Author Topic: 2018 FIRE cohort  (Read 281461 times)

edgema

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Re: 2018 FIRE cohort
« Reply #850 on: December 12, 2017, 03:00:45 AM »
Gimesalot - Your comment of earning well but that you 'don't do much at work (about 4 hours a week), but the requirement of being here 40-hours' made me chuckle as I am in exactly the same situation. I am also scared shitless about leaving my job (purely financially and not for any other reason). I also work a 4-day week. I don't know how you feel but reading about people with jobs contributing to poor health / stress / long hours almost makes me feel I should do OMY as I will never make money this easily again. Given your own admission of earning $750 an hour (on a 4-hour work-week) combined with killing time for 36 hours a week, then you are unlikely to either. For me it is more of a psychological challenge of boredom - but there are worse things. You also have a 3-day weekend to enjoy and still get a lot out of your current life.   

Obviously don't know your position but for me I am not going to beat myself up if I OMY and will decide early next year. I am 41 and will still be retiring very early if it is 42 and I don't think the 50 year old me will beat himself up that he has only been retired 8 years and not 9. My situation also points to more conservatism. When I leave my job it is almost certainly a one-way ticket. Furthermore I have no interest in side-hustles, matched betting, taking minimum wage jobs, monetizing a blog, self publishing books, making craft soaps or otherwise making money. Without doubt the best way for me to make money is to stay put in the highly paid seat I am relatively unstressed in right now. I have this idea of 'exchange rate' where I consider how many hours I would need to spend doing something else for one hours earning in my current job and this is usually 10-hours. I cannot think of any money making thing I would be happier doing for 10x as long.

Most of all I don't want to stress about money.


I don't think it is necessarily catastrophizing (good word) to be scared and I find some of the overconfidence sometimes displayed in this forum as more frightening. Don't let a more puritanical view of MMM make you feel bad for wanting more of a buffer as you are already winning.

All that said, I am in fear of the 'perpetual-OMY' and to counter this I have written to the March 2019 'me' and told him that enough is enough - it is time to FIRE......





Mr Mark

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Re: 2018 FIRE cohort
« Reply #851 on: December 12, 2017, 04:14:36 AM »

Looks like it's going to be between Gimesalot and me.  He/she says 1/5, I say 1/6.  I think both of us are targeting 1/5 as our last day at work, but I'm technically on the payroll through Saturday, 1/6.

Actually, since I work 4-10's it looks like my last day will be on 1/4, on payroll through 1/6.  I haven't given notice yet even though I was planning to give it last Thursday.  I have said it before, but I am scared shit-less of giving up my job.  I make good money, $150k/year, and don't do much at work (about 4 hours a week), but the requirement of being here 40-hours a week just no longer suits my temperament.

 It's funny how OMY is real.  I used to read all the posts about people who OMY-ed and I thought they were nuts!  Now, I am at the point and I am considering it as well.  Lucky for me, my husband has already resigned from a job that is driving him crazy, so I have no choice.

yeah, OMY is super real. Experiencing it myself pretty bad these past few days...

My boss' boss yet again asked me if I would please consider staying on (they know I want to go next year but have still not identified a replacement). DW is quite content here (we're overseas) and has a nice life. Our child is in a good private school, paid by company. Job isn't too onerous. Crunched some numbers and OMY would likely net increase the 'stache about +$150k compared to pulling the plug as planned in mid 2018. Maybe more.

Yeah, it's a pretty good gig here, and that's some serious lettuce...

So right now I'm torn. At 54, I'm not as young as some of you. I was feeling good about the leap, but the siren call of OMY is strong.





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aperture

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Re: 2018 FIRE cohort
« Reply #852 on: December 12, 2017, 06:47:54 AM »
So right now I'm torn. At 54, I'm not as young as some of you. I was feeling good about the leap, but the siren call of OMY is strong.

As I wrote here earlier this fall, the guy in the office next to me had a stroke at his desk and died.  That took all the fear out of FIRE for me.  There are so many things I would rather do with my life than sit and look at a screen.  In the same way that frugality is a double win for FIRE (increase savings and decrease COL), sitting OMY at my desk feels like a double loss: worsens my health by immobility, and kills my will for more active, healthy living. I get the sense that I am erasing life from both ends at the desk.  Best wishes, aperture.
Able was I, ere I saw Elba.

Aegishjalmur

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Re: 2018 FIRE cohort
« Reply #853 on: December 12, 2017, 07:51:09 AM »
This year was OMY for DW and me. At this point, we're ready to go.
Plans are useless. Planning is indispensable.

