Recent content by Toocold

I wrote about this. https://www.early-retirement.org/threads/when-will-the-clouds-part-and-angels-sing-again.84243/ TLDR: I hit FI Q3 2014, and it was celebrated by updating my spreadsheet on one Sunday morning with coffee. Just realized now, after 10 years, that it was around that time I...

I think this forum is the original ER crew, and I'm pretty sure this is where the term FIRE was first coined. I would say this is Gen X+ age. I would say most have already achieved FIRE, so are very chill (mostly :angel:). I think MMM (Mr. Money Moustache) forum is where the Millennials are...

One of my goals for early retirement was to get bored. Prior to retiring, I was so busy (and stressed at work) that I didn't have a chance to think about anything else. After 3 months of pure detoxing, my natural sense of boredom set in, which led me to new curiosities like bathroom...

We're still in the weird period of expansionary fiscal policy and tightening monetary policy. While higher interest rates are making things like housing more expensive and slowing down new home construction, investments in things like new chip manufacturing are adding to labor demand. It'll...

This is similar to our situation where we have a set of assets that covers more than 100% of our living expenses plus some. The remaining assets are primarily in VTI and BND. I didn't know whether to go 100% VTI or 100% BND, because we had won the game. I had multiple conversations with my...

Purely from a cash management perspective, I would withdraw 80k on a quarterly basis to live on. I am presuming that this figure is pre-tax, your total figures include expenses like healthcare premiums, and your partner doesn't work. Make sure you have the right allocations across your pre-...

46% Stocks 25% Bonds 29% Real Estate Real estate pays for our expenses and bonds (including MM) pays for our annual trips.

This is the vast majority of people, where few people save, equate looking rich to being rich, and then cry foul / blame others about why their dollars don't stretch and feel poor, so FI is out of reach for most. I suspect that participants of this forum are not like the vast majority of people.

My observation is: Our economy - Prices are higher than pre-covid, and that is making people feel bad - Our economy is doing better than most other economies - Unemployment is still low - Wages are up, but not compared to inflation - Market is doing what it's always doing, which is trying to...

It's either Peak Oil or To the Moon!

Is 80k pre or post tax spend? I will presume that healthcare is included in the 80k. Also, are the kids planning to go to CC and then a 4 year degree? If they make 170k now and have 500k in non-retirement assets, they will be expected to contribute about ~40-50k per year per child if they go...

I used to read his blog, but stopped long ago. For this one time, read the article. He says he now needs to go back to work, but he never includes how much he gets from blogging. I think a better, more transparent statement would be that he needs to continue blogging (with more clickbait...

I haven't heard of this, but it's a similar philosophy that I use. I have a certain asset (in this case investment properties) that generates basic income that covers all of our household needs. It's a bucket of money based on our historical spend. I use investment properties because I think...

Just saw it and got the downloaded version for $5.

My understanding is that in Chicago, they are going to get rid of subminimum wage, so service staff will be paid minimum wage. I suspect that restaurants will raise their prices to reflect the added costs. I wonder if people in Chicago will reduce their tip, because they are technically no...