Author Topic: I just bought 2 days per year of free life, indefinitely. 363 to go.  (Read 249504 times)

CCCA

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #300 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 #301 on: June 06, 2018, 04:38:16 AM »
Love this method. Don’t love that we only bought 4 days this last quarter!

I’ve adjusted our total so that it’s our net worth less the outstanding mortgage balance on our home (I’m 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 #302 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 #303 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 #304 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 #305 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 #306 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 #307 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/

TexasRunner

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #308 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 “forever day” 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 #309 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 #310 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 #311 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 #312 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 #313 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 #314 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 #315 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 #316 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 #318 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

kpd905

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #319 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 #320 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 #321 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 #322 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 #323 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 #324 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 #325 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 #326 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 #327 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 #328 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). 

Jaayse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #329 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 #330 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 #331 on: September 04, 2018, 04:13:20 PM »
Made it to April fools!!

Tarquin

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #332 on: September 26, 2018, 12:31:00 PM »
My first post ever!!

September 26, 2018:

(1)  At January 26

(2)  25.6 days

(3)  7.00% completed!

zeli2033

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #333 on: September 28, 2018, 08:27:36 AM »
1/2018: January 13
4/2018: January 18
7/2018: January 22
9/2018: January 27

Hoping to get well into February by the end of the year!

diapasoun

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #334 on: September 29, 2018, 12:09:49 AM »
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. ;)

To January 15.

WhiteTrashCash

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #335 on: September 29, 2018, 06:18:40 AM »
According to the calculator, I am up to March 2nd. That's not bad. Gotta keep working toward FIRE.

Bird In Hand

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #336 on: September 29, 2018, 07:52:18 AM »
1/2018: January 13
4/2018: January 18
7/2018: January 22
9/2018: January 27

Hoping to get well into February by the end of the year!

Nice work.  I hope you make it to February soon -- those monthly milestones are awesome!

haypug16

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #337 on: October 01, 2018, 02:32:26 PM »
April 13th 2018 = 23 days
July 30th 2018 = 25 days
September 30th 2018 = 26 days

1 more day in 2 months. Slow going but it's going. goal is 2 more days by the end of the year.


Jaayse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #338 on: October 01, 2018, 03:19:12 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
October 1 - 151.87

Despite a slower month with a lot of extras, I made it to June 1st!

daveed

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #339 on: October 02, 2018, 11:00:21 AM »
@Dicey what an awesome tool! This is really an awesome way of thinking about things.

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #340 on: October 02, 2018, 03:41:38 PM »
@Dicey what an awesome tool! This is really an awesome way of thinking about things.
Yeah, sure, great, isn't it terrific? I love it too!

Which tool are you referring to?

Pretty sure all the really good ones are the work of others, not me.

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Dicey

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #342 on: October 03, 2018, 08:21:59 AM »
@Dicey this bad boy -- http://engaging-data.com/freedom-calculator/#calendarupdate
I agree it's a thing of beauty, but it's not mine. I believe the credit belongs to @CCCA. Let's see if this ping solves the mystery.

CCCA

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #343 on: October 03, 2018, 02:28:04 PM »
@Dicey this bad boy -- http://engaging-data.com/freedom-calculator/#calendarupdate
I agree it's a thing of beauty, but it's not mine. I believe the credit belongs to @CCCA. Let's see if this ping solves the mystery.


Thanks Dicey and david, yes that is mine.  It was inspired by the folks on this thread, as I just joined halfway through and thought, "that'd make a good interactive calculator". Subsequently, I've built a few others (as you can see in my sig). 

Slow&Steady

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #344 on: October 08, 2018, 03:26:04 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
Jul-18 = 28 days
Aug-18 = 29 days
Sept-18 = 29 days

At the mercy of the market.  Seems like it was flat in Sept, the only increase I can see is my contributions, and so far October is sending me backwards.

zeli2033

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #345 on: November 08, 2018, 08:37:12 AM »
1/2018: January 13
4/2018: January 18
7/2018: January 22
9/2018: January 27
10/2018: January 29

BeautifulDay

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go. Lot
« Reply #346 on: November 11, 2018, 05:33:38 PM »
Based on $40,000 annual spending.  So about $2700 per day.
31 forever days.  1 month down 11 to go.

34 days.

I do like this concept, but seems like it will take forever. However, a lot can and most certainly will change over the next few years.

Looks like it’s been about a year since I posted here.  I’m now at 38 days, but I’m basing my number on $50k per year rather than $40k. Last month I was at 40 days, darn market correction.

6 day increase (sept 17 to sept 18) in a year isn’t good. Even worse 4 day increase from sept 17 to oct 18.  Good thing I’m in it for the long haul.

Ive increased my saving rate this last couple months.  So it will get better.

Slow&Steady

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go. Lot
« Reply #347 on: November 27, 2018, 09:27:00 AM »

...6 day increase (sept 17 to sept 18) in a year isn’t good. Even worse 4 day increase from sept 17 to oct 18.  Good thing I’m in it for the long haul.

Ive increased my saving rate this last couple months.  So it will get better.

6 days/year or 0.5 days/month is what I have been averaging (or was before the Oct).  I also am not happy with this number, I am hoping to increase my savings rate considerably in 2019.

I just wanted to let you know that you are not alone, cheers.

TexasRunner

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go. Lot
« Reply #348 on: November 27, 2018, 04:11:01 PM »

Looks like it’s been about a year since I posted here.  I’m now at 38 days, but I’m basing my number on $50k per year rather than $40k. Last month I was at 40 days, darn market correction.

6 day increase (sept 17 to sept 18) in a year isn’t good. Even worse 4 day increase from sept 17 to oct 18.  Good thing I’m in it for the long haul.

Ive increased my saving rate this last couple months.  So it will get better.

Keep in mind the day 'gains' are exponential.  I'm sure we could determine the formula for how hard the first day is compared to how easy the last day is, but they are not equal by any means.

financialfreedomsloth

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go. Lot
« Reply #349 on: December 08, 2018, 05:03:25 AM »

Looks like it’s been about a year since I posted here.  I’m now at 38 days, but I’m basing my number on $50k per year rather than $40k. Last month I was at 40 days, darn market correction.

6 day increase (sept 17 to sept 18) in a year isn’t good. Even worse 4 day increase from sept 17 to oct 18.  Good thing I’m in it for the long haul.

Ive increased my saving rate this last couple months.  So it will get better.

Keep in mind the day 'gains' are exponential.  I'm sure we could determine the formula for how hard the first day is compared to how easy the last day is, but they are not equal by any means.
The last day comes on top of a stash that can already sustain you 364 days. Basically, that last day is a rounding error or a move in the market of less than 0,3% ...

 

Wow, a phone plan for fifteen bucks!