Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Anyone nearing FIRE and obsessed?
Old 08-27-2013, 11:18 PM   #1
Dryer sheet aficionado
 
Join Date: Jun 2011
Posts: 36
Anyone nearing FIRE and obsessed?

Wife and I are 40 and may be able to FIRE in 2018 when our youngest graduates from high school. We talk about our FIRE plans/goals nearly weekly (especially Friday evenings with a glass of wine and frosty mug), and I can't find enough to read here and elsewhere...it's soooo close, yet so far...anyone else "obsessed" with FIRE? What's your favorite cure or motivation?
__________________

__________________
Retire44 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-28-2013, 05:57 AM   #2
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
One option is to finish off the whole bottle and/or case. The reality, I believe, is that many of us here on the forum have personal finance and FIRE as a hobby. We're split between "dreamers" such as yourself, retired - whether early or not and, like me, a "one more yearer." We can chat endlessly about asset allocations, safe withdrawl rates and numerous financial calculators.

My suggestion is to develop your plan but also live your life in the here and now. Don't obsess with the thoughts that life will suddenly be wonderful in 2018 but we'll live in miserly depravation until then.

As a "one more yearer," I have no need to really save anything but I still do. I do spend freely on international and domestic travel without worrying about the cost. I wonder how my psyche will respond to travel spending when my portfolio actually declines because of it. Now, it continuously increases with my savings except for market gyrations.

By the way, 2018 is not sooooo close. A lot can happen between now and then.
__________________

__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Old 08-28-2013, 06:10 AM   #3
Recycles dryer sheets
nvestysly's Avatar
 
Join Date: Feb 2007
Posts: 417
I don't have a cure. It's good that you and your spouse are both on the same page. My wife and I were/are too. Back in the day when we were nearing FI we found ourselves in the "just one more year" category so we could ensure the nest egg was sufficiently large. That went on year or two after our target (age 50 for me). It was finally a package offered by megacorp that got me to make the jump.

Be sure to plan for your retirement days. How will you fill the time, etc. It's been working out well for DW and me. That's not always the case. Figure out what will work for you... volunteering, travel, heading up a committee in your town, or just taking it easy. The recipe is different for everyone.

Somebody on this forum suggested I read The Joy Of Not Working, and How To Retire Happy, Wild, And Free by Ernie Zelinski. I'm currently reading the second of the two and it confirms I made the right decision. For somebody in your situation it may help you solidify your plans for FIRE.
__________________
Dreamin' of Streamin'
FIRE'd at 52 on 7/8/11
nvestysly is offline   Reply With Quote
Old 08-28-2013, 07:02 AM   #4
Recycles dryer sheets
 
Join Date: Oct 2012
Posts: 117
I'm stuck in the same mode. Have I covered all the bases? Can I make it until then at work? - also thinking 2018 is the year. Thinking, planning, worrying. Repeat as necessary.

No advice for you. Hopefully others can help all of us obsessed fanatics.
__________________
woodguy00 is offline   Reply With Quote
Old 08-28-2013, 09:29 AM   #5
Full time employment: Posting here.
ER Eddie's Avatar
 
Join Date: Mar 2013
Posts: 721
I went through a period where I was pretty obsessed about it. I read probably two dozen books about retirement in two months. After a while, the material got repetitive, and I stopped. Until you hit that wall, though, reading about retirement is a good way to make sure you're prepared.

I've got a year left to go. I have a countdown of the number of weeks left, on a whiteboard. At five years to go, you probably don't need to start a countdown yet, but when your date gets closer, a countdown calendar can give you a tangible feeling of progress.

Reading this forum can be a good way to pass the time and keep your mind on the goal.

To me, retirement is interesting because it is a chance to reinvent your life. I've heard over and over that the happiest retirees are those who prepare for retirement -- not merely financially, but psychologically.

It is ironic, but because I spent so much time trying to figure out what my "re-invented," future, retired self would look like, I ended up re-inventing my present self. Thinking about retirement led me to thinking about what REALLY mattered. It's the same as thinking about death, in a way, although a bit more cheerful.
__________________
ER Eddie is offline   Reply With Quote
Old 08-28-2013, 10:36 AM   #6
Recycles dryer sheets
chief04010's Avatar
 
Join Date: Dec 2012
Location: Tampa Bay
Posts: 64
I'm not obsessed, I sill have 4 years, 4 months and 2 days left. but whose counting and no I'm definitely not obsessed.
__________________
chief04010 is offline   Reply With Quote
Old 08-28-2013, 10:44 AM   #7
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 2,056
I'm a bit obsessed with it, although I try not to be. I feel like I'm in a bit of a limbo phase right now, for lack of a better word, because I probably could retire if I wanted to, but it would be a pretty bare-bones existence, and there would be a possibility, if things got tight, that I'd have to go back to work.

And because of that, I think it's affecting me at work, a bit. Just the fact of knowing that I could quit if I wanted to, and have a fairly good chance of making it, has made me less willing to put up with the bs and annoyance in the office. In fact, about 5 weeks ago I came pretty close to pulling the plug, so close in fact, that I tentatively joined the "Class of 2014".

