Fire

itwasntme001

Anonymous101 wrote: »

I'm not sure I agree with that. Whilst cutting your expenses is a quick win, I think that most people don't understand their worth and simply by know what the market rates are for their position are able to either ask for a pay rise in their current role or move to a higher paying one.


Longer term there's an awful lot of information available on the internet regarding what careers or specific jobs earn and therefore if you're motivated about it moving into something else has never been easier. Likewise for starting your own business.
The amount of resource available to people these days is incredible therefore learning new skills which will benefit you in your existing career, or a new one, and aid progression has never been easier.

At the same it has made competition harder as everyone has access to this information and many will be doing the same as you rendering this advantage as not being an advantage after-all.

itwasntme001

Zola. wrote: »

Care to prove it?
Let's see your investment portfolio screenshot beside a newspaper from the last week.

You can take a look at my post history as i have detailed my finances a number of times before.

Anonymous101

itwasntme001 wrote: »

At the same it has made competition harder as everyone has access to this information and many will be doing the same as you rendering this advantage as not being an advantage after-all.

In my experience this doesn't happen. Most people amble through life and are not even willing to make a small effort of checking they are being paid the market rate let alone trying to upskill themselves and push for a pay rise.

crv1963

Marine_life wrote: »

The FIRE debate seems excessively skewed to the underlying assumption that it is about sacrifice. We need far more discussion about how to maximise physical and financial assets.

I agree. FIRE is like beauty in the eye of the beholder, for me the financial juggling is not so much about the RE part although I am looking forward to that as about having the choice to work in a different field/ direction but only if I want to.

I enjoy what I do but not so much the hours and travel involved. It is all about balance- I travel and stay over to gain the long term security of a larger pension which in turn means when I go I can stop work completely or go for roles in my profession that I might find interesting or go and do something completely different.

We've tried to balance spending and saving- I keep telling my boys save and plan but live a life also!

Zola.

itwasntme001 wrote: »

You can take a look at my post history as i have detailed my finances a number of times before.

Grand... :rotfl:

pafpcg

bostonerimus wrote: »

Exactly, I live a $100k lifestyle on $40k/year retirement income in large part because I don't have a mortgage or any other debt.

So, if my partner and I have a $100k/year retirement income (approx, depending on current £/$ exchange rate) and we don't have any mortgage or debt repayments - what sort of lifestyle should we be living?

robatwork

bugslett wrote: »

Haha, you sussed me:p

I'll pop by the employment board, though I miss sangie a lot.

I hope you can bring your retirement forward. Any plans?

Yep that board isn't the same. Like when Viera was taken out the heart of the Arsenal midfield - never quite replaced.

I think I'll be working till my official retirement day, health issues have made me think it's crazy to just save up for then as it may never come. I am trying to navigate the choppy water between enjoying life and saving/ensuring wife and children are taken care of....doing OK though and lucky to generally enjoy my job. If only I could get rid of all the annoyances at work (that's pretty much all the people!)

bostonerimus

pafpcg wrote: »

So, if my partner and I have a $100k/year retirement income (approx, depending on current £/$ exchange rate) and we don't have any mortgage or debt repayments - what sort of lifestyle should we be living?

"Champagne wishes and caviar dreams"

https://www.youtube.com/watch?v=C4N9OA6MYYM

Andyed201

Paul_Herring wrote: »

These scenarios are getting more outlandish by the post.

I was smiling my way through them! Pretty sure we could all come up with a few scenarios to wreck everyone’s plans if we tried.

Thrugelmir

Anonymous101 wrote: »

Longer term there's an awful lot of information available on the internet regarding what careers or specific jobs earn and therefore if you're motivated about it moving into something else has never been easier. Likewise for starting your own business.
The amount of resource available to people these days is incredible therefore learning new skills which will benefit you in your existing career, or a new one, and aid progression has never been easier.

More red tape and regulation than ever if you start a business these days. Employing people comes with all sorts of burdens.