Hi -- new member saying hello

[QMAN]

Just joined. I am 53 years old, married with two kids in college. Looking to be financially independent by time my kids are out of school (2012). Not clear yet as to whether I retire when I become financially independent, or semi-retire and do something that interests me in line with my personal interests, with money being a secondary consideration. While not an expert, in last ten years I have adopted many of the the principals outlined in the book "The millionaire next door", which I would strongly recommend as a frame of reference in trying to develop a personal financial plan for retirement. Look forward to trying to give good advise in forums. Also hope to make a few friends out there, that I can bounce ideas off, and look to for advise from time to time.

 

[Bestwifeever]

Welcome to the boards. I have found this a good place to "make a few friends, bounce ideas off, and look for advice." I learn things all the time that I didn't even know I wanted to learn

Looks like you will have a pleasant predicament in 2012, deciding what to do once you're financially independent. Yay!

 

[QMAN]

new member

Thank you for saying hello. As a new member, might I bother you with what might seem a stupid question -- what does FIRE and LBYM mean ? Thanks

 

[Bestwifeever]

Generally speaking, they mean:

LBYM: live below your means
FIRE: financially independent, retire early

Go here for more info--

http://www.early-retirement.org/for...slang-frequently-used-on-the-forum-34884.html

 

[crazy connie]

Welcome QMAN from an AZ neighbor.

FIRE Financial Independence Retired Early
LBYM Live Beneath Your Means

Both simple terms for your lifestyle now!

 

[QMAN]

thanks. Pretty obvious. not sure why I missed it.

Welcome QMAN from an AZ neighbor.

FIRE Financial Independence Retired Early
LBYM Live Beneath Your Means

Both simple terms for your lifestyle now!

 

[HFWR]

Welcome from a fellow Metroplexer!

 

[Midpack]

Welcome aboard, you've come to the right place IMO...

 

[walkinwood]

Welcome!

 

[Moemg]

Welcome ! This forum is loaded with Millionaire next door types !

 

[travelover]

Welcome.

I poked my head in 2 1/2 years ago and I'm still here.

You can learn about anything here, from investing to horse shoeing.