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You know you're an ER nerd when........
Old 11-18-2009, 08:47 AM   #1
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You know you're an ER nerd when........

.....$100k doesn't mean a new car and expensive vacations, it means $5k in annual income.
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Old 11-18-2009, 08:49 AM   #2
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...and you lose sleep wondering whether the $5k should be only $4k or $3k or you risk depleting your nest egg.
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Old 11-18-2009, 08:50 AM   #3
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when you spend more time modeling safe withdrawl rates than you do a new suit
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Old 11-18-2009, 08:56 AM   #4
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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!
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Old 11-18-2009, 09:04 AM   #5
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...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!
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Old 11-18-2009, 09:05 AM   #6
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That would be true for me (less taxes), but still nothing to sneeze at!
See - you're an ernerd.
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Old 11-18-2009, 09:11 AM   #7
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See - you're an ernerd.
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.
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Old 11-18-2009, 09:38 AM   #8
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Er-nerd! I knew there had to be a name for this condition
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Old 11-18-2009, 09:41 AM   #9
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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.
AMEN!

My co-workers have admitted jealousy (I have 10.5 years to go!!!) Toast to the ER nerds!
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Old 11-18-2009, 09:48 AM   #10
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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.
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Old 11-18-2009, 10:49 AM   #11
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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.
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Old 11-18-2009, 11:01 AM   #12
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.....$100k doesn't mean a new car and expensive vacations, it means $5k in annual income.
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.
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Old 11-18-2009, 12:06 PM   #13
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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".
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Old 11-18-2009, 01:03 PM   #14
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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?
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Old 11-18-2009, 02:01 PM   #15
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.....$100k doesn't mean a new car and expensive vacations, it means $5k in annual income.
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.
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Old 11-18-2009, 02:04 PM   #16
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Nerd = Not early retire'd (yet)?
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Old 11-18-2009, 02:12 PM   #17
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Nerd = Not early retire'd (yet)?
NERDY!
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Old 11-18-2009, 02:16 PM   #18
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NERDY!
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Old 11-18-2009, 02:30 PM   #19
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Nerd = Not early retire'd (yet)?
You mean it doesn't stand for Nearing [my] Early Retirement Date?
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Old 11-18-2009, 03:13 PM   #20
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You mean it doesn't stand for Nearing [my] Early Retirement Date?

Be careful - the acronym enforcement squad may be watching
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