Author Topic: Target FIRE: 2017  (Read 260141 times)

markbike528CBX

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Re: Target FIRE: 2017
« Reply #1400 on: May 29, 2018, 10:06:03 PM »
ks135ks.  Thanks for the update.   I might have ended up in your situation in about 9 months, if not for your story,

MonkeyJenga

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Re: Target FIRE: 2017
« Reply #1401 on: May 30, 2018, 08:38:44 AM »
Congrats on avoiding the cubicles!

I am actually about to un-FIRE. Made it 7 months. But no cubes at this place! They've got bean bag chairs and an ice cream freezer, and I have official permission to come in late every day.

Still not thrilled about needing a morning alarm, but I care about the mission. Ugh.

Kay-Ell

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Re: Target FIRE: 2017
« Reply #1402 on: May 30, 2018, 01:02:05 PM »
Thanks for the update!  I just hit the 7 month mark, and it's rather reassuring to know others are grappling with some of the same experiences while making the transition.  I'm starting to become emensely more productive, with an abundance of enthusiasm when I tackle a project. Yesterday I bought and laid a literal ton of rocks, nearly completing an outdoor project.  Today I'm going to pick up another 1/2 ton!  I was worried for a while there, while deep in the throws of decompression, that I'd broken my ambitious, over achieving personality with retirement. 

FrugalAussie

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Re: Target FIRE: 2017
« Reply #1403 on: May 30, 2018, 06:02:57 PM »
Keep the updates coming, I like to know how other people are managing their FIRE transition. It's also a gift for people thinking about or getting close to their own retirement.  While everyone's situation is different there are certainly some common themes.

I've now been retired 12 months. My greatest achievement has been my health.  I lost a little weight (8kg) and become a regular at the gym.  The achievement I'm most pleased about is that I stopped drinking alcohol entirely. It's been 173 days! I'm very proud of myself as my partner still drinks and I've attended various social functions including a 'wine and cheese' night and was not tempted. I drank to cope with stress when working and it became a habit so I'm well pleased to have those days behind me. I'd estimate that I've saved about $750. My fitness is starting to plateau so I'm now going to train for a women's fun triathlon. It's a special event geared towards getting women to try the event, it's not at all competitive.

We've just moved into a new house that has taken about 2 years to get built so we've been focused on that challenge. Now we're moved in and our old house is on the market I'm starting to think about "the rest of my life". I'm really please with how the house has turned out and happy to spend a lot of time in it, getting settled in and getting the garden established but I'm restless for some external stimulation. I've increased my commitment to my volunteer work which has been satisfying. Soon I'll be picking up a little bit of paid work teaching in my professional area. My plan is to use that pay to fund some giving for ongoing projects/passions which my partner doesn't agree to financially support so I can't use "our" money. 

My partner has also retired, he loves it.  Basically he potters around at home all day with the occasional social activity that I organise. He's had a couple of health issues that we're getting on top off but otherwise he's very happy.

Financially, we're feeling a bit stretched as we've had so many one off expenses for the new house but did expect that so really is an emotional response rather than financial. Our discretionary spending has been at the expected level, no sudden splurging we didn't budget for. 

Daisy

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Re: Target FIRE: 2017
« Reply #1404 on: May 30, 2018, 08:42:30 PM »
It's 8 months of being FIREd for me.

I've used the line "on a sabbatical, or possibly early retirement if I can pull it off", and it has worked well for me.

I have no desire to enter the cubicle farm scene ever again.

I went paddling with some friends and they asked what I was up to. I mentioned the desire to never work for a big corporation again and that my dream job was to be a kayaking guide. Then one of them told me a local kayaking place was looking to hire. I sent an email and actually saw the owner at an event. So far I have not heard back but it does sound interesting. They are looking for kayaking guides for trips, some multi-day trips. That would be really cool to do.

I also applied to help at the science museum's summer camps. They have volunteer and paid positions. I did the phone interview and am waiting to hear back.

Other than that, I started FIRE with one long trip, and then another couple of smaller trips. Then I had two big ski trips but I had to cancel one due to a family emergency. I was able to go to the other one, then a new family emergency arose. Since that time, I've barely been home since I have been helping out the family. It has kind of changed my FIRE focus for now, but it is much easier to deal with these emergencies without having the full time job in the way. One of my reasons for FIRE was to be able to help out my elderly parents, and that happened sooner than I thought. Oh well, I am trying to do my best to have fun and balance that with my responsibilities. Being able to spend quality time with my parents at this stage is pretty great.

