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Another FIRE wannabe
Old 06-11-2012, 07:14 AM   #1
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Another FIRE wannabe

Hi, I've been lurking on this board for years. Every so often I see a topic that I'd like to chime in on, but I haven't introduced myself yet, so let's get it out of the way!

I'm a 34 year old male living in NYC, net worth around $850K, and comfortable with my finances and investments. My FIRE goal range is about 1.2-1.5 million... admittedly on the low end for this forum, but I feel filthy rich whenever I visit the Midwest so with ObamaCare it could happen For the moment my job is tolerable, and I'm not hellbent on retiring by a specific date, so I feel like I'm in a good place.

I haven't mentioned my domestic partner yet - we've been together almost a decade, and we keep our finances separate. I will likely hit FI some 15 years before him. It's a long story... when we met, his income and assets were higher, but he took some career risks to find a job he liked better and got hit badly by the 2008 recession. On the bright side, early retirement was never a goal for him, and he enjoys his job now, so it's working out for us.

Anyway, I love reading these forums. There's so much media brainwashing people to work these days, but this is about the only place I know where you can post about quitting your job and you'll be applauded for it! I look forward to interacting more with the wise people here.

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Old 06-11-2012, 07:56 AM   #2
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Welcome to the boards. You'll love the Midwest .

Go Cubs
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Old 06-11-2012, 08:10 AM   #3
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Welcome aboard. I would have liked to live in NYC or a world-class city during my adult years, but it's not going to happen now, my career always took me near large cities but never close enough to live in one. I'm about an hour out of Chicago now and I've lived about half my life in the Midwest. The COL is nice but there are advantages and disadvantages to any city or state IMHO. Best of luck, may not take that long to get from $850K from $1.2-1.5M and FI.
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 06-11-2012, 08:18 AM   #4
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Welcome and good luck - you are not that far away. But is your partner tied to NYC for his job? That could put a hold on the midwest.
Every man is, or hopes to be, an Idler. -- Samuel Johnson
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Old 06-11-2012, 10:55 AM   #5
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Hi, popcorn, and welcome to the Early Retirement Forum!

You are SO right about the lower cost of living in the Midwest, especially in small towns. But then, if your partner plans to keep working for another 15 years in NYC, then I assume you plan to stay in NYC during that time. If so, the difference in cost of living will not be much help.

Either way you are making great progress towards your ER goal.
"You can never cross the ocean until you have the courage to lose sight of the shore." - - - C. Columbus
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