But, now I'm thinking it'll be anywhere between now and 2020, when I turn 50. I know that's an awfully big range there, but I figure I'll do it when "it feels right"!

And yeah, try to live for today, and not wish the time away so 2018 gets here quicker. Trust me, it'll get here soon enough!
__________________
Andre1969 is offline   Reply With Quote
Old 08-28-2013, 01:24 PM   #8
Recycles dryer sheets
 
Join Date: May 2013
Location: Toronto
Posts: 189
I am also obsessed. Big time. For me it will be at least 2 more years. My early retirement plan involves selling my big-city house and moving to a smaller town, but I'm in the middle of orthodontics right now so I need to wait for that to finish before pulling the trigger. Once the ortho is done I'll probably not have the nerve, but we'll see.
__________________
Spudd is offline   Reply With Quote
Old 08-28-2013, 01:46 PM   #9
Recycles dryer sheets
 
Join Date: Oct 2007
Location: San Diego
Posts: 283
We were obsessed for a while. Then life happened and we lost two friends that were only 40, and decided to get out and live some more. Bought a new house in a neighborhood that we love, and took a few long desired vacations.

We've been obsessing more lately now that we both hate our jobs, but hopefully we can re-prioritize and start enjoying life a bit more.
__________________
Office Space
Bob Porter: Looks like you've been missing a lot of work lately.
Peter Gibbons: I wouldn't say I've been *missing* it, Bob.
meekie is offline   Reply With Quote
Old 08-28-2013, 02:00 PM   #10
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 8,817
Yep. I'm obsessed.
Like Andre1969, I'm borderline FI and could make it work if I quit now... but am hanging in there, for now. And like Andre, I almost gave notice about a month ago.

My retirement date is somewhere between now and September 2016... Depending on the market, savings, whether I can tolerate my job in the meantime. My tolerance of the job ebbs and flows... by how much my boss is micromanaging me and being a jerk. (He's good at being a jerk.) This week he's been in his office, and out of the lab - so this is a good week.

I need to start a week countdown for the Sept 2016 date - since that is my "hell or high water" date. Anything sooner is gravy.

158 weeks. Sweet.
__________________
rodi is offline   Reply With Quote
Old 08-28-2013, 02:08 PM   #11
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 367
Yeah, I've obsessed on and off for years. I too could make it work on what I have on a pretty low WR, but I plan on working for a few more years. I was off of w*rk for over a year and w*rked part time after that for several months, totaling about 2 years of no/limited w*rk. It was everything I thought it would be, so I feel I'm ready for it when I decide. I've been thinking/planning this for a long time (look at my join date), so yeah, obsessed is about right, though some weeks I'm more obsessed than others...
__________________
When you walk in the shadow of insanity, the presence of another mind that thinks and acts as yours does is something close to a blessed event. -Robert Pirsig, Zen and the Art of Motorcycle Maintenance
panhead is offline   Reply With Quote
Old 08-28-2013, 02:52 PM   #12
Recycles dryer sheets
 
Join Date: Feb 2013
Location: Boise
Posts: 184
I only think of FIRE seven days a week.

I think why it's been on my mind so much was knowing that we were darn close and could retire if forced to. I am willing to put up with B.S. at work for two to three more years in order to be 99.9% sure that neither my DW or I will ever have to work unless we wanted to. Being so close I will continue to obsess and read and learn from the 'experts' on this site and one day be able to tell you all that we are FIRE.
__________________
jcretire77 is offline   Reply With Quote
Old 08-28-2013, 03:49 PM   #13
Full time employment: Posting here.
 
Join Date: Jan 2006
Posts: 684
Quote:
Originally Posted by Retire44 View Post
Wife and I are 40 and may be able to FIRE in 2018 when our youngest graduates from high school. We talk about our FIRE plans/goals nearly weekly (especially Friday evenings with a glass of wine and frosty mug), and I can't find enough to read here and elsewhere...it's soooo close, yet so far...anyone else "obsessed" with FIRE? What's your favorite cure or motivation?
When I was five years out, I really sharpened my pencil in many ways. I tried a lot of different social opportunities as well. I started taking less risk after recovering from 2008 crash. And I made some big purchases prior to retiring like a new car and second home to establish new retirement expenses. Take a long trip if you like to travel to "practice" retirement. We did a couple of those. I also "interviewed" retirees, trying to find out which ones were the happiest, and why. Good luck! See you soon!
__________________
48Fire is offline   Reply With Quote
Old 08-28-2013, 04:08 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,869
In my last 12-18 months of working before ERing in late 2008, I was a bit obsessed with it. At work, I asked myself all the time, "Why am I still working here?" At home I constantly reviewed the ER worksheet I had developed to see if I had left anything out or could I add some feature to it. I also kept close track of the big bond fund I would be using to invest the proceeds of the sale of the company stock upon leaving my job.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is online now   Reply With Quote
Old 08-28-2013, 04:36 PM   #15
Thinks s/he gets paid by the post
martyb's Avatar
 
Join Date: Nov 2006
Location: Bossier City
Posts: 2,182
Yep, I'd say I'm obsessed. Retiring at the end of this year (Dec 2013). We're ready financially, not so sure about otherwise, but I'm closing my eyes & jumping in. Wife will continue to work another 2-3 yrs, then we'll pay off the mortgage (we're just now buying the house!). I don't really care whether it's the smartest thing to do money-wise, I'd just rather be mortgage free in retirement.
__________________
martyb is online now   Reply With Quote
Old 08-28-2013, 07:21 PM   #16
Thinks s/he gets paid by the post
 
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,575
I have been obsessed with FIRE for years.