Cookie78

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Re: Target FIRE: 2017
« Reply #1405 on: May 30, 2018, 11:03:48 PM »
As a concession to nerves though a couple weeks ago, I applied for a position with a local company in my main career.  Within the hour of applying, I had an email from the HR recruiter setting up a phone interview; an hour later, the phone interview and the following Monday, a scheduled in office interview.  Come interview Monday, sitting in the lobby waiting, my heart is beating anxiously (it's been a decade since I've sat on this side of an interview) and my mind is racing (eeeeekk... who am I going to talk to?, how do I explain 9 months [YIKES! 9 MONTHS!] not working in this field?, what if this is a deal breaker?, has it really been 9 months already?).  Then I see a contact I have in the company.  After the general pleasantries, he offhandedly remarked that "I just don't want to be here today."  In that instant, I realized two things: I don't really care if I get this job and I really don't want to be here either.  A few minutes later, he left for lunch and the HR lady met me to escort me back to the office in the cube farm where I'd be meeting with the manager of the department.  During the walk, she asked how the weather was outside since "we can't tell from back here, though it looks really nice from the lobby."  My brain: Oh my god, what am I doing here?  that wasn't nerves in the lobby, that was your body revolting at the idea of returning to a cube farm!  I bombed that interview.  The nice HR lady sent me the official we're going with other candidates email at the end of last week.  What a relief!  Without a shadow of a doubt, I do NOT want to go back to what I was doing.

I love this!!



I'm coming up on 10 months FIRE (or FIRE imposter). It's been great so far with a 2 week canoe trip, 3 weeks in the South Pacific,  week in Maine, 2 weeks volunteering in Dominica, copious amounts of time spent with family, friends, and dogs, working on hobbies, building my boat, helping out family members, learning Spanish, leather working, fixing my houses and vehicle, and the next 2 week canoe trip is starting this weekend.

The only crappy parts involve dealing with my houses while I've been away. It's a crappy time to sell in my area so I haven't tried yet, but I really need to soon for the sake of my sanity. Tenants are interested in buying it, so hopefully that works out this summer. Technically I'm only on a leave of absence from work and I am due back Aug 13 (hence my FIRE imposter status). I definitely need to sell the rental house before I feel comfortable quitting permanently.

But lately I'm a little stressy financially. I had put aside 'enough' in a HISA for the year, but ended up spending more than I thought I would fixing up the houses. I'm getting on the low end of comfortable and I still have 3 months to go before I'll see another paycheck! I'd rather avoid needing to take anything out of investment accounts already. Also I don't think the stress is just financial. I have been listening to a bunch of podcasts and reading a bunch of books related to long term adventure travel (sailing, motorcycle around the world, month long treks, etc) and I'm sure it's causing stress due to my LACK OF FREEDOM compared to the people in these stories. Still more free than 95% of people, but my brain wants more! Can someone please tell me this is a normal part of decompression??

Anyway, back to work in August, hopefully sell the house shortly after, fire for good in the spring, sell the other house maybe that summer, then find another reason I'm not quite free (probably dogs).

MandyM

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Re: Target FIRE: 2017
« Reply #1406 on: May 31, 2018, 07:54:56 AM »
I'm 10 months in and definitely not looking for a return to office life. I did inquire with my previous boss about picking up contract work on a very specific project, but he more or less shot that down, at least for now. It would be ideal if I could shake that loose - its easy work that I liked doing while I was there and it would only be about 40 hours worth of work concentrated at the end of each quarter. Oh well, I don't absolutely need the money, but it would be nice to grab some off easy, fun work.

Since I've quit, I built a small retaining wall, paver patio, and integrated fire pit in my back yard. It turned out better than I expected:) Currently, I'm gearing up to gut my kitchen with a full re-do. I'm nervous and excited all at once. I've not attempted anything of this size or complexity before. I have some friends that are basically renovation experts and they will help immensely.

Like others, I've also become a regular at the gym. I'm not monitoring my weight, but I'm down one pant size so far. I love being able to take my time there, I rarely have somewhere I need to be right after.

When I first quit, I would temper how I presented that depending on my audience...sometimes I would use the word sabbatical, sometimes retirement, sometimes I would be more vague. Nowadays, I generally just say "I don't work" and leave it at that unless someone inquires further.

I would say my biggest surprise after I quit is how normal my life feels - from the very first Monday that I didn't head to work, nothing felt strange. There was never a nagging in the back of my mind about setting an alarm, missing a deadline, prepping for a meeting or all the million things that I used to have spinning in my head. I was so pleasantly surprised when those thoughts never came.