Gimesalot

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Re: 2018 FIRE cohort
« Reply #854 on: December 12, 2017, 08:32:00 AM »

What is it that you find so scary?  And is it real, or are you catastrophizing in a subconscious attempt to scare yourself out of doing something that is outside your comfort zone?


I grew up in a poor immigrant family where the goal for the kids was to get a professional job, buy a house, get married, have kids, etc.  My parents are super financially conservative and have always pushed me to have two jobs "just in case".  They think we are crazy for taking this leap.  I know we have a lot of buffer in our plans and we could make it work, but still, it's a huge unknown, and for me, unknowns are always scary.

For me it is more of a psychological challenge of boredom - but there are worse things. 

When I had my own office, I would just close the door and work on other projects.  Now that i am in a cube, I at least need to look like I am working on my computer at all times.  I still sneak in some workouts and stretching, but I am mostly sitting looking at a screen.

Anyway, a lot of this discussion is a moot point, as I gave my notice yesterday. I will be FIRE on Jan 4, 2018 less an a month before my 34th birthday.  Best birthday present ever!

Retire-Canada

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Re: 2018 FIRE cohort
« Reply #855 on: December 12, 2017, 08:44:57 AM »
So right now I'm torn. At 54, I'm not as young as some of you. I was feeling good about the leap, but the siren call of OMY is strong.

I'm 48 and I am very aware of serious opportunity cost for each additional year of work before FIRE. If I was close to 4%WR I'd pull the plug today.

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #856 on: December 12, 2017, 09:40:12 AM »

What is it that you find so scary?  And is it real, or are you catastrophizing in a subconscious attempt to scare yourself out of doing something that is outside your comfort zone?


I grew up in a poor immigrant family where the goal for the kids was to get a professional job, buy a house, get married, have kids, etc.  My parents are super financially conservative and have always pushed me to have two jobs "just in case".  They think we are crazy for taking this leap.  I know we have a lot of buffer in our plans and we could make it work, but still, it's a huge unknown, and for me, unknowns are always scary.

For me it is more of a psychological challenge of boredom - but there are worse things. 

When I had my own office, I would just close the door and work on other projects.  Now that i am in a cube, I at least need to look like I am working on my computer at all times.  I still sneak in some workouts and stretching, but I am mostly sitting looking at a screen.

Anyway, a lot of this discussion is a moot point, as I gave my notice yesterday. I will be FIRE on Jan 4, 2018 less an a month before my 34th birthday.  Best birthday present ever!

Wow- congrats! That is an amazing birthday present. :-) I can totally relate to the parent/job security issue. It's something my parents really drilled in, and the "work hard" mantra was a core part of life. Given I don't really share the specifics of stache size, I think I've caused some angst with my family with our plans.

Gimesalot

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Re: 2018 FIRE cohort
« Reply #857 on: December 12, 2017, 11:55:21 AM »

Wow- congrats! That is an amazing birthday present. :-) I can totally relate to the parent/job security issue. It's something my parents really drilled in, and the "work hard" mantra was a core part of life. Given I don't really share the specifics of stache size, I think I've caused some angst with my family with our plans.

Thanks.  It's been a lot of hard work and planning.

 My parents don't know my stache size because they would worry it is too small.  They think that I waste too much money (which to an extent is true), but we also save a lot, invest, and we live well below our means.

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #858 on: December 12, 2017, 06:47:17 PM »
Anyway, a lot of this discussion is a moot point, as I gave my notice yesterday. I will be FIRE on Jan 4, 2018 less an a month before my 34th birthday.  Best birthday present ever!

Congratulations!
Took that job and shoved it - January 6, 2018

Retire-Canada

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Re: 2018 FIRE cohort
« Reply #859 on: December 12, 2017, 06:50:15 PM »
Anyway, a lot of this discussion is a moot point, as I gave my notice yesterday. I will be FIRE on Jan 4, 2018 less an a month before my 34th birthday.  Best birthday present ever!

Wow! You are my hero!

Fresh Bread

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Re: 2018 FIRE cohort
« Reply #860 on: December 12, 2017, 06:52:39 PM »
Anyway, a lot of this discussion is a moot point, as I gave my notice yesterday. I will be FIRE on Jan 4, 2018 less an a month before my 34th birthday.  Best birthday present ever!

Wow! You are my hero!

