planning101
Dryer sheet wannabe
- Joined
- Oct 19, 2005
- Messages
- 11
Hi y'all! First of all, I think this site has given newbies like myself plenty of guidance and help regarding some of your personal life stories on achieving FIRE. I too wish to be FI and find something more interesting and fun than what I'm currently doing. Since I'm posting in this public forum, all comments are welcome, but please be gentle...?
So, here are our financial info:
Me: 27 yo, engineer (wishing of quiting every other day)
DH: 28 yo, engineer
No debts, no mortgage, renting apartment, no kids (yet... 5-year plan)
Assets: $350k
45% in overseas equities (2005: 5% dividend, ~7% increase in paper value)
25% in cash (for future real estate / self-employed business if/when opportunity arises)
(~3% interest)
17% DH's 401k (~10% increase)
13% my 457 Plan (~8% increase)
No plans to withdraw anything yet for 10-20 years in order to achieve a 6 figure amount. We will continue to LBOM and maybe not oversave but instead spend a little bit more..? I have been labeled cheapskate numerous times.
What I really feel like doing is to quit my monotonous job, take a few months leave, learn a foreign language in a foreign place. BUT.... I don't know what to do after all that. Of course, I could live off DH's income (currently, we are spending about 1/2 of his income).... But DH doesn't want me to slack off and wither away my 'self-esteem' (while he's working hard). Sigh.... So, I have started polishing my resume, and asking customers (from my moonlighting waitressing but fun job) for any leads. Keep telling myself that having a cut in paycheck is alright (yeah.. right); and, as long as the work is fun and may lead to something bigger, I am ok with it.
There are times when I just want to fly and not worry where to land. Sadly, I am the cautious and responsible type.
So, here are our financial info:
Me: 27 yo, engineer (wishing of quiting every other day)
DH: 28 yo, engineer
No debts, no mortgage, renting apartment, no kids (yet... 5-year plan)
Assets: $350k
45% in overseas equities (2005: 5% dividend, ~7% increase in paper value)
25% in cash (for future real estate / self-employed business if/when opportunity arises)
(~3% interest)
17% DH's 401k (~10% increase)
13% my 457 Plan (~8% increase)
No plans to withdraw anything yet for 10-20 years in order to achieve a 6 figure amount. We will continue to LBOM and maybe not oversave but instead spend a little bit more..? I have been labeled cheapskate numerous times.
What I really feel like doing is to quit my monotonous job, take a few months leave, learn a foreign language in a foreign place. BUT.... I don't know what to do after all that. Of course, I could live off DH's income (currently, we are spending about 1/2 of his income).... But DH doesn't want me to slack off and wither away my 'self-esteem' (while he's working hard). Sigh.... So, I have started polishing my resume, and asking customers (from my moonlighting waitressing but fun job) for any leads. Keep telling myself that having a cut in paycheck is alright (yeah.. right); and, as long as the work is fun and may lead to something bigger, I am ok with it.
There are times when I just want to fly and not worry where to land. Sadly, I am the cautious and responsible type.