MrsWhipple

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Re: Target FIRE: 2017
« Reply #1407 on: May 31, 2018, 12:29:51 PM »
I've actually started missing what I used to do a while back (tutoring math), so much that I just applied at a tutoring place near me. The owner said he wasn't hiring at the time (makes sense, summer is always slow) but that he would probably have an opening for me in the fall. I might pick up a couple students on my own in the fall and see if I'd rather do it independently or for a company.

My husband is rocking the stay at home dad thing, and I kind of feel like I'm just not as good at parenting a toddler as he is. I love being with my baby, but she is VERY needy and I am such an introvert that it makes it difficult to stay "on" for hours and hours on end.

Also, gym 5 days a week. So much fun!

SachaFiscal

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Re: Target FIRE: 2017
« Reply #1408 on: June 03, 2018, 09:23:08 AM »
My greatest achievement has been my health.  I lost a little weight (8kg) and become a regular at the gym.  The achievement I'm most pleased about is that I stopped drinking alcohol entirely. It's been 173 days! 

Congratulations on the health improvements.  I reduced my drinking significantly but am still drinking socially. How do you navigate social events without drinking? Any tips?

The past couple of days I had a small panic as I'm approaching 1 year not working and am scared about losing the opportunity to go back to the same career I had.  I started thinking..."maybe I should just try and get a job and work for a while so I can keep up my skills".  It doesn't help that the market has been pretty flat.  I crave that old feeling of dumping a bunch of money into my Vanguard account every couple of weeks.  I started looking at jobs online and it made me nausious just doing that.  I really don't want to do that type of work anymore even if it is so lucrative.  Also I thought about how much better my life is now...no stress, cooking and eating healthy, exercising more regularly, finally playing music again, improved relationships.  It all adds up to a way better quality of life and that is priceless.  I just have to have confidence that my investments will ultimately grow.

MonkeyJenga

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Re: Target FIRE: 2017
« Reply #1409 on: June 03, 2018, 10:39:54 AM »
My greatest achievement has been my health.  I lost a little weight (8kg) and become a regular at the gym.  The achievement I'm most pleased about is that I stopped drinking alcohol entirely. It's been 173 days! 

Congratulations on the health improvements.  I reduced my drinking significantly but am still drinking socially. How do you navigate social events without drinking? Any tips?

I stopped drinking about four years ago. Social events are easy, assuming no issues with alcoholism - just don't drink. Get water or soda and talk to people. Are you worried about how you will be able to resist drinking, how you will explain it to other people, or something else?

I have found I have a better time when I don't drink. In the month before I quit my job and went traveling, I was at brunch with friends who kept pushing their unlimited mimosas at me. Decided to abandon my prohibition for my last month in the city. Party it up! That day ended with a lame date and an expensive cab, after all my friends went home early to pass out and/or vomit. The other few times I drank weren't worth it either.

SwordGuy

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Re: Target FIRE: 2017
« Reply #1410 on: June 03, 2018, 10:22:26 PM »
I reduced my drinking significantly but am still drinking socially. How do you navigate social events without drinking? Any tips?

How about just saying, "No, thank you."

I rarely have an alcoholic drink.  I don't apologize for it.  I don't explain it.   I drink what I damn well please, and thats all that matters to me.

It **really** can be that simple.

If you have "friends" who feel the need to cajole you into drinking lots of alcohol, just let them know you aren't interested in doing that anymore.

If that doesn't work, let them know more strongly.  And if that doesn't work, tell them to fuck off and mind their own damn business.  Or get better friends.  Real ones who care about you instead of how drunk you are.


DavidAnnArbor

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Re: Target FIRE: 2017
« Reply #1411 on: June 04, 2018, 08:23:38 PM »
My greatest achievement has been my health.  I lost a little weight (8kg) and become a regular at the gym.  The achievement I'm most pleased about is that I stopped drinking alcohol entirely. It's been 173 days! 

Congratulations on the health improvements.  I reduced my drinking significantly but am still drinking socially. How do you navigate social events without drinking? Any tips?

The past couple of days I had a small panic as I'm approaching 1 year not working and am scared about losing the opportunity to go back to the same career I had.  I started thinking..."maybe I should just try and get a job and work for a while so I can keep up my skills".  It doesn't help that the market has been pretty flat.  I crave that old feeling of dumping a bunch of money into my Vanguard account every couple of weeks.  I started looking at jobs online and it made me nausious just doing that.  I really don't want to do that type of work anymore even if it is so lucrative.  Also I thought about how much better my life is now...no stress, cooking and eating healthy, exercising more regularly, finally playing music again, improved relationships.  It all adds up to a way better quality of life and that is priceless.  I just have to have confidence that my investments will ultimately grow.