+1. Retiring at 34 is outstanding work!

happy

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Re: 2018 FIRE cohort
« Reply #861 on: December 13, 2017, 04:05:54 AM »
Yes, outstanding work G, and I can see it might be hard to walk away given your parents expectations and your upbringing.
Journalling at Happy Aussie Downshifter

Vegasgirl

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Re: 2018 FIRE cohort
« Reply #862 on: December 13, 2017, 07:37:05 AM »
Congrats G!!!!

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #863 on: December 13, 2017, 09:32:13 AM »
I have not updated the list for the last month.

Welcome to the cohort step_away, poppydog & msilenus.

LateStarter was moved to December.

Removed Zinethstache as he has done a OLY on us [1/27/2017]  :-)

Did I miss any?


01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/??/18  FIBy30
01/31/18  MomCPA
01/??/18  NorGirl
01/15/18  PizzaSteve
01/??/18  PrePube
02/01/18  DTaggart
02/28/18  brooklynguy
03/16/18  Cherry Lane
03/30/18  sol
03/31/18  Caoineag (at 36)
03/31/18  homestead neohio
03/31/18  Mrbeardedbigbucks
03/31/18  ZiziPB (at 50)
03/31/18  DavidAnnArbor (at 52) (Won't renew my office lease)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  MiserlyMiser
03/??/18  Acastus
04/20/18  NinetyFour
04/27/18  poppydog and DW
04/??/18  Aegishjalmur (At 35)
04/??/18  Calvin
04/??/18  FernFree
04/??/18  Gooki
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy (at 60)
05/08/18  SwordGuy DW (SwordGuy isn't saying.   He wants to live.)
05/??/18  Alim Nassor
05/??/18  msilenus
05/04/18  wordnerd and DH (at 30 and 36)
05/04/18  step_away
05/15/18  Markbike528CBX (at 53.5)
~06/01/18 Honeyfill  (at 60)
06/15/18  DavisGang90 (at 49)
06/25/18  MaybeBabyMustache (at 42)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/30/18  TartanTallulah
06/??/18  Cheddar Stacker
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Fresh Bread
~07/??/18 SnidelyWhiplashStache
08/01/18  SugarMountain
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  RunningWithScissors
10/05/18  JumboShrimp
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/21/18  LateStarter
12/01/18  Vegasgirl (at 49)
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian
??/??/18  pecunia
??/??/18  FLStache

« Last Edit: December 13, 2017, 09:45:22 AM by CowboyAndIndian »

TartanTallulah

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Re: 2018 FIRE cohort
« Reply #864 on: December 13, 2017, 01:38:38 PM »
I was going to say, "Move me from June to September," but my colleagues are currently doing as little as they can get away with and I'm not averse to the idea of ruining their summer vacation plans by retiring just beforehand, so June can remain.



CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #865 on: December 13, 2017, 04:42:45 PM »
Looking at the names of those scheduled to FIRE in Jan 2018, I see some of them are not updated

FIBy30 : Inactive for 3 months.
PrePube: Inactive for 8 months
NorGirl: I've PM'ed her

What to do? Remove them after Jan starts? Move them to the end of the list?

sol

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Re: 2018 FIRE cohort
« Reply #866 on: December 13, 2017, 04:53:33 PM »
Looking at the names of those scheduled to FIRE in Jan 2018, I see some of them are not updated

FIBy30 : Inactive for 3 months.
PrePube: Inactive for 8 months
NorGirl: I've PM'ed her

What to do? Remove them after Jan starts? Move them to the end of the list?

Leave them in and see if they show up at the appointed time?
sol will be totally offline for most of June 2018.  You cannot reach me.  You will not hear from me.  I am not dead, just away from civilization.

Gimesalot

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Re: 2018 FIRE cohort
« Reply #867 on: December 13, 2017, 05:06:36 PM »
Thanks for all the adulation!


I am super excited to see all of us hit our goals for next year!

Northern gal

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Re: 2018 FIRE cohort
« Reply #868 on: December 13, 2017, 06:35:06 PM »
Congrats to everyone!

Looking at the names of those scheduled to FIRE in Jan 2018, I see some of them are not updated

NorGirl: I've PM'ed her

What to do? Remove them after Jan starts? Move them to the end of the list?

Sadly, I'm out.

Life has thrown a bit of a curve ball (divorce). I will leave work next Friday (22/12/2017) and still expect to take a few years off, but calling that semi-FIRE doesn't feel right anymore (single mum with 2 under 2).

I would like to say this forum has really helped keep me on track and put me in a pretty good spot financially so thanks everyone.
« Last Edit: December 13, 2017, 06:48:04 PM by Northern gal »

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #869 on: December 13, 2017, 06:58:11 PM »
Congrats to everyone!

