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Old 05-09-2019, 07:46 PM   #21
Thinks s/he gets paid by the post
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Join Date: Dec 2017
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Originally Posted by RioIndy View Post
If I can make enough to just more-or-less cover my yearly expenses while my stash (where all my hard years went to) grows for a few more years, I am more than good. Apparently this is called "CoastFI".
I would say that this could be a path to FI. If you're still working to make it work, you're not FI. FI means that you're financially independent, through savings/investments/passive income streams/pensions/SS, etc., and you don't need to work at all (IMHO), to support your desired lifestyle and budget. No blogs, no subscribers, no part time gigs....(if you're FI, you can certainly do these, but they're not needed to achieve or maintain FI; otherwise, you're still working). IMHO.

By the way, the Magical $1M mark wasn't so magical for me, by the time I reached it in 2013. I then realized that it would take far more than that for me to retire comfortably, and do what I wanted to do (extensive travel, nice condo, decent car). Then I was married, and I kept going. Even if your $750K managed to make 4-5% after inflation, would you really want to live on that small amount for the rest of your life?
Balance in everything.
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