Maybe just get a part time fun job so that you make a little money, but not work too much, and that way you won't need your investments as much. It might give you some peace of mind

SachaFiscal

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Re: Target FIRE: 2017
« Reply #1412 on: June 05, 2018, 09:28:48 AM »
@SwordGuy and @MonkeyJenga I think I have a bit of social anxiety and I use drinking to alleviate that when I go out. It's not so much that friends are trying to get me to drink.  But I usually get a stomach ache later and feel a little down the next day. I end up eating more junk food when I drink. Plus it affects my ability to keep a consistent workout schedule.  I notice I feel better after not drinking for a few weeks, but then I forget and do it again.

@DavidAnnArbor I might try and look for something fun and flexible I could do (like Amazon delivery or walking dogs) to earn a little bit of money just to put into my Vanguard funds.

SwordGuy

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Re: Target FIRE: 2017
« Reply #1413 on: June 05, 2018, 10:02:19 AM »
@SachaFiscal ,  I totally get the social anxiety issue.   My wife tried quitting smoking countless times.  The biggest obstacle was she got anxious in public situations and the cigarettes gave her something to do with her hands.  Plus the act of taking a puff gave her more time to think about how to respond to what someone said.   

I don't have any "by gosh, this will sure work for you!" advice.   But if that's the root of the problem, then look for something more innocuous that will serve the same purpose.  Maybe a fidget spinner?   

Or just learn to embrace whatever non-alcoholic drink you choose as a substitute.  Tell everyone "I'm hitting the HARD stuff!" And then chug that Dr. Pepper or non-alcoholic beer.   No one who cares for you (or at least isn't a dick) will mind one whit.

Freedom17

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Re: Target FIRE: 2017
« Reply #1414 on: June 05, 2018, 10:22:44 AM »
@SwordGuy and @MonkeyJenga I think I have a bit of social anxiety and I use drinking to alleviate that when I go out. It's not so much that friends are trying to get me to drink.  But I usually get a stomach ache later and feel a little down the next day. I end up eating more junk food when I drink. Plus it affects my ability to keep a consistent workout schedule.  I notice I feel better after not drinking for a few weeks, but then I forget and do it again.

@DavidAnnArbor I might try and look for something fun and flexible I could do (like Amazon delivery or walking dogs) to earn a little bit of money just to put into my Vanguard funds.

I also get an upset stomach with certain drinks, especially beer and wine. However other things like scotch are quite fine, perhaps you could try other types of alcohol, or as others say just get rid of it completely.

DavidAnnArbor

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Re: Target FIRE: 2017
« Reply #1415 on: June 05, 2018, 03:19:13 PM »
I also have social anxiety

Kay-Ell

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Re: Target FIRE: 2017
« Reply #1416 on: June 29, 2018, 03:12:31 PM »
My favorite Entrepreneur has started a new business.  We got to talking, and now I'm working part time for him (for free, until he gets funding).  And I can't help but feel like I've un-retired, even though it's only part time and I'm not making anything.  I'm also pretty proud of myself, to be in a financial position where I can choose to work with someone who I find inspirational without worrying about the money piece.  I'm also thoroughly enjoying the work.  How awesome is it to be in this new chapter of freedom and self direction?


Threshkin

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Re: Target FIRE: 2017
« Reply #1417 on: June 29, 2018, 04:35:53 PM »
My favorite Entrepreneur has started a new business.  We got to talking, and now I'm working part time for him (for free, until he gets funding).  And I can't help but feel like I've un-retired, even though it's only part time and I'm not making anything.  I'm also pretty proud of myself, to be in a financial position where I can choose to work with someone who I find inspirational without worrying about the money piece.  I'm also thoroughly enjoying the work.  How awesome is it to be in this new chapter of freedom and self direction?

Love it.  See if you can get an equity position.

dividendman

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Re: Target FIRE: 2017
« Reply #1418 on: July 21, 2018, 11:38:40 AM »
I'm joining the ranks of the un-fired! I really can't believe it. I've been off for a year and it's been really good. Lost 30 pounds, did a bunch of travelling and had an overall amazing time.

On the finances everything has gone great this year, I spent a bit more than my target but also had a couple of windfalls and overall my networth went up without earning a wage.

But... this job kind of fell into my lap, it's right beside my house, pay is amazing and seems interesting.... also, if I don't like it I can just quit. My mindset as I was going into the interview was "let's just check this out and see, no harm in interviewing". But there was harm! Because now I'm back in the workforce!

I think that I've kind of forgotten how much I hate going into the office but we'll see how it goes.