Now that I only have 33 days to go (FIRE on 30 September), my obsession has shifted from getting out of the rat race to getting as much out of it as I can. Freedom's only valuable for the things you can do with it. First up: a low residency MFA in creative writing.
__________________
Budgeting is a skill practised by people who are bad at politics.
traineeinvestor is offline   Reply With Quote
Old 08-28-2013, 07:31 PM   #17
Thinks s/he gets paid by the post
timo2's Avatar
 
Join Date: Jul 2011
Location: Rio Rancho
Posts: 1,438
Quote:
Originally Posted by chief04010 View Post
I'm not obsessed, I sill have 4 years, 4 months and 2 days left. but whose counting and no I'm definitely not obsessed.
lol. I AM obsessed. I have the same time left, give or take a couple days, and it won't help when DW ERs at the end of next year. I need to chill out for a while, obviously.
__________________
"We live the lives we lead because of the thoughts we think" Michael O’Neill
timo2 is offline   Reply With Quote
Old 08-28-2013, 07:35 PM   #18
Dryer sheet aficionado
 
Join Date: Jun 2011
Posts: 36
I agree with so many of the comments! As a Type A personality and entrepreneur, I am very organized and a planner, but I also like to make a decision and get to work on it. It's probably good that we have a 13 year old at home as it only makes sense that I would continue to run my business until he graduates from high school. The next 4-5 years could/should provide us with a very nice buffer and get us to the point where we can make the decision to call it quits on my terms. I am trying to find more about the psychological aspects of preparing for and moving into FIRE as we have a good handle on the financial part. Thanks for all the great comments, soaking it all in!

Quote:
Originally Posted by nvestysly View Post
Somebody on this forum suggested I read The Joy Of Not Working, and How To Retire Happy, Wild, And Free by Ernie Zelinski. I'm currently reading the second of the two and it confirms I made the right decision. For somebody in your situation it may help you solidify your plans for FIRE.
I've read How to Retire Happy, Wild and Free. I greatly enjoyed the book as it looked more at the "what to do" in retirement and things to prepare for mentally, more so than the financial aspect. I'll look into The Joy of Not Working that you mentioned.

Quote:
Originally Posted by Andre1969 View Post
I'm a bit obsessed with it, although I try not to be. I feel like I'm in a bit of a limbo phase right now, for lack of a better word, because I probably could retire if I wanted to, but it would be a pretty bare-bones existence, and there would be a possibility, if things got tight, that I'd have to go back to work.

And because of that, I think it's affecting me at work, a bit. Just the fact of knowing that I could quit if I wanted to, and have a fairly good chance of making it, has made me less willing to put up with the bs and annoyance in the office.

And yeah, try to live for today, and not wish the time away so 2018 gets here quicker. Trust me, it'll get here soon enough!
I know what you mean! Wife and I could probably pull the plug now, but with an 8th grader at home, it makes sense and should provide a nice buffer by continuing as is until he graduates high school. I do catch my self tempted to put work on cruise control and coasting to the finish line.

Wife and I are excited for that opportunity to re-invent our lives as for the last 18 years we've been tied to my business, our kids & their activities and we are excited to clear the calendar and begin to fill it with more of what energizes us!
__________________
Retire44 is offline   Reply With Quote
Old 08-28-2013, 08:44 PM   #19
Full time employment: Posting here.
martyp's Avatar
 
Join Date: Sep 2010
Location: Bangkok
Posts: 963
I was never obsessed. I never planned for retirement. One day I started to look into FIRE and 30 days later I made the decision. 5 months later I left the j*b. The last 5 months of working did not involve obsession. It was mostly torture at still being on the j*b
__________________
Happy, Wild, and Free
martyp is offline   Reply With Quote
Old 08-29-2013, 10:49 AM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 5,326
I have a related obsession. For me it is not so much ER, but minimal and sustainable living, slow travel in desirable locations and financial independence. W are trying free up more time for experiences and less time on paying for and caring for stuff.

For us working and taking career oriented classes keeps our brains engaged. We have hobby jobs now and if that ever failed I have a list of a zillion other flexible, low stress careers / businesses I'd like to try.

I spend a lot of time thinking about how to develop more passive income streams and ways to cut recurring costs. I collect ideas on those topics now, instead of actual collectibles.

We are slowly but surely digging ourselves out of the big house and yard in the suburbs, long hours megacorp job lifestyle.
__________________

__________________
daylatedollarshort is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 04:06 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.