Ok, I'm on this bandwagon with an early July 2017 target.
I'm 34. I'm Australian, so all in $AUD. Based on last 3 years expenses have averaged about $50k, which makes for a 2.7% SWR from my portfolio. Why haven't I jumped already?
- Lots of changes. About to get married. Plan on having kids. Recently diagnosed with some nasty health issues. Means I'm not confident what my expenses going forward are
- High pay. At the moment I'm managing about a 75% savings rate - each extra year adds 3 years safety. I'm not convinced that if I left I'd be able to come back on the same income. Better to do one year now than risk three years later.
- The need to deleverage. I have used investment debt (margin loans and property investment loans) in my accumulation phase. I've got about $1m in debt against a $~3m portfolio. I'm comfortable having this debt while I'm on a high income. I'm not so comfortable having it without a big income. I'd like to get this debt ratio down a bit before pulling the pin.
- Opportunity. My soon to be wife is being posted overseas for three years starting in July 2017. That means our accommodation OS will be paid for. It also gives a plausible reason if I decide RE isn't for me - I can tell my network that I took a three year sabbatical to accompany my spouse overseas.
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noble_goal OMY