Author Topic: Fire by June 2019  (Read 1076 times)

jtriplett

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Fire by June 2019
« on: June 25, 2017, 09:56:47 PM »
I've done the calculations.  I can FIRE by June of 2019 if I stay on course.  With the equity I'm earning in my company by continuing to be an outstanding employee, I can get to $2M in assets by June 2019, assuming of course that I keep living frugally and stay focused on the end goal.  With that I can escape HCOL San Francisco, and get back to the East coast where houses are much more reasonably priced, buy a fixer with cash, and me and my fiancee can get married, have kids, and be completely out of the rat race.

Yea, I know, $2M sounds like a astronomically high number for some of you, perhaps because I've lived in SF for 7 years, my numbers a totally skewed, but that's the number I feel secure at.  I want to have money to buy a modest house near the center of Carrboro, or Chapel Hill, NC, walkable/bikable areas, and after that house still have enough investments left over to FIRE on. 

Why June 2019, it's all about vesting schedule and diminishing returns.  I'm still getting paid a lot of equity, and I figure at 2 years I will have gotten the majority of it, and while I could stay probably indefinitely, I like definite.  Plus me and my fiancee are both 35 so we want to start a family soon. 

I thought I would share my 2 year goal, maybe make it feel more real to me. 

Cossack

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Re: Fire by June 2019
« Reply #1 on: June 25, 2017, 10:42:07 PM »
Well done. Thems some good goals.

2019 isn't that far away, so it will be exciting to have a countdown like that, I guess. I just decided one day to FIRE, so it was a bit of an anti climax.

jtriplett

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Re: Fire by June 2019
« Reply #2 on: June 26, 2017, 08:52:38 AM »
Cossack,

Do the planning and see if you can come up with a date.  It's amazing to actually have a target in mind, it's extremely focusing. 

CryingInThePool

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Re: Fire by June 2019
« Reply #3 on: June 26, 2017, 11:42:14 AM »
June 2019 is also my target date with some vesting logic applied;   a bit of gauntlet for me to clear as well in that I've been prone to OMY syndrome.  So I'll both join you and cheer you on!

I'm working on my glide path funding for the first few years now which once I pull the trigger will make that date a lot more real.  Not that I still couldn't succumb to OMY but i think it will be less likely once my CD ladder is in place.  Though your biological clock is also pretty strong motivator.

Make sure to visit https://forum.mrmoneymustache.com/welcome-to-the-forum/2019-fire-cohort
which while a bit on the quiet side now I expect to starting picking up the closer we get.

Bateaux

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Re: Fire by June 2019
« Reply #4 on: June 29, 2017, 06:35:13 AM »
June 2019 is my date and 2M invested.  Only need to continue our current contributions and maintain a 5% return on investments for the goal.  If the market tanks then OMY till it recovers.