SwordGuy

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Re: Target FIRE: 2017
« Reply #1419 on: July 21, 2018, 12:16:46 PM »
I'm joining the ranks of the un-fired! I really can't believe it. I've been off for a year and it's been really good. Lost 30 pounds, did a bunch of travelling and had an overall amazing time.

On the finances everything has gone great this year, I spent a bit more than my target but also had a couple of windfalls and overall my networth went up without earning a wage.

But... this job kind of fell into my lap, it's right beside my house, pay is amazing and seems interesting.... also, if I don't like it I can just quit. My mindset as I was going into the interview was "let's just check this out and see, no harm in interviewing". But there was harm! Because now I'm back in the workforce!

I think that I've kind of forgotten how much I hate going into the office but we'll see how it goes.


I've fallen and I can't let go of my paycheck!
                       -- Dividendman

bigchrisb

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Re: Target FIRE: 2017
« Reply #1420 on: July 21, 2018, 01:23:10 PM »
I'm also confessing that I'm somewhat in the world of the living.  Doing a little contracting/consulting back to my old company (if they treated people right, just maybe they wouldn't be in such a pickle staff wise).  However, at $2400 a day, I'm prepared to do a couple of days here and there.  Doesn't take a lot of hours to give a lot of beer money!

Kay-Ell

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Re: Target FIRE: 2017
« Reply #1421 on: July 21, 2018, 02:38:52 PM »
If it wasn't bad enough that I started working with/for my favorite entrepreneur - I just got a text last night (friday night) around 10pm from another former coworker asking if I could do some outside recruiting for her firm starting Monday!  It's fun for now, right?  I can quit whenever I want, right?

dividendman

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Re: Target FIRE: 2017
« Reply #1422 on: July 21, 2018, 03:08:30 PM »
I'm joining the ranks of the un-fired! I really can't believe it. I've been off for a year and it's been really good. Lost 30 pounds, did a bunch of travelling and had an overall amazing time.

On the finances everything has gone great this year, I spent a bit more than my target but also had a couple of windfalls and overall my networth went up without earning a wage.

But... this job kind of fell into my lap, it's right beside my house, pay is amazing and seems interesting.... also, if I don't like it I can just quit. My mindset as I was going into the interview was "let's just check this out and see, no harm in interviewing". But there was harm! Because now I'm back in the workforce!

I think that I've kind of forgotten how much I hate going into the office but we'll see how it goes.


I've fallen and I can't let go of my paycheck!
                       -- Dividendman

:(

I let go for a year! But they gave me an offer I couldn't refuse (godfather voice).

Also... it does look like the biggest risk to FIRE is getting optionally back into the workforce rather than running out of money (there are lots of threads dedicated to the running out of money, but not so many on how to resist the lure of the workforce).

MrsWhipple

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Re: Target FIRE: 2017
« Reply #1423 on: July 21, 2018, 04:08:05 PM »
Haha, I'm toying with the idea of going back to get my CFP license and maybe work part time as a financial planner. We're not going to do any crazy trips until the baby is old enough to remember them, and I need some more adult stimulation. Also have been offered two tutoring jobs that start in fall, so I might do a few hours here and there for fun since I love tutoring math so much.

Some people want to hang out with their babies 24/7 (my husband is one) but it's just not for me!

MandalayVA

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Re: Target FIRE: 2017
« Reply #1424 on: July 21, 2018, 04:45:23 PM »
Nearly fourteen months in for me.  As I'd threatened earlier I went to work briefly for the theme park with a wizard in it, but quickly realized it wasn't for me.  Now I Uber and do freelance writing a few hours a week for pocket money, basically when I feel like it.  I've also been toying with the idea of going back to school to finish my degree, if only to say "hey, I have a degree." Just having the possibilities without worrying about money is pretty awesome.

Cookie78

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Re: Target FIRE: 2017
« Reply #1425 on: July 21, 2018, 08:00:44 PM »
I'm also in the failed FIRE club. The year off was great and my net worth has gone up, but the real estate market is still shit and I didn't sell the rental house. I don't feel comfortable FIREing permanently while still owning (and paying mortgage on) two houses.

So I'm due back at work Aug 13. However, I'm really looking forward to it. Things have changed in my office including (hopefully and likely) my tasks. I'm going back to learn new stuff. New stuff that I'm very interested in and can directly apply to one of my volunteering gigs. I figure I'll go back for a year and hopefully by then I can sell a house or two.

dragoncar

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Re: Target FIRE: 2017
« Reply #1426 on: July 21, 2018, 11:32:07 PM »
Every day I don’t work divided my desire to work by two.

GD California bar is requiring that we refingerprint... seriously considering just going incactive status

MonkeyJenga

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Re: Target FIRE: 2017
« Reply #1427 on: July 22, 2018, 08:35:25 AM »
Hold the phone, the dragon fucking a car is a licensed attorney?

