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Old 04-05-2016, 06:35 AM   #21
Full time employment: Posting here.
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Join Date: Dec 2015
Location: Michigan
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You're doing great, Birds. Way ahead of your peers. I was not so focused at your age but was saving ~20% and got to FI. I will RE at 57 next year. Hang in there. The LBYM program works.

"The mountains are calling, and I must go." John Muir
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Old 04-08-2016, 01:28 PM   #22
Dryer sheet wannabe
Join Date: Mar 2016
Posts: 15
In my 20's I still lived with my parents despite that I can afford to rent until I got married and brought my own place. Also I didn't max out my 401k until I saved enough for a down payment for my own place and my home.

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Old 04-13-2016, 01:31 PM   #23
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Thanks for the feedback everyone. It's nice to know we are not alone out there (though at times it feels like in my circle of friends/family)
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Old 04-19-2016, 08:53 AM   #24
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Very cool unrelated to FIRE news.

I found out last Friday that due to hitting 200% to sales quota I received an invitation to this years President's Club trip.

6 days and 5 nights in Bora Bora/ Tahiti valued at $25k per couple. My SO is THRILLED and I am even more motivated to crush it this year.
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Old 04-25-2016, 09:00 AM   #25
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That is awesome!! Congrats.

Don't want to be a Debby Downer, but check to see if a prize like this is taxable. I got hit with an unexpected tax bill when winning something similar (though nowhere near as expensive) from my company. At least for me, they valued the trip at rack rate pricing, which was much higher than I could find elsewhere. It may end up costing you $5K for a "free trip".
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Old 05-18-2016, 09:19 AM   #26
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Found out that my company does pay taxes on our behalf for this incentive trip.
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Old 07-06-2016, 08:25 AM   #27
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Originally Posted by 2Birds1Stone View Post
Figured I would toss up an update.

Investable assets are up to $167k as of today. Income for 2015 ended up being $109k, got a small promotion in January so I should be in the $100-120k range for 2016 assuming I hit sales quota.

Looks like ~$210k in investable assets will be possible by the end of this year. At that point a 4% withdrawal rate will cover my rent/utilities/groceries.
Broke through this goal last month!

Investable assets are now up to ~$220k, which at a 4% SWR means income of ~$730/month......covers my rent/utilities & a frugal monthly grocery budget.

Slowly but surely getting there!!

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