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09-09-2008, 09:10 PM
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#21
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,866
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Thanks!
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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12-22-2009, 10:00 PM
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#22
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,866
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Odometer number today in actual net worth.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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01-03-2010, 09:18 PM
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#23
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,866
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Withdrawal rate less than 100%. I know in post #9 above I wrote about being below 20%; I have changed my spreadsheet around several times since then so not really an apples-to-apples comparison.
Nominal FI is under age 45 also (44.94 at the moment).
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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01-04-2010, 12:37 AM
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#24
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Full time employment: Posting here.
Join Date: Jul 2007
Posts: 678
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OK, now I am thoroughly confused. From the last post I figured you had a really old car -- the more ancient the better. Now your withdrawal/expenses must be through the roof??
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01-04-2010, 08:14 AM
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#25
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,866
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"Odometer number" is what I call it when the net worth number rolls past $X00,000.00.
If I retired today, my withdrawal rate would be 99.89%. I'm waiting for it to drop to less than 4% before declaring myself FI.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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01-04-2010, 09:32 AM
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#26
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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This is a tweet.
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01-04-2010, 02:46 PM
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#27
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,506
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Congratulations SecondCor! This is quite a milestone. Hopefully, it will be like a snowball rolling downhill from here on.
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03-11-2010, 08:51 PM
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#28
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,866
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My withdrawal rate today would be 57.91%.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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05-22-2010, 12:13 PM
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#29
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,866
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My withdrawal rate today would be 38.93%
I'm calling myself FI when it drops to 4%, which I'm SWAGging at about another 4 years.
Or 99,627,104,722,793 platelets.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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05-22-2010, 12:47 PM
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#30
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,294
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__________________
There's no need to complicate, our time is short..
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05-22-2010, 01:21 PM
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#31
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,342
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Quote:
Originally Posted by SecondCor521
My withdrawal rate today would be 38.93%
I'm calling myself FI when it drops to 4%, which I'm SWAGging at about another 4 years.
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I'm confused. Let's say you need $40K/yr to live on. That means you'd need $1M to have a 4%SWR and you plan to be at that in 4 years. If you're at 38.93% right now then that would mean you only have slightly over $100K right now. So you plan to save $900K in 4 years?
I guess what i'm asking is how does your % go down 35% in 4 years. My current % would be around 17% but it'll take me 15 years or more to get it down to 4%.
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05-22-2010, 02:14 PM
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#32
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,866
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Quote:
Originally Posted by aaronc879
I'm confused. Let's say you need $40K/yr to live on. That means you'd need $1M to have a 4%SWR and you plan to be at that in 4 years. If you're at 38.93% right now then that would mean you only have slightly over $100K right now. So you plan to save $900K in 4 years?
I guess what i'm asking is how does your % go down 35% in 4 years. My current % would be around 17% but it'll take me 15 years or more to get it down to 4%.
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Well, the number isn't $40K in my case, but your question is still valid.
I calculate my FIRE net worth based on two things, really: The projected assets I will have less the projected liabilities I will have. Roughly speaking, I expect my liabilities to drop by about 1/3, and I expect my assets to roughly double. The combination of those two factors result in an approximately 11-fold increase in my FIRE net worth.
My liabilities are dropping, in turn, because every month I pay down my mortgage, my student loan, and reduce my number of remaining child support payments by one.
My assets are going up, in turn, because every month I contribute roughly 1/3 of my gross salary into savings, and my existing assets I have scheduled to grow based on historical rates.
Without getting into specific numbers, I don't really require very much to live on, and each month the vast majority (about 70% if I calculated that correctly) of my reasonably good income goes towards the above mentioned items.
HTH,
2Cor521
P.S. -- @bbamI, yes...I did :-)
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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05-22-2010, 02:30 PM
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#33
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,342
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Quote:
Originally Posted by SecondCor521
I calculate my FIRE net worth based on two things, really: The projected assets I will have less the projected liabilities I will have. Roughly speaking, I expect my liabilities to drop by about 1/3, and I expect my assets to roughly double. The combination of those two factors result in an approximately 11-fold increase in my FIRE net worth.
My liabilities are dropping, in turn, because every month I pay down my mortgage, my student loan, and reduce my number of remaining child support payments by one.
My assets are going up, in turn, because every month I contribute roughly 1/3 of my gross salary into savings, and my existing assets I have scheduled to grow based on historical rates.
Without getting into specific numbers, I don't really require very much to live on, and each month the vast majority (about 70% if I calculated that correctly) of my reasonably good income goes towards the above mentioned items.
HTH,
2Cor521
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Well, as long as you understand your system that's all that matters. Congrats on getting close to FI.
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05-23-2010, 10:52 AM
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#34
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Looks like you are on your way to Silver and then Gold. However, do you really want to base your forecast on minimum wage?
__________________
May we live in peace and harmony and be free from all human sufferings.
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05-23-2010, 01:41 PM
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#35
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 748
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If the withdrawal rate drops by almost 20% in two months, wouldn't it be <1 year to hit 4%?
__________________
I don't want to spend my entire life at work. I deserve more. - Want2retire aka W2R
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05-24-2010, 12:23 PM
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#36
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,866
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Quote:
Originally Posted by Spanky
Looks like you are on your way to Silver and then Gold. However, do you really want to base your forecast on minimum wage?
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I change my spreadsheet around regularly. The recent numbers I have included are to get to Gold FI.
Quote:
Originally Posted by Ronnieboy
If the withdrawal rate drops by almost 20% in two months, wouldn't it be <1 year to hit 4%?
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It's not linear.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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05-24-2010, 12:35 PM
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#37
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,866
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Attached is a screenshot of my projected progress towards 4%.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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