California, get your shit together.

Threshkin

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Re: Target FIRE: 2017
« Reply #1428 on: July 23, 2018, 11:43:45 AM »
Nearly 22 months in and still no desire to go back to back to work.  I do help my DW with her RE business but that is mainly driving her around and attending a few classes/meetings.  Not really "work" IMO.

NW is up >4% YTD as of the end of June.  So no worries on that front either.

dragoncar

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Re: Target FIRE: 2017
« Reply #1429 on: July 23, 2018, 12:56:06 PM »
Hold the phone, the dragon fucking a car is a licensed attorney?

California, get your shit together.

Dragonlaw is serious business.

MandyM

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Re: Target FIRE: 2017
« Reply #1430 on: July 26, 2018, 07:34:06 AM »
Today is my one year anniversary of not working. I have no desire to go back to work, although I would consider a short term contract (but would be very picky about what work I was willing to do). I've spent way more than budgeted, mostly due to some unforeseen house expenditures, but also because my social life is definitely improved. NW is up about 7% and I've always anticipated working again some day, so I'm not worried about it. I'm not worried about much these days :)

ks135ks

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Re: Target FIRE: 2017
« Reply #1431 on: August 02, 2018, 08:56:08 AM »
Congrats MandyM!   I've got 16 days until end of year one.  It's been a wild year.  Lots of ups and downs here with plenty of changes.  Can't wait to see what year 2 brings!

MKinVA

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Re: Target FIRE: 2017
« Reply #1432 on: August 02, 2018, 11:13:43 AM »
Retired 10 months and happy to be home. I don't miss it, still in touch with a lot of former co-workers. Best part is being able to sleep without worrying about the next day at work.

RedmondStash

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Re: Target FIRE: 2017
« Reply #1433 on: August 04, 2018, 12:41:48 PM »
Retired 9 months, starting to settle in. Hasn't been the easiest decompression period, plus I'm still figuring out how best to get myself out of the house and see human faces (besides spouse's) from time to time. I'm keeping my eyes open for paid contracts here and there so my brain can stretch its legs, but they aren't necessary.

One interesting thing about FIRE is that we're spending more $$ on some things, because we didn't have time to deal with it before. Clothes and shoes, kitchen implements because we're cooking more, used Nissan Leaf to get us into the EV world, exercise equipment, gardening supplies, stuff like that. It's all investment in the future and mostly one-off expenses, not a newly elevated lifestyle, but it still feels weird.

My main post-FIRE concern is the cost of health care after COBRA expires next year. We'll see what happens.

I still need to find more productive ways to spend my time, but I'm really enjoying the expansiveness, patience, and calm of not working. Life could be a lot worse. :)

dragoncar

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Re: Target FIRE: 2017
« Reply #1434 on: August 04, 2018, 03:57:28 PM »
Can’t believe it’s been 17 months!  Feels like “last year” still

Threshkin

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Re: Target FIRE: 2017
« Reply #1435 on: August 05, 2018, 01:27:53 PM »
Retired 9 months, starting to settle in. Hasn't been the easiest decompression period, plus I'm still figuring out how best to get myself out of the house and see human faces (besides spouse's) from time to time. I'm keeping my eyes open for paid contracts here and there so my brain can stretch its legs, but they aren't necessary.

One interesting thing about FIRE is that we're spending more $$ on some things, because we didn't have time to deal with it before. Clothes and shoes, kitchen implements because we're cooking more, used Nissan Leaf to get us into the EV world, exercise equipment, gardening supplies, stuff like that. It's all investment in the future and mostly one-off expenses, not a newly elevated lifestyle, but it still feels weird.

My main post-FIRE concern is the cost of health care after COBRA expires next year. We'll see what happens.

I still need to find more productive ways to spend my time, but I'm really enjoying the expansiveness, patience, and calm of not working. Life could be a lot worse. :)

I was also very worried about this but it would up being a blessing.  We went from ~$950/month for COBRA to $3.50 (yes $3.50) a month on a HDHP Kaiser Bronze plan after the subsidy.  Since health care was roughly 1/3 of our post-FIRE expenses, this had a major impact.

Note: You cannot drop COBRA early and get an ACA subsidy.  We had to wait for COBRA to expire and then sign up as a special enrollment.  Believe me, I checked this when I learned what our ACA plan was going to cost!

RedmondStash

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Re: Target FIRE: 2017
« Reply #1436 on: August 05, 2018, 04:17:27 PM »
Retired 9 months, starting to settle in. Hasn't been the easiest decompression period, plus I'm still figuring out how best to get myself out of the house and see human faces (besides spouse's) from time to time. I'm keeping my eyes open for paid contracts here and there so my brain can stretch its legs, but they aren't necessary.

