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03-28-2004, 02:48 AM
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#1
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Dryer sheet wannabe
Join Date: Mar 2004
Posts: 11
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On the path to FIRE
Great advice on these boards, and also great inspiration...I will be CC free in less than a week (my biannual Expatriate payment will allow it)...am maxing out 401k, not eligible for Roth IRA (due to expatriate assignment tax issues), 529 in effect for newborn, Emergency fund being funded to 10k...Weaknesses...gadgets, good food, good wine, and travel....
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03-28-2004, 09:39 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,702
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Re: On the path to FIRE
Me too, but I had a bigger and more compelling weakness...sleeping until 10:30 every morning! 
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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03-28-2004, 12:04 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Nomadic in the Rockies
Posts: 2,720
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Re: On the path to FIRE
TH is definitely my role model now. 
Welcome to the board Russ! I will be CC free in 81 days (barring unexpected expenses) and share your weaknesses.
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03-29-2004, 05:02 AM
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#4
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Recycles dryer sheets
Join Date: Oct 2003
Posts: 452
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Re: On the path to FIRE
What is CC free ?
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03-29-2004, 07:00 AM
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#5
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Recycles dryer sheets
Join Date: Jan 2004
Posts: 144
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Re: On the path to FIRE
Credit Card?
__________________
Skylark<br />Time flies like an arrow.<br />https://cruisenews.net/independence<br /><br />Poverty is not the absence of goods, but rather the overabundance of desire. <br />- Plato<br />
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03-29-2004, 07:24 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Nomadic in the Rockies
Posts: 2,720
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Re: On the path to FIRE
That's what I took it to mean. I am already Carbon Copy free.
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03-29-2004, 08:30 AM
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#7
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Dryer sheet wannabe
Join Date: Mar 2004
Posts: 11
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Re: On the path to FIRE
CC=Credit Card, as in Credit Card Debt (including those 0% interest, no payment for 2 year ones !!!)
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04-03-2004, 12:35 AM
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#8
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Dryer sheet wannabe
Join Date: Mar 2004
Posts: 11
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Re: On the path to FIRE
As of of today CC no longer means Credit Card for me. It means Completely Committed. I paid off my last Card yesterday...What a weight off my shoulders...and the great thing is now...all that money that was being sent to the nefarious credit companies can now be funneled into FIRE purposes.
 8) : :P
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04-03-2004, 12:36 AM
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#9
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Dryer sheet wannabe
Join Date: Mar 2004
Posts: 11
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Re: On the path to FIRE
I just fined myself for excessive smiley usage..
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04-03-2004, 02:51 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Nomadic in the Rockies
Posts: 2,720
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Re: On the path to FIRE
Congratulations!!! I am so envious, but I'll make it there myself in 75 days if I stick with my budget--that'll be difficult through spring, summer and with all these thoughts in my head of what I'm going to do with the extra money once it's paid off, but your finish and my daily countdown is inspiring me to plan more carefully rather than cheat the budget.
So what will you do now?
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04-03-2004, 12:52 PM
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#11
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Dryer sheet wannabe
Join Date: Mar 2004
Posts: 11
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Re: On the path to FIRE
For one I have an advantage as my semi annual expatriate payment (for "extra" expenses) allowed me to do this as well as remodel my house back home...
Now, I plan to finish funding my emergency fund to 10K (A figure that makes me comfortable) and then I will invest in after tax investments...
401k MAXED
Roth/Traditional IRA - Ineligible for Roth/Tax Deductible IRA
Contributing to 529a for Son...
Also will use some money to enjoy the food of Europe in my remaining months here===I return to USA in January 2005...
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04-03-2004, 01:18 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Nomadic in the Rockies
Posts: 2,720
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Re: On the path to FIRE
Sounds like a good plan to me. Up until recently I had been imagining working towards $50k-$70k in short term savings to cover emergencies, car replacement and a house down payment. Lately, based on some discussions here I realize I can do with much less in short term savings--probably in the neighborhood of your $10k. I'll max the 401(k), and I think I'm still barely eligible for an IRA. I'll still have some left over that will go to after-tax investing. I have no dependents, partners or home, but other than that my situation will probably look a lot like yours, including some extra money going for extra entertainment.
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