days bought. \o/

Stuck at 11 due to paying off car loan in full and some large medical expenses for my cat. Phew, progress is slow when you're starting out. o__o

SeaKayEl

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #325 on: August 01, 2018, 04:08:14 PM »
Slow & Steady...
« Last Edit: August 01, 2018, 04:10:40 PM by SeaKayEl »

kpd905

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #326 on: August 01, 2018, 07:56:44 PM »
275 down, 90 to go!

90 down, 275 to go here.

urover

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #327 on: August 07, 2018, 07:31:02 PM »
My current expenses are 36000/year (high because of city living). But, assuming same expenses post-FIRE and 7% ROI, I need 1650$ per freedom-day. So far:

59 days down.
306 days to go.

68 days down.
297 days to go.
70 days down.
295 days to go.
72 days down.
293 days to go.
91 days down.
274 days to go.

Imma

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #328 on: August 13, 2018, 01:35:18 PM »
I jumped to 4.17 days this month! From 3.83 last month. Should hit 5 in by the end of summer!

Reached 5 today! Will hopefully reach 6 before the end of the year.

onlykelsey

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #329 on: August 13, 2018, 01:49:32 PM »
Great idea.  If I assume an 80K/year (which is what I'm spending now on a family of three, living in Manhattan, including ~28K on daycare) then I need about $5479/day.  I have about $740K now, which is 135 days.  If I don't change jobs, I plan on investing another 70K this year, which buys me.. another 12 days.   

Obviously, to maintain this lifestyle anywhere other than Manhattan and without full-time daycare would automatically take my spending down to, say, 50K, but I think 80K/yearly is a good goalpost since I'd like to be covered for medical expenses and donate lots of money. 

zeli2033

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #330 on: August 27, 2018, 09:16:22 AM »
This thread/idea is awesome.

We are only up to January 13 but exciting to keep tracking this!

Up to January 23

Bird In Hand

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #331 on: August 28, 2018, 02:53:45 PM »
Assuming 4% SWR, $75k annual spending, and 4% post-inflation returns going forward, then our investable assets cover...

234 days (through August 22nd each year) if we stop working today.

258 days (through Sep 15th each year) if we stop working today.

273 days (through Sep 30th each year) if we stop working today.

Penn42

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #332 on: August 29, 2018, 06:37:44 AM »
First post on this thread to celebrate breaking into February!  February 3rd to be exact.  Last I checked I wasn't even halfway through January.  Progress!

ilsy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #333 on: August 31, 2018, 01:09:50 PM »
I'm a bit confused how is rental income calculated into days of freedom. Do I subtract from my annual spending the net rental income? Or do I, instead, add rental income as savings, but then I'm not sure what number to add (market values of the properties)?

diapasoun

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #334 on: August 31, 2018, 01:26:56 PM »
At January 14, which is a 7-day improvement so far this year from last year. Slow and steady, slow and steady. I've at least guaranteed myself two weeks of vacation for life. ;)

CCCA

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #335 on: August 31, 2018, 01:36:15 PM »
I'm a bit confused how is rental income calculated into days of freedom. Do I subtract from my annual spending the net rental income? Or do I, instead, add rental income as savings, but then I'm not sure what number to add (market values of the properties)?


I would subtract rental income from annual spending to get the amount of spending that will need to be supported by non-rental income (i.e. returns/principal from your investments). 

SeaKayEl

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I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #336 on: September 03, 2018, 03:05:26 PM »
15.3
First month I’ve crossed over gaining a whole day

Jaayse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #337 on: September 03, 2018, 03:25:51 PM »
2017
April 14 - 66.9
July 24 - 72.32
October 1 - 85.18
November 1 - 89.49
December 1 - 91.60

2018
January 1 - 94.16
February 1 - 99.53
March 1 - 98.25
April 1 - 99.81
May 1 - 129.12
June 1 - 133.36
July 1 - 138.76
August 1 - 143.95
September 1 - 148.73

May 29th, averaging around 5 days a month, at this rate I could be FIREd in a little over 3 years (+60 days per year), which would be the end of my next tour!

Slow&Steady

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #338 on: September 04, 2018, 09:26:53 AM »
There should be a lot of changes in the next year; baby #2, SL paid off, new job (fingers crossed), DH company continue to grow, etc.  Some of these might not be so great for this number in the short term (baby #2, SL pay off) but we will see.  Hopefully, this number starts speeding up (increased contributions & compounding interest) because 0.5 days per month = an unacceptable  amount of work left for me.

At $60k/year and only looking a 401k/IRA. 

Jan-17 = 17 days
Aug-17 = 21.7 days
Sept-17 = 22.05 days
Nov-17 = 23.03 days
Dec-17 = 23.71 days
Jan-18 = 25 days
May-18 = 27 days
Jul-18 = 28 days
Aug-18 = 29 days

We have had a really rough few months, that we will be recovering from throughout the year.  Goal is to be through Jan by the end of 2018.  Hoping that 2019 will see an acceleration to this rate.

fuzzy math

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #339 on: September 04, 2018, 04:13:20 PM »
Made it to April fools!!