One interesting thing about FIRE is that we're spending more $$ on some things, because we didn't have time to deal with it before. Clothes and shoes, kitchen implements because we're cooking more, used Nissan Leaf to get us into the EV world, exercise equipment, gardening supplies, stuff like that. It's all investment in the future and mostly one-off expenses, not a newly elevated lifestyle, but it still feels weird.

My main post-FIRE concern is the cost of health care after COBRA expires next year. We'll see what happens.

I still need to find more productive ways to spend my time, but I'm really enjoying the expansiveness, patience, and calm of not working. Life could be a lot worse. :)

I was also very worried about this but it would up being a blessing.  We went from ~$950/month for COBRA to $3.50 (yes $3.50) a month on a HDHP Kaiser Bronze plan after the subsidy.  Since health care was roughly 1/3 of our post-FIRE expenses, this had a major impact.

Note: You cannot drop COBRA early and get an ACA subsidy.  We had to wait for COBRA to expire and then sign up as a special enrollment.  Believe me, I checked this when I learned what our ACA plan was going to cost!

Interesting. I've been considering switching to Kaiser eventually, although that basically means I don't get to keep any of my current doctors. I worry about quality of care at HMOs, but my local friends have had positive experiences with Kaiser.

I actually don't want to give up COBRA early anyway; it's covering both spouse & me for vision & dental, and it keeps my health coverage consistent for now. But maybe the post-COBRA era doesn't have to be as gloomy or expensive as I thought.

Threshkin

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Re: Target FIRE: 2017
« Reply #1437 on: August 05, 2018, 04:31:52 PM »
Retired 9 months, starting to settle in. Hasn't been the easiest decompression period, plus I'm still figuring out how best to get myself out of the house and see human faces (besides spouse's) from time to time. I'm keeping my eyes open for paid contracts here and there so my brain can stretch its legs, but they aren't necessary.

One interesting thing about FIRE is that we're spending more $$ on some things, because we didn't have time to deal with it before. Clothes and shoes, kitchen implements because we're cooking more, used Nissan Leaf to get us into the EV world, exercise equipment, gardening supplies, stuff like that. It's all investment in the future and mostly one-off expenses, not a newly elevated lifestyle, but it still feels weird.

My main post-FIRE concern is the cost of health care after COBRA expires next year. We'll see what happens.

I still need to find more productive ways to spend my time, but I'm really enjoying the expansiveness, patience, and calm of not working. Life could be a lot worse. :)

I was also very worried about this but it would up being a blessing.  We went from ~$950/month for COBRA to $3.50 (yes $3.50) a month on a HDHP Kaiser Bronze plan after the subsidy.  Since health care was roughly 1/3 of our post-FIRE expenses, this had a major impact.

Note: You cannot drop COBRA early and get an ACA subsidy.  We had to wait for COBRA to expire and then sign up as a special enrollment.  Believe me, I checked this when I learned what our ACA plan was going to cost!

Interesting. I've been considering switching to Kaiser eventually, although that basically means I don't get to keep any of my current doctors. I worry about quality of care at HMOs, but my local friends have had positive experiences with Kaiser.

I actually don't want to give up COBRA early anyway; it's covering both spouse & me for vision & dental, and it keeps my health coverage consistent for now. But maybe the post-COBRA era doesn't have to be as gloomy or expensive as I thought.

It was the subsidy that made the difference.  Without it, the Kaiser plan would have been roughly the same cost as the COBRA plan.  So far we are happy with the care.

RedmondStash

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Re: Target FIRE: 2017
« Reply #1438 on: August 05, 2018, 11:12:56 PM »
Retired 9 months, starting to settle in. Hasn't been the easiest decompression period, plus I'm still figuring out how best to get myself out of the house and see human faces (besides spouse's) from time to time. I'm keeping my eyes open for paid contracts here and there so my brain can stretch its legs, but they aren't necessary.

One interesting thing about FIRE is that we're spending more $$ on some things, because we didn't have time to deal with it before. Clothes and shoes, kitchen implements because we're cooking more, used Nissan Leaf to get us into the EV world, exercise equipment, gardening supplies, stuff like that. It's all investment in the future and mostly one-off expenses, not a newly elevated lifestyle, but it still feels weird.

My main post-FIRE concern is the cost of health care after COBRA expires next year. We'll see what happens.

