tangomonster
Full time employment: Posting here.
- Joined
- Mar 20, 2006
- Messages
- 757
When I was younger and living in Florida, it was impossible to read the newspaper or watch the news without an elderly person bemoaning that they were "on a fixed income." I always thought it was funny for them to say this since a fixed income doesn't necessarily equate to a low income for those people who were fortunate enough back in the day to get pensions of 90% or more of their former income. And since I was just working a j*b that paid a fixed amount and didn't offer bonuses for achievement, I felt that my income was just as fixed since I wasn't on this career trajectory where I would be promoted and earn a higher salary.
I vowed to never use this phrase---and I'm proud to say that I've been FIREd a year and haven't. And although I live exclusively on investments, it wouldn't even be accurate to say that it's fixed---my portfolio has gone up and down. And in terms of teh implied living on less in retirement, I'm actually earning more from my investments than I did from my salary. Does anyone here view their FIRE finances as "fixed income" and feel that it's limiting? Or is that just something from the previous generation?
I vowed to never use this phrase---and I'm proud to say that I've been FIREd a year and haven't. And although I live exclusively on investments, it wouldn't even be accurate to say that it's fixed---my portfolio has gone up and down. And in terms of teh implied living on less in retirement, I'm actually earning more from my investments than I did from my salary. Does anyone here view their FIRE finances as "fixed income" and feel that it's limiting? Or is that just something from the previous generation?