Moscyn
Full time employment: Posting here.
- Joined
- Mar 14, 2009
- Messages
- 728
Knowing I'll never get the right balance of stocks and bonds etc at any one period for optimal return, I have told myself before FIRE to have at least 2 things :-
1. excess cash as buffer i.e. if you think 1 million is the number for you, then make sure you have mcun more. How much more will be a balance of how much longer you want to work and how soundly you want to sleep after FIRE.
2. have at least 2 lifestyles you can accept after FIRE - one which is your ideal and the other which you can accept to downgrade to if the numbers don't work.
1. excess cash as buffer i.e. if you think 1 million is the number for you, then make sure you have mcun more. How much more will be a balance of how much longer you want to work and how soundly you want to sleep after FIRE.
2. have at least 2 lifestyles you can accept after FIRE - one which is your ideal and the other which you can accept to downgrade to if the numbers don't work.