Author Topic: Race from 1MM to 500k left to accumulate for FIRE  (Read 2682 times)

boarder42

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Race from 1MM to 500k left to accumulate for FIRE
« on: April 04, 2017, 07:45:45 AM »
Figured we'd get a little less ambigous and focus on the whole package here not just racing to acquire wealth but racing towards how much you need left.  Someone else could start the lower ones if they fit those categories.

Date - 4/1/2017
Fire goal - 1.5MM
Current Invested Stash - 520k
Needed to reach FIRE - 980k

« Last Edit: April 05, 2017, 09:17:04 AM by boarder42 »

Cornel_Westside

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Re: Race from 1MM to 500k needed to FIRE
« Reply #1 on: April 04, 2017, 07:17:48 PM »
This just sounds like a race to spend 500k...

Greenway52

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Re: Race from 1MM to 500k needed to FIRE
« Reply #2 on: April 04, 2017, 09:08:17 PM »
This just sounds like a race to spend 500k...

Lol! That's what it sounded like to me as well. I've read the title multiple times, and it still sounds like a race to spend 500k.

Thought, I'm guessing for a Mustachian, it might be more difficult to spend 500k than save 500k, so this really is "throwing down the gauntlet".

boarder42

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Re: Race from 1MM to 500k needed to FIRE
« Reply #3 on: April 05, 2017, 07:27:38 AM »
it can be changed what would you recommend.  it should be quite clear reading the post thats not what it is.

Car Jack

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Re: Race from 1MM to 500k needed to FIRE
« Reply #4 on: April 05, 2017, 08:48:38 AM »

boarder42

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Re: Race from 1MM to 500k needed to FIRE
« Reply #5 on: April 05, 2017, 08:53:01 AM »
I think this thread fits your numbers:  https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-500k-to-1m!/

this thread isnt the same. 

That thread is a race to accumulate wealth.  This thread is a race to reach your FIRE goal.

RWD

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Re: Race from 1MM to 500k needed to FIRE
« Reply #6 on: April 05, 2017, 08:54:19 AM »
I interpreted the title as meaning you would reduce your spending such that you only needed $500k to FIRE instead of $1 million... (i.e. reduce expenses from $40k/year to $20k/year)

neo von retorch

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Re: Race from 1MM to 500k needed to FIRE
« Reply #7 on: April 05, 2017, 09:09:40 AM »
You could add "left", "remaining" or "still" to the title to enhance the clarity.

boarder42

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Re: Race from 1MM to 500k left to accumulate for FIRE
« Reply #8 on: April 05, 2017, 09:17:47 AM »
how about that?

The race from to 1MM and to 500k dont really include everyone.  just about anyone can join in a thread where you're racing downward. that was more my point.

neo von retorch

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Re: Race from 1MM to 500k left to accumulate for FIRE
« Reply #9 on: April 05, 2017, 09:24:50 AM »
If the title matches what you intend the thread for, then it's just right!

aceyou

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Re: Race from 1MM to 500k left to accumulate for FIRE
« Reply #10 on: April 12, 2017, 04:24:12 PM »
How about "Stache needs ____ to FIRE countdown" for a title. 

Normally, countdowns are for time, but you are doing it for stache needed to FIRE.  I think it's a great idea for a thread. 


 

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