ESRwannabe
Full time employment: Posting here.
- Joined
- Mar 19, 2010
- Messages
- 889
My emergency cash is pretty much nonexistent right now, but my taxable investments throw off roughly 46% of my living expenses in qualified dividends.
I've been plowing everything into investments and only have an extra 2 weeks living expenses in cash (actually 6 weeks, but I plan to invest 2/3 of that on Monday). Usually I like to keep a year's worth of living expenses on hand, but I am so close to hitting my ESR goals that I just want to go all out until I hit my number.
My goal is taxable dividend income which can cover 50% of living expenses. So I am 92% there. I think I will hit my goal this year (age 39). Once that is done I'll build up 1+ year living expenses in cash and start looking into a career change.
There is an urgency for me to beef up my finances quickly, not related to ESR plans. It is very likely that my employer is going to be hit with a very large revenue decline, indirectly, due to sequestration budget cuts to the military. There are also some upcoming personnel changes coming due to retirements which could adversely (or positively) affect me (very long time director of our dept is retiring this year and my boss is planning on retiring in the next 1-3 years).
I've been plowing everything into investments and only have an extra 2 weeks living expenses in cash (actually 6 weeks, but I plan to invest 2/3 of that on Monday). Usually I like to keep a year's worth of living expenses on hand, but I am so close to hitting my ESR goals that I just want to go all out until I hit my number.
My goal is taxable dividend income which can cover 50% of living expenses. So I am 92% there. I think I will hit my goal this year (age 39). Once that is done I'll build up 1+ year living expenses in cash and start looking into a career change.
There is an urgency for me to beef up my finances quickly, not related to ESR plans. It is very likely that my employer is going to be hit with a very large revenue decline, indirectly, due to sequestration budget cuts to the military. There are also some upcoming personnel changes coming due to retirements which could adversely (or positively) affect me (very long time director of our dept is retiring this year and my boss is planning on retiring in the next 1-3 years).