Greetings from the great state of Nevada and thanks to everyone who has posted in this forum as it has inspired me and the DW to seriously consider FIRE. We are DINKWADs with great incomes (250,000 combined) and we have been methodically knocking out all debt for the last 10 years including 2 houses (Challenge completed last year).
After we max out all available "tax advantaged" accounts we have some serious cash to invest. Right now, we've been throwing it into Vanguard or, when we see an opportunity, we throw some in individual stocks. Based on our nifty spreadsheet work (we're both engineers), we've determined that we can be FI in 5 years but neither feel like we want to retire in 5 years so we are looking to RE in 10 years. I suspect that we may change our minds as we get close. Anyway.... We feel pretty confident on the money aspect of FIRE but will be looking to this forum for guidance on the social, mental and other non financial issues FIREs have to deal with. So... thanks again and I'll be seeing you later.
After we max out all available "tax advantaged" accounts we have some serious cash to invest. Right now, we've been throwing it into Vanguard or, when we see an opportunity, we throw some in individual stocks. Based on our nifty spreadsheet work (we're both engineers), we've determined that we can be FI in 5 years but neither feel like we want to retire in 5 years so we are looking to RE in 10 years. I suspect that we may change our minds as we get close. Anyway.... We feel pretty confident on the money aspect of FIRE but will be looking to this forum for guidance on the social, mental and other non financial issues FIREs have to deal with. So... thanks again and I'll be seeing you later.