Looking at the names of those scheduled to FIRE in Jan 2018, I see some of them are not updated

NorGirl: I've PM'ed her

What to do? Remove them after Jan starts? Move them to the end of the list?

Sadly, I'm out.

Life has thrown a bit of a curve ball (divorce). I will leave work next Friday (22/12/2017) and still expect to take a few years off, but calling that semi-FIRE doesn't feel right anymore (single mum with 2 under 2).

I would like to say this forum has really helped keep me on track and put me in a pretty good spot financially so thanks everyone.

I'm really sorry to hear that. Take care of yourself & your family.

Fresh Bread

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Re: 2018 FIRE cohort
« Reply #870 on: December 13, 2017, 07:14:54 PM »
Sorry to hear that Norgirl, good luck with everything.

davisgang90

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Re: 2018 FIRE cohort
« Reply #871 on: December 14, 2017, 02:52:09 AM »
I hit six months to my date tomorrow...
Retired 15 June 2018

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #872 on: December 14, 2017, 06:50:53 AM »
Sorry to see you go NorGirl, best of luck.


01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/15/18  PizzaSteve
01/31/18  MomCPA
01/??/18  FIBy30
01/??/18  PrePube
02/01/18  DTaggart
02/28/18  brooklynguy
03/16/18  Cherry Lane
03/30/18  sol
03/31/18  Caoineag (at 36)
03/31/18  homestead neohio
03/31/18  Mrbeardedbigbucks
03/31/18  ZiziPB (at 50)
03/31/18  DavidAnnArbor (at 52) (Won't renew my office lease)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  MiserlyMiser
03/??/18  Acastus
04/20/18  NinetyFour
04/27/18  poppydog and DW
04/??/18  Aegishjalmur (At 35)
04/??/18  Calvin
04/??/18  FernFree
04/??/18  Gooki
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy (at 60)
05/08/18  SwordGuy DW (SwordGuy isn't saying.   He wants to live.)
05/??/18  Alim Nassor
05/??/18  msilenus
05/04/18  wordnerd and DH (at 30 and 36)
05/04/18  step_away
05/15/18  Markbike528CBX (at 53.5)
~06/01/18 Honeyfill  (at 60)
06/15/18  DavisGang90 (at 49)
06/25/18  MaybeBabyMustache (at 42)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/30/18  TartanTallulah
06/??/18  Cheddar Stacker
06/??/18  dbtx
06/??/18  Omalley
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Fresh Bread
~07/??/18 SnidelyWhiplashStache
08/01/18  SugarMountain
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  RunningWithScissors
10/05/18  JumboShrimp
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/21/18  LateStarter
12/01/18  Vegasgirl (at 49)
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian
??/??/18  pecunia
??/??/18  FLStache

« Last Edit: December 14, 2017, 01:33:35 PM by CowboyAndIndian »

Gimesalot

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Re: 2018 FIRE cohort
« Reply #873 on: December 14, 2017, 09:49:34 AM »
Sadly, I'm out.

Life has thrown a bit of a curve ball (divorce). I will leave work next Friday (22/12/2017) and still expect to take a few years off, but calling that semi-FIRE doesn't feel right anymore (single mum with 2 under 2).

I would like to say this forum has really helped keep me on track and put me in a pretty good spot financially so thanks everyone.

It's too bad that you have to leave.  Hopefully it all works out for the best for you and your family.  Don't forget to take care of yourself.

DavidAnnArbor

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Re: 2018 FIRE cohort
« Reply #874 on: December 15, 2017, 07:52:45 AM »
Sorry to hear about the troubles you're encountering Northern Gal, it has to be a very difficult time.

NinetyFour

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Re: 2018 FIRE cohort
« Reply #875 on: December 15, 2017, 08:23:36 AM »
Hang in there, Northern gal.  I hope you continue to check in on the forum from time to time to let us know how you are and to get support here from your friends.  :)

sol

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Re: 2018 FIRE cohort
« Reply #876 on: December 15, 2017, 08:59:57 AM »
Sadly, I'm out.

Life has thrown a bit of a curve ball (divorce).

As terrible as this news is to hear, I think it's probably helpful for the rest of us to hear.  As much as we obsess about the failure rates of our chosen SWRs, there are lots of other ways your retirement plans can fail and Norgirl found one of the most common. 

