Been posting here for about 5 years, and things have been going well for us. We've hit the big 1 million in assets (not counting housing), we bought a new house and are renting out our old one, and making a small profit on it.
We still need over $2 mil to be FI here in San Diego, but if all goes well in our investments and savings, that looks like it could be sometime in the next 5-10 years. We are still very young, I'm 37, DH is 41 so it feels very strange to be looking at a somewhat "near" FIRE.
Our plans going forward include a few more years of our corporate jobs, then doing some downsizing. I'm looking into tax prep as a side business, and I have a couple of hobbies that I could turn into some money. DH makes iphone apps, and will hopefully keep doing that for a number of years on the side to keep a little bit of money coming in, and let our investments grow for a bit longer before hitting them too hard.
But now that we're at the 5-10 year stage, it seems like I should probably rebalance my portfolio a bit to be less aggressive? Any other tips on what to do to start preparing 5 years out?
We still need over $2 mil to be FI here in San Diego, but if all goes well in our investments and savings, that looks like it could be sometime in the next 5-10 years. We are still very young, I'm 37, DH is 41 so it feels very strange to be looking at a somewhat "near" FIRE.
Our plans going forward include a few more years of our corporate jobs, then doing some downsizing. I'm looking into tax prep as a side business, and I have a couple of hobbies that I could turn into some money. DH makes iphone apps, and will hopefully keep doing that for a number of years on the side to keep a little bit of money coming in, and let our investments grow for a bit longer before hitting them too hard.
But now that we're at the 5-10 year stage, it seems like I should probably rebalance my portfolio a bit to be less aggressive? Any other tips on what to do to start preparing 5 years out?