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Old 02-08-2016, 08:28 PM   #21
Dryer sheet wannabe
Join Date: Jan 2016
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Originally Posted by hnzw_rui View Post
You're still self-employed (business owner). You just happen to be the boss and can dictate your hours and how much or how little work you wish to do.
i see. you are right about that. hopefully and eventually I will not need to come to work in the future.

Originally Posted by catman2020 View Post
Hi. I had my own business for most of my career. I recently exited it. While it had a number of advantages, I found for me personally it was the opposite of being FIRE. I had trouble getting away from w**k mentally and even physically - I hadn't taken two weeks off in a row in twenty years. The greater ability to control my income from having my own shop did allow me to FIRE eventually. We all have our own path. If you enjoy being I involved in the business and it doesn't conflict with your pursuit of happiness, then I don't see that you need to worry too much about whether it does or doesn't make you FIRE. For example I have read a number of posts from folks who run rental properties and consider themselves FIRE. I had done this on the side for a few years and didn't personally enjoy it and would not consider that part of my own FIRE lifestyle, but others clearly do.
I see your point. I think being my own boss is another way of me wanting to early retire. i guess the word FIRE doesnt mean exact same to everyone in here. Everyone has their own interpretation version of it. To my definition, working less than 10 hours a week and 9 months/year is pretty good. To some, prefer not working at all and i completely understand. With 401k and Roth IRA, they certainly can easily achieve that goal.

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Old 02-11-2016, 09:36 AM   #22
Thinks s/he gets paid by the post
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Join Date: Apr 2007
Posts: 2,203
Almost no (and very dated) investment advice, but otherwise very helpful: Dominguez and Rubin, Your Money or Your Life. Any decent library will have a copy.

"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
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Old 02-19-2016, 11:36 AM   #23
Recycles dryer sheets
Join Date: Feb 2015
Posts: 92
My #1 piece of advice has nothing to do with your savings rates.
It is this:
If you want to have children, as you said, do it NOW. There is never a "good time" to have children. Might as well dive in, since your life seems relatively stable and the clock is ticking for your wife with each passing day, trust me.
I became a father for the first time at age 40, and it was about 10 years too late. Late in the sense all my peers are now empty-nesters and I'm having trouble keeping up with the kids physically. My friends and relatives who had children in their 20s blew threw those years blindfolded and by the seat of their pants. They are having a helluva lot of fun now that the kids are gone and their health is still good.
Just sayin'...

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