Hi,
I have saved and invested and even track my monthly spending categories ('your money or your life'). Still I find I am in a spending trap(s) due to family/friends/me.
Financials:
Single
House, paid off, $425k (thinking of selling or renting)
3 plex, ($350k equity), nets $15k annually
Job, $48k, low pay but with pension and very good benefits. Still I want to leave this job in early 2017 if I can force myself to just quit.
IRAs, $175k
Cash, $25k
Anchors:
50% ownership (my side is paid off) in a family cabin, $70k equity (little expense except for some time for maintenance here and there)
2005 Toyo 4 runner. I actually use it to pull a utility trailer about 1x a week. Not sure I really need it but is paid off I do use in the mountains
2005 bigfoot 24ft rv. paid off and plan on rv trips (have done many) in US/Canada/Mexico) after FI
Boat. Purchased with brother and now don't really use but due to being family I just keep my 50% share going. Costs about $2500 a year to do this.
Does anyone have any advice on pushing myself over the edge to FI? It feels like I should be there but I feel like I'm making excuses (spending/lifestyle/afraid) to take the next step?
Thank you,
Alan