I think most of us are pretty bad at gauging risks.  We tend to focus on the wrong things.  For all of you worried about North Korea or what the federal reserve will do next quarter, it's probably good to be reminded that there are other, more immediate, more threatening risks to your future financial prosperity.  Sometimes they are risks in places we take for granted.
sol will be totally offline for most of June 2018.  You cannot reach me.  You will not hear from me.  I am not dead, just away from civilization.

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #877 on: December 15, 2017, 11:36:49 AM »
I was just informed that my contract would not be renewed beyond the end of the year.

I was dead set on FIRE'ing before DS went off to college in August and so, I had marked the end of June 2018 as my FIRE date. As I have been FI for a couple of years, I had made up my mind to FIRE if my contract was not renewed.

Technically, my last day of work is Dec 29th, but I strongly identify with the 2018 cohort, that I plan to make my FIRE date as 1/1/2018 ;-)

I have mixed emotions,  happy but also scared. I expect this is normal.

Wish me luck ....


01/01/18  CowboyAndIndian (at 59) CONFIRMED
01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/15/18  PizzaSteve
01/31/18  MomCPA
01/??/18  FIBy30
01/??/18  PrePube
02/01/18  DTaggart
02/28/18  brooklynguy
03/16/18  Cherry Lane
03/30/18  sol
03/31/18  Caoineag (at 36)
03/31/18  homestead neohio
03/31/18  Mrbeardedbigbucks
03/31/18  ZiziPB (at 50)
03/31/18  DavidAnnArbor (at 52) (Won't renew my office lease)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  MiserlyMiser
03/??/18  Acastus
04/20/18  NinetyFour
04/27/18  poppydog and DW
04/??/18  Aegishjalmur (At 35)
04/??/18  Calvin
04/??/18  FernFree
04/??/18  Gooki
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy (at 60)
05/08/18  SwordGuy DW (SwordGuy isn't saying.   He wants to live.)
05/??/18  Alim Nassor
05/??/18  msilenus
05/04/18  wordnerd and DH (at 30 and 36)
05/04/18  step_away
05/15/18  Markbike528CBX (at 53.5)
~06/01/18 Honeyfill  (at 60)
06/15/18  DavisGang90 (at 49)
06/25/18  MaybeBabyMustache (at 42)
06/29/18  aperture
06/30/18  TartanTallulah
06/??/18  Cheddar Stacker
06/??/18  dbtx
06/??/18  Omalley
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Fresh Bread
~07/??/18 SnidelyWhiplashStache
08/01/18  SugarMountain
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  RunningWithScissors
10/05/18  JumboShrimp
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/21/18  LateStarter
12/01/18  Vegasgirl (at 49)
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian
??/??/18  pecunia
??/??/18  FLStache

Caoineag

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Re: 2018 FIRE cohort
« Reply #878 on: December 15, 2017, 12:04:19 PM »
Best of luck and Congrats!!! :)

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #879 on: December 15, 2017, 12:09:41 PM »
I was just informed that my contract would not be renewed beyond the end of the year.

I was dead set on FIRE'ing before DS went off to college in August and so, I had marked the end of June 2018 as my FIRE date. As I have been FI for a couple of years, I had made up my mind to FIRE if my contract was not renewed.

Technically, my last day of work is Dec 29th, but I strongly identify with the 2018 cohort, that I plan to make my FIRE date as 1/1/2018 ;-)

I have mixed emotions,  happy but also scared. I expect this is normal.

Wish me luck ....


Amazing! Congrats. :-)

lostformars

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Re: 2018 FIRE cohort
« Reply #880 on: December 15, 2017, 01:04:58 PM »
Sign me up for April 2018.

I've been lurking around the forum for a while. It has been encouraging to read about other people's experiences. My FI goal is a little uncertain given the uncertainty of health care premiums and a stagnant housing market (still down 35% from purchase in 2006). But, based on my current FIRE budget I hit my goal (4% WR) mid 2016. Right now my FIRE budget would put me at about 3.5% WR.

I've got some bonuses that hit in Jan and Feb. and I want to give plenty of notice for my company to find a replacement. But, the closer it gets the harder it becomes to drag myself in to the office every day. On the other hand, I like my job and the people I work with. I just don't want to do it every day. I'm also planning to move closer to family post-FIRE.

Hopefully I can stick it out until at least March. And, hopefully I don't get trapped past May.

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #881 on: December 15, 2017, 02:07:17 PM »
Sign me up for April 2018.

