Author Topic: Life shift...  (Read 2281 times)

TickInTime

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Life shift...
« on: March 20, 2014, 04:16:14 PM »
Hey All,

I am an infrequent poster but would love to hear the MMM community thoughts on my plan...  Obviously life likes to take its own course but we can lay out a rough sketch and modify as needed!

Current situation:

  • Working at a soul crushing commission based debt collections job making very decent money (2013 take home after 401k max was $75k)
  • GF is in education making pretax $50k (plus pension)
  • Living in the Philadelphia area (Southern New Jersey at the moment) and we are always looking for more nature and calmer people & places.  This area seemingly the people are very fast paced, keep up with the Jones, McMansions types.
  • Not sure if it matters but our combined net worth is approximately $113k with most of it being my 401k.  We could probably get that to $180k-$250k by May 2015.   Ages:  Low 30’s
  • For all intents and purposes I roughly calculate our yearly expenses at $32,000; which would leave us needing $800,000 using the 4% rule.
  • We do not own any property and can severe rent with no issues when needed.

The Future:

We are not satisfied with the area that we live in an and are considering the PNW (Bend, OR is currently on the radar as a match.)  We love hiking, bike riding, community events, local everything, gardening, music, etc.  I digress...  Before jumping 3,000 miles across the country we figured it would be a great time to hike the Appalachian Trail followed by a cross county road trip; before “settling down” and having kids (human and goats ;P)

I expect this hiking and driving adventure would cost approximately $15,000-20,000 (strictly guessing) and would take 6-8 months. We would then formally move, reenter the work force, while building a homestead (a <1,000sq.ft. house on 1+ acre) and eventually ease into retirement and a more self sufficient lifestyle.

tl;dr  Should we both quit our job, bounce around for a good part of a year, then move across the country?

Little Nell

  • 5 O'Clock Shadow
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Re: Life shift...
« Reply #1 on: March 20, 2014, 04:34:05 PM »
One thing you might consider before setting your heart on Bend is the (to my mind excellent) land use laws in Oregon. You can't just buy an acre of land and plunk a house on it. A one-acre legal building lot with all the services near Bend will probably not be cheap.

But it's a great area!

phred

  • Pencil Stache
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Re: Life shift...
« Reply #2 on: March 20, 2014, 06:06:22 PM »
I would first vacation in Bend OR to see if reality equals dreams.  Would forego AT for now and hike Pacific Crest Trail after checking out Bend

TickInTime

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Re: Life shift...
« Reply #3 on: March 20, 2014, 06:45:51 PM »
There will be much vacationing in Bend and all major towns in Oregon this year, PCT is a fabulous idea!!  Thanks!

MarciaB

  • Bristles
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  • Age: 59
  • Location: Oregon
Re: Life shift...
« Reply #4 on: March 20, 2014, 07:13:38 PM »
Sounds to me like you need to ditch the job and get one that you can live with. For a while anyway. While you build up a war chest (however much that needs to be) and do some recon in Bend and other areas.

Meanwhile, spend a couple of weeks this summer on the AT.