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Old 10-27-2009, 12:22 PM   #1
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Hi -- new member saying hello

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.
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Old 10-27-2009, 12:32 PM   #2
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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!
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Old 10-27-2009, 12:35 PM   #3
Confused about dryer sheets
 
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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
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Old 10-27-2009, 12:44 PM   #4
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Generally speaking, they mean:

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

Go here for more info--

* Acronyms and Slang Frequently Used on the Forum *
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Old 10-27-2009, 12:46 PM   #5
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Welcome QMAN from an AZ neighbor.

FIRE Financial Independence Retired Early
LBYM Live Beneath Your Means

Both simple terms for your lifestyle now!
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Old 10-27-2009, 12:50 PM   #6
Confused about dryer sheets
 
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thanks. Pretty obvious. not sure why I missed it.

Quote:
Originally Posted by crazy connie View Post
Welcome QMAN from an AZ neighbor.

FIRE Financial Independence Retired Early
LBYM Live Beneath Your Means

Both simple terms for your lifestyle now!
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Old 10-27-2009, 12:57 PM   #7
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Welcome from a fellow Metroplexer!
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Old 10-27-2009, 05:19 PM   #8
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Welcome aboard, you've come to the right place IMO...
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Old 10-27-2009, 06:40 PM   #9
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Welcome!
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Old 10-27-2009, 08:24 PM   #10
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Welcome ! This forum is loaded with Millionaire next door types !
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Old 10-28-2009, 08:03 AM   #11
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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.
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