I've been lurking around the forum for a while. It has been encouraging to read about other people's experiences. My FI goal is a little uncertain given the uncertainty of health care premiums and a stagnant housing market (still down 35% from purchase in 2006). But, based on my current FIRE budget I hit my goal (4% WR) mid 2016. Right now my FIRE budget would put me at about 3.5% WR.

I've got some bonuses that hit in Jan and Feb. and I want to give plenty of notice for my company to find a replacement. But, the closer it gets the harder it becomes to drag myself in to the office every day. On the other hand, I like my job and the people I work with. I just don't want to do it every day. I'm also planning to move closer to family post-FIRE.

Hopefully I can stick it out until at least March. And, hopefully I don't get trapped past May.

Welcome!

happy

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Re: 2018 FIRE cohort
« Reply #882 on: December 15, 2017, 02:10:51 PM »
I was just informed that my contract would not be renewed beyond the end of the year.

I was dead set on FIRE'ing before DS went off to college in August and so, I had marked the end of June 2018 as my FIRE date. As I have been FI for a couple of years, I had made up my mind to FIRE if my contract was not renewed.

Technically, my last day of work is Dec 29th, but I strongly identify with the 2018 cohort, that I plan to make my FIRE date as 1/1/2018 ;-)

I have mixed emotions,  happy but also scared. I expect this is normal.

Wish me luck ....


Amazing! Congrats. :-)

woo hoo! You've just about done it! Best wishes for the New year
Journalling at Happy Aussie Downshifter

Gimesalot

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Re: 2018 FIRE cohort
« Reply #883 on: December 15, 2017, 02:26:04 PM »
I was just informed that my contract would not be renewed beyond the end of the year.

Technically, my last day of work is Dec 29th, but I strongly identify with the 2018 cohort, that I plan to make my FIRE date as 1/1/2018 ;-)

I have mixed emotions,  happy but also scared. I expect this is normal.

Wish me luck ....

Great news!  I think this makes you our valedictorian!

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #884 on: December 15, 2017, 02:47:19 PM »
I was just informed that my contract would not be renewed beyond the end of the year.

Technically, my last day of work is Dec 29th, but I strongly identify with the 2018 cohort, that I plan to make my FIRE date as 1/1/2018 ;-)

I have mixed emotions,  happy but also scared. I expect this is normal.

Wish me luck ....

Great news!  I think this makes you our valedictorian!
I think I stole that from you!!

Cherry Lane

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Re: 2018 FIRE cohort
« Reply #885 on: December 15, 2017, 09:14:18 PM »
Doing some FIRE checklist items. 

Yesterday I updated my TSP contribution elections so I can max out the $18,500 limit by my FIRE date.  I tried to do HSA, too, but I have to wait another week or so for that.  That system reacts quicker than the other, so I would have over-contributed for 2017 if I'd done that election at the same time as the TSP.  Made a note in my calendar to try again next week.

Updated some accounts today and found I reached my FI number.  With 91 days to spare! 



Aegishjalmur

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Re: 2018 FIRE cohort
« Reply #886 on: December 16, 2017, 09:51:58 AM »
I am very glad that the end is in sight. Even if not FIREing in 2018, I think it would be time for a career field change. I have no real way to advance in my current position/field. Does anyone else have dreams about work that are so boring they wake you up?
Plans are useless. Planning is indispensable.

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #887 on: December 16, 2017, 10:19:24 AM »
I was just informed that my contract would not be renewed beyond the end of the year.

I was dead set on FIRE'ing before DS went off to college in August and so, I had marked the end of June 2018 as my FIRE date. As I have been FI for a couple of years, I had made up my mind to FIRE if my contract was not renewed.

Technically, my last day of work is Dec 29th, but I strongly identify with the 2018 cohort, that I plan to make my FIRE date as 1/1/2018 ;-)

I have mixed emotions,  happy but also scared. I expect this is normal.

Wish me luck ....

Congrats on being first out of the gate!
Took that job and shoved it - January 6, 2018

Mr Mark

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Re: 2018 FIRE cohort
« Reply #888 on: December 16, 2017, 10:25:08 PM »

Looks like it's going to be between Gimesalot and me.  He/she says 1/5, I say 1/6.  I think both of us are targeting 1/5 as our last day at work, but I'm technically on the payroll through Saturday, 1/6.

Actually, since I work 4-10's it looks like my last day will be on 1/4, on payroll through 1/6.  I haven't given notice yet even though I was planning to give it last Thursday.  I have said it before, but I am scared shit-less of giving up my job.  I make good money, $150k/year, and don't do much at work (about 4 hours a week), but the requirement of being here 40-hours a week just no longer suits my temperament.

