Author Topic: 2020 FIRE Cohort  (Read 119369 times)

Bateaux

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Re: 2020 FIRE Cohort
« Reply #550 on: October 12, 2018, 01:34:18 AM »
How much further does the market need to drop for you to get to the dreaded OMY or TMY!?!?

Could start a never ending chain reaction of 2019 bumping to 2020 etc.

I'm a OMY from 2019 to 2020 largely because there has been no recession. I'd like to see it right now.   I'm currently down 90K and the drop down is likely just getting started.   If need be I'll TMY to 2021.  The extreme is 2023.  I'll be 55 in 2023 and I'd say that's the last birthday I could claim early retirement.
Bateaux, I've seen you in the "double comma" threads, and I fail to see why you are THAT worried.  AFAIK your expenses month to month are not that bad.  You do have a slight cashflow issue (2 mortages or some such that I haven't researched)  at this very moment, which you could handwave away. 

Be careful what you wish for
Quote
I'd like to see it right now.
, as it would just make you Infinite More Years (IMY).

As I've not seen  Infinite More Years (IMY)  used yet, I'm copyrighting it  :-)
   

Definitely going to try and be done 2020.  We did recently get a mortgage on a Florida home.   Current home is paid off.  I'm freaking out a bit falling below the 2 million invested threshold.   That's my bottom where I'll seek employment post retirement.   Since I'm still working it's not a big deal.  Rechecking Mint, shows I'm now down 100k.  That's still a highly emotional level of funds to see evaporate.  I'd like to reach 2.5 million before quitting but could do with a bit less, just never below a 2 million balance, ever.
Hopefully getting on my bicycle for a short tour this weekend.   That and a campout will probably calm the nerves.  Thanks for the words.

2Birds1Stone

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Re: 2020 FIRE Cohort
« Reply #551 on: October 18, 2018, 04:26:11 PM »
Would LOVE to be able to join you guys and gals, sadly my realistic FIRE date is ~2027.

I could be considered FI by Dec 31 2020 if I moved to a 3rd world country -_-

Does that make me an honorary member?

I never thought this would actually manifest......but here we are, targeting June 1, 2020.....with the main plan being geographical arbitrage and slow travel =D

FIREby2021

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Re: 2020 FIRE Cohort
« Reply #552 on: November 05, 2018, 01:12:49 PM »
October 2018 highlights:

- Running a few days behind on our monthly update as we just returned from a vacation enjoying time with friends and the outdoors in our future FIRE location!

- October brought us all a touch of market volatility ... all things considered, this was a solid month - we met our savings goals, took the opportunity to allocate cash into the market, and had a great vacation! 

- October was good progress in the yoga and weight training department ... however, I probably more than offset my vacation hiking with vacation food & drink but oh well!  I'll do my monthly weigh-in later today, and I'm sure I've got another 5# or so by end of year to reach my goal.

- Still dealing with some emerging needs from my aging parents, and I will continue to pursue a remote work arrangement to temporarily support them.  If successful, this could possibly lead to a longer term remote arrangement that could 1) accelerate our move to our FIRE location and 2) pad the stash / retain healthcare benefits for an extra few years.  Definitely worth thinking about; we shall see what unfolds.  My primary near-term goal is to ensure my parents are supported and to come up with a more sustainable plan.

- Our ideal countdown target is now @ 17 months (WHAT!?!?).  Our old (original) target is now at 32 months.


EOY 2015: 56.2%
EOY 2016: 70.6%
EOY 2017: 78.6%

JAN 2018:  78.8%
FEB 2018:  77.3%
MAR 2018: 77.6%
APR 2018:  80.3%
MAY 2018:  81.9%
JUN 2018:  83.3%
JUL 2018:  83.9%
AUG 2018: 84.4%
SEP 2018:  86.5%
OCT 2018: 85.8%

FIREby2021

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Re: 2020 FIRE Cohort
« Reply #553 on: November 06, 2018, 05:36:49 AM »
My company signed a project that ends with a bang in April 2020.  Talked with my boss about if I stay (we've both been talking about leaving this year) I wanted to negotiate a layoff with my vacation paid out on May 1, 2020, she agreed!  Husband had been planning on April 1, 2020 since bonuses are paid at his company end of March.  He's getting cold feet, fingers crossed my offer to get another FTE job if our numbers don't work out will help him stay the course!

Freedomin5

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Re: 2020 FIRE Cohort
« Reply #554 on: November 06, 2018, 07:16:13 AM »
I have one foot in the 2019 thread and one foot in the 2020 thread. 2020 would be a nice comfortable fully funded cushiony FIRE. 2019 would be a “I hate my work and have completely burnt out FIRE”. We will know by early next year whether I’ll be able to make it to 2020, as part of it also depends on whether my work decides to renew my contract for another year.

Linda_Norway

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Re: 2020 FIRE Cohort
« Reply #555 on: November 06, 2018, 07:53:49 AM »
I have one foot in the 2019 thread and one foot in the 2020 thread. 2020 would be a nice comfortable fully funded cushiony FIRE. 2019 would be a “I hate my work and have completely burnt out FIRE”. We will know by early next year whether I’ll be able to make it to 2020, as part of it also depends on whether my work decides to renew my contract for another year.

There are more of us. I am also in both threads. I am pretty stressed from work and so is DH. So we would really want to FIRE in autumn 2019. But as we are depending on getting a good price for the clown house, we might have to OMY it if it doesn't work out.

2Birds1Stone

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Re: 2020 FIRE Cohort
« Reply #556 on: November 06, 2018, 09:46:07 AM »
I have one foot in the 2019 thread and one foot in the 2020 thread. 2020 would be a nice comfortable fully funded cushiony FIRE. 2019 would be a “I hate my work and have completely burnt out FIRE”. We will know by early next year whether I’ll be able to make it to 2020, as part of it also depends on whether my work decides to renew my contract for another year.
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