Hey everyone! During the past years I completely avoid managing my finances because I was completely overwhelmed by work. This community is truly inspiring and now that my professional life is finally stabilizing, I took the decision to roll my sleeves and start managing my personal finances. I would like to get to FI as quickly as possible even though I love my work. I will soon have 2 weeks of vacations and want to use that time to pivot HARD and go from unmanaged finances to structured and with a clear path ahead. Could you please tell me about the traps and the mistakes to avoid? Is there ..read more

Making a new post for visibility...there is just about a week left for you to respond to the 2023 /r/FinancialIndependence annual survey. This is an annual effort to learn more about how we are doing as a sub. Follow the link below to the original survey post. https://www.reddit.com/r/financialindependence/comments/1bru9pm/the_official_2023_fi_survey_is_here/ submitted by /u/Melonbalon [visit reddit] [comments ..read more

I fired at 45, five years ago. Each year I have been posting updates of how life is going after Fire. I can ramble a bit so please bear with me. If you care, the previous posts are here : https://www.reddit.com/r/financialindependence/comments/bghjcb/i_fired_at_age_45_15m/ https://www.reddit.com/r/financialindependence/comments/g8qly8/1_year_fire_update_ha/ https://www.reddit.com/r/financialindependence/comments/myb92j/2_year_fire_update_ha/ https://www.reddit.com/r/financialindependence/comments/u8sdrb/3_year_fire_update_ha/ https://www.reddit.com/r/financialindependence/comments/1 ..read more

Hi. I am pondering over a thought exercise I'd like to share with you. When is the investment we have sufficiently big, that adding to it becomes irrelevant? For example: I'm investing 1000 a month into a hypothetical investment that has a 10% return. The second month the funds added basically double the investment (~+100%). Arguably a significant addition. But when the investment has reached one hundred thousand, the additional investment is just 1% of our pot of money. Still significant, but much less. If the investment grows to one million (after a long while, yes, but theoretically speaki ..read more

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. submitted by /u/AutoModerator [visit reddit] [comments ..read more

Hello, I am 21 years old and have been lurking on this sub for about 5 years whilst pursuing my own FIRE. I am curious if anyone has a decent idea to offer to a young person trying to get a good start on FIRE. I get that this is incredibly dependent on a wide range of factors. I will list the more significant parts of my situation so there is something specific to refer to, but I also welcome generic advice. I would also appreciate if like-minded people with a bit more life experience than me could poke holes or maybe even validate some of the ideas I have that tend to earn me unconstructive ..read more

Hello /r/financialindependence, I'm seeking financial independence advice as a recent newlywed. I'm 37 and partner is 31, together we make a modest joint income (~150K) in a HCOL- NYC. Cash: 65K Vanguard brokerage: 60K 401K & Roth: 300K Home equity: 1.2M, 0 mortgage FAFSA student loan & interest: (145K) With the changing landscape of student loan forgiveness, is there much incentive to pay down the FAFSA student loan as soon as possible (using cash, selling from brokerage/401K accounts, taking out a home equity loan, etc.)? We also plan to start a family and hopefully have a child tog ..read more

A while back I made a post (linked below) about how safe withdrawal rates are impacted by valuations. At the time, I also did a shallow dive into asset allocation impacts, and found some pretty interesting stuff. I finally got around to creating a deep dive summary of my findings. This particular post is only concerning 10 year annualized returns, but my findings were quite similar for safe withdrawal rates. I plan on doing a follow up soon with just SWR impacts, which should be much shorter, but this felt like a good jumping off point. O.G. POST Introduction As of this writing, first drafted ..read more

Self-promotion (ie posting about projects/businesses that you operate and can profit from) is typically a practice that is discouraged in /r/financialindependence, and these posts are removed through moderation. This is a thread where those rules do not apply. However, please do not post referral links in this thread. Use this thread to talk about your blog, talk about your business, ask for feedback, etc. If the self-promotion starts to leak outside of this thread, we will once again return to a time where 100% of self-promotion posts are banned. Please use this space wisely. Link-only posts ..read more

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. submitted by /u/AutoModerator [visit reddit] [comments ..read more