 |
|
You know you're an ER nerd when........
11-18-2009, 07:47 AM
|
#1
|
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
|
You know you're an ER nerd when........
.....$100k doesn't mean a new car and expensive vacations, it means $5k in annual income. 
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
11-18-2009, 07:49 AM
|
#2
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
|
...and you lose sleep wondering whether the $5k should be only $4k or $3k or you risk depleting your nest egg.
__________________
Numbers is hard
|
|
|
|
|
11-18-2009, 07:50 AM
|
#3
|
|
Thinks s/he gets paid by the post
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,688
|
when you spend more time modeling safe withdrawl rates than you do a new suit
__________________
Budgeting is a skill practised by people who are bad at politics.
|
|
|
|
|
11-18-2009, 07:56 AM
|
#4
|
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 1,183
|
You do mental math gymnastics during staff meetings figuring dist rates and portfolio size increases on a monthly basis.
Terms like 72T make sense to you!
|
|
|
|
|
11-18-2009, 08:04 AM
|
#5
|
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
|
 Quote:
Originally Posted by REWahoo
...and others want to debate the $5k should be only $4k or $3k or you risk depleting your nest egg.
|
That would be true for me (less taxes), but still nothing to sneeze at!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
|
|
11-18-2009, 08:05 AM
|
#6
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
|
Quote:
Originally Posted by W2R
That would be true for me (less taxes), but still nothing to sneeze at!
|
See - you're an ernerd. 
__________________
Numbers is hard
|
|
|
|
|
11-18-2009, 08:11 AM
|
#7
|
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
|
 Not only that, but one of the major mysteries of the universe to me is why everyone isn't obsessed with ER! Maybe that's indicative of ernerdness as well. 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
|
|
11-18-2009, 08:38 AM
|
#8
|
|
Full time employment: Posting here.
Join Date: Jan 2008
Posts: 649
|
Er-nerd! I knew there had to be a name for this condition
__________________
"There is no dignity quite so impressive, and no independence quite so important, as living within your means." Calvin Coolidge
|
|
|
|
|
11-18-2009, 08:41 AM
|
#9
|
|
Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,250
|
Quote:
AMEN! 
My co-workers have admitted jealousy (I have 10.5 years to go!!!) Toast to the ER nerds!
__________________
Make no mistake, my friend, it takes more than money to make men rich. - A. P. Gouthey
|
|
|
|
|
11-18-2009, 08:48 AM
|
#10
|
|
Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
|
You wonder if the cash bucket should fund five years or seven years of ER--and plot how to change your budget to be sure it could handle both.
You send W2R a muzzle to prevent those sporadic "wheee" outbreaks.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
|
|
|
|
|
11-18-2009, 09:49 AM
|
#11
|
|
Full time employment: Posting here.
Join Date: Mar 2008
Posts: 654
|
You actually start ordering parts, material & monthly report forms in numbers knowing in the back of your mind they will be just enough to get you to your ER date. All this at least 2 years in advance of that day.
Steve
|
|
|
|
|
11-18-2009, 10:01 AM
|
#12
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
|
And for those of us still w*rking, it means a couple more years in the work force versus getting out sooner...
In all seriousness, I have a tendency to look at any and all large purchases this way and it takes a lot to get me to overcome my obsession and go ahead and spend once in a while if it's really a necessity (like the new roof we just put up) or something that will really enhance our enjoyment of living.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
|
|
11-18-2009, 11:06 AM
|
#13
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
|
You focus on the cash flow cost of purchasing the use of things, rather than the capital cost of purchasing them.
I recently found myself making this case to a friend who is a CEO (about recreational property) and to an accountant (about equipment) and both of them complemented me on "thinking like an accountant". 
|
|
|
|
|
11-18-2009, 12:03 PM
|
#14
|
|
Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
|
You look at all purchases in percentages of your annual budgeted ER "income", as in, that health club is nice, but is it 1 percent of our budget nice?
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
|
|
|
|
|
11-18-2009, 01:01 PM
|
#15
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
|
Funny you should post this - I just recently hit a target of $100K in a TE muni bond fund I've been building for years and years and years... Expected annual tax free income is about $4K.
Guilty as charged - I be an ERnerd.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
|
|
|
|
|
11-18-2009, 01:04 PM
|
#16
|
|
Administrator
Join Date: Feb 2007
Location: Pacific NW
Posts: 6,178
|
Nerd = Not early retire'd (yet)?
|
|
|
|
11-18-2009, 01:12 PM
|
#17
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
|
Quote:
Originally Posted by Janet H
Nerd = Not early retire'd (yet)?
|
NERDY!
|
|
|
|
|
11-18-2009, 01:16 PM
|
#18
|
|
Administrator
Join Date: Feb 2007
Location: Pacific NW
Posts: 6,178
|
|
|
|
|
|
11-18-2009, 01:30 PM
|
#19
|
|
Thinks s/he gets paid by the post
Join Date: Sep 2008
Posts: 2,171
|
Quote:
Originally Posted by Janet H
Nerd = Not early retire'd (yet)?
|
You mean it doesn't stand for Nearing [my] Early Retirement Date?
|
|
|
|
|
11-18-2009, 02:13 PM
|
#20
|
|
Administrator
Join Date: Feb 2007
Location: Pacific NW
Posts: 6,178
|
Quote:
Originally Posted by kyounge1956
You mean it doesn't stand for Nearing [my] Early Retirement Date? |
Be careful - the acronym enforcement squad may be watching
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