 It's funny how OMY is real.  I used to read all the posts about people who OMY-ed and I thought they were nuts!  Now, I am at the point and I am considering it as well.  Lucky for me, my husband has already resigned from a job that is driving him crazy, so I have no choice.

yeah, OMY is super real. Experiencing it myself pretty bad these past few days...

My boss' boss yet again asked me if I would please consider staying on (they know I want to go next year but have still not identified a replacement). DW is quite content here (we're overseas) and has a nice life. Our child is in a good private school, paid by company. Job isn't too onerous. Crunched some numbers and OMY would likely net increase the 'stache about +$150k compared to pulling the plug as planned in mid 2018. Maybe more.

Yeah, it's a pretty good gig here, and that's some serious lettuce...

So right now I'm torn. At 54, I'm not as young as some of you. I was feeling good about the leap, but the siren call of OMY is strong.

Spent the weekend going over pros and cons of sticking to plan or doing OMY. DW said she's ok either way but notes that it's a lot of money for a year in a pretty nice location.

Most everyone points out that the location is great and to just take the money. Which is true. And naturally our friends don't want us to leave.

But decided no. It's time to make the leap and deploy the optimism gun.

I gave DW a choice to select between 2 pieces of paper, she picked one and it read "go home". Naturally both pieces said the same thing. And she confessed she didn't really want to stay after all. Whew.

So keep me on the list for August. I think having the forum's support really helped me make the decision. So thanks team MMM!!!
« Last Edit: December 16, 2017, 10:26:59 PM by Mr Mark »
Mr. Mark

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Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #889 on: December 17, 2017, 04:22:59 AM »

Looks like it's going to be between Gimesalot and me.  He/she says 1/5, I say 1/6.  I think both of us are targeting 1/5 as our last day at work, but I'm technically on the payroll through Saturday, 1/6.

Actually, since I work 4-10's it looks like my last day will be on 1/4, on payroll through 1/6.  I haven't given notice yet even though I was planning to give it last Thursday.  I have said it before, but I am scared shit-less of giving up my job.  I make good money, $150k/year, and don't do much at work (about 4 hours a week), but the requirement of being here 40-hours a week just no longer suits my temperament.

 It's funny how OMY is real.  I used to read all the posts about people who OMY-ed and I thought they were nuts!  Now, I am at the point and I am considering it as well.  Lucky for me, my husband has already resigned from a job that is driving him crazy, so I have no choice.

yeah, OMY is super real. Experiencing it myself pretty bad these past few days...

My boss' boss yet again asked me if I would please consider staying on (they know I want to go next year but have still not identified a replacement). DW is quite content here (we're overseas) and has a nice life. Our child is in a good private school, paid by company. Job isn't too onerous. Crunched some numbers and OMY would likely net increase the 'stache about +$150k compared to pulling the plug as planned in mid 2018. Maybe more.

Yeah, it's a pretty good gig here, and that's some serious lettuce...

So right now I'm torn. At 54, I'm not as young as some of you. I was feeling good about the leap, but the siren call of OMY is strong.

Spent the weekend going over pros and cons of sticking to plan or doing OMY. DW said she's ok either way but notes that it's a lot of money for a year in a pretty nice location.

Most everyone points out that the location is great and to just take the money. Which is true. And naturally our friends don't want us to leave.

But decided no. It's time to make the leap and deploy the optimism gun.

I gave DW a choice to select between 2 pieces of paper, she picked one and it read "go home". Naturally both pieces said the same thing. And she confessed she didn't really want to stay after all. Whew.

So keep me on the list for August. I think having the forum's support really helped me make the decision. So thanks team MMM!!!

Congrats on finding the way forward.
Took that job and shoved it - January 6, 2018

Mr Mark

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Re: 2018 FIRE cohort
« Reply #890 on: December 17, 2017, 05:43:17 AM »
^^^ cheers Monkey Uncle.

Felt really good to make the decision. Told my boss this morning. There's no turning back.

Time to get on with some pre-FIRE actions before the end of the tax year.
Mr. Mark

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Gyosho

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Re: 2018 FIRE cohort
« Reply #891 on: December 17, 2017, 08:22:31 AM »
Add me to the list! I am planning on May 25, 2018, as my last day in the office. I will have 6-8 weeks of vacation to take after that (depending on how much I take in the first part of the year).

I was thinking about retiring in 2017, but did not feel ready. I'm glad I stayed at work this year; it gave me the opportunity to save more money and enjoy the huge stock market gains.

