I'm interested in your stories if you want to share...
I just realized that my latest FIRE spreadsheet double-counts my expenses. I figure up a "FIRE net worth" and a "spending number" and take the ratio, and then project forward based on inflation, my contributions, my expected returns, etc., when that ratio will hit 4%.
One of the things I subtract from my "FIRE net worth" is the NPV of my future significant liabilities, one of which is the child support I must pay for the next ~13.5 years.
One of the things I include in my "spending number" is that same child support.
Whoopsies, I think I double-counted, yes?
Since CS is my single largest monthly expense and perhaps 25% of my total spending, this is a significant issue for me to correct.
The last time I made a mistake of this magnitude was when I was in college and I had all this extra money in my checking account and was getting pretty excited. Then I got curious as to why this month was different. Turns out I had forgotten to pay my rent.
A soon-to-be MBA who probably shouldn't claim any special abilities in accounting....
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.