I still need to find more productive ways to spend my time, but I'm really enjoying the expansiveness, patience, and calm of not working. Life could be a lot worse. :)

I was also very worried about this but it would up being a blessing.  We went from ~$950/month for COBRA to $3.50 (yes $3.50) a month on a HDHP Kaiser Bronze plan after the subsidy.  Since health care was roughly 1/3 of our post-FIRE expenses, this had a major impact.

Note: You cannot drop COBRA early and get an ACA subsidy.  We had to wait for COBRA to expire and then sign up as a special enrollment.  Believe me, I checked this when I learned what our ACA plan was going to cost!

Interesting. I've been considering switching to Kaiser eventually, although that basically means I don't get to keep any of my current doctors. I worry about quality of care at HMOs, but my local friends have had positive experiences with Kaiser.

I actually don't want to give up COBRA early anyway; it's covering both spouse & me for vision & dental, and it keeps my health coverage consistent for now. But maybe the post-COBRA era doesn't have to be as gloomy or expensive as I thought.

It was the subsidy that made the difference.  Without it, the Kaiser plan would have been roughly the same cost as the COBRA plan.  So far we are happy with the care.

Good to know. Thanks.

lhamo

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Re: Target FIRE: 2017
« Reply #1439 on: August 06, 2018, 09:22:17 AM »
In case it helps, we recently switched our Apple Health plan over to Molina, which also has regular ACA plans available.  Their network seems to be much broader, with lots of specialists available.  They are also much lower cost than Premera, which is the only remaining BCBS program in WA.

RedmondStash

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Re: Target FIRE: 2017
« Reply #1440 on: August 06, 2018, 12:08:39 PM »
In case it helps, we recently switched our Apple Health plan over to Molina, which also has regular ACA plans available.  Their network seems to be much broader, with lots of specialists available.  They are also much lower cost than Premera, which is the only remaining BCBS program in WA.

Thanks. I've heard of Molina, but I don't know anything about them. I do know about Premera, though.


Goldielocks

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Re: Target FIRE: 2017
« Reply #1441 on: August 08, 2018, 01:48:21 PM »
1 Year of FIRE -
My Spending for the past 12 months.

I thought this would be a good place to post, not too many others around here, and most of you are in a similar place.  I officially FIRED in March 2018.  The goal was to NOT TOUCH the investments until they grow into gigantic mushrooms in future years.  Instead, we would work to pay for our monthly / annual costs as we go, and stop saving.  I had also presaved enough to completely be off work for 2 years, as I am trying to start my side business... and the intent was for the side hustle to eventually make up any difference needed.


Aug 2017  - Aug 2018

INCOME
Goldielocks salary, take home: $14,200
   Surprise extra work for old employer in December: $1200
   Work for part time instructor at college : $12,000 (6 classes taught, and I now get health benefits based on 2016's extra work pre-FIRE, it is starting to be worth it, now).
   My new business that I procrastinate about:  Income of about $1000, and all offset by various expenses, like licensing.. I need to get this going but I am crap about marketing so far.

DH Salary, take home:  $43k
   He recently returned to work and needs to get his 10 years of pension credits in to start getting decent payouts.  He likes work, and never works more than 40 hours, and it is only 6 miles from home.

Did not include any investment income as it is all re-invested.

EXPENSES:
In all, we spent $3k less than we earned/ brought in, in 2017/2018.   

We took a small vacation to Las Vegas (all vacations cost under $1.5k due to travel hacking, camping), took family fun days with teens, supported 2 teenagers, both living at home and sometimes expensive, have a large mortgage on our home, and DH and I have a date out at least 3 times per month (and he likes dinners out and $$).

I did stop insuring / driving one car to save money, and we reduced our term life insurance.

Part of me is cringing, as I am so used to putting more $$'s away net into long term savings.  Part of me is sad that the part time income on my part is less than I thought it would be.  ( I need to send the form to reduce the taxes I am paying, I am no longer in the 30% plus tax bracket for goodness sake).  BUT, I was surprised that NET, we are not spending the pre-savings like I thought.

Instead, what happened this year is that we added substantial amounts to DH's retirement funds, while draining a similar amount from the pre-savings pile of cash.   We did have a huge tax return, above normal, that helped net us out this year that I can't count on in future.   I also did not track or monitor expenses, other than trying to be wise about groceries.

Moving forward -- I will need to find more ways to cut expenses (as the mortgage and utilities continue to increase with rates), or earn more income to pay for all the fun things, if we don't touch the retirement stash.  I need to create a new budget for the next year, based on the spending in the last 6 months, one that includes savings for another car as ours is 13 years old and has a lot of undercarriage rust.. 


Doable --?  I hope so.

I hope all of you are having a similarly successful FIRE year.