Last week, though, one of my co-workers died at 56 (I will be 56 in June 2018) - very sad! a very nice person! - and another co-worker got laid off unexpectedly. The financial situation at work is very bad, I am predicting more layoffs. Also my work is just no fun any more. I am ready to leave.

Yay!

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #892 on: December 17, 2017, 08:39:29 AM »
As I prepping my 2018 spreadsheets, I was very excited to create two separate versions - while working, and after working. For us, a couple of the budget items are different while I'm working. (Most notably, child care). So, felt good to see the "not working" version!

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #893 on: December 17, 2017, 08:54:12 AM »
Thank you, everyone, for the great wishes.

I will be at the finish line cheering your finish!

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #894 on: December 17, 2017, 08:58:39 AM »
Welcome to the cohort, lostformars, and Gyosho


01/01/18  CowboyAndIndian (at 59) CONFIRMED
01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/15/18  PizzaSteve
01/31/18  MomCPA
01/??/18  FIBy30
01/??/18  PrePube
02/01/18  DTaggart
02/28/18  brooklynguy
03/16/18  Cherry Lane
03/30/18  sol
03/31/18  Caoineag (at 36)
03/31/18  homestead neohio
03/31/18  Mrbeardedbigbucks
03/31/18  ZiziPB (at 50)
03/31/18  DavidAnnArbor (at 52) (Won't renew my office lease)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  MiserlyMiser
03/??/18  Acastus
04/20/18  NinetyFour
04/27/18  poppydog and DW
04/??/18  Aegishjalmur (At 35)
04/??/18  Calvin
04/??/18  FernFree
04/??/18  Gooki
04/??/18  lostformars
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy (at 60)
05/08/18  SwordGuy DW (SwordGuy isn't saying.   He wants to live.)
05/04/18  wordnerd and DH (at 30 and 36)
05/04/18  step_away
05/15/18  Markbike528CBX (at 53.5)
05/25/18  Gyosho
05/??/18  Alim Nassor
05/??/18  msilenus
~06/01/18 Honeyfill  (at 60)
06/15/18  DavisGang90 (at 49)
06/25/18  MaybeBabyMustache (at 42)
06/29/18  aperture
06/30/18  TartanTallulah
06/??/18  Cheddar Stacker
06/??/18  dbtx
06/??/18  Omalley
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Fresh Bread
~07/??/18 SnidelyWhiplashStache
08/01/18  SugarMountain
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  RunningWithScissors
10/05/18  JumboShrimp
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/21/18  LateStarter
12/01/18  Vegasgirl (at 49)
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian
??/??/18  pecunia
??/??/18  FLStache


DavidAnnArbor

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Re: 2018 FIRE cohort
« Reply #895 on: December 17, 2017, 09:06:29 AM »
Mr. Mark where is home going to be ?

Aegishjalmur

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Re: 2018 FIRE cohort
« Reply #896 on: December 17, 2017, 09:57:34 AM »




Last week, though, one of my co-workers died at 56 (I will be 56 in June 2018) - very sad!

This. We all get caught up in the financial aspects of it, but sometimes you just need to take a step back and remember 'This is my life.'   Sometimes good enough is better than perfect. I have a finite amount of time and I would prefer to spend it doing things I enjoy than having my soul crushed in beigy-grey office hell to eck out a few more dollars for 'what ifs'.
Plans are useless. Planning is indispensable.

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #897 on: December 17, 2017, 10:00:13 AM »




Last week, though, one of my co-workers died at 56 (I will be 56 in June 2018) - very sad!

This. We all get caught up in the financial aspects of it, but sometimes you just need to take a step back and remember 'This is my life.'   Sometimes good enough is better than perfect. I have a finite amount of time and I would prefer to spend it doing things I enjoy than having my soul crushed in beigy-grey office hell to eck out a few more dollars for 'what ifs'.

God, yes. Need to keep telling myself this & reminding myself as I get closer & keep thinking, "what about if I worked another two years. What could that afford?" It's so hard not to do this.

Mr Mark

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Re: 2018 FIRE cohort
« Reply #898 on: December 17, 2017, 10:17:54 AM »
Mr. Mark where is home going to be ?

Detroit.
Mr. Mark

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DavidAnnArbor

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Re: 2018 FIRE cohort
« Reply #899 on: December 18, 2017, 07:05:37 AM »
Mr. Mark where is home going to be ?

Detroit.

I love those old homes in Indian Village and West Village.